China’s Xi has met with more than 25 world leaders in about a month

Chinese President Xi Jinping attends a session during the G20 summit on the Indonesian holiday island of Bali on November 16, 2022. Willy Kurniawan| Afp | Getty Images BEIJING — A month after Chinese President Xi Jinping consolidated his power domestically, he took to the global stage to strengthen relations with the US and other … Read more

China’s Covid lockdowns are having a diminishing impact on the economy

Pictured here are local residents on a subway in Zhengzhou city, Henan province, on Dec. 5, 2022, after the municipality said negative nucleic acid test results are no longer necessary to travel on public transport. Vcg | Visual China Group | Getty Images BEIJING — According to Nomura, China’s Covid lockdowns are having a diminishing … Read more

Fed cannot stop raising rates because of these 4 factors

CNBC’s Jim Cramer listed four reasons Monday why the Federal Reserve can’t stop tightening the economy just yet. Not enough people are returning to the labor market. That makes it more difficult for the Fed to quell wage inflation. There is a mismatch between vacancies and job seekers. While it takes many engineers to implement … Read more

Wall Street, Reserve Bank of Australia, interest rates

Chinese markets suspend trading for 3 minutes on Tuesday as the country mourns the former leader Australia is expected to raise interest rates by 25 basis points: Reuters poll Australia’s central bank is expected to raise its cash rate by 25 basis points to 3.1% on Tuesday, according to economists polled by Reuters. That would … Read more

FTX crash shows that the cryptocurrency market needs bank-like regulation

Rob Nichols is the president and CEO of the American Bankers Association and Dennis Kelleher is the president and CEO of Better Markets, a Washington-based nonprofit promoting financial market reform. The recent turmoil in the trillion-dollar crypto sector, including the sudden liquidity crisis and spectacular collapse of FTX, has updated the concept of a bank … Read more

CDC encourages people to wear masks to prevent spread of Covid, flu, RSV

The Centers for Disease Control Prevention on Monday encouraged people to wear masks to help reduce the spread of respiratory illness this season as Covid, flu and RSV circulate at the same time. CDC Director Dr. Speaking to reporters, Rochelle Walensky said wearing a mask is one of many daily precautions people can take to … Read more

Oil tankers on their way to Russia as price cap on exports begins

Two tankers were bound for Russia on Monday expecting to be filled with Russian crude oil as a price cap on oil exports from a coalition of Western countries came into effect. On Friday, the European Union agreed to limit Russian marine oil prices to $60 a barrel, aiming to limit Moscow’s revenues and limit … Read more

What is Strep A, scarlet fever, the disease that infects British children?

Streptococcus A – or Group A Strep (GAS) – is a bacterial infection of the throat or skin, which usually develops during the winter months. Halfpoint Images | Even | Getty Images UK health officials are warning parents to be on the alert after a recent spate of serious Strep A infections led to the … Read more

5 things you need to know before the stock market opens Monday, December 5

Traders work on the floor of the New York Stock Exchange during morning trading on December 2, 2022 in New York City. Michael M. Santiago | Getty Images Here are the most important news items investors need to start their trading day: 1. Waiting for the Fed Federal Reserve policymakers won’t hold their December meeting … Read more

Chinese stocks soar after hopes reopen; Morgan Stanley raises rating

A pedestrian along a road in Beijing, China, on Monday, October 24, 2022. Source: Bloomberg Bloomberg | Bloomberg | Getty Images Chinese stocks posted sharp gains on Monday after major cities in China reportedly eased further Covid-related restrictions, a positive sign for an economy that has struggled with strict virus measures for more than two … Read more