Economy - Finance > China

Virus effects take hold as Trump calls criticisms a 'hoax'

3 minutes ago   |   Chron   |   3 articles

TOKYO - The coronavirus outbreak's impact on the world economy grew more alarming on Saturday, even as President Donald Trump denounced criticisms of his response to the threat...
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China manufacturing plunges in February amid virus controls

57 minutes ago   |   Chron

BEIJING - China's manufacturing plunged in February by an even wider margin than expected after efforts to contain a virus outbreak shut down much of the world's second-largest...
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China uses dairy factory to show it's getting back to work

2 hours ago   |   Chron

BEIJING - As milk bottles and yogurt six-packs zipped past on a conveyor belt at a state-owned dairy, reporters heard a sales pitch from a Communist Party official: China Inc...
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How Bad Could It Get? Companies Gauge the Coronavirus Impact

6 hours ago   |   NY Times   |   3 articles

How businesses react to the outbreak could help determine if the economy slides into a recession.
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Musk says China economy will surpass US by 2 or 3 times: 'The foundation of war is economics'

7 hours ago   |   CNBC

"The foundation of war is economics," Tesla and SpaceX CEO Elon Musk said at the Air Warfare Symposium in Orlando, Fla.
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In the Circular Economy, Products Are Designed to Be Recycled

8 hours ago   |   Washington Post

Take, make, use, dispose. For decades, this has been the standard approach to production and consumption. Companies take raw materials and transform them into products, which...
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The Economic Impact of the COVID-19

10 hours ago   |   Calculated Risk   |   3 articles

Several readers have asked about the economic impact of the novel coronavirus. The answer is it depends on the severity of the epidemic. Goldman Sachs economists wrote this...
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Shifting Gears: How Uber, airlines, automakers, shippers, and cruise lines are bracing against the coronavirus

Shifting Gears: How Uber, airlines, automakers, shippers, and cruise lines are bracing against the coronavirus

11 hours ago   |   Business Insider   |   4 articles

As the COVID-19 coronavirus spreads to more countries and wreaks havoc on financial markets around the world , it's also roiling global supply chains, air travel, logistics...
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Geopolitical Risk Calendar: Coronavirus Lowers the Outlook for Global Growth

12 hours ago   |   Economy   |   3 articles

The virus has already weighed heavily on China's economy.
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This $1,000-a-year prepper timeshare says it has seen 'huge surge in interest' due to coronavirus - see inside

This $1,000-a-year prepper timeshare says it has seen 'huge surge in interest' due to coronavirus - see inside

14 hours ago   |   Business Insider   |   2 articles

Fortitude Ranch sells disaster preparedness like a vacation timeshare. Founder Drew Miller says that the panic around coronavirus has led to a "huge surge in interest" in the...
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Powell signals Fed is open to rate cut as coronavirus raises economic concerns

Powell signals Fed is open to rate cut as coronavirus raises economic concerns

Federal Reserve Chairman Jay Powell sought to reassure businesses and investors Friday afternoon. As concerns about the coronavirus continued to escalate, Powell said the... Read more ...

If you have a Bank of America credit or debit card, you can access more than...

If you have a Bank of America credit or debit card, you can access more than 200 museums in the US for free - here's how

Through Bank of America's Museums On Us promotion, customers who have a Bank of America credit or debit card can visit 225 cultural institutions around the United States. This... Read more ...

I'm a financial planner, and I can tell you what to do with your investments...

I'm a financial planner, and I can tell you what to do with your investments when the stock market dips: nothing

The recent coronavirus-motivated market selloff - and dip - is not at all unusual, so stay calm. Though the short-term situation may be in a state of flux, your long-term... Read more ...

These hedge fund bears have raked in millions from the coronavirus-led...

These hedge fund bears have raked in millions from the coronavirus-led market meltdown

Betting against stocks is paying off this week. In the last week, Crispin Odey of Odey Asset Management has gained 5% in his European fund, he told The Financial Times . In the... Read more ...

What is a good interest rate for a car loan? The answer depends on your...

What is a good interest rate for a car loan? The answer depends on your credit score

The interest rate on your auto loan will depend largely on your credit score, and whether you're buying a new or used vehicle. The average APR for a borrower with good credit... Read more ...

'Risk of a credit event surging' BofA says as coronavirus-fearing investors...

'Risk of a credit event surging' BofA says as coronavirus-fearing investors race out of the market's riskiest bonds

The risk of a credit event is surging, according to Bank of America, with high-yield debt seeing billions in outflows. New issuances have come to a standstill, Societe Generale... Read more ...

Private equity can't just flip a switch to embrace data analysis, and...

Private equity can't just flip a switch to embrace data analysis, and investing execs explain why humans are the biggest roadblock to wide adoption

The biggest challenges facing the widespread adoption of data by private-equity firms are human. There must be collaboration between data scientists and investment... Read more ...

Don't get scammed: An investment chief overseeing $1.2 billion shares 3 ways...

Don't get scammed: An investment chief overseeing $1.2 billion shares 3 ways to avoid financial fraud and a 'lottery ticket mentality' that can cost millions

Ben Carlson, director of institutional asset management at $1.2 billion Ritholtz Wealth Management, is tired of seeing investors get swindled by clever sales techniques. He... Read more ...

Personal Income increased 0.6% in January, Spending increased 0.2%, Core PCE...

Personal Income increased 0.6% in January, Spending increased 0.2%, Core PCE increase 0.1%

The BEA released the Personal Income and Outlays report for January: Personal income increased $116.5 billion in January according to estimates released today by the Bureau of... Read more ...

No one wanted to invest in Credit Karma when it launched at the height of...

No one wanted to invest in Credit Karma when it launched at the height of the financial crisis. Now some early backers are celebrating their returns after it sold for $7.1 billion

Credit Karma, a startup that provides users with free credit scores, has been acquired by Intuit for $7.1 billion. We talked to two early investors in Credit Karma on why they... Read more ...