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China to loosen entry restrictions on U.S. citizens, transit via 3rd country now permitted

FILE PHOTO: Medical staff members check the temperature of people as they enter at Capital Airport, following an outbreak of the coronavirus disease (COVID-19), in Beijing, China, November 5, 2020. REUTERS/Thomas Peter(Reuters) – China will loosen entry restrictions on U.S. citizens, allowing entrance in case of transit via a third country, notices issued late on Friday by the Chinese embassy […]

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Young shoppers love buy now, pay later. Here's why that might be a problem

New York (CNN Business)Bed Bath and Beyond CEO Mark Tritton is out after only three years at the helm of the rapidly sinking retailer. The beleaguered company announced multiple changes to its leadership Wednesday, including replacing Tritton. In the interim, Bed Bath and Beyond has tapped Sue Grove, an independent director on the company’s board, as its CEO until it […]

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What does the future hold for Chinese companies listed in the US?

Hong Kong (CNN Business)Tencent’s biggest shareholder will reduce its stake in the social media and gaming giant, just over a year after promising it would not sell the stock for three years. Prosus, a spin-off by South African media and internet investment firm Naspers, said Monday it will cut its huge stake in Tencent to fund a share repurchase program. […]

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Gold Futures Settle Lower For 4th Straight Session

Gold futures settled lower on Thursday, extending their slide to a fourth straight session, as the dollar stayed firm amid expectations of aggressive policy tightening by the central bank. The dollar index climbed to 104.55 this afternoon after having dropped to 104.20 earlier in the day. Gold futures for August ended lower by $8.60 or about 0.5% at $1,829.80 an […]

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Germany triggers alarm stage of emergency gas plan as Russian flows drop

BERLIN (Reuters) – Germany triggered the “alarm stage” of its emergency gas plan on Thursday in response to a drop in Russian supplies but stopped short of allowing utilities to pass on soaring energy costs to customers in Europe’s largest economy.FILE PHOTO: Pipes at the landfall facilities of the ‘Nord Stream 1’ gas pipeline are pictured in Lubmin, Germany, March […]

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Earnings Previews: BlackBerry, CarMax, Carnival, FedEx

The three major U.S. equity indexes closed higher Tuesday, with the Nasdaq adding 2.51%, the S&P 500 rising by 2.45% and the Dow Jones industrials closing up 2.15%. Federal Reserve Chair Jerome Powell sits down Wednesday for his first of two reports to Congress, the Senate first and the House on Thursday. Tuesday’s price bounce looked to be just a […]

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Strategist: We're at peak pessimism (and why that's a good thing)

New York (CNN Business)US stocks roared back Tuesday in the first day of trading since the market’s worst week since March 2020. The Dow (INDU) rose 449 points, or 1.5%. The S&P 500 (SPX) was up 2.1% and the Nasdaq (COMP) was 2.5% higher. The holiday-shortened week swung to the upside in early trading as oil prices and other commodities […]

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