The New York Stock Exchange welcomes Zeekr Intelligent Technology Holding Limited in celebration of its initial public offering on May 10, 2024.BEIJING โ Chinese electric car brand Zeekr announced new batteries on Tuesday, which it says boast the fastest charge in the world.The offering aims to address consumers' long-standing worries...
Category: Finance
The unemployment insurance program is unprepared for a recession, experts say
Job seekers attends the JobNewsUSA.com South Florida Job Fair on June 26, 2024 in Sunrise, Florida.Joe Raedle | Getty ImagesRenewed fears of a U.S. recession have put a spotlight on unemployment.However, the system that workers rely on to collect unemployment benefits is at risk of buckling โ as it did...
Italy looks like fertile ground for a mega merger deal in banking
Banking analysts assess the possibility of a banking merger in Italy.Bloomberg | Bloomberg | Getty ImagesMILAN, Italy โ European policymakers have longed for bigger banks across the continent.And Italy might be about to give them their wish with a bumper round of M&A, according to analysts.Years after a sovereign debt...
Consumer giants from Starbucks to General Mills have one big sales problem: China
Pictured here is a McDonald's store in Yichang, Hubei province, China, on July 30, 2024.Nurphoto | Nurphoto | Getty ImagesBEIJING โ A theme emerging in the latest slew of U.S. companies' earnings reports is a drag from the China market.The Chinese economy โ home to more than four times the...
ETF inflows set record high in July, State Street Global Advisors finds
It's a July for the record books.State Street Global Advisors finds inflows into exchange-traded funds hit $127 billion. Not only was it the best July ever, but the firm's head of SPDR Americas research notes it is also the second-largest monthly inflow ever."Part of it is just the market," Matt...