China may chalk up more debt as lockdowns hit the economy

China may chalk up more debt as lockdowns hit the economy

Covid lockdowns have hit China’s economy, and the Asian giant might have to issue more debt to continue meeting its growth target. Kevin Frayer | Getty Images News | Getty Images China may have to issue more debt as it tries to keep growing in the face of Covid lockdowns that are stunting its economy. … Read more

Russia-Ukraine war: G7 leaders pledge to further isolate Moscow | Russia-Ukraine was news

Group of Seven leaders have committed to phasing out dependency on Russian energy, including by banning imports of Russian oil. Leaders of the Group of Seven have committed to phasing out their countries’ dependency on Russian energy as they announced fresh sanctions as part of an “unprecedented” package of coordinated sanctions to punish Russia over … Read more

Peloton, Under Armour, Monster Beverage and more

A Peloton exercise bike is seen after the ringing of the opening bell for the company’s IPO at the Nasdaq Market site in New York City, New York, US, September 26, 2019. Shannon Stapleton | Reuters Check out the companies making headlines in midday trading Friday. peloton — Shares of Peloton dropped 7.7% after The … Read more

Money moves to make before the Fed hikes interest rates again

The Federal Reserve is among Western central banks fighting stubbornly high inflation. Xinhua News Agency | Xinhua News Agency | Getty Images For the first time in years, Americans are in a period of rising interest rates. The Federal Reserve on Wednesday raised its benchmark rate a half-point, to cool down inflation that’s the highest … Read more

State of emergency declared in Sri Lanka as strike halts country | News

Emergency powers allow deployment of troops to maintain law and order in addition to the police force. Sri Lanka’s president has declared a state of emergency for the second time in five weeks, giving security forces sweeping powers as a nationwide strike by angry demonstrators crippled the country. A spokesman for Sri Lankan President Gotabaya … Read more

Workers have been enjoying fatter paychecks. A slowdown may be ahead

Bymuratdeniz | E+ | Getty Images Workers continue to see pay increases at a fast clip, but there are signs of a slowdown ahead. Average earnings for all workers grew by 0.3% in April, to $31.85 an hour, the Labor Department said Friday. That’s a modest reduction from the 0.4% pace in March. It also … Read more

Ron Insana says the Fed is defying logic by trying to create a recession

Federal Reserve Chairman Jerome Powell speaks at a news conference following a Federal Open Market Committee meeting on May 04, 2022 in Washington, DC. Powell announced the Federal Reserve is raising interest rates by a half-percentage point to combat record high inflation. Win Mcnamee | Getty Images Volcker or Vulcan? Whom should the Fed emulate … Read more

The U.S. Barely Recycled Last Year

photo: OLIVIER MORIN/AFP (Getty Images) It’s easy to hate plastic recycling in the US—even for the most conscious consumer. It’s not because we don’t think there should be a circular economy that would reroute plastic items away from landfills. It’s because the US recycling system is broken and complicated. According to a new analysis, we … Read more

A bit rich? Billionaires’ climate efforts draw skepticism, praise | Coronavirus pandemic

Australia’s second-richest person, mining magnate Andrew “Twiggy” Forrest, is known to his admirers as a down-to-earth, straight-shooting businessman cut from the same cloth as self-made billionaires Jeff Bezos and Bill Gates. And like his contemporaries in the United States, Forrest, the chairman of Fortescue Metals, the world’s fourth-largest iron ore producer, has taken on a … Read more

San Jose launches tourism comeback after COVID travel collapse

SAN JOSE — Business leaders launched a quest on Thursday to recapture the mammoth amounts of travel and leisure business that San Jose lost due to coronavirus-linked economic shutdowns. “San Jose is open for business,” said Derrick Seaver, chief executive officer of the San Jose Chamber of Commerce. Yet the comeback trail for San Jose … Read more