Hope is fading for a significant change in U.S.-China relations under President-elect Joe Biden, Alicia Garcia-Herrero, Natixis’ chief economist for Asia-Pacific, said on Thursday. Relations between the U.S. and China have spiraled downward under President Donald Trump’s administration in the last four years. Ahead of the election, Natixis economists had hoped the two countries could return…
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Sports card collecting is having a moment not seen since the 1970s and 1980s. This year saw sales of sports cards at public auction reach all-time highs. Over ten cards sold for $500,000 or more. Two basketball cards sold for $1.8 million each, a Lebron James rookie card and a Giannis Antetokounmpo rookie card. 2020…
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Israeli Prime Minister Benjamin Netanyahu on Sunday said it would be a mistake “to go back to business as usual with Iran,” signaling Israeli resistance to an expected push by President-elect Joe Biden to revive the international nuclear deal with Iran. Netanyahu spoke at a press conference with Robert O’Brien, President Donald Trump’s national security…
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CNBC’s Jim Cramer on Thursday presented a year-end list of what he calls “up stocks” that investors can buy to bet on a market rally through the end of the year. “We call them up stocks, the ones that go up all the time and barely ever go down,” the “Mad Money” host said. The…
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Wall Street forecaster James Bianco warns the new economic lockdowns will hurt the holiday rush. According to Bianco, the fallout from surging coronavirus infections is starting to put consumers on alert due to job market uncertainty — particularly for those who can’t work from home. “Roughly around 30% of the jobs in the American workforce…
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This is the 14th U.S. presidential election in which I’ve been eligible to vote. In the middle of a pandemic, it’s certainly different from the first 13. But one way it’s similar is that people always ask me if they should change their investment strategy depending on whether the Democrats or Republicans win. My quick…
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Investors seeking protection against an uncertain U.S. election could park their money in the Japanese yen, an analyst from Goldman Sachs said on Tuesday. Markets have increasingly warmed up to a “blue wave” in the U.S. elections this week. That’s an outcome where Joe Biden defeats Donald Trump in the presidential race, and Democrats win…
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The number of workers receiving and applying for unemployment benefits declined significantly last week, according to Labor Department figures issued Thursday. That’s good news for workers and the U.S. economy — thousands of people are returning to work and coming off unemployment rolls. But the headline numbers don’t give the full picture. Some labor-market dynamics…
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China’s Huawei Technologies Co Ltd reported a 9.9% rise in nine-month revenue on Friday, as U.S. export restrictions and the global COVID-19 pandemic weakened sales growth in products such as smartphones and telecoms equipment. Revenue reached 671.3 billion yuan ($100.44 billion) over January-September, it said in a statement, without providing a segment breakdown. Revenue grew…
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Jakarta. Indonesia officially launches its first Esports Association on Saturday to nurture professional gamers and introduce regulations for a potential domestic league. The newly-established board of executives is chaired by National Intelligence Agency head Budi Gunawan, who immediately expressed his goal to set up a world-class training center. “We have a lot of works to…
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