This Is Why The China Bubble Never Seems To Pop

Subscribe to Odd Lots (Spotify) Subscribe to Odd Lots (Apple Podcasts) Every week, hosts Joe Weisenthal and Tracy Alloway take you on a not-so-random walk through hot topics in markets, finance, and economics. ShareSubscribeCookie PolicySubscribe to Odd LotsKeep up to date by subscribing to this podcastShare This Is Why The China Bubble Never Seems To PopShare this episode with your friendsCookie PolicyThis player is hosted by Megaphone, a podcast publishing […]

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Australia’s Cotton Areas Shrink to the Least Since the 1970s

For a fresh perspective on the stories that matter for Australian business and politics, sign up for our new weekly newsletter. Australia’s cotton crop area has plunged to the smallest in four decades as years of drought slashed growers’ access to water and prevented planting. As picking in the country finishes for another season, 2019-20 production is estimated to have decreased […]

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Fed Reveals Bond Purchases Including AT&T, UnitedHealth, Walmart

The Federal Reserve bought bonds issued by companies including AT&T Inc., UnitedHealth Group Inc. and Walmart Inc. as part of its emergency lending program set up in response to the pandemic, according to new disclosures. On June 16, the U.S. central bank began purchasing securities of individual issuers as part of a broad index it created to include companies that […]

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L'Oreal to remove words like 'whitening' from skin products

Fox Business Flash top headlines for June 26 Fox Business Flash top headlines are here. Check out what’s clicking on FoxBusiness.com. PARIS — French cosmetics giant L’Oreal said Saturday that it will remove words like “whitening” from its skin care products, a move that comes amid global protests against racism sparked by the death of George Floyd in the United States. […]

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Bar owners worry as virus surges in their workplaces

Fox Business Flash top headlines for June 26 Fox Business Flash top headlines are here. Check out what’s clicking on FoxBusiness.com. HOUSTON — The din of conversation and music that normally fills The Cottonmouth Club in downtown Houston fell silent last Friday when the owners shut it down for a second time during the coronavirus pandemic — a week before the […]

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Zimbabwe Halts Stock Exchange, Mobile Money to Steady Currency

Zimbabwe suspended all monetary transactions on mobile-phone platforms and halted trade on the local stock exchange in an effort to stabilize its currency. The measures come two days after President Emmerson Mnangagwa warned his government will tackle “malpractices” that he said have undermined his government’s efforts to end an economic crisis. Inflation in the southern African nation is at 786%, […]

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Clients Bullish on Stocks and Gold as Stimulus Reigns, OCBC Says

Bullish options trades on U.S. stocks, gold and silver have become popular as investors parse potential outcomes in the recovery from Covid-19, according to OCBC Securities. Institutional clients in particular have been making bets via options on a rise in the price of assets that would benefit in a world awash in cash, according to Keeve Tan, OCBC Securities’ head […]

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Stocks rally despite mounting jobless claims as recovery moves forward

Former Atlanta Federal Reserve president on economic recovery: Things could get worse Former Federal Reserve Bank of Atlanta President and CEO Dennis Lockhart on economic recovery amid coronavirus and projections for unemployment. Stocks rebounded Thursday despite rising weekly unemployment claims that initially deepened market gloom after spikes in new COVID-19 cases. Continue Reading Below Some 1.48 million people filed jobless claims […]

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IMF Downgrades, Pandemic Tightens Grip, U.S. Tariffs: Eco Day

Welcome to Thursday, Asia. Here’s the latest news and analysis from Bloomberg Economics to help you start the day: The International Monetary Fund downgraded its outlook for the coronavirus-ravaged world economy, projecting a significantly deeper recession and slower recovery than it anticipated just two months ago The Covid-19 pandemic is now predicted to kill 180,000 Americans by October, adding to […]

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Investors Are Favoring Companies That Let People Work From Home

Some fund managers are increasingly basing investment decisions in part on how considerate companies are to their employees and clients during the coronavirus pandemic. Did firms move right away to let their staff work from home? Did they continue paying contract employees who had to stop working? Are they offering flexibility for clients who can’t pay bills on time? More […]

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