China’s consumer price inflation saw a meager rise of 0.2% in June compared to the previous year, failing to meet expectations set by analysts. The consumer price index was anticipated to increase by 0.4% year-on-year, indicating a significant shortfall. On the other hand, the producer price index, reflecting factory-gate prices, fell by 0.8% from the
Finance
The uncertainty surrounding President Joe Biden’s decision on seeking reelection is a headline that is currently making the rounds. Stifel, a prominent financial firm, has predicted a 40% chance that Biden will not run for another term. This prediction has raised questions about the effectiveness of Biden’s campaign as Congress resumes its activities post the
Summer is synonymous with road trips, and with a record 70.9 million Americans expected to travel by car during the July 4th holiday week alone, the question of whether to rent a vehicle for your road trip becomes more relevant. According to experts, there are various factors to consider when making this decision. Vehicle Capacity
China is currently in discussions with the European Union regarding the bloc’s planned tariffs for imported Chinese electric cars. The European Commission had previously announced the possibility of imposing additional duties on Chinese EVs if negotiations were unsuccessful. With a looming deadline of July 4, tensions are rising as both parties aim to find a
The market for initial public offerings in Hong Kong is expected to witness a significant improvement over the next five years, according to George Chan, global IPO leader at EY. Despite facing challenges such as high U.S. interest rates, regulatory scrutiny, slower economic growth, and U.S.-China tensions in recent years, Chan remains optimistic about the
The American Reshoring ETF, managed by Maurits Pot, is placing its bet on a potential resurgence of U.S. manufacturing jobs. Pot believes that we are witnessing the early stages of what some may call “deglobalization,” with an emphasis on job creation, manufacturing, and the reshoring of local manufacturing jobs. Launched in May 2023, the American
Tungsten, known for its hardness and high energy density, plays a crucial role in various industries, including weapons, autos, electric car batteries, semiconductors, and industrial cutting machines. While China dominates the supply chain for many critical minerals, it has not imposed sweeping restrictions on tungsten, unlike other materials. This has made tungsten a diplomatic metal
The concept of passion tourism has gained traction in recent years, with individuals traveling far and wide to witness events that align with their personal interests. Whether it be attending a music concert, a sporting event, or a cultural festival, passion tourism is driven by one’s passion for a particular activity or event. Travel experts
The stock market recently witnessed a surge in Chewy shares after meme stock trader “Roaring Kitty,” also known as Keith Gill, disclosed his purchase of over 9 million shares, representing a 6.6% stake in the pet food e-commerce company. This significant investment catapulted him to the position of the third-largest shareholder in Chewy, with his
The market has been optimistic about the potential bullish move for both value and growth stocks in the second half of the year. There is a growing sentiment that value stocks, which have been lagging behind in the market, could see an upturn. According to Todd Rosenbluth, the head of research at VettaFi, the annual