From political folly to looming crises, investors are betting on collapse — and turning to gold as their safe haven.
Tag: stock market
The Shanghai stock market soared following the announcement of an economic recovery plan, but then ran out of steam. It’s a symbol of the Chinese people’s wavering confidence amid mounting crises and Xi Jinping’s grab for absolute power.
Updated Feb. 8, 2024 at 1:00 p.m. On this day in 1971, NASDAQ, the world’s first electronic stock market was created in New York City. What is NASDAQ? The NASDAQ (National Association of Securities Dealers Automated Quotations) is an American stock exchange. The NASDAQ is operated and owned by the Nasdaq, Inc. and it is […]
The effects of the fall of Silicon Valley Bank show the limits of the tech world, but also the current fragility of the international financial system a generation after the 2008 global financial crisis that was sparked by U.S. bank failures.
Consumers are convinced. Wall Street is buoyant. Demand around the world for app-based services is booming, with entire nations stuck at home during COVID-19 lockdowns and the prospect of goods and services at their door with just a click. As the so-called “Gig Economy” spreads alongside the pandemic, society has struggled to keep up. • […]
Twenty years ago, Hamdi Ulukaya, a Kurdish shepherd born in Turkey, grew tired of eating nothing but yogurt, so he came down from the mountains to seek his fortune in New York. For 10 years, he lived the hard life of an immigrant, and over time, came to miss the very yogurt he had once […]
China’s President Xi Jinping is featured three times on today’s front page of Chinese state-owned newspaper People’s Daily. Xi arrived in Ufa, Russia on Wednesday for a flurry of diplomatic activity ahead of the BRICS and Shanghai Cooperation Organization (SCO) summits. The Chinese leader is pictured shaking hands with Russian President Vladimir Putin and Indian […]
Over the past 30 years, while China opened up to the outside world, the Chinese business community has gradually accumulated more and more knowledge of the world as well. Access to the World Trade Organization and modern information technology also helped speed along that process of global understanding. Still, there are limits. Since the vast […]
REUTERS, THE GUARDIAN (UK) Worldcrunch LONDON — Oil prices have risen to a five-month high, stock share prices are falling, and demand for safe-haven assets has risen amid international fears about the Syrian crisis and the anticipation of U.S. and possibly European military intervention there, Reuters reports. After U.S. Secretary of State John Kerry said […]