People are leaving Hong Kong and here’s where they’re going

People are leaving Hong Kong and here’s where they’re going

They stuck it out during the 2019 political protests. Then they lasted through nearly two years of pandemic. But this year, they say they’ve had enough. Residents of Hong Kong are leaving the city in droves in 2022 – not because they want to, several told CNBC, but because Covid restrictions and what they see … Read more

Why You Should Care About The Price Of Diesel

Why You Should Care About The Price Of Diesel

For the average citizen, it is often not until you fill your tank, stock your fridge, or heat your home that you have a tangible interaction with the global economy. While it is hard to get animated about the Consumer Price Index, the national interest rate, or the performance of the S&P 500, paying twice … Read more

New Zealand’s Ardern urges US to return to regional trade pact | International Trade

New Zealand’s Ardern urges US to return to regional trade pact |  International Trade

New Zealand Prime Minister Jacinda Ardern has urged the United States to rejoin a sweeping trade deal it quit in 2017, in the latest signal by an Asia-Pacific leader that Washington’s efforts to engage the region are falling short. Speaking on a visit to Washington, DC, on Thursday, Ardern said the Comprehensive and Progressive Agreement … Read more

Despite pain at the pump, Americans are hitting the road | Business and Economy News

Despite pain at the pump, Americans are hitting the road |  Business and Economy News

As petrol prices continue to break records in the United States, putting a significant strain on Americans’ wallets and threatening economic growth, analysts predict that pain at the pump will cause some demand destruction in the coming months of the US summer driving season. Oil climbed to a two-month high on Thursday on signs of … Read more

China’s Pacific tour sparks hopes, fears in tiny island nations | Business and Economy News

China’s Pacific tour sparks hopes, fears in tiny island nations |  Business and Economy News

At a carefully choreographed press conference in the Solomon Islands capital of Honiara, Chinese Foreign Minister Wang Yi made a promise that will be bookmarked by diplomats and analysts in capitals around the world. Beijing, he said, had “no intention” of building a military base in the Pacific nation. A month after China and the … Read more

China’s Pacific tour sparks hopes, fears in tiny island nations | Business and Economy News

China’s Pacific tour sparks hopes, fears in tiny island nations |  Business and Economy News

At a carefully choreographed press conference in the Solomon Islands capital of Honiara, Chinese Foreign Minister Wang Yi made a promise that will be bookmarked by diplomats and analysts in capitals around the world. Beijing, he said, had “no intention” of building a military base in the Pacific nation. A month after China and the … Read more

Despite pain at the pump, Americans are hitting the road | Business and Economy News

As petrol prices continue to break records in the United States, putting a significant strain on Americans’ wallets and threatening economic growth, analysts predict that pain at the pump will cause some demand destruction in the coming months of the US summer driving season. Oil climbed to a two-month high on Thursday on signs of … Read more

CEO pay rose 17% in 2021 as profits soared; workers trailed

NEW YORK – Even when regular workers win their biggest raises in decades, they look minuscule compared to what CEOs are getting. The typical compensation package for chief executives who run S& P 500 companies soared 17.1% last year, to a median $ 14.5 million, according to data analyzed for The Associated Press by Equilar. … Read more

Worry about stagflation, a flashback to ’70s, begins to grow

WASHINGTON (AP) – Stagflation. It was the dreaded “S word” of the 1970s. For Americans of a certain age, it conjures memories of painfully long lines at gas stations, shuttered factories and President Gerald Ford’s much-ridiculed “Whip Inflation Now” buttons. Stagflation is the bitterest of economic pills: High inflation mixes with a weak job market … Read more

5 things to know before the stock market opens Thursday

Here are the most important news, trends and analysis that investors need to start their trading day: 1. Stock futures higher as Wall Street looks to break losing streaks Traders work on the floor of the New York Stock Exchange (NYSE) on May 18, 2022 in New York City. Spencer Platt | Getty Images US … Read more