Recent Posts

Walmart confronts reshaped Covid world

American shoppers are learning to live in a world where Covid-19 is ever-present. They may not like it, but they’re adjusting. It won’t be as easy for retailers such as Walmart Inc and Home Depot Inc to figure out, though. Walmart reported strong quarterly results, including an extra $4 billion of sales above what analysts had been projecting. Still, laced ...

Read More »

Powell’s Jackson Hole speech came too early

At times, history has been made at Jackson Hole, as the world’s central bankers gaze at the snow-dusted Tetons, coffee cups in hand, to discuss the most pressing economic issues of the day. It’s where Alan Greenspan gave his famous speech explaining why monetary policy shouldn’t be used to prick stock market bubbles, and where, about a decade later, Ben ...

Read More »

JD.com surges after sales beat allays tech crackdown fears

Bloomberg JD.com Inc’s shares soared as much as 10.5% after the e-commerce giant reported revenue that beat estimates, defying a crackdown on the Chinese internet sector that has depressed growth across the industry. The e-commerce giant’s shares gained by the most in almost a month in Hong Kong after it posted a better-than-expected 26% rise in revenue to 253.8 billion ...

Read More »
Send this to a friend