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The markets are at new highs, so why does it feel like August? The large beats on earnings from companies as diverse as Lockheed Martin, United Technologies, Pulte and Whirlpool are propelling the S&P 500 to a new high. In addition to earnings well above expectations, we see China...
The nationwide opioid epidemic has led to a sharp increase of teens and young adults dying from drug overdoses, according to new research published Thursday. Death rates from drug overdoses for people between the ages of 15 and 24 rose by 19.75% from 2006 to 2015, according to a...
Buy PhotoAmy McKinnon-Glun, left, is team leader at the Curing Corner, which has sued the state of Michigan to extend the deadline under which licensed dispensaries can buy from caregivers. Jake Abraham owns the Sticky Ypsi dispensary in Ypsilanti. (Photo: Robin Buckson, The Detroit News) (Photo: Robin Buckson, The...
FILE PHOTO: Chinese Finance Minister Liu Kun attends a news conference during the ongoing National People's Congress (NPC), China's parliamentary body, in Beijing, China March 7, 2019. REUTERS/Jason LeeBEIJING (Reuters) - China aims to make the Belt and Road initiative sustainable and prevent debt risks, finance minister Liu...
"Let's start with Chicago. I mean, I'm biased, but Chicago is a world class city, right? There is no reason Chicago is not the Hong Kong of the Midwest United States," said Moore, who at the time was chief economist at the Heritage Foundation, a conservative think tank...
CNBC's Jim Cramer on Wednesday said too many Wall Street watchers assumed that businesses' first quarter earnings results would be horrid and now the stock market is rallying on companies besting expectations. Analysts based their 2019 predictions on the Federal Reserve-induced fourth-quarter sell-off and prolonged U.S.-China trade war, but...
Last week, China’s answer to Starbucks, Luckin Coffee, joined the growing ranks of privately held Chinese companies with huge valuations, securing a $2.9bn pricetag after a capital-raising round led by BlackRock. Luckin is now looking to snag an even higher valuation by securing a stock market listing in...
America's population features citizens of pretty much any religious, ethnic, and economic background you could think of, but WalletHub says some parts of the country are much better representations of the nation's diverse citizenry than others. The personal finance site compared 501 of the most populated cities...
Lululemon has a new strategy for its stores. The athletic apparel retailer, known for its yoga pants business, during a meeting with analysts in New York on Wednesday said it has four different types of shops that it's looking to open today, compared with just one prototype five years...

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Volkswagen plans electric vehicle plant with JAC in China: local government

BEIJING (Reuters) - German automaker Volkswagen AG’s joint venture with China’s Anhui Jianghuai Automobile Co (JAC) plans to invest 5.06 billion yuan ($750.8...

Japan’s Finance Minister Urges Reporters to Adopt New Legal Term ‘Crypto Assets’

Japan’s Minister of Finance and deputy prime minister Taro Aso has urged reporters to stop using the term virtual currencies and switch to...