coronavirus

China fuels markets as protests erupt over Covid lockdowns |  CNN Business

China fuels markets as protests erupt over Covid lockdowns | CNN Business

hong kong CNN Business — China’s major stock indexes and its currency opened sharply lower on Monday as widespread protests over the country’s tough Covid-19 restrictions over the weekend rattled investor sentiment. Hong Kong Hang Seng Index (HSI) fell 4.2% in early trading. It has since pared some losses and last traded 2% lower. The …

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Apple has a huge problem with its supplier's iPhone factory in China |  CNN Business

Apple has a huge problem with its supplier’s iPhone factory in China | CNN Business

hong kong CNN Business — A violent uprising by workers at the world’s largest iPhone factory in central China this week further clouds Apple’s strained supply chain and highlights how the country’s tough zero Covid policy is harming to global technology companies. The unrest began last month when workers left the factory campus in Zhengzhou, …

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Workers at world's largest iPhone factory in China clash with police, videos show |  CNN Business

Workers at world’s largest iPhone factory in China clash with police, videos show | CNN Business

Beijing/Hong Kong CNN Business — Workers at China’s largest iPhone assembly plant were seen confronting police, some in riot gear, on Wednesday, according to videos shared on social media. Videos show hundreds of workers confronting law enforcement officers, many wearing white hazmat suits, at the Foxconn campus in China’s central city of Zhengzhou. In the …

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Global investors bullish on China again as Beijing shifts to damage control |  CNN Business

Global investors bullish on China again as Beijing shifts to damage control | CNN Business

hong kong CNN Business — Market sentiment on Chinese stocks hit rock bottom just weeks ago after President Xi Jinping secured a historic third term in office and piled his best team with loyalists in a sweep not seen since Mao era. But last week, a series of unexpected moves from Beijing — the easing …

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Americans have been warned to prepare for the highest Thanksgiving gas prices EVER as millions hit the road

Americans have been warned to prepare for the highest Thanksgiving gas prices EVER as millions hit the road

Americans could face the highest gas prices ever for the Thanksgiving holiday season, as millions prepare to hit the road amid still-high prices and inflation. The national average price of a gallon of gasoline is expected to hit $3.68 next Thursday, November 24, as Americans gear up for the holiday. That number is 30 cents …

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Total household borrowing reached $16.51 trillion in the third quarter, an increase of $351 billion from the previous quarter and an 8.3% jump from a year ago

US household debt climbs to $16.5 trillion, biggest jump since 2008

US household debt soars to $16.5 trillion – an 8.3% rise in the fastest rise since 2008 – as inflation pushes Americans to tap lines of credit to afford rising prices U.S. household debt has risen 8.3% in the past year, the fastest pace since 2008 Total household borrowing hit $16.51 trillion in the third …

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Singles' Day Sales in China Could Surpass 1 Trillion Yuan Even as Economy Cools |  CNN Business

Singles’ Day Sales in China Could Surpass 1 Trillion Yuan Even as Economy Cools | CNN Business

hong kong CNN Business — Singles Day in China, the largest in the world annual trade event, is known for regularly breaking sales records. This year’s windfall, which ends Friday and is led by internet titans Alibaba (BABA) and JD.com (JD), is likely to be no exception: first time. Singles Day typically eclipses two of …

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