China sets modest GDP target as it faces regional tensions and an ageing population | China
China has set a GDP growth target of 5% and expects another year of historic growth, in line with analysts’ expectations. Modest economic ambitions amidst regional tensions and a demographic crisis. Chinese Premier Li Qiang released his annual government work report on Tuesday and spoke about the “challenges” facing China’s leaders. He cited global economic […]
UK regional growth gap to widen as London pulls further ahead | Economic growth (GDP)
The report says that despite the government’s promise to raise standards, London’s economy is moving further ahead and Britain’s sharp regional disparities are set to worsen. On Wednesday, ahead of Treasurer Jeremy Hunt’s Budget, accountancy firm EY said London and large areas of south-east England were forecast to experience stronger economic growth than the rest […]
Girl Scouts ‘regret any hurt caused’ by regional council trying to stop troop’s pro-Palestinian fundraiser
The Girl Scouts of the USA (GSUSA) has issued a statement apologizing for the controversy surrounding a troop that was told it couldn’t sell handmade bracelets for a pro-Palestinian fundraiser. Instead of selling traditional cookies, kids from Girl Scout Troop 149 in St. Louis, Missouri, decided last month to make bead bracelets to raise money […]
Real estate pain for US regional banks is piling up, investors warn
Charles Schwab’s chief investment strategist predicts the future of local banks amid New York Community Bancorp’s lawsuit over Claman Countdown. New York Community Bancorp’s commercial real estate exposure has increased investor scrutiny of local banks, with investors expected to face further pain for banks with office and multifamily real estate loans. There is also. A […]
Six regional pizza varieties you may not know about (but should)
Pizza was brought to North America by an influx of Italian immigrants in the late 1800s, but it really became popular after World War II, according to sources such as the National Park Service. Since then, certain regions of the country have put their own spin on the delicious food. As Detroit-style pizza continues to […]
Regional bank hit with third credit downgrade as crisis concerns linger
Julia Coronado, founder and president of MacroPolicy Perspectives, talks on Making Money about whether a new local banking crisis is on the horizon. new york community bank Nearly a year after the local banking sector was hit by a crisis that triggered the largest bank failure in U.S. history, (NYCB) is closing for the third […]
New York Community Bancorp downgrade stokes fears of regional bank failures
New York Community Bancorp (NYCB) stock fell Wednesday morning after Moody’s Investors Service late downgraded the company’s rating to investment grade, the lowest possible rating. . NYCB’s stock price fell nearly 14% early Wednesday following the downgrade, which Moody’s blamed on the bank’s “multifaceted financial, risk management and governance challenges.” The bank’s stock had recovered […]
With the US looking elsewhere, Uzbekistan and China quietly cement a regional alliance
While the United States, Russia, and Europe simultaneously seek to defuse (or worsen) the crises in Ukraine, Iraq, Syria, Israel/Gaza, the Persian Gulf, and the Red Sea/Yemen, Uzbekistan and China have quietly strengthened their partnership. President of Uzbekistan Shavkat Mirziyoyev State visit He will travel to China from January 23rd to 25th and visit Beijing […]
New York Community Bank shares slide in fallout from regional bank crisis
QI Research CEO and Chief Strategist Daniel DiMartino Booth discusses concerns about the stability of local banks when it comes to “making money.” New York Community Bank stock price slide The stock continued to rise on Thursday as it faced a possible downgrade from Moody’s after posting an unexpected loss and announcing a dividend cut. […]
Pentagon Says Message to Iran Is ‘We Don’t Seek a Regional Conflict’
The Pentagon said Thursday that the message to Iran, which has been funding proxy attacks against U.S. troops, warships and commercial vessels in the Middle East, is that the United States does not seek regional conflict. When asked by a reporter at a press conference what the Pentagon's message is to Iran, Deputy Defense Press […]