China growth hopes rest on troubled local government financing vehicles

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If the Chinese government is able to reach its economic growth target of 5.5 per cent this year, it will be due in part to retail investors such as Jane Song. In May, Song invested Rmb200,000 ($29,600) in a fixed-income wealth management product issued by a local government financing vehicle in eastern Shandong province. A … Read more

Apple forecasts faster sales growth, strong iPhone demand despite glum economy

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July 28 (Reuters) – Apple Inc (AAPL.O) on Thursday said parts shortages are easing and that demand for iPhones is unceasing despite consumers tightening other spending, helping it top Wall Street expectations and forecast faster sales growth ahead. The Silicon Valley giant’s shares rose 3.5% after hours following the release of the results. Though macroeconomic … Read more

Amazon stock jumps 12% as sales beat and AWS growth overcome a second straight quarterly loss

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Amazon.com Inc. decided to cut back after years of pouring money into growth, and the result was a second consecutive quarterly loss, but a beat on sales and continued strong growth from Amazon Web Services helped push the stock higher in after-hours trading Thursday. Amazon AMZN, +1.08% reported a second-quarter loss of $2 billion, or … Read more

Amazon stock jumps 14% as sales beat and AWS growth overcome a second straight quarterly loss

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Amazon.com Inc. decided to cut back after years of pouring money into growth, and the result was a second consecutive quarterly loss, but a beat on sales and continued strong growth from Amazon Web Services helped push the stock higher in after-hours trading Thursday. Amazon AMZN, +1.08% reported a second-quarter loss of $2 billion, or … Read more

US economy enters technical recession after growth tumbles 0.9% in the second quarter

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FOX Business’ host Larry Kudlow reacts to the final GDP reading for the first quarter, arguing that the U.S. is ‘probably on the front-end of a recession.’ The U.S. economy shrank in the spring for the second consecutive quarter, meeting the criteria for a so-called technical recession, as raging inflation and higher interest rates forced … Read more

Enphase sees strong solar growth in Europe as natural gas prices soar

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Workers install solar panels on the roofs of homes under construction south of Corona, California. The California Energy Commission in May 2018 adopted new energy building standards requiring solar panels for virtually all new homes built in the state starting in 2020. MediaNews Group/Inland Valley Daily Bulletin via Getty Images | Digital First Media | … Read more

Microsoft Shares Rise on Upbeat 2023 Sales Growth Forecast

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(Bloomberg) — Microsoft Corp. gave an upbeat sales forecast for the fiscal year that just began, easing investor concerns about growth that had flared up following a lackluster fourth-quarter earnings report. Shares jumped more than 5% in late trading, reversing earlier declines. Most Read from Bloomberg On a conference call Tuesday, the software giant said … Read more

IMF slashes global growth forecast and raises inflation projections

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The IMF has slashed its global growth forecasts and raised its projections for inflation, warning that the risks to the economic outlook are “overwhelmingly tilted to the downside”. The downgraded estimates, released on Tuesday, come as the world grapples with the fallout from Russia’s invasion of Ukraine, prolonged disruptions caused by the coronavirus pandemic and … Read more

Ron Rivera is confident in Commanders’ growth as third training camp nears

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Comment on this story Comment Ron Rivera has confidence — confidence in a process and in a roster he thinks could contend. It was only a year ago, when Washington opened training camp in Richmond, that the coach expressed a mix of hope and concern for the start of the new season. Sure, his 2020 … Read more

United Airlines CEO Sees 3 Roadblocks To Growth – Live and Let’s Fly

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United Airlines CEO Scott Kirby sees three concerns that he warns constitute roadblocks to growth, even as United enjoys a return to profitably and strong demand for air travel. United Airlines CEO Explains A Trio Of Roadblocks To Growth In a memo to employees and again during an investors’ call over United’s Q2 financial results, … Read more