This is what both Suze Orman and Ramit Sethi say you should do now if you’re worried about inflation

This is what both Suze Orman and Ramit Sethi say you should do now if you’re worried about inflation

MarketWatch has highlighted these products and services because we think readers will find them useful. We may earn a commission if you buy products through our links, but our recommendations are independent of any compensation that we may receive. If you’re worried about inflation right now, you’re not alone. “The rate of inflation in the … Read more

Top Steel Stocks for Q4 2021

Top Steel Stocks for Q4 2021

The steel industry is part of the basic materials sector and consists of companies involved in steel production, mining, and related activities. Although steel historically has been a major U.S. industry, the number of steel mills that produce the metal has declined sharply in the past several decades due to foreign competition. Some of the … Read more

A Big Pharma CEO Is Battling Wall Street’s Most Feared Fund

A Big Pharma CEO Is Battling Wall Street’s Most Feared Fund

(Bloomberg) — One afternoon in mid-April, Emma Walmsley, the chief executive officer of GlaxoSmithKline Plc, logged into what could be one of the most important video conferences of her career. A few days earlier Elliott Investment Management, the U.S.-based activist fund, had contacted the drugmaker’s chairman, Jonathan Symonds, with some alarming news. Without GSK’s knowledge, … Read more

China’s Iron Ore Imports Hit Record in Boost to Australia

China’s Iron Ore Imports Hit Record in Boost to Australia

(Bloomberg) — The value of China’s iron ore imports hit new heights in August even as policymakers try to cut steel production and calm commodity prices, likely boosting Australia’s exports despite the tensions between the two nations. China imported iron ore worth a record $20 billion in August, according to government data released Tuesday, as … Read more

Chinese Developer Oceanwide Weighs Office Sale for $3 Billion

Chinese Developer Oceanwide Weighs Office Sale for $3 Billion

(Bloomberg) — Chinese real estate firm Oceanwide Holdings Co. is seeking to offload its main office complex in Beijing, according to people familiar with the matter, in a bid to raise cash after a unit defaulted. The company has been in talks to sell the Minsheng Financial Center in the heart of Beijing to China … Read more

SoftBank Soars After Stock Swap Deal With Deutsche Telekom

SoftBank Soars After Stock Swap Deal With Deutsche Telekom

(Bloomberg) — SoftBank Group Corp. surged the most in nine months after unveiling a deal to acquire 4.5% of Deutsche Telekom AG and sell part of its stake in T-Mobile US Inc. to the German telecommunications carrier. The Japanese investment giant announced a complicated deal under which it will swap T-Mobile shares for an initial … Read more

China Trade Surges to New Records on Strong U.S., EU Demand

China Trade Surges to New Records on Strong U.S., EU Demand

(Bloomberg) — Supply Lines is a daily newsletter that tracks trade and supply chains disrupted by the pandemic. Sign up here. China’s export growth unexpectedly surged in August as suppliers likely boosted orders ahead of the year-end shopping season, offsetting any port disruptions due to fresh outbreaks of the delta virus. Exports rose 25.6% in … Read more

Chinese Technology Stocks Jump After Tencent Buys Back Shares

Chinese Technology Stocks Jump After Tencent Buys Back Shares

(Bloomberg) — Chinese technology stocks rallied to their highest level in more than a month after a new round of share buybacks by Tencent Holdings Ltd boosted market sentiment. The Hang Seng Tech Index advanced as much as 2.3% on Tuesday to the highest since late July, extending gains from last month’s low to almost … Read more