Mainland Chinese stocks rose on Monday morning, as data showed that the country’s industrial output and retail sales rose more than expected in November. The Shanghai composite edged up, and the Shenzhen component jumped 0.81%. The Shenzhen composite was up 0.82%, while Shenzhen’s Nasdaq-style start-up board ChiNext jumped 1.14%. Hong […]
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Hallmark says it’s ‘truly sorry’ after pulling ads of same-sex couples, hopes to reinstate Zola ads
Zola ad of same-sex marriage. Courtesy of Zola Hallmark has reversed course on its decision to pull ads depicting same-sex couples from wedding website Zola. The company had removed the commercials from the Hallmark Channel after One Million Moms, a division of the conservative American Family Association that defines its […]
US special envoy for North Korea calls on Pyongyang to respond to calls for talks
U.S. special representative for North Korea Stephen Biegun talks with South Korea’s Special Representative for Korean Peninsula Peace and Security Affairs Lee Do-hoon during a meeting to discuss North Korea nuclear issues at the Foreign Ministry on October 29, 2018 in Seoul, South Korea. Ahn Young-Joon – Pool | Getty […]
Chinese stocks muted despite renewed optimism with phase one US-China deal ‘totally done’
Chinese stocks followed other Asian markets in having a muted reaction to news that China and the U.S. announced they were finally set to sign off on a phase one trade agreement. The Shanghai composite was flat in early trade and the Shenzhen component gained 0.32%. The Shenzhen composite was […]
Major Asia stocks mixed despite renewed optimism with phase one US-China deal ‘totally done’
Markets in Asia were mixed in early trade on Monday, as trade optimism soared with China and the U.S. announcing they are finally set to sign off on a phase one trade agreement. Australia’s S&P/ASX 200 jumped 1%, led by banks and major miners. However, Japan’s Nikkei 225 was flat, […]
Schumer proposes Bolton, Mulvaney testify in Senate impeachment trial
Senate Minority Leader Chuck Schumer, a Democrat from New York. Andrew Harrer | Bloomberg | Getty Images Senate Minority Leader Chuck Schumer has made an offer to Senate Majority Leader Mitch McConnell on the parameters of an impeachment trial for President Donald Trump in that chamber that include calling former […]
With Xi’s backing, China looks to become a world leader in blockchain as US policy is absent
Chinese President Xi Jinping Aris Messinis | Pool | Reuters China is poised to take the lead in blockchain after it was given strong backing by the country’s leader President Xi Jinping, experts told CNBC. The move could allow the world’s second-largest economy to control the development of the nascent […]
Boeing reportedly nears decision on cutting or halting 737 Max production
Boeing 737 MAX airplanes, along with one Boeing 787 at top, are parked at Grant County International Airport October 23, 2019 in Moses Lake, Washington. Boeing reported that its profits were down by more than half in the latest quarter. David Ryder | Getty Images Boeing is weighing a halt […]
Comey admits he was wrong about Carter Page wiretap: ‘There was real sloppiness’
James Comey Samuel Corum | Anadolu Agency | Getty Images Former FBI director James Comey admitted on Sunday that he was “overconfident” in the process used by the bureau to obtain a court-ordered wiretap of a former Trump campaign aide. The Justice Department’s Inspector General found serious errors with the […]
Behind Walmart’s push to eliminate 1 gigaton of greenhouse gases by 2030
Niloo138 | iStock Editorial | Getty Images As the climate crisis facing the planet becomes more immediate — fueled by powerful images that include devastating floods in Venice and uncontrollable wildfires in the Amazon — companies are waking up to the role they play in climate change and announcing plans […]