U.S.-listed China stocks have undergone a significant decline from their 2021 levels, leading CNBC’s Mad Money host, Jim Cramer, to suggest a potential opportunity to include some of these stocks in one’s portfolio. Following a surprising rate cut by the People’s Bank of China, Cramer expressed his belief that the country is working to stimulate…
(Reuters) -The International Monetary Fund (IMF) reached out to the camps of Argentina presidential candidates Javier Milei and Patricia Bullrich to coordinate meetings, a source close to the fund said on Tuesday. Milei, a far-right libertarian who earlier told local radio about the approach, took the most votes in the primary election over the weekend,…
(Reuters) – Hollywood’s striking writers and major studios have agreed to hold talks on Friday for the first time since their strike began over higher pay demands in May, the Writers Guild of America (WGA) said on Tuesday. The Alliance of Motion Picture and Television Producers (AMPTP), reached out to the WGA and requested for…
By Patrick Wingrove (Reuters) – Amazon.com said on Tuesday its online pharmacy will automatically apply manufacturer-sponsored coupons to more than 15 insulin and diabetes medicines to help patients access discounts pledged by the drug industry. With the new program, patients using Amazon Pharmacy will no longer have to search for and manually enter coupons from…
By Abigail Summerville NEW YORK (Reuters) – Private equity firm Bain Capital on Tuesday agreed to buy Fogo de Chão, in a deal people familiar with the matter said valued the Brazilian steakhouse chain at about $1.1 billion, including debt. The deal marks a win for private equity firm Rhone Capital, which took Fogo de Chão…
(Reuters) – Apollo Global Management is selling off a $500 million term loan given to Yellow Corp and dropping plans to extend financing to fund the freight group’s bankruptcy, the Financial Times reported on Tuesday. The term loan was sold to a fund owned by Citadel, the FT reported. Yellow shares closed down 31% following…
By Pete Schroeder WASHINGTON (Reuters) -U.S. stocks fell and oil slid over 1% on Tuesday as investors renewed fresh concerns over whether the Federal Reserve was done hiking interest rates and the resilience of China’s economy. All three major U.S. equity indexes ended the trading day lower, after a stronger-than-expected report on U.S. retail sales…
By Christopher Bing and Raphael Satter WASHINGTON (Reuters) -Republican U.S. Representative Don Bacon late on Monday said the FBI had warned him that his emails had been hacked by Chinese spies, with both personal and campaign messages compromised. Bacon was told the Chinese Communist Party had access to his accounts for about a month ending…
By Jeff Mason MILWAUKEE (Reuters) -U.S. President Joe Biden said on Tuesday he will travel to Hawaii “as soon as I can” to review recovery efforts from wildfires that swept across Maui and killed dozens of people. Biden, at an economic event in Milwaukee, Wisconsin, did not specifically say he would visit Maui itself, a…
By Patrick Werr CAIRO (Reuters) -Egypt is offering a minimum $5,000 fee for Egyptians living abroad who wish to clear their military service obligations and a U.S. dollar pension plan also aimed at its citizens abroad, in a series of fresh measures designed to boost foreign currency inflows. Over the past few months, state-owned banks…
