Economy
Influencer-marketing and digital-talent firms are getting scooped up like crazy this year, even as other creator-economy companies have failed to live up to their valuations.Some deals have involved buyers with big pockets. French ad holding company Publicis Groupe, which has a market cap of around $27 billion, announced it acquired…
Russia’s biggest problem isn’t related to sanctions or its diminished energy trade. Its greatest dilemma is that it is losing its mostly highly skill workers, who are fleeing amid the third year of grinding conflict in Ukraine.Richard Portes, an economist at the London Business School, foresees a grim future ahead…
People are still flocking to Florida — and it could help residents ride out a potential economic slowdown.Economists at Wells Fargo wrote in a report published on August 27 that they expect the Sunshine State’s economy to fare better than the national average in the case of a slowdown, as…
BEIJING (Reuters) – China’s nascent low-altitude economy – made up of manned or unmanned aviation services at low elevations – has captured investors’ interest but many lack information and guidance about how the sector could develop, an industry group said on Tuesday. Initial plans for China’s low-altitude economy often refer…
Here’s something you don’t usually expect: partisans speaking at the convention of the opposing political party.It’s just one indication of what Vice President Kamala Harris and the Democrats are really after between now and Election Day: the vote of both independents and disillusioned Republicans.Even before Harris was the party’s nominee,…
By Ethan Wang and Ryan Woo BEIJING (Reuters) – A Chinese mother went on television to seek justice for her 19-year-old intellectually disabled son after scammers tricked the desperate jobseeker into having breast augmentation surgery, in an incident that has sparked widespread outrage. The teenager hoping for a job at…
A look at the day ahead in U.S. and global markets from Mike Dolan The U.S. economy is doing just fine and markets now accept a quarter-point rate cut from the Federal Reserve next month will be enough to get the easing cycle going as disinflation resumes. That was the…
The equity market has remained volatile over the past 24 hours, with both the S&P 500 and the tech-heavy Nasdaq index closing 1% higher on Tuesday, rebounding from a 3% drop in the S&P 500 on Monday. Meanwhile, the VIX implied volatility index fell to around 28 after spiking above…
Russia’s economy is booming, and some people are spending generously, sending prices up.Russia posted 3.6% GDP growth last year. The unemployment rate hit a record low of 2.6% in April, as men continued heading to the war’s front amid a brain drain. The labor crunch has driven up wages, contributing to high…
Given the current backdrop marked by political turmoil and the upcoming U.S. elections, Wells Fargo strategists believe investors should keep their focus on economic trends rather than the unpredictable outcomes of the political landscape. “The economy’s trend seems to be a clearer signal for an investor than trying to predict…
