China’s retail sales and industrial production beat expectations in August – CNBC | Wordy Zone

August was marked by extremely hot temperatures in parts of China, leading to temporary power rationing in some regions. Seen here on August 24, 2022, Chongqing’s downtown skyline with some lights turned off to conserve energy during the heatwave. vcg | Visual China Group | Getty Images BEIJING — China on Friday reported data showing … Read more

European markets wipe out gains after US inflation data comes out hotter than expected – CNBC | Wordy Zone

US stock futures fall sharply after hot inflation report Stocks on the move: Futures up 8%, Ocado down 10% Shares in Future Plc rose 8.7% on early afternoon trades, topping the Stoxx 600 after the British media company forecast full-year adjusted operating profit would be at the higher end of market expectations. At the bottom … Read more

A housing bubble and Kim Kardashian: More worrying news for the markets – Barron’s | Wordy Zone

What better sign of a market spike than when celebrities pounce on it? Especially celebs whose main talent is appealing to the public’s tastes, or lack thereof. While they may be keen on what’s happening in fashion, music, or movies, they can be late to cling to financial trends, with which their only connection is … Read more

Facebook and Snap Stock are both cheap. Why stocks can still struggle. – Barrons | Wordy Zone

Social media is possibly the most influential innovation of the 21st century. In 2022, if an event doesn’t make it onto a social feed, it’s never really happened, like the tree falling in a forest, without being around to hear it. But 20 years after Friendster launched the industry, something else has become clear about … Read more

Chinese stocks could plummet 20% if housing woes get worse, says Morgan Stanley – CNBC | Wordy Zone

This summer, homebuyers’ mounting concerns about home completions brought problems in China’s massive real estate sector — and concerns about spillover to the rest of the economy — back to the fore. Future Publishing | Future Publishing | Getty Images BEIJING — China’s struggling real estate sector could take a major toll on the economy … Read more

China will convene a historic meeting on October 16. Here’s what to expect – CNBC | Wordy Zone

Chinese President Xi Jinping is widely expected to further consolidate his power at a biannual congress this fall. He is pictured here at an inauguration ceremony for Hong Kong Chief Executive John Lee on July 1, 2022. Bloomberg | Bloomberg | Getty Images BEIJING — China’s leaders are due to convene in Beijing Oct. 16 … Read more

The housing market is in a recession. What it means for homebuyers. – Barrons | Wordy Zone

text size Homes in Hercules, California. The Bay Area sees real estate price growth falter. David Paul Morris/Bloomberg In a matter of months, the pandemic’s blistering housing market has cooled and recently entered what some economists have dubbed a housing recession. The slowdown will have a negative impact on the economy but could present opportunities … Read more

5 things to know before the stock market opens on Monday – CNBC | Wordy Zone

Traders work the floor of the New York Stock Exchange (NYSE) on August 17, 2022. Brendan McDermid | Reuters Here is the key news investors need to start their trading day: 1. Stock futures down The summer rally has entered its dog days. US stock markets were poised to open lower on Monday even after … Read more

Real Estate Financialization Is The Problem, Bitcoin Is The Solution – Bitcoin Magazine | Wordy Zone

This is an opinion editorial board Jeremy, an advisor to Escape to El Salvador, a community of professionals who help expats gain residency and citizenship in El Salvador. In recent years, much has been made of so-called “crypto-colonizers” moving to the developing world and taking advantage of affordable housing and other amenities from underprivileged locals. … Read more

Chinese real estate developers’ cash flows plummet by more than 20% – CNBC | Wordy Zone

Analysts generally expect state-owned companies to do better than non-state developers in the recent housing crisis. Pictured here in Guangxi, China, August 15, 2022 is a real estate complex developed by state-owned conglomerate Poly Group. Future Publishing | Future Publishing | Getty Images BEIJING – Chinese property developers’ cash flows – a sign of the … Read more