China is the last major market to resume flying the MAX amid ongoing trade tensions with the United States.
The Davos elite like to make bold predictions. But they don’t always get them right
The World Economic Forum in Davos, Switzerland, kicks off next week. Here’s a recap of some of the calls made at the high-profile meeting in recent years.
China to allow Didi apps back online, in latest sign of regulatory thaw, sources say
Didi has been awaiting authorities’ approval to resume new user registrations and downloads of its 25 banned apps as a key step to resume normal business.
JPMorgan tops estimates for fourth-quarter revenue, but says mild recession is now ‘central case’
JPMorgan, the biggest U.S. bank by assets, now expects a recession as its most likely scenario.
A stablecoin collapse could spill into the U.S. bond market and economy, professor warns
While there are no signs of major stablecoins collapsing, an economics professor at Cornell University says it’s something regulators are worried about.
Sweden finds Europe’s largest deposit of rare earth metals, which could become ‘more important than oil and gas’
Swedish mining company LKAB discovered one million metric tons of rare earth oxides, which are used in electric vehicles and wind turbines.
China’s exports slump less than expected in December
Strong exports bolstered China’s economy in the last two years. But economists anticipate a slowdown in demand from the U.S. and Europe.
South Koreans are the world’s biggest spenders on luxury goods
Morgan Stanley says South Koreans spend more on luxury goods per capita than even American or Chinese nationals.
Lisa Marie Presley dies at 54 after hospitalization
Lisa Marie Presley — the only child of Elvis Presley — died Thursday after being hospitalized earlier that day, her mother said in a statement.
Powerful storms slam South; at least 6 killed in Alabama
A giant, swirling storm system billowing across the South killed at least six people Thursday in central Alabama.