Huge waiting lines are seen in front of jewelry retailer stores at Yu Garden in Shanghai, China, on May 17, 2025, as the city offers consumption vouchers to stimulate consumer spending.Nurphoto | Nurphoto | Getty ImagesChina’s retail sales growth accelerated in May, data from National Bureau of Statistics showed Monday, in part helped by the two public holidays that fell in last month.Retail sales last month jumped 6.4% from a year earlier, sharply beating analysts’ estimates for a 5% growth in a Reuters poll and rising from the 5.1% growth in the previous month.Growth in industrial output slowed to 5.8%…
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Fire and smoke rise into the sky after an Israeli attack on the Shahran oil depot on June 15, 2025 in Tehran, Iran. Getty Images | Getty Images News | Getty Images Israel’s airstrikes on Iran Friday sent reverberations through financial markets.Oil prices jumped on fears that supply from Iran, the world’s ninth-largest oil producer in 2023, would be disrupted.Prices of gold, the stalwart shelter in times of crises, rose. Investors flock to the precious metal amid uncertainty because it serves as a stable store of value that is mostly resistant against exogenous shocks, such as inflation or geopolitical conflicts.And…
Beijing Central Business District, mix of offices and apartmentsIspyfriend | E+ | Getty ImagesAsia-Pacific markets rose Monday, as investors assessed escalating Israel-Iran tensions, while awaiting a slew of data from China.Oil prices jumped as Israel and Iran exchanged strikes, while gold prices rallied, as investors sought refuge in the safe haven metal with equity markets sliding globally. The attacks continued over the weekend.Japan’s benchmark Nikkei 225 added 0.87%, while the broader Topix index advanced 0.92%.In South Korea, the Kospi index climbed 0.55%, while the small-cap Kosdaq added 0.31%.Australia’s S&P/ASX 200 was up 0.24% in early trade.Investors will be keeping a close watch on Chinese markets as the Asian superpower…
Customers look at clothes advertising discounts of 80% or 70% in a supermarket in Hangzhou, Zhejiang province, China, on June 9, 2025.Cfoto | Future Publishing | Getty ImagesBEIJING — China’s consumer spending shows little sign of picking up soon, given uncertainty about future wealth, changing preferences and lack of a social safety net.It’s been four straight months of declining consumer prices, consumer confidence is hovering near historic lows, and the real estate market is struggling to turn around. Analysts repeatedly point to one main factor: stagnant income.Disposable income in China has halved its pace of growth since the pandemic hit…
Traders wait for Voyager Technologies to begin trading during the company’s IPO at the New York Stock Exchange (NYSE) in New York City, U.S., June 11, 2025. Brendan McDermid | ReutersStock futures wavered before Monday’s session as the escalating conflict between Israel and Iran spiked oil prices and raised investors’ concerns about the global economy.Dow Jones Industrial Average futures shed 56 points, or 0.1%. S&P 500 futures lost 0.1%, while Nasdaq 100 futures traded around their flatline.WTI crude oil futures surged another 3% Sunday night as trading began to above $75 a barrel.Traders have been closely watching the Middle East…
Fire and smoke rise into the sky after an Israeli attack on the Shahran oil depot on June 15, 2025 in Tehran, Iran. Getty Images | Getty Images News | Getty ImagesCrude oil futures jumped more than 3% Sunday after Israel struck two natural gas facilities in Iran, raising fears that the war will expand to energy infrastructure and disrupt supplies in the region.U.S. crude oil rose $2.72, or 3.7%, to $75.67 per barrel. Global benchmark Brent was up $3.67, or 4.94%, at $77.90 per barrel.Israeli unmanned aerial vehicles struck the South Pars gas field in southern Iran on Saturday,…
Pra-chid | Istock | Getty ImagesThe second-quarter estimated tax deadline is June 16 — and on-time payments can help you avoid “falling behind” on your balance, according to the IRS.Typically, quarterly payments apply to income without tax withholdings, such as earnings from self-employment, freelancing or gig economy work. You may also owe payments for interest, dividends, capital gains or rental income. The U.S. tax system is “pay-as-you-go,” meaning the IRS expects you to pay taxes as you earn income. If your taxes are not withheld from earnings, you must pay the IRS directly. More from FA Playbook:Here’s a look at other stories…
U.S. President Donald Trump speaks during an Invest America Roundtable in the State Dining room, at the White House, in Washington, U.S., June 9, 2025. Evelyn Hockstein | ReutersPresident Donald Trump said in a social media post on Thursday that he is willing to exempt the agriculture and hotel industries from his nationwide immigration crackdown. The surprise move came after executives in both industries complained to Trump about losing reliable, longtime immigrant workers in immigration raids and struggling to replace them.”Our great Farmers and people in the Hotel and Leisure business have been stating that our very aggressive policy on immigration is…
Luca de Meo, chief executive officer of Renault SA, during a news conference in London, UK, on Monday, Feb. 6, 2023. Bloomberg | Bloomberg | Getty ImagesLuca de Meo is leaving Renault to pursue “new challenges,” the company said on Sunday shortly after a newspaper report said he would become the new CEO of luxury group Kering.De Meo, an Italian known for his energy, led the French carmaker for around five years, overseeing a strategic shift towards electric vehicles and an overhaul of the firm’s strategic alliance with Nissan.”Luca de Meo has expressed his decision to step down in order to…
Jay Chaudhry’s career has seen a myriad successes. The 66-year-old co-founded his first company, SecureIT, in 1996 with his wife. That sold in 1998 for $70 million in an all-stock deal. He then founded three other companies, all of which were acquired: AirDefense, CipherTrust and CoreHarbor.He is now CEO of Zscaler, a cybersecurity company he founded in 2008. Chaudhry has an estimated net worth of nearly $17 billion, according to Forbes.Chaudhry credits his ascent in part to the teams he’s built. “Nothing significant gets done by an individual person,” he says. But, ultimately, “the most important person for my success,”…
