People walk past the image of the ‘Monkey King’ character, or ‘Sun Wukong’ of Chinese action role-playing game ‘Black Myth: Wukong’, developed by Chinese video game company Game Science, during its launch day in Hangzhou, in eastern China’s Zhejiang province on August 20, 2024.Str | Afp | Getty ImagesBEIJING – China’s first attempt at a top-tier video game has smashed world records, bolstering the industry’s global ambitions just a few years after Beijing’s gaming crackdown.Black Myth: Wukong, an action game set in mythological China, sold more than 10 million units three days after its launch on Aug. 20. Ten days…
Author: usaeverydaylife
Investing in a volatile market is a tricky business — but one portfolio manager has tips on how to create a well-diversified portfolio to navigate that. “A good portfolio is a well-diversified one — and by well-diversified I mean a portfolio that has exposure to asset classes that have different drivers of growth,” Nicolo Bragazza, associate portfolio manager at Morningstar Investment Management, told CNBC Pro . For instance, stocks tend to perform better when an economy is growing, while bonds — especially high-quality government bonds — make better investments during times of uncertainty when security and safety are key, he…
Commercial and residential buildings seen from the rooftop of the Lotte Corp. World Tower at sunset in Seoul, South Korea, on Tuesday, Nov. 28, 2023. Bloomberg | Bloomberg | Getty ImagesAsia-Pacific markets were set to open mixed on Monday as investors look toward a packed week of economic data and assess China’s business activity figures released over the weekend.Among the economic data coming out from major Asian markets are inflation data from South Korea, Australia’s second-quarter GDP data, as well as data on pay and household spending from Japan later this week.China released its official purchasing managers’ index data for August.…
Bank of America analysts painted an optimistic picture for a handful of European technology stocks, forecasting an acceleration in growth during the latter half of this year. Despite a challenging earnings season and mixed results in the second quarter — which contributed to the 10% fall in European technology stocks since mid-July — the bank sees potential for acceleration in critical areas of the industry. .STOXX 1Y line The European tech sector has experienced significant volatility this year, with performance varying widely across different companies. While some firms like SAP have seen substantial gains of nearly 45%, others, such as…
Pattaya, Thailand, could see an influx of tourists if a casino gets built in the city.Boonchai Wedmakawand | Moment | Getty ImagesThailand is working on a new game plan to boost foreigner arrivals and increase tourism spending: casinos.The strategy has worked for Macao — which has overtaken Las Vegas as the world’s largest gambling hub — and Singapore, with two successful 14-year-old casinos.If Thailand’s draft bill gets passed into law, the country could be Macao and Singapore’s largest competitor by the end of the decade, industry watchers told CNBC.”They’ve seen what building casinos did for Singapore, and the power of…
And now, 17 Final Thoughts from the first three days of Week 1. (Apologies, LSU and USC, I just couldn’t wait.)1. So, what was your “We’re not in Kansas, anymore” moment of the first full weekend of New World College Football? For me, it was turning on Friday night’s TCU-Stanford game, seeing an ACC logo and realizing I was watching an ACC nonconference game between schools from Texas and California.The ACC team (Stanford, if you’ve lost track) lost that one 34-27. Which soon became a recurring theme.2. Were this any season played between 2014 and 2023, I’d be writing a…
The Reichstag, German Parliament BuildingHiroshi Higuchi | Photolibrary | Getty ImagesBERLIN, Sept 1 (Reuters) – German state elections that dealt a heavy blow to the parties in Chancellor Olaf Scholz’s government and historic wins for two anti-establishment parties are likely to aggravate instability in an already fractious ruling coalition.With only a year to go before a national election in Europe’s largest economy, Sunday’s results look set to increase the pressure on Scholz to be tougher on immigration and intensify the debate over support for Ukraine as issues that dominated campaigning.The German government’s faltering authority could also complicate European policy when the bloc’s other major…
San Francisco 49ers rookie Ricky Pearsall was shot during an attempted robbery in San Francisco on Saturday afternoon, the San Francisco Police Department said.Pearsall is in “serious but stable condition” after sustaining a bullet wound to his chest, the 49ers said in a statement. Police said a 17-year-old suspect from Tracy, Calif. — about 60 miles east of San Francisco — is in custody.The incident occurred in the Union Square area of San Francisco. At a news conference Saturday night, SFPD chief William Scott said Pearsall was walking alone when the suspect approached him. A “physical altercation” ensued during the…
A far-right party won a state election for the first time in post-World War II Germany in the country’s east on Sunday, and looked set to finish a very close second to mainstream conservatives in a second vote.A new party founded by a prominent leftist also made a strong impact, while the parties in Chancellor Olaf Scholz’s unpopular national government obtained extremely weak results.The far-right Alternative for Germany, or AfD, won 32.8% of the vote in Thuringia — well ahead of the center-right Christian Democratic Union, the main national opposition party, with 23.6%.In neighboring Saxony, projections for ARD and ZDF public television with the count well advanced…
The Red Lobster logo is displayed outside of a closed restaurant in Torrance, California, on May 14, 2024.Patrick T. Fallon | Afp | Getty ImagesRestaurant bankruptcy filings have surged so far this year, echoing a broader rise in corporate bankruptcies across sectors.At least 10 restaurant chains, not including multi-unit franchisees, have filed for bankruptcy in 2024. August alone brought three Chapter 11 filings from notable eateries. The increase in bankruptcies comes as diners pull back their spending, labor costs keep rising and Covid-era government help disappears.Several more restaurant chains could file for bankruptcy before the end of the year. BurgerFi,…
