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Economy
Prefectural rivalry in Japan: Survey reveals which areas compete against each other, and
Competition between prefectures is real, and there’s a reason why it happens.
With a total of 47 prefectures in Japan, there’s bound to be a certain sense of rivalry between some of them, especially when each one proudly boasts its own…
Minimum wage is about to rise in 21 states, 35 localities as more embrace $15 an hour
Minimum wage: Why Biden wants to raise it and its effect on the economyPresident Biden is pushing to raise the minimum wage to $15. Here's how that would affect the economy.Just the FAQs, USA TODAYThis was the year that low-wage workers…
China Tech Index Tumbles to Lowest Since Launch as Rout Deepens
(Bloomberg) -- China tech shares tumbled on Monday, with a key gauge closing at its lowest level since launch last year as concerns mount over how much more pain Beijing is willing to inflict on the sector.Most Read from BloombergThe…
Indonesia bans coal exports in January on domestic supply worries: media
JAKARTA (Reuters) -- Indonesia has banned coal exports in January due to concerns that low supplies at domestic power plants could lead to widespread blackouts, a senior official at the energy ministry said on Saturday.The Southeast…
How to Navigate Rising Food Prices as Inflation Surges
Sticker shock is becoming a regular feature of many consumers’ grocery store trips. Given it is unlikely to dissipate anytime soon, consumers should evaluate changes to their shopping habits.The consumer-price index, which tracks what…
Live news: BoJ to wind down pandemic funding but keep loose monetary policy in face of
Chinese tech stocks fell on Friday, following similar slides around the world as markets reacted to interest rate decisions in the US, UK and Europe.Hong Kong’s Hang Seng index lost as much as 2.7 per cent in morning trading. The biggest…
Why economists say you should ask for a raise in the New Year
Economists say now is a smart time to ask for a raise. "It's a worker's market. Workers have the power right now," says Beth Ann Bovino, chief economist at S&P Global. "Will it last through 2022? I would guess not. But up until the…
Wall Street is minting money as Main Street struggles with inflation and burnout
JPMorgan Chase posted strong results for the fourth quarter Friday, including a $10.4 billion profit that topped forecasts. Still, JPMorgan Chase's earnings were down 14% from the same quarter the previous year as trading revenue…
Glorious Effects of Money-Printing Bail Out Manhattan Luxury Housing Market in 2021,
“Perhaps the biggest pandemic trend was this: The rich got richer — and they also bought bigger”: Olshan Realty.
By Wolf Richter for WOLF STREET.
We knew this was coming: The huge bout of global money-printing and interest-rate…
China’s retail sales grow by 3.9% in November — slower than expected
A customer buys zodiac decorations for the Year of the Tiger at a market in Zhangjiagang city, East China's Jiangsu province, Dec. 10, 2021.Shi Bairong | Future Publishing | Getty ImagesBEIJING — China's retail sales missed expectations…