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  • Aug 16, 2024

“The Chainsaw Never Stops.” Milei’s Support Survives His Economic Experiment

(Bloomberg) -- To say that life hasn’t been easy in Argentina since Javier Milei won the presidency would be to downplay the everyday reality of a nation undergoing the equivalent of economic surgery.Most Read from BloombergManchester Is Giving London a Run for Its MoneyBoston’s Broke and Broken Transit System Hurts Downtown RecoveryA Floating Island in Baltimore Raises Hope for a Waterfront RevivalA Warehouse Store Promises Housing for South LA, in BulkThe Cross-Continental Race Using Only Publ

  • Aug 16, 2024

WMT vs. TGT: Which Big-Box Retailer Stock Is the Better Buy?

In this piece, I evaluated two big-box retailer stocks, Walmart (WMT) and Target (TGT), using TipRanks’ Comparison Tool to see which is better. A closer look suggests a neutral view of Walmart and a bullish view of Target. Walmart operates both retail and wholesale stores through its domestic and international Walmart stores and U.S. Sam’s Club locations and sells via its website and mobile apps. Meanwhile, Target is a general merchandise retailer with stores in all 50 states and the District of

  • Aug 16, 2024

Foreigners dumped Japan’s stocks then piled in like never before

(Bloomberg) -- The turmoil triggered by the Bank of Japan’s recent interest rate hike has produced two more entries for the record book: All time highs for both inflows and outflows in the nation’s stocks last week.Most Read from BloombergManchester Is Giving London a Run for Its MoneyBoston’s Broke and Broken Transit System Hurts Downtown RecoveryA Warehouse Store Promises Housing for South LA, in BulkBiden Invests $100 Million to Fuel Housing ConstructionThe Cross-Continental Race Using Only P

  • Aug 16, 2024

Chinese tech stocks rally as JD.com spurs earnings optimism

(Bloomberg) -- Chinese technology stocks gained as resilient earnings from major e-commerce firms helped soothe concerns over weak consumption. Most Read from BloombergManchester Is Giving London a Run for Its MoneyBoston’s Broke and Broken Transit System Hurts Downtown RecoveryA Warehouse Store Promises Housing for South LA, in BulkBiden Invests $100 Million to Fuel Housing ConstructionThe Cross-Continental Race Using Only Public TransitThe Hang Seng Tech Index rose as much as 2.2%, poised for

  • Aug 16, 2024

Japan stocks lift Asian market higher after US retail data boosts Wall Street

Japanese stocks led the gains in Asian markets Friday after Wall Street rallied to one of its best days of the year as data showed the U.S. economy is holding up better than expected, with particular credit going to the country’s shoppers. It rebounded from the large selloff last week, where the higher interest rate from the Bank of Japan made investors who had borrowed in yen and invested in dollar assets sell their holdings to cover the higher costs in the “carry trades” deals.

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