Given the greater spending needs ahead, Singapore's government could outline additional ways to grow revenue in the coming budget speech, economists said. The government has floated the idea of a "sugar tax" on manufacturers and importers of packaged sweet drinks. Such a tax could make...
China's Consumer Price Index missed expectations in January coming in at 1.7 percent higher than a year ago, the National Bureau of Statistics said on Friday. Economists polled by Reuters were expecting CPI to come in at 1.9 percent higher year-over-year. December CPI — a gauge of prices for...
Warren Buffett's longtime business partner Charlie Munger will on Thursday address shareholders of the Daily Journal, the Los Angeles-based publishing company where he serves as chairman. The billionaire Munger, who turned 95 on New Year's Day, is credited by the Oracle of Omaha for transforming...
Michael Nagle | Bloomberg | Getty Images Yelp Inc. signage is displayed on a monitor on the floor of the New York Stock Exchange (NYSE) in New York. Citi Research downgraded its rating...
Morgan Creek Capital CEO Mark Yusko, who has a bearish outlook for the year, told CNBC on Wednesday that the market is a rubber ball bouncing down the stairs toward a "bad place." While each of the major U.S. indexes has gained about 10 percent year to date, the...
Tesla has made progress reducing its cash burn but the electric-car maker is not "quite out of the woods yet," Morgan Stanley's Adam Jonas told CNBC on Wednesday. The auto analyst expects Tesla to burn about $600 million, possibly as much as $1 billion, in cash in the first...
Worker paychecks are showing their biggest gains since the recovery began a decade ago, and are more than keeping up with inflation. Labor Department numbers released Wednesday show that real average hourly earnings, which compare the nominal rise in wages with the cost of living, rose 1.7 percent in...
Bloomberg | Bloomberg | Getty Images RJ Scaringe, founder and chief executive officer of Rivian Automotive, speaks after unveiling the R1S electric sports utility vehicle (SUV). The Amazon and GM deal would value...
The report blamed the shrinking current account on China's aging population, and plateauing market share in goods exports, among other factors. "We expect China to shift to an annual current account deficit from 2019 onwards due to a slipping national saving rate amid an aging...
China's economy is being powered by consumers, he said, and the Chinese middle-class consumer base could nearly triple by 2030. Tsai said there is a "symbiotic relationship" between American businesses with ties to China and vice versa. Alibaba, the online marketplace in China, has been...