Tag: business news magazine

China’s economy misses growth forecasts, raising the odds of more support for its edged recovery – Business News

China’s economic growth missed forecasts in the second quarter of the year, adding to worries over surging youth unemployment and a weak property sector and raising the likelihood the government will double down on support for the faltering post COVID-19 recovery.

The world’s second largest economy grew at a 6.3% annual pace in the April-June quarter, much slower than the 7% plus growth analysts had forecast given the anemic pace of activity the year before.

Unemployment of youths aged 16 to 24 rose to a record 21.3% in June, up from 20.8% the month before.

Investment

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‘That happened on Donald Trump’s watch’

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Chris ChristieAP/Matt Rourke

  • Former New Jersey governor and current GOP presidential candidate appeared on “Fox News Tonight” on Tuesday.

  • On it, he blamed former President Donald Trump for North Korea’s weaponry advancements.

  • “That happened on Donald Trump’s watch,” he said.

GOP presidential candidate Chris Christie blamed former President Donald Trump for North Korean weapon advancements in a televised interview.

Christie, the former governor of New Jersey, pushed back against “Fox News Tonight” guest host Piers Morgan, who suggested that adversarial leaders such as North Korea’s Kim Jong Un and Russia’s Vladimir Putin were dissuaded from improving their missile technology

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Right-wing users join Mark Zuckerberg’s ‘friendly’ Threads within 24 hours of launch

Facebook Chairman and CEO Mark Zuckerberg testifies at a House Financial Services Committee hearing in Washington, US, October 23, 2019, wearing a suit and looking serious with facebook logo in background.

Mark Zuckerberg.Erin Scott/Reuters

  • Right-wing users are testing the boundaries of Mark Zuckerberg’s Threads.

  • Several right-wing users have signed up to the platform, with some posting antagonistic content.

  • Zuckerberg has tried to position Threads as a friendly alternative to Elon Musk’s Twitter.

Right-wing users are testing the boundaries of Mark Zuckerberg’s “friendly” Twitter alternative, Threads.

According to a news post from Media Matters, far-right figures including white nationalist Richard Spencer and white supremacist Nick Fuentes joined the app within the first 24 hours of its launch. Richard Spencer’s account has since gone.

Fuentes said in a livestream on July 6

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Apple became the first company to have a market cap topping $3 trillion

Apple’s market cap topped $3 trillion on Friday, as shares rose about 1% to a new high and passed the $190.73 price required to hit the milestone, according to CNBC’s most recent share count.

Apple was the first company to hit a $3 trillion market cap during intraday trading in January 2022, but it failed to close at that level. It has another shot to do that on Friday.

It shows investors remain bullish on the stock and Apple’s portfolio of products and services, despite the company’s warning in May that its current quarter revenue is expected to fall about

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Canadians seeking financial advice from banks left unsatisfied

Roughly two-thirds of retail bank customers ‘financially unhealthy,’ the study finds

Published June 30, 2023 • 4 minute read

Pedestrians walk near a Royal Bank of Canada building in the financial district of Toronto.
Pedestrians walk near a Royal Bank of Canada building in the financial district of Toronto. Photo by Brent Lewin/Bloomberg files

As high inflation, rising interest rates and market volatility take a toll on their finances, Canadians are seeking advice from their financial institutions, but some banks are not delivering this effectively, according to a new study.

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Businesses Would Get Lots of Tax Savings Under House GOP Plan Kiplinger Tax Letter

The House GOP tax plan indicates what’s to come if Republicans control Congress and the White House after 2024.

Getting the right tax advice and tips is vital in the complex tax world we live in. The Kiplinger Tax Letter helps you stay right on the money with the latest news and forecasts, with insight from our highly experienced team (Get a free issue of The Kiplinger Tax Letter or subscribe). You can only get the full array of advice by subscribing to the Tax Letter, but we will regularly feature snippets from it online, and here is

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Taxes in Canada: Should you pay with a credit card

Are you debating whether you should pay your taxes off with a credit card? This year, more than 6.5 million Canadians owe taxes, with an average balance of $6,990, according to the CRA’s 2023 personal income tax return statistics.

Paying your taxes off with a credit card could work to your benefit. However, there are also some considerable drawbacks to take into account. Below, I’ll discuss some of the pros and cons of paying the CRA with your credit card and outline some of the best alternatives.

HOW TO PAY THE CRA

Thankfully, the Canada Revenue Agency makes it incredibly

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What’s spending slowdown? Retail sales suggest Canadians aren’t ready to quit shopping

Up to date retail sales numbers from Statistics Canada on Wednesday show that despite high prices and dire warnings about debt loads, Canadians remain in the mood to shop.

The data agency reported Wednesday that retailers took in $65.9 billion in April. That’s an increase of 1.1 per cent from March’s level.

Just about every type of store booked higher sales during the month, with the exception of furniture, electronics and appliances retailers, where sales shrank by 1.6 per cent from March’s level.

So-called core retail sales, which strip out volatile items like gas, cars and car parts, actually increased

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