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  • With Some Countries, China is in the Red
    Business
    Bloomberg39 minutes ago

    With Some Countries, China is in the Red

    China’s big trade surpluses hog all the headlines, but imbalances go both ways. South Korea’s $72.2 billion surplus with the People’s Republic in fact tops a list of more than 40 nations that export more to the country than they import from it, followed by Switzerland and Australia, data compiled by Bloomberg show. Imports by the world’s biggest exporter show how its humming factories prop up other economies - and for some of those, what’s on the line should they find themselves involved with territorial disputes or geopolitical tensions with one of their biggest customers. In Asia, South Korea and Malaysia are among the most vulnerable to China’s economic arm-twisting, while Japan and Vietnam look relatively immune, according to Bloomberg Intelligence estimates based on their trade surpluses with China as a share of total output.

  • A Nation of Broke People Are Killing Retail More Than Amazon: Top Expert
    Business
    The Street23 hours ago

    A Nation of Broke People Are Killing Retail More Than Amazon: Top Expert

    Retail stocks have slumped this year.  While many chalk up the declines to competition from online retail behemoth Amazon (AMZN) , famed market expert Peter Schiff, CEO of Euro Pacific Capital, doesn't agree. "Amazon has been here for a long time - this is the worst year for retail - it's worse than 2008 and 2009," he said. "This is because consumers are broke - they have lousy jobs, they're loaded up with debt and they can't afford to buy stuff." He pointed to Foot Locker's (FL) 25% decline on Friday.  Schiff isn't comforted by the double-digit gains in earnings growth for the past two quarters in U.S. stocks. "Let's see what happens if we go to a recession which is going to impeded [companies']

  • There are only 3 things you need to focus on if you want to retire early
    News
    Business Insider23 hours ago

    There are only 3 things you need to focus on if you want to retire early

    Early retirement only requires three things: earning, saving, and investing. The key to reaching your early retirement goal is making those three things a priority. Millennials aren't known for following the rules, especially when it comes to money matters.