CHONGQING, CHINA - JANUARY 02: People visit the 2nd International Light and Shadow Art Festival at the Fine Arts Park on January 2, 2024 in Chongqing, China. The 2nd International Light and Shadow Art Festival runs from December 29 to January 7. (Photo by VCG/VCG via Getty Images)Vcg | Visual...
Category: Finance
Market forecaster Jim Bianco sees the 10-year Treasury yield surging to 5.5% – a multi-decade high
It's a level not seen since George W. Bush was president.Wall Street forecaster Jim Bianco is predicting the benchmark 10-year Treasury note yield will hit 5.5% this year — its highest level since May 2001.A major part of his thesis is built on the economy's strength and resiliency."I don't think...
AI boom fails to propel China’s cloud market growth
An AI sign is seen at the World Artificial Intelligence Conference in Shanghai on July 6, 2023.Aly Song | ReutersBEIJING — Excitement over artificial intelligence isn't yet fueling a boom in cloud services spending in mainland China."The Chinese cloud services market remains conservative, relying heavily on government and state-owned enterprises...
Does the tax on your year-end bonus check seem high? Here’s why
Jgi/tom Grill | Tetra Images | Getty ImagesDoes your year-end bonus look smaller than expected?Tax withholding is a likely culprit, but Uncle Sam may pay some back when you file an annual tax return, experts said.Bonuses are treated as taxable income, like wages in a typical paycheck.However, unlike wages, the...
China’s potential new gaming rules will hit smaller developers more, analyst says
Mobile games in China range from League of Legends-like Honor of Kings toSource: Apple Inc.BEIJING — China's proposed gaming rules would hit smaller developers more than large ones, while also reducing overall online advertising revenue, according to UBS.Tencent, NetEase and Bilibili shares plunged to their lowest in more than a...