The US CPI and Retail sales will dominate the economic releases next week. The RBNZ will announce their interest rate decision on Wednesday in NZ. Tuesday August 13 9:30 PM ET: AUD Wage Price Index q/q (Estimate: 0.9%, Prior: 0.8%) 2 AM ET: GBP Claimant Count Change (Estimate: 14.5K, Prior: 32.3K), GBP Average Earnings Index 3m/y (Estimate: 6.5%, Prior: 6.9%) 8:30 AM ET USD Core PPI m/m (Estimate: 0.2%, Prior: 0.1%);USD PPI m/m (Estimate: 0.2%, Prior: 0.1%) Wedneday August 14 10 PM ET NZD NZD Official Cash Rate (Estimate: 5.50%, Prior: 5.50%) RBNZ Monetary Policy Statement, Rate Statement, and 11 PM ET NZD Press Conference 2 AM ET GBP CPI y/y (Estimate: 3.0%, Prior: 3.0%) 8:30 AM meeting USD Core CPI m/m (Estimate: 0.2%, Prior: 0.1%);USD CPI m/m (Estimate: 0.2%, Prior: 0.1%) 3:30 PM ET: NZD RBNZ Gov Orr Speaks (Estimate: N/A, Prior: N/A) Thursday August 15 9:30 PM ET AUD Unemployment Rate (Estimate: 4.1%, Prior: 4.1%); Employment Change (Estimate: 26.0K, Prior: 50.2K) 10 PM to CNY Industrial Production y/y (Estimate: 5.4%, Prior: 5.3%) 10 PM meeting CNY Retail Sales y/y (Estimate: 2.6%, Prior: 3.1%) 2 AM ET GBP GDP m/m (Estimate: 0.1%, Prior: 0.4%); GBP Prelim GDP q/q (Estimate: 0.6%, Prior: 0.7%) 8:30 AM ET USD Retail Sales m/m (Estimate: 0.3%, Prior: 0.0%); USD Core Retail Sales m/m (Estimate: 0.3%, Prior: 0.0%) 8:30 AM ET USD Unemployment Claims (Estimate: 239K, Prior: 233K) 8:30 AM ET USD Empire State Manufacturing Index (Estimate: -5.9, Prior: -6.6) 8:30 AM ET USD Philly Fed Manufacturing Index (Estimate: 6.6, Prior: 13.9) Friday August 16 7:30 PM ET AUD RBA Gov Bullock Speaks 2 AM to GBP Retail Sales m/m (Estimate: 0.8%, Prior: -1.2%) 30 Amy to USD Building Permits (Estimate: 1.44M, Prior: 1.45M) today meeting USD Prelim UoM Consumer Sentiment (Estimate: 67.3, Prior: 66.4); USD Prelim UoM Inflation Expectations (Estimate: 2.9%, Prior: 2.9%) As for the earnings calendar, HomeDepot, and Cisco highlight as most of the big names have already reported.

BEIJING — E-commerce tycoon Colin Huang has become China''s richest man, an index showed on Friday, capping an ascent for the former Google employee whose shopping site Temu has sucked in consumers with its low prices and all-powerful algorithms. Huang, the founder of PDD Holdings ― which owns Temu and Chinese retail app Pinduoduo ― is now worth $48.6 billion, the Bloomberg Billionaires Index said. He overtakes Zhong Shanshan, the boss of beverage company Nongfu Spring, who had topped the list since April 2021, as the world''s 25th wealthiest person and the richest in China. Close behind them is Ma Huateng, known as Pony Ma ― head of tech giant Tencent, whose WeChat is often described as China''s "everything app." And in fourth place is Zhang Yiming, founder of Bytedance, which owns the massively popular TikTok video sharing platform. Huang, born in 1980 in the eastern Chinese city of Hangzhou, was a teenage math whiz and a former employee of Google China. In 2015, he founded online shopping site Pinduoduo, which blossomed into one of China''s most successful e-commerce empires ― rivalling Jack Ma''s Alibaba.

Analysts remain optimistic about the Hong Kong-listed Alibaba Group Holding Limited ($HK:9988), predicting continued growth for this tech giant. In…

Alibaba Group Holding Ltd (NYSE: BABA ), Tencent Holdings Ltd (OTC: TCEHY ), and JD.com Inc (NASDAQ: JD ) are poised to offer insights into China’s economic and consumer sentiment as they report earnings amid a challenging landscape. While these companies are set to release their earnings, they remain focused on enhancing shareholder returns. This could mean more stock buybacks as part of their strategies, Bloomberg cites analysts from Bloomberg Intelligence. Also Read: Amazon Boosts Recruitment Efforts In China, Targets Rivalry With … Full story available on Benzinga.com

Global Instant Payment market to witness growth at a CAGR of 16.80 % during the forecast period of 2024-2030 PUNE, MAHARASHTRA, INDIA, August 9, 2024 /⁨EINPresswire.com⁩/ -- A new intelligence report released by HTF MI with the title "Instant …

Alibaba Group Holding Ltd., Tencent Holdings Ltd. and JD.com Inc. will provide a snapshot of China’s economy and consumer sentiment, as another somber earnings season is expected in the region.

They outperform all others in the world — including the vaunted OpenAI GPT-4o, Anthropic Claude 3.5 Sonnet, and even Google.

Dr. Michael Burry, a legendary investor played by Christian Bale in “The Big Short,” is an investment legend. He’s the type of independent-thinking investor who’s more than willing to place massive contrarian bets for a shot at even outsized rewards. Additionally, he seems to have a knack for spotting macro trends from miles away, even as others are blind to them. Taking massive contrarian positions (think the Big Short) takes courage. But more importantly, it takes patience and confidence in one’s abilities. Sure, Dr. Burry’s track record may not be flawless (last year, he was way too soon to bet against the bid-up semiconductor stocks ). That said, he has a remarkable track record of incredible calls over the decades, which makes him worth listening to whenever he voices an opinion. In this piece, we’ll cover some Michael Burry value stocks, which may be worth a look in today’s rocky market. JD.com (JD) Source: Sergei Elagin / Shutterstock.com Burry isn’t afraid to be an aggressive buyer of stocks that almost everybody else has thrown in the towel on and scratched completely off their radars.

Japanese technology giant SoftBank Group has reported a smaller loss for the April-June quarter compared to a year earlier

Amazon.Com Inc (NASDAQ: AMZN ) is intensifying its efforts to recruit more sellers in China. It aims to expand its affordable product offerings in the U.S. and other markets to compete with Chinese rivals like PDD Holdings Inc’s (NASDAQ: PDD ) Temu. Other Chinese e-commerce rivals included Alibaba Group Holding Limited (NYSE: BABA ) and JD.com, Inc (NASDAQ: JD ). Also Read: Alibaba To Boost B2B E-Commerce With New AI Sourcing Engine Launch in September In late July, Amazon hosted an event for online sellers in Shenzhen, Guangdong … Full story available on Benzinga.com