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A protracted battle in China’s food-delivery market has chopped $100 billion in market value from Alibaba Group Holding Ltd., with no end in sight for damage to profits and investor confidence. Its Hong Kong-listed shares plunged 28% from a March high through Thursday, nearly double the loss in a gauge of Chinese tech peers. Rivals … Read more
A woman takes pictures with a Labubu doll at a Pop Mart store in Shanghai, China, on June 5, 2025. Ying Tang | Nurphoto | Getty Images China’s consumer prices fell for a fourth consecutive month in May, as Beijing’s stimulus measures appear insufficient to boost domestic consumption while trade tensions simmer. The consumer price … Read more
It’s Smoot-Hawley all over again! At least by this reporter’s calculations, the sweeping tariff regime that President Trump unveiled following the market close on April 2 literally lifts America’s duties on imports to roughly the same level that the much-reviled legislation took them to at the start of the Great Depression. The ultraprotectionist Smoot-Hawley Act … Read more
Stay informed with free updates Simply sign up to the US inflation myFT Digest — delivered directly to your inbox. Wall Street stocks dropped on Friday as signs of strain among American consumers added to worries the US is heading for a bout of stagflation. A batch of data added fresh evidence that consumers are … Read more
The Eccles Building, location of the Board of Governors of the Federal Reserve System and of the Federal Open Market Committee. Brooks Kraft | Getty Images A sell-off in global bond markets is accelerating, fueling concerns over government finances and raising the specter of higher borrowing costs for consumers and businesses around the world. Bond yields … Read more
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