US stocks climb as strong economic data lifts sentiment ahead of Powell speech

US stocks advanced on Thursday with the main benchmarks headed for back-to-back gains following a batch of strong economic data as investors waited to hear from Federal Reserve Chairman Jerome Powell. How stocks are trading S&P 500 SPX, +0.61% rose 18 points, or 0.6%, to 4,163. Dow Jones Industrial Average DJIA, +0.15% advanced 22 points, … Read more

Burnout, apathy on the rise as China’s youth face bleak job market

China’s recently reported record-breaking 20% ​​youth unemployment rate has obscured an equally worrying trend among its younger generation: Even those employed are increasingly burned out and “quitting while remaining in the office.” COVID outbreaks have continued to plague the economy, largely because President Xi Jinping has mandated that containment of the virus is paramount regardless … Read more

Alibaba stock gains after earnings as company says trends are improving

Shares of Alibaba Group Holding Ltd. closed up 1.8% Thursday after the Chinese e-commerce company topped expectations with its latest financials and indicated that business trends improved as the June quarter wore on. The company posted net income of RMB22.7 billion ($3.4 billion), or RMB8.51 per American depositary share, compared with RMB45.1 billion, or RMB16.38 … Read more