Global stocks mixed after US retail data offset rate fears | Health, Medicine and Fitness

By JOE McDONALD – AP Business Writer BEIJING (AP) — Global stock markets were mixed and Wall Street futures were down on Wednesday after positive U.S. retail sales data helped offset concerns the Federal Reserve may be considering new rate hikes to calm inflation. London and Frankfurt opened lower. Tokyo and Seoul advanced, while Shanghai … Read more

China Fights Economic Crisis, Sticks to Costly ‘Zero COVID’ | Health, Medicine and Fitness

By JOE McDONALD – AP Business Writer BEIJING (AP) — Chinese leaders are struggling to reverse an economic recession without giving up anti-virus tactics that have shut down Shanghai and other cities, adding to challenges for President Xi Jinping as he tries to extend his term in power. The ruling Communist Party has said its … Read more

China Fights Economic Crisis, Sticks to Costly ‘Zero COVID’ | Health, Medicine and Fitness

By JOE McDONALD – AP Business Writer BEIJING (AP) — Chinese leaders are struggling to reverse an economic recession without giving up anti-virus tactics that have shut down Shanghai and other cities, adding to challenges for President Xi Jinping as he tries to extend his term in power. The ruling Communist Party has said its … Read more

Wall Street joins global rate swoon, China worries | Health, Medicine and Fitness

By STAN CHOE – AP Business Writer NEW YORK (AP) — Wall Street tumbles to its lowest point in more than a year on Monday as fresh worries about China’s economy mount in markets already battered by rising interest rates . The S&P 500 was down 2.2% in morning trade after posting its fifth straight … Read more