In This Story After a hectic week filled with major earnings reports, an AI summit, robotaxis, and key inflation data, this coming week will be shorter but still significant. California’s new $20 minimum wage for fast food workers didn’t cost jobs, study says Here’s what’s on the agenda for the week ahead. Is the stock…
China’s bond traders are still piling into the safe-haven asset, despite recent stimulus efforts. The 30-year government bond yield hit its lowest since 2005 last week, and fell again Monday amid more measures. Fiscal stimulus and property market support could reverse this trend, Bank of America said. Thanks for signing up! Access your favorite topics…
Sure, Wall Street. Go ahead. Ride the dragon. There was a moment of grace on Tuesday for investors, market analysts, and finance’s top brass when Beijing announced measures to try to reinvigorate China’s croaking economy. Pan Gongsheng, a governor of the People’s Bank of China, the country’s central bank, announced that 800 billion yuan, or…
China pulled out an aggressive stimulus package on Tuesday. At a rare press briefing about China’s economy, People’s Bank of China governor Pan Gongsheng unveiled a swathe of measures, including slashing interest rates and reducing the amount of cash banks need to hold in their reserves. The measures were significant because Beijing has been holding…
Stocks look poised for gains amid a fresh Fed easing cycle, BofA’s Michael Hartnett says. But that means investors once again exposed to risks of a tech bubble inflating anew. Hartnett says investors should allocate to bonds and gold to hedge bubble risk. Thanks for signing up! Access your favorite topics in a personalized feed…
Hong Kong police have arrested 14 people in a crackdown on a cross-border syndicate that allegedly laundered more than HK$230 million (US$29.5 million) from bank accounts linked to dozens of job and investment scams, with victims losing more than HK$18 million. Chief Inspector Lo Yuen-shan of the commercial crime bureau said on Friday that members…