The Morgan Stanley headquarters in New York, US, on Monday, Oct. 14, 2024. Michael Nagle | Bloomberg | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see?…
Traders work on the floor of the New York Stock Exchange on April 5, 2024. Spencer Platt | Getty Images News | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are….
The good times are still rolling on Wall Street. An intensifying earnings season will put that momentum to the test. The S & P 500 ended Friday at a record high, buoyed by strong quarterly results from Club holding Wells Fargo and other major financial firms, which reinforced the idea of a healthy U.S. economy….
China’s National Day Golden Week holidays (1-7 Oct) generate the largest domestic tourism spending and trips amongst its major holidays which also include the Spring Festival (Jan/Feb) and Labour Day (May). Domestic tourism activities remained positive this year while there were also reports of stronger outbound and inbound travel during the period, UOB Group’s economist…
HONG KONG — In the four years since they began operating, Hong Kong’s eight virtual banks have yet to become consistently profitable as they struggle with a low volume of transactions. While one says it is recording “monthly net profits,” two others say the break-even point is in sight. Source link
Traders in mainland China rushed to snap up Hong Kong stocks before the “golden week” holiday begins, as Beijing’s surprise policy bazooka ignited a buying spree. Southbound investors bought HK$12.1 billion (US$1.6 billion) worth of local shares on Monday, the biggest single-day total in more than six months, according to stock exchange data. That helped…
Traders in mainland China rushed to snap up Hong Kong stocks before the “golden week” holiday begins, as Beijing’s surprise policy bazooka ignited a buying spree. Southbound investors bought HK$12.1 billion (US$1.6 billion) worth of local shares on Monday, the biggest single-day total in more than six months, according to stock exchange data. That helped…
The People’s Bank of China (PBOC) building in Beijing, China, on Tuesday, April 18, 2023. China’s economy grew at the fastest pace in a year in the first quarter, putting Beijing on track to meet its growth goal for the year without adding major stimulus, while also helping to cushion the global economy against a…
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Monday’s key moments. 1. Stocks opened higher Monday in a continuation of last week’s momentum, which saw all major indexes gain more than 1%. The Dow closed Friday at a record while the…
Russia’s pivot to China has faced multiple setbacks this year as Chinese banks, wary of U.S. sanctions imposed over Vladimir Putin‘s invasion of Ukraine, are rejecting transactions, forcing Moscow to raise fees on yuan (RMB) transfers. Heavily sanctioned Moscow has benefited from the world’s second-largest economy since the Ukraine war began, with bilateral trade rocketing…