By Stephen Culp NEW YORK (Reuters) -Wall Street stocks were mixed on Tuesday and Treasury yields dipped as investors weighed upbeat economic sentiment from the International Monetary Fund and Federal Reserve Chair Jerome Powell against revived U.S.-China trade tensions. The S&P 500 and the Dow rebounded after all three major U.S. stock indexes opened sharply…
By Stephen Culp NEW YORK (Reuters) -Wall Street stocks turned sharply lower on Tuesday and Treasury yields dipped as revived trade tensions between Washington and Beijing and the prolonged U.S. government shutdown doused investor risk appetite. All three major U.S. stock indexes veered deep into negative territory in early trading, with megacap momentum stocks pulling…
U.S. stocks ended mixed on Wednesday in a choppy trading session, with the Dow ending higher after the Federal Reserve cut interest rates by a quarter percentage point as expected. However, Federal Reserve Chairman Jerome Powell suggested that the rate cut doesn’t mean the beginning of a long monetary policy easing cycle. The Nasdaq finished…
Hong Kong’s three note-issuing banks – HSBC, Standard Chartered and Bank of China (Hong Kong) – will trim their prime lending rates for the first time since December, reducing funding costs and providing some relief to businesses and mortgage borrowers in the city. HSBC and the Hong Kong unit of Bank of China said on…
After spending much of the last year dodging China like a value trap, big-money managers are quietly changing their tune. HSBC’s latest survey of nearly 300 emerging-market fundscollectively managing $617 billionshows that allocations to mainland China are climbing again, now making up nearly 28% of portfolios. That’s a solid jump from 22.5% a year ago….
The Marriner S. Eccles Federal Reserve building in Washington, DC. Photographer: Al Drago/Bloomberg (Bloomberg) — US short-dated bonds yields fell to their lowest levels in more than three months, reflecting conviction among traders that the Federal Reserve will cut interest rates in September. The two-year yield, among the most sensitive to changes in monetary policy,…
By Wayne Cole SYDNEY (Reuters) -Asian share markets followed Wall Street lower on Monday as fears for the U.S. economy returned with a vengeance, spurring investors to price in an almost certain rate cut for September and undermining the dollar. Some early resilience in U.S. stock futures and a continued retreat in oil prices did…
Spotify Technology (NYSE:SPOT) experienced a notable decline in its stock price on Tuesday following the release of its second-quarter 2025 financial results. While the audio streaming giant demonstrated robust growth in its user base, a significant miss on earnings per share and revenue, coupled with a conservative outlook for the upcoming quarter, weighed heavily on…
(Reuters) -U.S. stock futures were subdued on Wednesday, after the Nasdaq 100 closed at a record high a day earlier on Israel and Iran signaling their air war had ended, and as investors awaited more comments from Federal Reserve Chair Jerome Powell. All three major indexes gained more than 1% on Tuesday and the benchmark…