The recent collapse of subprime auto-lenders Tricolor Holdings and debt-heavy auto-parts company First Brands has raised questions about the health of the credit market. JPMorgan’s CEO Jamie Dimon voiced caution over the high-profile crack-ups, saying his “antenna” is up. “When you see one cockroach, there’s probably more,” Dimon said on the bank’s third-quarter earnings call…
Bullish exuberance among retail traders drove a new meme stock rally this week. According to Goldman Sachs, it’s just the latest episode in “one of the sharpest short squeezes on record.” And while it’s got room to run, it also raises the risk of a downturn, the bank said. Analysts said this week’s rally in…
Southeast Asian companies like lender DBS Group Holdings and fast-food chain operator Jollibee and local education institutions are giving Hong Kong’s property market a much-needed boost, fanning hopes the worst of the investment slump may have passed. Southeast Asian firms and education firms each contributed around 22 per cent of the total HK$6.28 billion (US$809…