(Bloomberg) — In a stock market battered by trade turmoil and growing fears of an economic slowdown, retail investors are doubling down, undeterred as their losses mount. Most Read from Bloomberg Individual traders pumped more than $12 billion into US equities in the week ending March 19, retail-trading data from JPMorgan Chase & Co. showed….
Crude oil futures were rallying for a third day in a row on Tuesday after Israeli military strikes on Gaza heightened tensions in the Middle East. Brent futures (BZ=F), the global benchmark, rose 1.1% to top $71 a barrel, while US benchmark West Texas Intermediate futures (CL=F) put on 1.3% to trade above $68. The…
The S&P 500, Dow Jones Industrial Average, and Nasdaq Composite saw significant losses this week as investor sentiment soured over escalating trade policy actions and signs of economic weakness. While markets attempted a recovery on Friday, they still posted their worst weekly performance in several months, according to CNBC. The S&P 500 rose 0.55% to…
A look at the day ahead in U.S. and global markets from Mike Dolan The S&P500 stock benchmark plunged into the red for the year this week as an Nvidia-led selloff, economic slowdown fears and re-ignited trade war fears jarred while the dollar surged anew. Following Big Tech megacaps and small cap indexes into negative…
President Xi Jinping has urged the Communist Party’s top decision makers to boost self-discipline, and closely watch family members and subordinates as China continues its battle against corruption. In a speech to the Politburo on Friday, Xi said members must be strict both with themselves and with those around them, according to state news agency…
(Bloomberg) — China will allow local governments to issue bonds to buy unsold homes to support the ailing property sector, as it pushes to put a floor under an economic slowdown. Most Read from Bloomberg The authorities plan to use special local government bonds and tools to aid the real estate sector, Finance Minister Lan…
By Naomi Rovnick LONDON (Reuters) – Global investors are preparing to stake bets on China again, in a major sentiment shift sparked by Beijing’s drive to reverse its economic slowdown and revive long term interest in its stock markets. It is early days and few money managers expect a Chinese growth boom anytime soon. But…
The Federal Reserve’s half-percentage-point interest rate cut could have shaken markets had it exacerbated investor fears that the central bank was preparing for an economic slowdown. Instead, Fed Chair Powell appears to have convinced investors the central bank is cutting rates to keep the economy on track, not to save it. Stocks surged Thursday following…