(Bloomberg) — Contemporary Amperex Technology Co. Ltd. is planning to seek at least $4 billion from its Hong Kong stock offering, people familiar with the matter said, which would make it the world’s biggest listing this year. The eventual proceeds could rise to $5.3 billion if the deal is upsized and the greenshoe exercised, according…
China’s government on Wednesday issued two warnings to its citizens about travel to the United States, noting a deterioration in bilateral relations as the two countries slap hefty tariffs on each other’s imports. “Due to the deterioration of Sino-US economic and trade relations and the domestic security situation in the United States, the Ministry of…
It appears US President Donald Trump is doing all he can to save TikTok, the hugely popular video-sharing app owned by Chinese Internet company ByteDance. It’s unusual because not long ago Trump had wanted to ban it. In a desperate bid to make TikTok American, he said on Wednesday he would be willing to reduce…
(Bloomberg) — Asian stocks pulled back after a five-day rally that pushed a regional gauge into overbought territory, as investors turned cautious amid increasing trade tensions and geopolitical uncertainty. Hong Kong technology stocks were an outlier. The MSCI Asia Pacific Index dropped as much as 0.6% with stocks in Hong Kong and Japan declining after…
(Bloomberg) — Amazon.com Inc founder Jeff Bezos’ $10-billion Earth Fund has ended its support for the Science Based Targets initiative, the main verifier of corporate climate targets, the Financial Times reported. The billionaire’s philanthropic entity has halted backing for the group following complaints by SBTi staff about its influence, the report said. It’s also seen…
President Donald Trump completed his first week in the White House by signing a record number of executive orders. Trump signed 35 executive orders during his first week, addressing topics like AI innovation, the Federal Emergency Management Agency, abortion and more. It’s a stark contrast to his first administration, where he ended his first week…
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(Bloomberg) — China and Japan agreed that Beijing’s top diplomat should visit in 2025, adding to the signs the two nations are repairing ties that have been strained in recent years. Chinese Foreign Minister Wang Yi would make the trip at the earliest appropriate date, the Foreign Ministry in Tokyo said in a statement Wednesday….
A five-year bull market is predicted, with 2025 marking its third year. Historically, bull markets average 67 months, but returns soften in the third year. Fed rate cuts and rising corporate margins support continued equity growth. History tells us we might be heading into the third year of a five-year bull market. The average span…
Recession fears have eased, boosting investor confidence in the stock market. Albert Edwards warns a market pullback could come without a recession, however. Rising Treasury yields and drying liquidity could hurt stocks with valuations high. Recession fears have largely dissipated since this summer, bolstering investor confidence in a roaring stock market. But Albert Edwards wants…