The stock market has a key hurdle it needs to clear this week. While investors have mostly shrugged off bad news in the US job market, equities are about to be tested by coming consumer inflation data, according to Dubravko Lakos-Bujas, the global head of market strategy at JPMorgan. Should inflation figures come in hotter-than-expected…
(Bloomberg) — Asian equities came under pressure after a tech selloff hit Wall Street Friday, with chip shares among the losers. Hong Kong was an outlier as Alibaba Group Holding Ltd. surged. The MSCI Asia Pacific Index slipped 0.2% with chipmakers pushing the Nikkei-225 index down by 1.8%. Samsung Electronics Co. and SK Hynix Inc….
For Rick Rieder, the stock market has never looked so good. The chief investment officer of global fixed income at BlackRock says he thinks the market has emerged into the “best investing environment ever,” thanks to a cluster of factors that are setting up a bullish backdrop for equities. Rieder’s ultra-bullish view isn’t shared by…
Investors might be sitting on a secret weapon that could send stocks soaring. That’s according to Wall Street strategists, who say that a big reason to be bullish on stocks in the near term is the record $7 trillion in cash investors have stored in money markets fund. That money — sidelined in assets like…
The United States will again withdraw from the United Nations Educational, Scientific and Cultural Organization (UNESCO), marking another reversal of President Joe Biden’s multilateral approach, according to reports citing US and European officials. The move is part of President Donald Trump’s renewed campaign to distance the US from international institutions he deems hostile or unaligned…
Inclusion and fairness are fundamental human values, yet many societies struggle to strike a balance between removing barriers and holding everyone to high performance standards. One recent example is the controversial US rollback of diversity, equity and inclusion rules. So, it was encouraging to see Hong Kong Exchanges and Clearing (HKEX) claim success in its…
A rush of investor cash is headed for the stock market in the second half, most of it coming from retail investors. That’s according to JPMorgan, which predicted this week that investors are poised to inject $500 billion into stocks through the rest of 2025, and most of that will come from retail traders. “Led…
(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…