STORY: U.S. stocks rallied for a second straight session on Monday, with the Dow gaining more than eight-tenths of a percent, the S&P 500 adding more than six-tenths and the Nasdaq climbing three-tenths of a percent. Investors sought bargains after the Nasdaq and S&P 500 fell for four straight weeks. Sam Stovall is chief investment…
monsitj / Getty Images/iStockphoto Bitcoin surged to over $105,000 on Jan. 30, 2025, hours after the Federal Reserve announced that it would keep interest rates steady, with Fed Chair Jerome Powell saying in the Federal Open Market Committee (FOMC) meeting press conference, “Banks are perfectly able to serve crypto customers” provided that they understand and…
Hong Kong’s monetary authority kept its key interest rate unchanged in lockstep with the US Federal Reserve, taking a breather after last year’s three cuts, in the first monetary policy decision of 2025. The Hong Kong Monetary Authority (HKMA) maintained its base rate at 4.75 per cent on Thursday, in line with market expectations. Hours…
(Bloomberg) — Asian stocks were poised for a mixed opening on Monday as traders grappled with continued political upheaval in South Korea and awaited signs of fresh stimulus from Beijing. Oil was steady after the Syrian government was toppled. Most Read from Bloomberg Australian stocks and equity futures in Hong Kong fell while those in…
The upcoming Federal Open Market Committee (FOMC) meeting on September 17-18 could play a HUGE role in shaping global markets, but its actual impact remains uncertain. U.S. Federal Reserve Chair Jerome Powell speaks during a press conference following a two-day meeting of the Federal Open Market Committee on interest rate policy in Washington, U.S., July…