No one’s going to sound an alarm, blast out a text message, or shoot you an email about it, but the US economy is undergoing a historic shift. We are leaving one long period of expansion — what economists refer to as a “supercycle” — and entering a very different one. Over the past 15…
Hong Kong police have arrested three people on suspicion of deceiving a man over cryptocurrency trades involving at least HK$1 million (US$128,690). The force said it received a report on Thursday from a 46-year-old man, who said he had traded Tether coins four times involving a total of HK$1.4 million with a person he knew…
The stock market could face a 7% correction by mid-November, says Fundstrat’s Mark Newton. Investor complacency and weak seasonals could trigger decline, according to Newton. He views any potential pullback as a “buy the dip” opportunity. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the…
The bull market could be in its final days, according to Calamos Investments’ Michael Grant. The CIO said the market has suffered from “invincibility syndrome.” Grant said stocks could soon enter a period of weak returns, possibly for “many years.” Thanks for signing up! Access your favorite topics in a personalized feed while you’re on…
A contrarian sell signal recently flashed in the stock market, according to Bank of America. The drop below 4% in cash allocations suggests aggressive stock market investing, BofA said. Investors are growing more optimistic about economic growth, but fear geopolitical conflicts and inflation. Thanks for signing up! Access your favorite topics in a personalized feed…
China is expected to announce extra fiscal policy support on Saturday. Analysts expect $283 billion worth of stimulus to be pledged, Bloomberg reported. The lack of consumer support in China’s last stimulus package disappointed investors. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app…
The two arrested owners of the closed Hong Kong gym chain Physical could avoid criminal liability by finding a new investor to continue its services, the Post has found. The owners, who are also directors of the scandal-hit chain, could mount a defence against possible charges of accepting last-minute payments for new contracts by showing…
China’s stock markets slumped after a 10-day rally that was driven by Beijing’s stimulus announcement in September. Investors were disappointed when a hyped-up Chinese government press briefing failed to deliver more stimulus. Retail investors dominate China’s markets, influencing sentiment and market movements. Thanks for signing up! Access your favorite topics in a personalized feed while…
The upcoming inflation report will help determine the Fed’s next move. Friday’s surprisingly strong jobs data has slashed bets of a half-point rate cut. The Fed is more likely to leave rates unchanged in November if price growth is strong, UBS says. Thanks for signing up! Access your favorite topics in a personalized feed while…
Hong Kong’s consumer watchdog has revealed that a new investor in a 38-year old fitness chain that closed suddenly last month has been in touch, while a branch that reopened earlier has been renamed for a second time. Physical Health Centre abruptly announced the “temporary closure” of all its branches early last month, leaving hundreds…