US stock futures rose as investors bet that an interest rate cut from the Federal Reserve could land sooner rather than later. Futures attached to the Dow Jones Industrial Average (YM=F) jumped 0.2%. Futures attached to the benchmark S&P 500 (ES=F) and the tech-heavy Nasdaq 100 (NQ=F) ticked up 0.1%. On Thursday, stocks climbed and…
Hong Kong’s cash-for-residency scheme has yielded an investment of around HK$16.5 billion (US$2.1 billion) from 543 applicants over the past two years, with two-thirds of their capital directed into funds and the stock market. InvestHK, Hong Kong’s department of foreign direct investment, on Sunday released the latest figures of the New Capital Investment Entrant Scheme…
Wall Street’s “sell America” trade wavered on Thursday as US stocks roared higher in a three-day rally sparked by easing trade tensions, although mixed messages from the Trump administration tempered investor enthusiasm and kept markets on edge over the durability of any potential deals. Earlier this week, investors dumped both US stocks and traditional safe…
By Lisa Pauline Mattackal and Purvi Agarwal (Reuters) -U.S. stock index futures rebounded on Tuesday following a fall in equities in the previous session, when President Donald Trump’s escalating criticism of Federal Reserve Chair Jerome Powell rattled investors. All three major indexes ended Monday’s session more than 2% lower after Trump redoubled his attacks against…
EL PASO, Texas (KFOX14/CBS4) — President Trump’s recent reversal on global tariffs has led to a significant upswing in the stock market, with the Dow Jones Industrial Average climbing nearly 3,000 points. Financial advisor Ruben Guerra, founder of Guerra Registered Advisors, described the current market climate as “hysteria” and “a reaction,” rather than a fundamental…
In just about three months since President Donald Trump returned to the White House, Wall Street has hemorrhaged a staggering $8 trillion in market value, a collapse that underscores the scale of economic turmoil unleashed by his aggressive trade policies. Even more alarming is that $5 trillion of those losses were incurred in just the…
Hello readers! Volatility across financial markets jumped on Friday, with Wall Street’s top ‘fear gauge’ soaring to an eight-month high while other market indicators showed growing investor concerns about the ripple effect of President Donald Trump’s sweeping levies. Meanwhile Trump said that big business is not worried about tariffs because they know they are here…
Pool/ABACA / Shutterstock / Pool/ABACA / Shutterstock Immediately after President Donald Trump was elected, the stock market went on an absolute tear. The night before the election, the S&P 500 closed at 5,712.69. By Feb. 12, 2025, the market peaked at 6,144.15, a gain of 7.5% in just over three months. But ever since then,…
A Hong Kong court has acquitted a former chairman of Pok Oi Hospital who was linked to a London gold trading scam by holding a banking account that was allegedly used to launder more than HK$2.65 million (US$341,000). Deputy District Judge Jason Wan Siu-ming told defendant Sidney Siu Yim-kwan, 78, that the court believed he…
Investors’ uber bullish sentiment for US stocks came to a screeching halt over the past month. Bank of America’s latest Global Fund Manager Survey of 171 participants conducted in March showed the biggest monthly drop in investors’ allocation to US equities on record, with the allocation falling 40% month-over-month. As recently as December, investors’ allocation…