Wall Street opened lower Tuesday while escalating tensions in the Russia-Ukraine war prompted investors to shift toward traditional safe-haven assets including gold and Treasury bonds. The S & P 500 fell 0.5 percent in early trading, with the Dow Jones Industrial Average dropping 319 points, or 0.7 percent. The Nasdaq composite also slid 0.5 percent….
By Lewis Krauskopf NEW YORK (Reuters) – A U.S. stock rally fueled by Donald Trump’s election victory is stumbling, as investors contend with everything from renewed inflation worries to uncertainty over the impact of the president-elect’s policies. The S&P 500 fell 2% in the past week, erasing more than half its gains from a post-election…
Berkshire Hathaway’s cash reserves are at an all-time high of $325.2 billion as Warren Buffett quickly exits what has been one of his most profitable trades of the past decade. The Oracle of Omaha and his conglomerate holding company Berkshire started to offload shares of Apple late last year, paring down a major bet on…
‘Shark Tank’ star Kevin O’Leary is enthusiastically backing Elon Musk’s plan to cut $2 trillion from federal spending—and in fact, he thinks the cuts should be even higher. If former president Donald Trump wins a second term, he has pledged to appoint Musk as head of a new Department of Government Efficiency that would enact…
Goldman Sachs Group Inc. said global investors are overstating the risk that financial markets will be plunged into uncertainty by the lack of a clear victor soon after next week’s US presidential election. “While we recognize the tail risk possibilities, we think market participants appear to be somewhat overestimating the probability that a delayed result…
The Hang Seng Index fell 1.1 per cent to 20,469.32 as of 11.15am local time, erasing all gains from the past three days. China Merchants Bank slid after reporting a lower profit and Haier Smart Home retreated on lower-than-expected earnings, while WH Group rallied after its profit almost doubled. The Hang Seng Tech Index sank…
Chinese stocks, once indispensable to global funds and later deemed uninvestable by others, are back on the radar of investors after years of being ignored. While caution remains, optimism abounds after a US$4.5 trillion rally in the past month. That is the assessment of Kinger Lau, a managing director in Hong Kong and chief China…
(Bloomberg) — Tesla Inc.’s blowout earnings caught everyone off guard. Most Read from Bloomberg But it was the bears who paid the price this week. The electric-vehicle maker’s results delivered a gut-punch to short-sellers — investors who make money by betting that a security will fall over a certain period of time — when they…
Moving fortunes out of China is hard: The country imposes strict capital controls that cap individual purchases of foreign exchange at $50,000 a year. Violators can receive big fines, or even prison sentences, if they break the law. Nevertheless, the stampede for the exit in the past few years appears to dwarf the outflows that…
(Reuters) – U.S. stock index futures fell on Tuesday, as a selloff in bonds pushed Treasury yields higher, pressuring rate-sensitive stocks, while investors awaited a deluge of corporate earnings for a clearer market direction. At 5:05 a.m. ET, Dow E-minis were down 138 points, or 0.32%, U.S. S&P 500 E-minis were down 21.5 points, or…