Last year, Christie’s, Sotheby’s, and Bonhams made bullish investments in Hong Kong, opening new headquarters even as demand for art in China flagged. This was in keeping with tradition. Business-friendly Hong Kong has long been the preferred base of operations for Western auction houses and galleries looking to serve the world’s second-biggest art market. Since…
Interest rates could be in the perfect range for markets right now, Morgan Stanley’s CIO said. The Fed left interest rates unchanged following its January policy meeting. Inflationary pressures could mean that future rate cuts aren’t coming for a while, forecasters say. The Federal Reserve’s decision to keep interest rates level after its policy meeting…
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An explosion at a Chinese food market, visited just days earlier by President Xi Jinping and during Lunar New Year celebrations, has caused an unknown number of casualties. Details about the incident in the city of Shenyang in China’s north-east Liaoning province on Sunday remain scarce, with authorities apparently suppressing any reporting. Chinese social media…
Albert Edwards warns of a growing bubble in US stocks driven by AI enthusiasm. US stocks now represent 75% of global market cap, and tech stocks are 35% of the US market. Edwards’ bearish views contrast with Wall Street’s optimistic S&P 500 targets for 2025. Albert Edwards, the famously bearish strategist at French investment bank…
Hong Kong (January 25, 2025) — AlpacaMining proudly announces the establishment of its new office in Hong Kong, a pivotal development in the company’s international expansion. This move follows AlpacaMining’s instrumental involvement in a significant merger between two leading Swiss banks, where its advanced AI-powered mining solutions played a crucial… Source link
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Trump changed the market narrative on trade policy this week, easing fears that have weighed on investors. The president has shifted investors’ focus to his pro-growth agenda. A flurry of executive actions and announcements helped lift the S&P 500 to fresh records. President Donald Trump flipped the script on one of the market’s biggest worries…
Tom Brady is open to selling his newly built home on Indian Creek Island. He spent $17 million on the vacant lot in 2020 and has reportedly received offers over $150 million. Indian Creek homes are historically expensive, but Bezos’ presence has boosted prices further. Football legend Tom Brady is open to selling his newly-built…
NEW DELHI — Automakers are lining up new electric car models in India — where stricter emission rules are slated to take effect in 2027 — hoping that bigger batteries and swanky features will spark sales in the world’s third largest auto market as EV sales slow down in other developed countries. About 10 new…