Hedge funds rushed to buy Chinese equities in a bet that the country’s new stimulus program can boost growth in the world’s second-largest economy. Chinese equities on Tuesday saw the largest daily net buying since March 2021 — the second largest amount in the past 10 years, according to Goldman Sachs Group Inc.’s prime brokerage…
Wall Street rejoiced over this week’s interest rate cuts, but there’s another investor class that was just as enthusiastic: venture capitalists. The tech correction of the last couple of years has left many startup investors longing for the Federal Reserve’s bygone zero interest rate policy, or ZIRP, which helped fuel the industry’s boom in 2021…
Asian currencies advanced to the strongest level in more than a year after the Federal Reserve kicked off policy easing and signaled further interest-rate reductions this year. The Bloomberg Asia Dollar Index rose 0.2% on Thursday, bringing the gauge to the highest since July 2023. The Indonesian rupiah and South Korean won led the gains,…
In that order, Stitt states “the widespread use of cell phones and increased use of social media in schools seems to be linked to the evolving mental health crisis afflicting our young people.” The goal is to inspire districts to implement phone-free classroom policies and foster conversations about negative consequences associated with cell phone use…
Welcome to Your Week in Asia. Sri Lanka holds its first presidential election since an economic crisis pounded the island nation two years ago, while India’s Kashmir region votes in its first local elections in a decade. Chinese appliance maker Midea Group is set to list its shares on Hong Kong’s stock exchange, Indonesia’s central…
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