A rally in big tech stocks led the broader market to a higher close Wednesday, lifting the Nasdaq to an all-time high and helping Wall Street claw back most of its losses from earlier in the week. The S&P 500 rose 0.6% for its first gain this week. The benchmark index remains near the record…
SHANGHAI — Mainland Chinese investors have poured a record 680 billion yuan ($94.8 billion) into the Hong Kong stock market so far this year, helping boost its gains in contrast to a lackluster performance at home. Net buying of Hong Kong stocks via the stock connect program, which enables mainland and Hong Kong investors to…
David Giroux has beaten his Morningstar Moderate Allocation peer group average for 17 years. The fund manager’s record-breaking streak results from fundamental analysis and active management. Giroux is betting on Treasurys and unloved software, healthcare, and utilities stocks. Top fund manager David Giroux didn’t earn his reputation by following the hottest stocks in the market….
President Joe Biden announced Thursday that he commuted the sentences of nearly 1,500 people and pardoned 39 others convicted of nonviolent crimes, setting a record for the largest single-day act of clemency in modern history.”I think it’s a good day for many of those folks who deserve that second chance,” White House Press Secretary Karine…
Temperatures in Hong Kong on Sunday morning dropped to their lowest so far this year at 16 degrees Celsius (60.8 Fahrenheit), with the local forecaster predicting the mercury will dip to 14 degrees at the end of the week. The Hong Kong Observatory attributed the cool weather along the coast of Guangdong to a “fresh…
US stocks ended Friday mixed, with the S&P 500 rising to an all-time-high. Investor optimism rose after jobs data fueled optimism about the economy and future rate cuts. Traders see higher odds of another rate cut in December, the CME FedWatch Tool shows. US stocks ended mixed on Friday, though the S&P 500 rose to…
Climate change may have led to the record number of super typhoons in the northwest of the Pacific Ocean this year, including three that affected Hong Kong, a meteorologist has said. But the city was unlikely to be hit with any further typhoons in the remainder of the year despite the rare case of four…
A project manager in China has sparked online outrage by calling on employees to prioritise work over family and telling them to focus on the job and “if someone dies at home, let them rot”. The remarks were revealed in an online group chat which showed the manager, surnamed Pu, from Mianyang, Sichuan province in…
Hong Kong on Saturday recorded an unusually late “very hot weather” warning for the time of the year that broke the city’s past record in 2017, with the mercury reaching as high as 33.6 degrees Celsius (92.48 Fahrenheit). The Observatory clocked temperatures of up to 33.6 degrees until 12.30pm. The record was last broken seven…
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…