President Donald Trump appears to still be on edge from the conflict that’s unfolded between Israel and Iran. But US stocks have proven eager to test record highs. Investors welcomed Trump’s announcement on Monday evening that Israel and Iran had agreed to a ceasefire, and then stayed upbeat throughout Tuesday, even as the president fired…
SAN FRANCISCO — Crowds protesting billionaire Elon Musk’s purge of government agencies under President Trump began amassing outside Tesla dealerships throughout the U.S. and in some cities in Europe on Saturday in the latest attempt to dent the fortune of the world’s richest man. The protesters are trying to escalate a movement targeting Tesla dealerships and vehicles…
HONG KONG (Reuters) — Alibaba Group Chairman Joe Tsai said on Tuesday the tech giant would recommence hiring, emboldened with more confidence following Chinese President Xi Jinping’s February meeting with business entrepreneurs. The rare meeting with Alibaba co-founder Jack Ma and other big names in Chinese tech marked a distinct thawing in Beijing’s approach to…
Morgan Stanley’s CIO said bond yields had surpassed levels that support high stock valuations. Investors should focus on a select few sectors in the market, Mike Wilson says. The bank said it favored key sectors with strong earnings, like financials and media. The bond market is sending investors a clear signal about where to invest…
Scammers could be using illegal radio jammers to transmit text messages with a sender ID prefixed with a hashtag, a symbol only available to registered companies, Hong Kong communications authorities warned on Friday. The Office of the Communications Authority (OFCA) said some people had reported receiving suspicious text messages with a “#” symbol, used in…
Scammers could be using illegal radio jammers to transmit text messages with a sender ID prefixed with a hashtag, a symbol only available to registered companies, Hong Kong communications authorities warned on Friday. The Office of the Communications Authority (OFCA) said some people had reported receiving suspicious text messages with a “#” symbol, used in…
Bond yields spiked after the January jobs report. While hiring in January was weaker than expected, other data indicates a strong labor market. Markets increased bets that the Fed will keep rates steady Bond yields shot up on Friday as markets took in the January jobs report. While the nonfarm payroll report showed employers added…
TOKYO — Chinese President Xi Jinping hosted Nepali Prime Minister KP Sharma Oli in Beijing on Tuesday as both countries aimed to strengthen ties through infrastructure projects and cash aid of 300 million yuan ($41 million). China regards Nepal as an important neighbor, and Xi wants to advance the strategic partnership, according to a statement…
Ned Davis Research says investors should watch for signs of a potential peak in the S&P 500. The secular bull market, which began in 2009, is in a mature stage according to NDR’s Tim Hayes. “With the secular bull mature, we’re watching out for signs that it may be at risk,” he said. Thanks for…