Stock market on comeback path to what should be another fantastic earnings season

A specialist trader works in a booth on the floor of the New York Stock Exchange (NYSE) in New York City, October 6, 2021. Brendan McDermid | Reuters Stocks proved hard to keep low this week, and the start of earnings season next week could further bolster the comeback if earnings come in as expected … Read more

Dow closes near flat line on Friday after jobs miss opportunity, but wins the week

The Dow had changed little on Friday, posting a winning week as optimism about a short-term debt ceiling deal surpassed a disappointing jobs report. The Dow Jones Industrial Average fell 8.69 points to 34,746.25. The S&P 500 fell about 0.2% to 4,391.34. The tech-focused Nasdaq Composite fell 0.5% to 14,579.54. The big averages all finished … Read more

Japan’s Nikkei 225 drops more than 3%

SINGAPORE – Asia-Pacific stocks fell in Tuesday morning’s trading after overnight losses on Wall Street, with the tech-heavy Nasdaq Composite falling more than 2%. In Japan, the Nikkei 225 fell 3.21% as shares of Fast Retail fell 6.87%. The Topix index also fell 2.05%. Tuesday’s declines put the Nikkei in correction territory, more than 10% … Read more

Asia-Pacific stocks mixed; Hong Kong Evergrande Shares Stopped Trading

SINGAPORE – Asia-Pacific stocks were mixed in Monday morning’s trading after Merck announced its new oral antiviral treatment for Covid that reduces the risk of hospitalization or death. Hong Kong’s Hang Seng index fell 0.78%. Dealing in the Hong Kong-listed Shares of China Evergrande was shut down Monday as investors continue to monitor the situation … Read more

US stock futures rise after Nasdaq slumps in interest-induced sell-off

US stock futures were higher Wednesday morning after the Nasdaq plunged on its worst day since March, when a spike in bond yields sent stocks tumbling. The Dow Jones Industrial Average futures rose 167 points. S&P 500 and Nasdaq 100 futures both traded in positive territory. Shares of the Semiconductor Company Micron fell more than … Read more

Dallas Fed President Kaplan to retire early on October 8

Robert Kaplan, president of the Dallas Federal Reserve, is the second regional central bank leader to resign Monday. Kaplan’s early retirement follows an announcement earlier in the day from Boston Fed President Eric Rosengren who said he will also be leaving, but mentioned health concerns and not the issue of his investment portfolio activity. “The … Read more

Bitcoin and Ether are sliding as China intensifies crackdown on cryptocurrencies

Bitcoin and ether tumbled Friday, with traders startled by harsh talk from China. The price of bitcoin fell about 5% to $42,496.12, according to data from Coin Metrics. Ether, the second largest digital currency, fell 7% to $2,921.53. It comes after the People’s Bank of China said in a Q&A that all crypto-related activities are … Read more

Dow Trading Nearly Flat On Friday As Markets Wrap Up Volatile Week, Nike And Crypto Stocks Drop

The S&P 500 and the Dow Jones Industrial Average were nearly flat on Friday, ending a volatile week on Wall Street. A move by China to ban cryptocurrencies weighed on the tech sector and Nike stocks plummeted as supply chain problems caused by the pandemic hit the sneaker giant. The Dow Jones Industrial Average added … Read more

Japanese Nikkei 225 jumps 2%; investors follow Evergrande situation

SINGAPORE — Stocks in Asia-Pacific were mixed on Friday as investors followed developments around the China Evergrande Group. The Nikkei 225 in Japan rose 2.06% to close at 30,248.81, with shares of Fast Retail and Softbank group by 1.5% and 2.76% respectively. The Topix index gained 2.31% and closed the trading day at 2,090.75. South … Read more

$83 million interest payment on dollar bonds

A man drives a cart past apartment buildings of China Evergrande Group’s Life in the Venice real estate and tourism development in Qidong, Jiangsu province, China, on Tuesday, September 21, 2021. Qilai Shen | Bloomberg | Getty Images Chinese property developer evergrande has not said whether it will honor its interest payments on its US … Read more

Dow jumps 500 points as comeback rally intensifies, turns positive for the week

US equities rallied for the second day as fears of a crisis in the Chinese real estate market eased somewhat and the Federal Reserve continued the current monetary stimulus just a little longer. The Dow Jones Industrial Average gained 506 points, or 1.5%. The S&P 500 rose 1.3% and the Nasdaq Composite gained 1%. Thursday … Read more

Hang Seng jumps in Hong Kong; Evergrande Shares Rising

SINGAPORE — Asia-Pacific stocks were especially higher in trading on Thursday as investors in Asia-Pacific assessed the situation around the China Evergrande Group. Hong Kong Hang Seng Index rose 1.02% after losses earlier in the week. It was back in business on Wednesday after a holiday. Shares of the city’s China Evergrande Group were up … Read more

Mainland China Markets Resume Trading, Evergrande Crisis

SINGAPORE – Mainland China markets fell more than 1% on Wednesday before rebounding somewhat amid the ongoing Evergrande crisis as markets reopened to trading after a two-day break. With global markets sold out earlier this week, investors kept a close eye on Chinese markets for any fallout around the embattled developer. Both Shanghai composite and … Read more

Stock futures open slightly lower ahead of Federal Reserve update

US stock futures opened slightly lower on Tuesday night after the big averages tried but failed to recover from Monday’s Evergrande-led sell-off during the regular session. The Dow Jones Industrial Average futures fell 50 points, or 0.15%. S&P 500 futures and Nasdaq 100 futures fell 0.19% and 0.22% respectively. In regular trading, the Dow lost … Read more

Stock Futures Rise After S&P 500’s Worst Day Since May; Fed meeting ahead

US stock futures were higher in overnight trading Monday after a major sell-off on Wall Street that resulted in the S&P 500’s worst day since May. The Dow Jones futures rose 131 points. S&P 500 futures and Nasdaq 100 futures both traded in positive territory. Major averages tumbled Monday by a confluence of concerns, including … Read more

Bitcoin Drops as Much as 10% as Risky Assets Fall Globally, Regulatory Concerns Rise

Bitcoin prices fell sharply amid the global stock selloff. Luke MacGregor | Bloomberg | Getty Images The price of bitcoin fell sharply on Monday as investors began to shed risk amid a decline in global stock markets. While bitcoin Often referred to as a safe haven, the growing reality is that its price tends to … Read more

Stock futures fall after Dow trades for three consecutive losing weeks

A trader works on the floor of the New York Stock Exchange (NYSE) in Manhattan, New York City, USA, August 20, 2021. Andrew Kelly | Reuters US stock futures were lower early Monday morning after the Dow Jones Industrial Average turned three consecutive weeks of losses for the first time since September 2020. Futures on … Read more

Fed Chief Powell owned the same type of asset bank that was used during Covid. was bought

(Editor’s Note: This story has been updated to reflect new information. Fed Chairman Powell owned the municipal bonds in a joint account that he controlled. Due to misinformation provided by the Federal Reserve, CNBC initially reported that Powell owned the munis in a family trust over which he had no control.) Amid an outcry at … Read more

Suspicious Bets Made Before Goldman’s $2.2 Billion GreenSky Acquisition

The day before Goldman Sachs announced her $2.2 billion purchase of fintech lender Green Sky, someone placed options trades that immediately rose in value, moves that market participants say indicate insider knowledge of the deal. On September 14, the trader bought 8,000 options that, according to the market participants, would only pay off if the … Read more

Investors react to mixed US economic data

SINGAPORE – Asia Pacific stocks appeared poised for a muted opening on Friday as investors react to mixed US economic data released overnight. Futures pointed to a slightly modified opening for Japanese stocks, with the Nikkei futures contract in Chicago at 30,340, while its counterpart in Osaka stood at 30,290. That compared to the Nikkei … Read more

Stock futures have changed little after the best day of the S&P 500 in over two weeks

A trader operates on the New York Stock Exchange (NYSE), August 19, 2021. Andrew Kelly | Reuters Stock futures had changed little in early morning trading on Thursday after a rally on Wall Street as the market tried to avert the seasonally weak September. Futures on the Dow Jones Industrial Average fell just 5 points. … Read more

Hong Kong Casino Shares Continue to Fall on Regulatory Fears

SINGAPORE — Asia-Pacific stocks were mixed in trading Thursday morning, with Hong Kong casino stocks mostly taking another day of losses. Shares of Wynn Macau in Hong Kong fell by 4.06%, Sand China fell 4.39% and Melco International Development loss 4.25%. In the meantime, Galaxy entertainment group won 1.79%. Those moves follow a Wednesday plunge … Read more

Stocks bounce slightly as markets battle September’s doldrums

The Dow Jones Industrial Average tried to recover on Wednesday after a series of negative trading sessions in September. The blue chip index rose about 80 points, or 0.2%. The S&P 500 rose 0.2%. The Nasdaq Composite was trading near the flatline. Some bullish economic news released before the bell on Wednesday helped stabilize investor … Read more

Consumer price index August 2021 lower than expected increase

Prices for a range of consumer goods rose less than expected in August, a sign that inflation may be beginning to cool, the Labor Ministry said on Tuesday. The consumer price index, which measures a basket of common products and various energy goods, rose by 5.3% from a year earlier and by 0.3% from July. … Read more

Consumer price index August 2021 lower than expected increase

Prices for a range of consumer goods rose less than expected in August, a sign that inflation may be beginning to cool, the Labor Ministry said on Tuesday. The consumer price index, which measures a basket of common products and various energy goods, rose by 5.3% from a year earlier and by 0.3% from July. … Read more

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