Finance Minister Shunichi Suzuki and other dignitaries rang a bell at the Tokyo Stock Exchange to herald the opening of trading for 2022. Wall Street got 2022 off to a solid start with more record highs for the S&P 500 and the Dow Jones Industrial Average. Technology stocks and a mix of retailers and other […]
The S&P 500 finished with a gain of 26.9% for the year, or a total return of 28.7%, including dividends. A wave of consumer demand fueled by the reopening of economies pumped up corporate profits more than expected in 2021, which helped keep investors in a buying mood. There was also intense interest in so-called […]
Some benchmarks, like the Hang Seng in Hong Kong which has suffered from troubles in China’s property sector and U.S.-Chinese friction, have languished. On Thursday, the S&P 500 index slipped 0.3% a day after notching a record high, closing at 4,778.73. The S&P 500 is headed for a gain of more than 27% for 2021, […]
Stocks slipped in Paris and Tokyo, inched higher in Seoul and Hong Kong and were nearly unchanged in London. A day earlier, Wall Street’s benchmark S&P 500 index rose 0.6% to set a record as investor fears ebbed about how badly the omicron variant will hit the economy. Of course, much is still uncertain about […]
crude climbed 50 cents to $71.62 per barrel in electronic trading on the New York Mercantile Exchange. …Read the full story
crude climbed 59 cents to $71.71 per barrel in electronic trading on the New York Mercantile Exchange. …Read the full story
Much of the concern over the outlook has been driven by the omicron variant of coronavirus. Tokyo’s Nikkei 225 index rose 2% to 28,496.83 and the Hang Seng in Hong Kong added 0.3% to 22,798.23. Markets are also still absorbing last week’s momentous move by the Federal Reserve to more quickly remove the aid it’s […]
The market’s pullback, with the S&P 500 fresh off its 67th all-time high this year, comes as investors look ahead to the Federal Reserve’s latest economic and interest rate policy update on Wednesday. Stocks have been mostly pushing higher, despite a volatile stretch in late November as worries about the rise of the omicron variant […]
The Office for National Statistics found Tuesday that the number of workers on payroll rose by a record 257,000 in November to a record 29.4 million. The emergence of omicron over the past couple of weeks has created renewed uncertainty over the economic outlook, raising the specter of renewed job losses as firms respond to […]
— California’s 26-year-old program to get more people to put solar panels on their homes has been wildly successful, but state regulators may lower the incentives for people to go solar in a bid to reduce electricity bills for the rest of residents in the most populous U.S. Current incentives allow residential solar customers to […]
Surging costs for food, energy, housing and other items have left Americans enduring their highest annual inflation rate since 1982. The latest inflation data comes ahead of the Federal Reserve’s two-day meeting of policymakers next week. “The inflation print from this morning will reinforce the Fed’s resolve to accelerate tapering. Apart from a decline Thursday, […]
Yi Gang’s comments by video to a seminar in Hong Kong added to indications Beijing has no plans to bail out Evergrande Group. “Evergrande’s hazard is a market event that will be properly handled in accordance with market principles and law,” Yi said. Default is all but certain after Evergrande, the global real estate industry’s […]
Didi gave no explanation, but China’s leaders increasingly fret about who controls information gathered about its public by e-commerce, ride-hailing and other tech companies. “After conscientious research, the company will start delisting operations on the New York Stock Exchange immediately and commence preparations to list in Hong Kong,” Didi said on its social media account. […]
It now operates in 465 cities across eight countries in Southeast Asia – Cambodia, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam. SPAC mergers have gained popularity over the last year as they allow companies to go public and gain capital more cheaply and more quickly than using a conventional initial public offering process. […]
NEW YORK — Stocks sank Friday, with the Dow Jones Industrial Average briefly falling more than 1,000 points, as a new coronavirus variant first detected in South Africa appeared to be spreading across the globe. That was evident from the action in the bond market, where the yield on the 10-year Treasury note fell to […]
NEW YORK — Shoppers buoyed by solid hiring, healthy pay gains and substantial savings are returning to stores and splurging on all types of items. But the big question is how much will supply shortages, higher prices and staffing issues dampen shoppers’ mood this holiday season. But that’s no sure thing after two regions in […]
NEW YORK — Shoppers buoyed by solid hiring, healthy pay gains and substantial savings are returning to stores and splurging on all types of items. But the big question is how much will supply shortages, higher prices and staffing issues dampen shoppers’ mood this holiday season. But that’s no sure thing after two regions in […]
That’s the highest quarterly total of housing starts for built-to-rent homes going back to at least 1990, according to an analysis of U.S. Rising home prices and fierce competition for relatively few affordable homes for sale are stretching the limits of affordability for many would-be buyers. single-family homes jumped 10.2% in September from a year […]
Japan’s Nikkei 225 dropped 1.1% to 29,436.73 in early trading, following a national holiday Tuesday. “Markets continue to shift their expectations toward a tighter Fed monetary policy,” said Yeap Jun Rong, a market strategist at IG, adding that investors will be watching for U.S. Wall Street closed out a wobbly day of trading, as gains […]
