China Cuts Interest Rate as Growth Risks Worsen With Omicron
Zeno Markets 8
China’s central bank cut its key interest rate for the first time in almost two years to help bolster an economy that’s lost momentum because of a property slump and repeated virus outbreaks. …
JPMorgan, Albertsons, Delta Air Lines: Stocks That Defined the Week
The trading boom is slowing down. JPMorgan on Friday said its quarterly profit dropped 14%, and Citigroup’s fourth-quarter profit fell 26% as both Wall Street giants reported falling trading revenue. …
Country Garden Drop Weighs on Property Sector: Evergrande Update
Shares of Country Garden Holdings Co. fell for a third day after China’s largest developer failed to get enough interest for a $300 million convertible bond, weighing on other higher-rated property firms amid contagion concerns. …
Asia Stocks Slip With Futures as Rate Hikes Mulled: Markets Wrap
Most Asian stocks slipped with U.S. and European futures Thursday after a U.S. inflation print intensified calls for interest-rate increases as soon as March. …
Asia Stocks Steady Amid Bond Turmoil; Dollar Rises: Markets Wrap
Stocks in Asia traded cautiously Monday as investors brace for bond-market volatility and stimulus withdrawal. The dollar rose. …
European Stocks Rise, U.S. Futures Pare Losses: Markets Wrap
European stocks rose and U.S. index futures trimmed losses as investors weighed the outlook for global inflation against expanded Covid-related curbs. A technology rout that battered Asia had little impact on Europe. …
London’s Warmest New Year’s Ever Brings Relief to Energy Markets
New Year’s Eve is set for record-breaking temperatures in London as gusts of warm wind sweep across England, bringing much needed relief to an energy market facing an unprecedented crisis. …
Elon Musk Exercises Final Batch of Tesla Stock Options Behind Ceo’s Recent Share Dealings
Elon Musk has exercised the final batch of a package of vested Tesla Inc. stock options that have underpinned several weeks of share dealings by the chief executive. …
Beyond Didi: Watch These Homecoming China Stock Listings in 2022
With Didi Global Inc. seeking a listing in Hong Kong less than a year after its tumultuous debut in New York, investors are looking for other U.S.-traded Chinese names that could potentially offer shares closer to home amid regulatory pressures. …
Chinese Stocks Cut $600 Billion from U.s. Markets in 2021, and Are Just Getting Started
Chinese stocks that trade in the U.S. have always been a double-edged sword for investors, but Americans now face a wicked blade as years of buildup leads to an inevitable end. …
