China Cuts Interest Rate as Growth Risks Worsen With Omicron
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. …