China’s top economic official intervened on Wednesday to reassure investors, saying Beijing would take measures to support the economy and financial markets after a sharp sell-off that has accelerated in the wake of Russia’s invasion of Ukraine. Liu He, a vice premier and President Xi Jinping’s closest economic adviser, said the government would take measures […]

Stock futures jumped Wednesday morning as traders awaited the Federal Reserve’s latest monetary policy decision and updated economic projections later in the day. More positive developments on the outlook for Russia-Ukraine talks also helped boost US and global equities. Contracts on the S&P 500, Dow and Nasdaq were each higher by more than 1% in […]

(Bloomberg) — China made a strong push to stabilize battered financial markets, promising to ease a regulatory crackdown, support property and technology companies and stimulate the economy. Most Read from Bloomberg The government should “actively introduce policies that benefit markets,” according to a meeting of China’s top financial policy committee led by Vice Premier Liu […]

(Bloomberg) — The London Metal Exchange halted electronic trading in nickel minutes after it restarted, citing a technical issue with its new daily limit, as prices plunged when the market opened after a week-long suspension. Most Read from Bloomberg Trading briefly restarted at 8 am and nickel futures immediately fell through the 5% daily window […]

What’s Facebook doing on TikTok? Scoping out the competition? DM’ing Charlie? Recruiting beta testers? Buying ads? We’ll know soon enough because the social networking company has set up its own TikTok account, where it’s already amassed some 15.1K followers, as of the time of writing, despite not having posted any public videos. The account is […]