SINGAPORE — Japan led declines in Asia-Pacific markets but Hong Kong stocks rose on Thursday following two days of declines on Wall Street. The Nikkei 225 in Japan fell 1.69%, while the Topix slid 1.83%. Shares of Fast Retailing dropped 2.84%. Hong Kong’s Hang Seng index rose 0.55% and the Hang Seng tech index rose […]
Federal Reserve officials discussed how they want to reduce their trillions in bond holdings at their March meeting, with a consensus amount around $95 billion, minutes released Wednesday showed. Officials “generally agreed” that a limit of $60 billion in Treasurys and $35 billion in mortgage-backed securities would be allowed to roll off, phased in over […]
Chairman Joe Manchin, DW.Va., conducts a Senate Energy and Natural Resources Committee hearing on domestic and international energy price trends, in Dirksen Building on Tuesday, November 16, 2021. tom williams | CQ-Roll Call, Inc. | Getty Images Sen. Joe Manchin said Monday that he is “deeply concerned” about the new climate disclosures proposed by the […]
Jamie Dimon, CEO of JPMorgan Chase speaks to the Economic Club of New York in New York, January 16, 2019. Carlos Allegri | Reuters Jamie Dimon, CEO and chairman of the biggest US bank by assets, pointed to a potentially unprecedented combination of risks facing the country in his annual shareholder letter. Three forces are […]
As Covid restrictions eased, rebounds in the leisure and hospitality and business sectors helped to drive a strong March jobs report. The US economy added more than 400,000 jobs in the final month of the first quarter, the Labor Department said Friday. Leisure and hospitality, which includes hotels, restaurants and amusement parks, added a net […]
SINGAPORE — Shares in Asia-Pacific fell in Friday trade following overnight losses on Wall Street as a private survey showed Chinese manufacturing activity shrank in March. Chinese tech stocks in Hong Kong saw sizable losses, with Alibaba falling 3.93% and Baidu plunging 6.01%. JD.com shed 3.25% while Meituan slipped 1.03%. The Hang Seng Tech index […]
Jeff Bezos and Jamie Dimon. Getty Images | CNBC Amazon has chosen to renew a deal allowing JPMorgan Chase to issue the tech giant’s flagship rewards credit card, ending months of heated negotiations, CNBC has learned. The Amazon Prime Rewards card was one of the industry’s most highly coveted co-brand deals, a rare prize because […]
Vlad Tenev, CEO and co-founder Robinhood Markets, Inc., is displayed on a screen during his company’s IPO at the Nasdaq Market site in Times Square in New York City, US, July 29, 2021. Brendan McDermid | Reuters Check out the companies making headlines in midday trading. Robinhood — Shares of the stock-trading app fell 5.8% […]
US equities futures dipped slightly on Wednesday after stocks extended their rally in the previous session, even as fears of an inverted yield curve sparked recession concerns and continued investors watching developments play out in Ukraine. Futures tied to the Dow Jones Industrial Average slipped by 57 points, or 0.2%. S&P 500 futures fell 0.2%, […]
SINGAPORE — Shares in Asia-Pacific were largely higher in Wednesday trade as investors watch for developments surrounding the war in Ukraine. Mainland Chinese stocks led gains among the region’s major markets, with the Shanghai composite climbing 1.96% on the day to 3,266.60 and the Shenzhen component rising 3.1% to 12,263.80. Hong Kong-listed shares of embattled […]
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