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SINGAPORE — Shares in China lagged among Asia-Pacific markets on Tuesday, with the release of much better-than-expected Chinese economic data offering little respite. Hong Kong’s Hang Seng index fell 6.35% in afternoon trade. That came after the benchmark index closed at its lowest since March 2016 on Monday. Chinese tech stocks in Hong Kong were […]
Citizens buy food at a street stall in Chengdu, Sichuan province, China, on June 22, 2021. Future Publishing | Future Publishing | Getty Images BEIJING — China reported Tuesday better-than-expected growth in retail sales, fixed asset investment and industrial production to start the year. The data releases combine the two months of January and February […]
Stocks and oil prices tumbled Monday as investors assessed the impact of new Covid-19 outbreaks in China and awaited a likely interest-rate increase by the Federal Reserve later this week. The technology-focused Nasdaq Composite dropped 262.59 points, or 2%, to 12581.22, its lowest level since December 2020, as China locked down the key manufacturing regions […]
Text size Russia continues to attack Ukraine. Above, a resident carries belongings out of a heavily damaged apartment building in Kharkiv on Sunday. AFP via Getty Images Stocks gave up earlier gains Monday, as investors monitored continued talks between Russia and Ukraine ahead of Wednesday’s decision from the Federal Reserve. Technology stocks were hit hard. […]
Yields on US government bonds have surged back to their highest levels since 2019, reflecting investors’ growing bets that Russia’s invasion of Ukraine won’t slow the momentum toward higher interest rates. The yield on the benchmark 10-year US Treasury note settled at 2.139%, up from 2.004% Friday and its highest close since June 2019. Yields, […]
Tsingshan Holding Group said large banks agreed to continue discussing a potential settlement with the Chinese metals producer, whose wrong-way bets led to a dayslong suspension of nickel trading on the London Metal Exchange. JPMorgan Chase JPM 0.99% & Co. and other banks are seeking billions of dollars that Tsingshan owes them for trades the […]
In a four-story apartment building in Brooklyn, New York, a very small company is implementing a very big idea: Electrify every building in the United States by leasing landlords the necessary equipment to make the transition. BlocPower is a Brooklyn-based start-up that has “greened” more than 1,200 buildings in New York City and has similar […]
Oliver Strewe | The Image Bank | Getty Images Investors who sell gold, silver and other precious-metal exchange-traded funds may find their profits taxed at a higher rate than other holdings like stocks and bonds. The IRS treats ETFs backed by physical precious metals as collectibles for tax purposes, according to accountants. Collectibles — like […]
Stocks climbed and oil prices tumbled Monday, easing fears that a surge in commodity prices could stall the US economy as investors awaited a likely interest-rate increase by the Federal Reserve later this week. The Dow Jones Industrial Average rose nearly 1%, and the S&P 500 gained 0.6%. The benchmark stock index has fallen for […]
Rising food prices could lead consumers to expect higher inflation, becoming a self-fulfilling prophesy. Here, a market in Brooklyn, NY, on a recent day. Spencer Platt/Getty Images Text size The latest increase in consumer prices is worse than it looks, and it may only be the start. The consumer price index jumped 7.9% in February […]
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