(Kitco News) Recession signals were front and center as a key section of the US yield curve inverted and the gold market retreated back to below the $1,920 an ounce level. Markets also digested Russia promising to reduce its attacks on Ukraine and Philadelphia Fed President Patrick Harker stating recession in the US […]
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 […]
text size Shares of memory-chip maker Micron were up nearly 3% on Tuesday, in advance of the earnings report. Dreamstime Memory chip maker Micron Technology posted better-than-expected results for its latest quarter on Tuesday. The firm also provided an optimistic outlook that exceeded Wall Street’s estimates, as pricing improved across the company’s product portfolio. Micron […]
text size Shares of memory-chip maker Micron were up nearly 3% on Tuesday, in advance of the earnings report. Dreamstime Memory chip maker Micron Technology posted better-than-expected results for its latest quarter on Tuesday. The firm also provided an optimistic outlook that exceeded Wall Street’s estimates, as pricing improved across the company’s product portfolio. Micron […]
US Senator Elizabeth Warren (D-MA) questions Treasury Undersecretary For Domestic Finance Nellie Liang as she testifies before the Senate Banking Committee, in Washington, DC, February 15, 2022. Win McNamee | Pool | Reuters Sen. Elizabeth Warren on Tuesday praised the Biden administration’s renewed effort to introduce a new tax on the country’s wealthiest households, calling […]
Take a look at some of the biggest movers in the premarket: Nielsen Holdings (NLSN) – The TV ratings company’s stock surged 20.9% in the premarket after it agreed to be acquired by a private-equity consortium for $28 per share. The deal is worth $16 billion, including assumed debt. FedEx (FDX) – FedEx CEO Fred […]
SINGAPORE — Stocks across Asia-Pacific rose, following a tumble in oil prices overnight. Bitcoin meanwhile surged past a key level, and the yen continued to weaken. Hong Kong’s Hang Seng index jumped 0.45%, as casino and tech stocks rose. Among the biggest gainers was JD Health, which soared nearly 16%, after it said Monday it […]
Text size A cyclist rides past an AMC theater in San Francisco in the spring of 2020. Justin Sullivan/Getty Images Even stocks are back on the menu. Shares of AMC Entertainment Holdings , GameStop , and Bed Bath & Beyond leapt Monday in a resurgence of the frenzied buying that took them through the roof […]
A digital screen displays the prices of cryptocurrencies to US dollar in Hong Kong, China, on Friday, March 25, 2022. Paul Yeung | Bloomberg | Getty Images The price of bitcoin jumped Monday following a slew of bullish developments for the cryptocurrency, even as investors continue to monitor developments in the war in Ukraine and […]
Britain’s Chancellor of the Exchequer Rishi Sunak leaves the 11 Downing Street, in London, on March 23, 2022. Daniel Leal | AFP | Getty Images LONDON — The UK government will soon reveal plans to regulate the cryptocurrency market, focusing on a fast-growing type of token known as stablecoins, according to four industry sources familiar […]
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