business news

China appoints Xi Jinping loyalists to core leadership group

Chinese President Xi Jinping (L) walks with members of the new Politburo Standing Committee of the Chinese Communist Party, the nation’s top decision-making body, as they meet with the media at the Great Hall of the People in Beijing on October 23, 2022. Noël Celis | AFP | fake images BEIJING — President of China …

China appoints Xi Jinping loyalists to core leadership group Read More »

The Dow rises 200 points as short-term yields fall on the possibility that the Fed will reduce rate hikes

Volatile trading to start on options expiry day Stocks have been volatile in early trading, with the Dow up more than 300 points at one point after opening lower. Friday is a key day for options expiry, which could be contributing to volatility. “On important maturities, options traders track situations where a large amount of …

The Dow rises 200 points as short-term yields fall on the possibility that the Fed will reduce rate hikes Read More »

Russia could be about to withdraw its troops from occupied Kherson

A damaged military vehicle is seen after the withdrawal of Russian forces in Balakliia, Kharkiv Oblast, Ukraine, on September 13, 2022. Anadolu Agency | Anadolu Agency | fake images As Russian authorities continue a mass evacuation of civilians from occupied Kherson in southern Ukraine, defense analysts believe the movement of people is setting the stage …

Russia could be about to withdraw its troops from occupied Kherson Read More »

Stocks down, Japanese yen nears 150 per dollar

Hong Kong-listed airlines rise briefly on report that China is debating easing lockdown Shares of some Hong Kong-listed Chinese airlines briefly soared after a Bloomberg report that Chinese officials are discussing reducing the quarantine period for incoming travellers. Shortly after the report, China Southern Airlines was up 3%, Air China was up about 2%, and …

Stocks down, Japanese yen nears 150 per dollar Read More »

Hong Kong stocks lead losses in mixed Asia trade after John Lee’s speech

William Ma says it’s ‘too early’ to buy property in Hong Kong until policies bring talent back It is still too early to buy real estate shares and physical property in Hong Kong, said GROW Investment Group chief investment officer William Ma. Speaking on CNBC’s “Street Signs Asia,” Ma said short-term investors would have to …

Hong Kong stocks lead losses in mixed Asia trade after John Lee’s speech Read More »

China Xi warned of Taiwan interference, no quick invasion expected: analysts

China will continue to work to become more self-sufficient, but don’t expect the president to Xi Jinping to move into Taiwan by force, analysts said. His comments follow Xi’s speech at the opening of the Chinese Communist Party’s national congress on Sunday. There were little surprises in Xi’s nearly two-hour speech in which he outlined …

China Xi warned of Taiwan interference, no quick invasion expected: analysts Read More »

The full value of the $7,500 electric vehicle tax credit may be hard to come by

Tomekbududodomek | Moment | fake images the historic climate legislation President Joe Biden signed in August and offered a federal tax break, worth up to $7,500, to households buying new electric vehicles. But it can be difficult for consumers to get the full value of the tax credit, at least initially. That’s largely due to …

The full value of the $7,500 electric vehicle tax credit may be hard to come by Read More »

Take advantage of any opportunity to sell stocks in a busy earnings week

CNBC’s Jim Cramer on Friday advised investors to take advantage of any opportunity to sell stocks next week as the busy earnings season continues. “The market is dominated by the tick, tick, tick of bonds, oil and the dollar. So remember, if we have a big bull day like yesterday, it’s an opportunity to do …

Take advantage of any opportunity to sell stocks in a busy earnings week Read More »

UK cliff edge arrives as Bank of England prepares to end bond buying

The Bank’s Financial Stability Committee announced on September 28 a two-week emergency purchase program for long-term UK government bonds. Mayor Bloomberg | Mayor Bloomberg | fake images LONDON — The Bank of Englandof emergency bond purchase program comes to an end on Friday, and traders remain nervous as the volatility in the UK bond market …

UK cliff edge arrives as Bank of England prepares to end bond buying Read More »

Xi Jinping’s technology policy in the spotlight

Chinese President Xi Jinping proposing a toast at the welcoming banquet for leaders attending the Belt and Road Forum at the Great Hall of the People on April 26, 2019 in Beijing, China. Nicholas Asfouri | fake images Xi Jinping once declared, China should “prioritize innovation” and be at the “forefront (of) breakthrough technologies, modern …

Xi Jinping’s technology policy in the spotlight Read More »