Hong Kong’s finance industry is thriving from the great divorce between the U.S. and China. Billion-dollar initial public offerings are on the horizon again, as New York-listed mainland companies seek a second home. The city’s blue-chip index has even revised its weighting...
Great Depression-era levels of unemployment. An economy in downward spiral. More than 100,000 dead from a killer virus. Cities in flames amid widespread civil unrest. And a stock market that marches ever higher. The recent U.S....
After a brutal March wrecked an 11-year bull market, there seems be little doubt on Wednesday that equity markets in the U.S. are returning to bullish form after being rocked by COVID-19. That at least applies to recent gains...
Tuesday’s bitcoin price whipsaw can be partially explained by large traders looking to deleverage in the derivatives market. Bitcoin (BTC) was changing hands around $9,512 as of 20:00 UTC (4 p.m. ET), slipping less than 1% over the previous...
The great rotation continues, with some of the most down-trodden names leading the market higher: industrials, airlines, financial institutions, and energy companies. Powerful monetary and fiscal stimulus programs are keeping stocks aloft, as investors continue to shift funds to...
Stocks left behind as the COVID-19 pandemic forced the economy into a virtual shutdown are showing signs of life. That’s justifiable, but investors should look before they rotate into the most beaten-down sectors. “Often times, the greatest bargains will...
Protests over the killing of George Floyd are both “alarming” and “enormously important,” analysts told CNBC on Tuesday, but it is unlikely the ongoing unrest will have a material impact on financial markets. It comes after violent protests on...
A global pandemic, racial strife, political upheaval — and a rising stock market amid the chaos. While it sounds a lot like 2020 it also has echoes all the way from 1968. Both years featured history-making levels of tumult,...
Brief hopes that U.S.-China trade tensions may subside appear to have been dashed. Investors had breathed a sigh of relief on Friday when President Donald Trump chose not to mention sanctions or tariffs at a press conference about China’s new security...
His critics might say “a broken clock is right twice a day,” but that isn’t stopping NYU economist Nouriel Roubini from taking a victory lap for what he’s characterizing as a prescient call, amid the riots that erupted across the U.S. over...
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