A Chinese bank clerk counts yuan banknotes at a bank in Huaibei, east Chinas Anhui Province, July 6, 2012. Jie Zhao | Corbis News | Getty Images BEIJING — Chinese investors are turning to the local stock market as once-lucrative options like real estate and cryptocurrencies have fallen under tighter government scrutiny. Since late July,
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A major investment bank is avoiding Chinese stocks, but buying its bonds. J.P. Morgan’s Joyce Chang believes the country’s regulation crackdown is heating up and will create downward pressure on major market groups and industries. “We really recommended [investors] to stay sidelined for the time being,” the firm’s chair of global research told CNBC’s “Trading
A dog sits in front of the New York Stock Exchange (NYSE) during Chewy Inc.’s initial public offering (IPO) in New York, U.S., on Friday, June 14, 2019. Michael Nagle | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Five Below — The retail stock tumbled more than 10% after the
A dog sits in front of the New York Stock Exchange (NYSE) during Chewy Inc.’s initial public offering (IPO) in New York, U.S., on Friday, June 14, 2019. Michael Nagle | Bloomberg | Getty Images Check out the companies making headlines after the bell. ChargePoint Holdings — ChargePoint, which makes charging systems for electric vehicles,
Traders on the floor of the New York Stock Exchange Source: The New York Stock Exchange U.S. stock futures were little changed on Wednesday night after the S&P 500 finished the first trading session of the month near the flatline. Dow Jones Industrial Average futures rose 5 points, or 0.01%. S&P 500 and Nasdaq 100
Air travelers wait in the ride share lot near a sign for Uber at Los Angeles International Airport (LAX) on August 20, 2020 in Los Angeles, California. Mario Tama | Getty Images Check out the companies making headlines in midday trading. Ambarella — Shares of the semiconductor company surged 20% after Ambarella beat expectations on
A general view of the atmosphere at the TommyXZendaya collection launch event at the Tommy Hilfiger store on March 3, 2019 in London, England. (Photo by David M. Benett/Dave Benett/Getty Images for Tommy Hilfiger) David M. Benett | Getty Images Entertainment | Getty Images Check out the companies making headlines after the bell. CrowdStrike Holdings
Traders work on the floor of the New York Stock Exchange (NYSE), Aug. 3, 2021. Michael Nagle | Bloomberg | Getty Images U.S. stock futures opened slightly higher Tuesday night after the S&P 500 notched a seven-month win streak in August. Dow Jones Industrial Average futures rose 45 points, or 0.13%. S&P 500 and Nasdaq
Zoom founder Eric Yuan poses in front of the Nasdaq building as the screen shows the logo of the video-conferencing software company Zoom after the opening bell ceremony on April 18, 2019 in New York City. Kena Betancur | Getty Images Check out the companies making headlines in midday trading. Zoom — The video-conferencing software company
A Meituan food courier delivers a bag of food to a resident of a neighborhood under lockdown due to the recent COVID-19 outbreak on August 11, 2021, in Zhangjiajie, Hunan Province of China. Yang Huafeng | China News Service | Getty Images BEIJING — China’s services industry contracted in August for the first time since
The bull sculpture representing the rise of the market by artist Reinhard Dachlauer is pictured in front of the stock exchange in Frankfurt, Germany, on December 29, 2020. Daniel Roland | AFP | Getty Images Stock futures rose slightly in overnight trading on Monday as the S&P 500 looks to wrap up its seventh straight
In this article BRK.A Warren Buffett walks through the exhibit hall as shareholders gather to hear from the billionaire investor at Berkshire Hathaway’s annual meeting in 2019. Scott Morgan | Reuters Now 91, Warren Buffett is taking steps to make sure that Berkshire Hathaway — and his eventual successor — will be better positioned to
The market’s biggest bull predicts the S&P 500 will rally another 7%, but he warns a popular trade won’t be along for the ride. Wells Fargo Securities’ Chris Harvey recently cut software to underweight from neutral and declared it a crowded trade. He based the decision on technicals and earnings fundamentals and high valuations. “From
A trader works on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Monday, Aug. 23, 2021. Michael Nagle | Bloomberg | Getty Images U.S. stock futures were steady in overnight trading on Sunday as investors readied for the final trading days of August. Dow futures rose just 11 points.
Federal Reserve Chair Jerome Powell testifies during a U.S. House Oversight and Reform Select Subcommittee hearing on coronavirus crisis, on Capitol Hill in Washington, June 22, 2021. Graeme Jennings | Pool | Reuters For the Federal Reserve, implementing the easiest monetary policy in the institution’s history was tough enough. Getting out will be no treat,
Investor Peter Boockvar is sounding the alarm on a housing price bubble brought on by the Federal Reserve’s Covid pandemic policies. He warns first-time homebuyers are most vulnerable to dramatic losses. “I feel bad for the people who bought homes over the past year because they’re the ones that paid the very elevated prices,” the chief
In this article HPQ GPS PTON HIBB BIG AAPL Check out the companies making headlines before the bell: Big Lots (BIG) – The discount retailer’s shares tumbled 9.5% in premarket trading after it missed top and bottom-line estimates for its latest quarter. Big Lots earned $1.09 per share, 3 cents shy of analyst forecasts, and
[The stream is slated to start at 10 a.m. ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chairman Jerome Powell delivers his much-anticipated speech Friday morning as part of the central bank’s virtual Jackson Hole symposium. Markets do not expect Powell to break any major
In this article GPS MRVL PTON WDAY DELL Dell CEO Michael Dell delivers a keynote address during the 2013 Oracle Open World conference on September 25, 2013 in San Francisco, California. Justin Sullivan | Getty Images Check out the companies making headlines in midday trading. Peloton – Shares of the cycle maker tumbled more than
Federal Reserve Chairman Jerome Powell indicated Friday that the central bank is likely to begin withdrawing some of its easy-money policies before the end of the year, though he still sees interest rate hikes off in the distance. In a much-anticipated speech as part of the Fed’s annual Jackson Hole symposium, Powell said the economy