Recent government data have shown further progress on trimming inflation closer to the Fed's 2% goal. Inflation in the U.S. hit a four-decade high in 2022, inspiring the U.S. central bank to institute ... ( read original story ...)
Stock markets diverge before Fed as China woes weigh
European and Asian stock markets diverged Monday as investors awaited the US Federal Reserve's first interest-rate cut since 2020, while worries over the Chinese economy dragged down sentiment. ( read original story ...)
Alibaba Shares Rise After Addition to China Stock Trading Links
Alibaba Group Holding Ltd.’s stock rose in Hong Kong after it was made directly accessible to investors in mainland China for the first time. ( read original story ...)
Stock Futures Struggle for Direction After Winning Week
Dow futures are up triple digits this morning, but Nasdaq futures are sharply lower Fresh off one of the best weeks of 2024, stock futures are all over the ... though the region’s Shanghai Composite, ... ( read original story ...)
Stock markets waver before Fed decision
US and European stock markets wavered on Monday as investors cautiously awaited the US Federal Reserve's first interest-rate cut since 2020. ( read original story ...)
Shanghai Slammed by Strongest Typhoon to Hit City Since 1949
The strongest typhoon in more than seven decades has struck China’s financial capital, bringing gale-force winds and heavy rain to the eastern seaboard and disrupting holidaymakers at the start of a ... ( read original story ...)
Typhoon Bebinca lashes Shanghai in strongest storm to hit city since 1949
The normally-bustling financial hub of Shanghai was brought to a standstill on Monday as residents sheltered at home to wait out the worst of Typhoon Bebinca. The Category 1 storm, which made landfall ... ( read original story ...)