Bank of America has poached Citigroup’s chief accounting officer Johnbull Okpara to act in the same position. Okpara is replacing Rudolf Bless, who has been in that role at BofA for nearly a decade. ( read original story ...)
China Market Update: Hong Kong Grinds Higher, China Releases August Economic Data
Asian equities were mostly higher overnight while Mainland China was closed for the Mid-Autumn Festival. Japan, South Korea, Indonesia, and Malaysia were also closed. ( read original story ...)
The Chinese Chipmaker at the Heart of the U.S.-China Tech War
Efforts by the Beijing-backed Semiconductor Manufacturing International Corporation, or SMIC, to break through innovation barriers have landed it in a geopolitical tech battle. ( read original story ...)
Stock market today: Wall Street holds near record levels as it heads for a winning week
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 ...)