BUSINESS
BofA warns of Chinese stock correction ‘soon’ in 2015 repeat
The Hang Seng China Enterprises Index and the MSCI China Index have both surged at least 30% from mid-January lows, akin to the pace of gains seen in 2015 before the market plummeted, strategists led by Winnie Wu wrote in a Monday note.
BUSINESS
BOJ stands pat, signals rising unease over global trade tensions
The central bank added a reference to the evolving situation regarding trade and other policies to its list of risks to the outlook.
BUSINESS
Yen weakens, Asian stocks advance ahead of BOJ
Uncertainty over President Donald Trump’s economic policies, particularly around trade and tariffs, has spurred fears of a recession, with traders seeking clarity from the Federal Reserve policy decision later Wednesday.
MARKETS
Tesla stock slapped down by Chinese rival’s ‘game changer’ tech
Shares of Tesla tumbled as much as 6.6% while BYD Co. shot to an all-time high after unveiling an electric car that can be charged as quickly as a gas vehicle is refueled
BUSINESS
Siemens to cut 6,000 jobs in automation, EV charging units
The automation business, which employs about 68,000 people, has been hit by muted demand in China, and Siemens signaled last year that job cuts were on the horizon.
WORLD
Putin agrees to limit Ukraine attacks but won’t commit to truce
Putin and Trump agreed to “an energy and infrastructure ceasefire” and to begin negotiations on a “maritime ceasefire in the Black Sea
BUSINESS
Meta becomes final magnificent 7 stock to turn negative in 2025
The Facebook parent fell more than 4%, extending a recent selloff.
WORLD
How BYD’s five-minute charges compare with competitors
From “more features for no more price” and “smart driving for all,” BYD can now add “charging as fast as refueling” to its marketing slogans
WORLD
First US Outbreak of H7N9 Bird Flu Since 2017 Spurs Health Worry
The flock is being culled, and the US Department of Agriculture is investigating.
WORLD
Fed Day, once the stock market’s fixation, takes on new meaning
For years, Federal Reserve meetings have been the main event on Wall Street as the central bank fought to contain runaway inflation
WORLD
US births fell in 2023 to lowest level in more than 40 years
Total births for the year fell to 3.6 million, a 2% decline from 2022, according to a report
BUSINESS
Google to expand AI answers to medical queries in search results
The company said that it was rolling out improvements in health-related answers in AI Overviews, a feature in Google searches that puts an AI-generated response at the top of results.
WORLD
JPMorgan stock traders reel in windfall as Trump whipsaws market
JPMorgan Chase & Co. is on track to boost revenue from equities trading by more than 30% this quarter from a year earlier
WORLD
Putin wants all arms to Ukraine halted for Trump truce
The two leaders are set to speak by phone on Tuesday about ending the war in Ukraine
COMPANIES
Shapoorji Pallonji gets binding bids for biggest India private debt deal
The funds will be raised through local currency bonds with a three-year tenor and negotiations on the final coupon are ongoing
AUTOMOBILE
Audi to cut 7,500 jobs in Germany to become more efficient
Volkswagen Chief Executive Officer Oliver Blume is pushing for cost cuts across the group to become more competitive.
TECHNOLOGY
Apple’s worst week since 2022 spurs Wall Street to defend stock
Shares fell nearly 11% last week, the stock’s biggest one-week slump since November 2022.
WORLD
BYD unveils battery system that charges EVs in five minutes
The manufacturer will start selling vehicles with the new technology next month.
MARKETS
Darker than a dark pool? Welcome to Wall Street’s ‘private rooms’
A decade after being engulfed by a controversy that culminated in multiple enforcement actions and a regulator clampdown, these off-exchange trading platforms are touting a way to buy and sell stocks that’s even more opaque
MARKETS
Stocks caught in tug of war between tech and rest
While 85% of the S&P 500’s shares gained, a slide in its biggest companies curbed a bigger advance
WORLD
Retailer Forever 21 files for bankruptcy for second time
With cost-saving initiatives failing to make up for significant losses, US operator F21 Opco filed for Chapter 11 bankruptcy in Delaware
MARKETS
Wall Street braces for oil in $60s range on tariff, OPEC+ risks
Oil’s retreat has been cheered by US President Donald Trump and offers relief for consumers and central banks following years of rampant inflation
WORLD
Kremlin says Putin to speak to Trump as US pushes Ukraine truce
Trump had first announced the call to reporters aboard Air Force One on Sunday, saying there was “a very good chance” for a deal
BUSINESS
EM stocks set for best month since September on China boost
The MSCI Emerging-Market Index has risen nearly 3% in March, on track for the largest monthly advance since September, driven mainly by advances in Chinese equities.
