Xiaomi’s 103% rally puts EV dark horse on the brink of new record high
Investors are hoping to see a similar trajectory to when Xiaomi launched its first smartphone in 2011 and grew within a few years to rival Apple Inc. and Samsung Electronics Co., making its founder Lei Jun a billionaire in the process.
Trump Rings NYSE Bell as Time’s 2024 Person of the Year | N18G
Donald Trump will ring the New York Stock Exchange opening bell on December 12, coinciding with his selection as Time magazine’s 2024 "Person of the Year." The bell-ringing, a prestigious tradition marking the trading day's start, has featured notable figures like Ronald Reagan and Nelson Mandela. Trump, who earned the title in 2016, joins a lineup that previously included Joe Biden, Kamala Harris, and Taylor Swift. Known for leveraging stock market performance to tout his presidency's success, Trump returns to his roots as a New York real estate mogul while embracing his political resurgence with this symbolic and high-profile moment.
World Gold Council sees modest growth in 2025 after best year in over a decade
The possibility of a trade war during US President-elect Trump’s second term will be a major overhang. The report says an upside could come from a stronger central bank demand in 2025, or a 'rapid deterioration' of financial conditions.
China signals more fiscal stimulus, rate cuts to boost economy
Top officials led by President Xi Jinping also vowed to deliver rate cuts and lower the reserve requirement for banks during a two-day huddle of the Central Economic Work Conference in Beijing, according to China Central Television.
Asian stocks rise, dollar weakens ahead of US CPI
Stocks in Hong Kong and mainland China advanced as an annual economic meeting begins in Beijing on Wednesday
China stocks jump on Politburo's promise of rate cuts, consumption boost
MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.3%, led by a 1% gain for the Hang Seng index and a 2% rise in the blue chip CSI300 index
China changes monetary policy stance first time in nearly 14 years to 'moderately loose'
The Politburo, which has the most senior officials of the ruling Communist Party’s, led by President Xi Jinping made the announcement.
Saudi Arabia cuts oil prices after OPEC+ delays reviving output
Earlier, OPEC+ — led by Saudi Arabia and Russia — agreed to push back production increases planned for the start of January by another three months, following two previous delays.
Asian stocks slip with South Korea, Middle East in focus
Korea’s equity benchmark dropped as much as 1.8% in opening trade, with Australian shares also slipping. Japanese stocks were flat
US jobs report to show hiring rebounded after storms and strike
Nonfarm payrolls probably rose 220,000 last month after a meagre 12,000 increase in October, according to the median estimate in a Bloomberg survey of economists.
Asian equities edge lower ahead of US jobs data
Equities in Japan, Australia and futures in Hong Kong all fell, taking cues from the downbeat mood on Wall Street
Bitcoin Crosses $100,000: How Can Indian Investors Ride The Wave?
Bitcoin Crosses $100,000: Bitcoin has stormed past the $100,000 mark, marking a historic milestone fuelled by a mix of political and economic developments in the United States. The cryptocurrency‘s recent rally comes amid growing institutional confidence and a pro-crypto policy shift under the leadership of US President-Elect Donald Trump.
Bitcoin reaches $100,000 on Trump's pro-crypto SEC pick, Putin's comments
Bitcoin prices have more than doubled so far this year, and are higher by about 45% since Trump's election victory.
Asian stocks mirror US advance; yen strengthens
Equities in Japan and Australia climbed, while those in South Korea fell as the country’s opposition party sought to impeach President Yoon Suk Yeol
China tech stumbles in hunt for Wall Street’s AI gold rush
The Nasdaq 100 has soared more than 75% since ChatGPT was introduced two years ago, compared with Hang Seng Tech Index’s 16% gain
Asian stocks slip as Kospi slides on South Korea's political turmoil
The benchmark Kospi Index fell as much as 2% early Wednesday after South Korea-related assets all dropped overnight
Asian stocks edge up, euro falls on French concern
The MSCI gauge of Asian shares headed for a second day of gains with benchmarks in South Korea and Australia among those gaining
Buffett donates $1.14 billion in Berkshire shares to charities
The 94-year-old investor will convert 1,600 of Berkshire’s Class A shares into 2.4 million Class B shares
China's equity selloff worst since October 9: Here's the Texas connection
This is not the first time that Texas has echoed concerns around Chinese investments. In 2023, Governor Abbott had encouraged Vanguard to create emerging market funds isolating the investments from risks posed by China.
Asian stocks, gold gain after Wall Street rises
Shares in Australia, Japan and Hong Kong rose while those in China fluctuated after an index of US-listed Chinese stocks fell 1% Thursday.
Nvidia traders brace for potential $300 billion earnings move
The options-implied move for Nvidia shares the day after earnings is about 8% in either direction, according to data compiled by Bloomberg.
Doubtful about deep tax cut in US but Trump offers stability, says Happiest Minds
With Trump in the White House and his Republicans party in control of US Congress, business situation would be more amenable, the IT firm has said
Markets see 80% chance of December Fed cut after US inflation data
Swaps traders boosted to about 80% the probability that the Fed will cut rates again on Dec. 18, up from around 56% earlier Wednesday.
European luxury and auto stocks edge lower on mixed earnings, China measures
Dino Polska jumped about 10% after the Polish food retailer's third quarter results beat market expectations.
China approves $839 billion refinancing of local government debt in fresh stimulus
Beijing is attempting to shore up support for a slowing Chinese economy that is facing new threats of tariff curbs after the re-election of Donald Trump as the US President.
