Shareholders traded on macroeconomic factors rather than the Governmental Treasury’s preconceptions for stimulus spending after poor November payrolls data was released, reversing a months-long trend in which investors sold on economic fundamentals rather than the Federal Reserve’s expectations for economic stimulus. The 60-day correlation between S&P 500 e-mini futures and the Citi Economic Shock Index, … Read More

The choice of ride-hailing firm Didi Global Inc to disband from the New York Stock Exchange contributed to fears about heightened regulatory scrutiny at home and worsening Sino-US ties, sending shares of Alibaba, Baidu, JD.com, and other Chinese businesses listed in the U.S. down on Friday. Didi’s stock dropped 22.2 percent to $6.07, as the … Read More

A dramatic selloff in large technology companies drove down equities on Friday, capping a week of vertiginous financial market volatility. Investors have had a lot on their minds recently, from Federal Reserve Chair Jerome Powell’s hawkish posture to the possible impact of the omicron coronavirus epidemic on the global market. A mixed jobs data in … Read More

As firms increased hiring, a measure of U.S. services industry activity surprisingly surged in November, setting a new record high. Still, there was no evidence that supply bottlenecks were easing, and prices remained high. On Friday, the Association for Supply Chain administration said that its non-manufacturing activities index rose to 69.1 in November, up from … Read More

The U.S. Treasury Secretary, Janet Yellen, said that she hasn’t determined whether the Federal Reserve should establish a digital version of the dollar. Such a move would require widespread congressional, central bank, and White House support. In a Reuters Next conference interview, Yellen said that more research was required on the merits and downsides of … Read More

According to one money manager, recent weakness in Apple’s stock may present a once-in-a-lifetime opportunity to invest in the iPhone maker. “We truly like Apple, and we are increasing to our investment,” Victoria Fernandez, senior markets analyst at Crossmark Global Investments, said, adding that Apple’s fundamentals are “strong.” On Thursday, traders are betting against that … Read More

On Thursday, a surge in U.S. index futures faded as investors analyzed the risks posed by the omicron virus type. At the same time, European equities fell after Apple Inc.’s demand warning dampened investor enthusiasm in tech sectors. Futures Pare Gains as Stocks Fall. The S&P 500 contract retained a slight gain, while the Nasdaq … Read More

On Wednesday, Chilean socialist presidential candidate Gabriel Boric, who is polling as the front-runner ahead of a run-off vote on Dec. 19, touted his proposals for a national lithium company and lambasted the Andean country’s “historic blunder” of privatizing its resources. Chile is the world’s second-largest producer after Australia and has been a regional pioneer … Read More