Bitcoin is hovering around its one-year high as asset manager Fidelity reportedly readies its filing for a spot exchange-traded fund for the digital asset.
Oil steadied in Asia as investors weighed the outlook for monetary policy and a mixed industry report on US crude stockpiles.
A lack of existing homes for sale and robust demand are fueling a rally in homebuilder stocks, according to Citigroup.
Goldman Sachs downgraded Tesla stock to "Neutral" after its monster year-to-date rally of 105%. The bank said Teslas valuation is high and that there are a number of positive and negative catalysts going forward.
The onshore yuan reopened from a holiday on the back foot, despite a move by China to slow its slide with a stronger-than-expected reference rate for the managed currency.
Shares of a small Japanese chip design firm have quintupled since it listed in October, supercharged by expectations of a boom in silicon demand driven by artificial intelligence.
Japan’s consumer prices rose at a faster pace than expected in May while the deeper inflation trend continued to strengthen, outcomes that could fuel speculation the central bank will raise its inflation forecasts in July and even tweak its stimulus progr
Investors are waiting for a big burst of stimulus from China before they make more aggressive bets on a recovery, having spent the past few months disappointed by economic data and a lack of meaningful policy response from Beijing.
China is the worlds No. 2 economy and home to dozens of companies that trade in the U.S. Right now, Trip.com (TCOM), Tesla (TSLA) rival BYD (BYDDF), Tencent Holdings (TCEHY), Baidu (BIDU) and NetEase (NTES) are China stocks worth watching or potentially
Tesla (TSLA) stock sank 5.5% on Wednesday, its steepest loss in two months, after one analyst on Wall Street cautioned it was time to take some money off the table.
Chinese banks followed the central bank by lowering their benchmark lending rates on Tuesday, although a relatively modest reduction to the mortgage reference rate disappointed some analysts.
The U.S. dollar rose broadly on Tuesday and notched a seven-month high against the yen, while the yuan slipped after China cut two benchmark lending interest rates for the first time in 10 months.
The Federal Reserve’s decision to stop its interest-rate hikes, at least temporarily, is a break for consumers who’ve watched everything from their credit cards to mortgages get more expensive.
US Secretary of State Antony Blinkens first visit to China comes nearly five months after a major rupture in relations over a Chinese spy balloon.
Investor fears of mounting economic damage are threatening to overshadow the next round of interest-rate hiking all but promised by central bankers from Washington to Frankfurt.
