U.S. Treasury yields moved higher on Thursday as investors assessed the latest move from the European Central Bank and awaited key jobs and inflation data this week.
Alibaba shares dropped 8% on Thursday after its financial affiliate Ant Group said there were currently no plans to revive a public listing.
Falling big-cap tech and tech-related stocks are a big reason the S&P 500 is struggling this year. But analysts have their favorite if youre looking to play a rebound.
US-listed Chinese stocks rallied for a third day after China approved a second batch of video games this year, marking a further softening in the country’s stance toward internet firms.
The Wall Street bank is now forecasting Brent crude oil prices will average $140 a barrel between July and September, up from its prior call of $125 a barrel. Brent is currently trading at about $120 a barrel.
The World Bank slashed its global growth forecast on Tuesday to 2.9% for 2022. The bank warned that the world economy could slip into a period of stagflation reminiscent of the 1970s.
Apple kicked off its annual developer conference by unveiling its next-generation mobile software, iOS 16, with new features that will let users personalize their iPhone lock screens, change how they text friends through iMessage and deepen how its smartp
China’s “zero Covid” measures on trucking and cross-city transport limitations continue to slow down manufacturing and logistics.
Saudi Arabia raised oil prices for its biggest market of Asia by more than expected as the region’s main economies ease coronavirus restrictions, helping boost demand.
Tesla CEO Elon Musk has a "super bad feeling" about the economy and wants to cut about 10% of jobs at the electric carmaker, he said in an email to executives on Thursday seen by Reuters.
Investment bank Morgan Stanley said that while a recession isn’t its base case, it is its bear case because the risk of one has “gone up materially.”
There are two main factors that has Dimon worried: So-called quantitative tightening, or QT, is scheduled to begin this month and will ramp up to $95 billion a month in reduced bond holdings.
EU leaders agreed to ban the majority of Russian crude imports, but even prior to the official action imports to Northwest Europe were down.
The Federal Reserve’s almost $9 trillion portfolio is about to be reduced starting on Wednesday, in a process intended to supplement rate hikes and buttress the central bank’s fight against inflation.
Shares in Alibaba JD.com NIO and other Chinese companies surged on Monday following news that Covid-19 lockdown measures that have spurred a slowdown in the world’s second-largest economy would be eased.
