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Asian stocks rally on news that US-China trade talks will pick up again — Asian market latest
The Shanghai Composite Index (SHCOMP) advanced as much as 2%, jumping above 3,000 points for the first time in two months. It’s now up 1.5% and on track for its fourth straight day of gains. Japan’s Nikkei (N225) climbed 2.3%, while South Korea’s Kospi (KOSPI) rose 1.1%. China’s Commerce Ministry on Thursday announced that the …
Dow rallies on trade optimism
The Dow (INDU) rallied more than 1% Monday morning, up some 275 points. The S&P 500 (SPX) and the Nasdaq Composite (COMP) are meanwhile 0.9% and 1% higher. That also helped some of the European bourses higher, and the German Dax (DAX) and the French CAC 40 (CAC40) moved up. UK markets are closed for …
Dow caught in choppy trading after bond market flashes another recession warning
Investors are also eagerly awaiting Federal Reserve Chairman Jerome Powell’s speech in Jackson Hole on Friday, as they search for direction about the future of US monetary policy. The Dow (INDU) traded 0.3%, or 71 points lower, after being up as much as 150 points earlier. The S&P 500 (SPX) and Nasdaq Composite (COMP) also …
Can the world’s central banks save the bull market?
To think that central banks could save the bull market is tempting. After all, the promise of rate cuts and other stimulus measures have helped stocks before. And investors clearly need more than a tariff delay to relieve recent doom and gloom. The problem is, central bank policy isn’t what’s holding back the global economy, and …
Markopolos says GE ‘one recession away from Chapter 11’
“GE is one recession away from Chapter 11. Their balance sheet is in tatters,” Markopolos told Julia Chatterley on CNNi’s “First Move” show Friday. “We’ll see how solvent they are at year end, and we’ll see if they make it into 2020,” he added. GE shares plunged more than 11% Thursday, their worst drop since …
Asian market latest: Asian markets roiled by recession fears, but Shanghai and Hong Kong recover
Japan’s Nikkei (N225) fell 1.2%, while Australia’s S&P/ASX 200 sank 2.9%. Losses deepened even more after a top Australian central banker warned that the US-China trade war is damaging global growth and risks a “self-fulfilling downturn.” The Hang Seng Index (HSI) in Hong Kong and China’s Shanghai Composite Index (SHCOMP) dropped at market open, but …
Dow drops 400 points as trade war fears linger
The Dow dropped 391 points, or 1.5%, on Monday afternoon. The S&P 500 and Nasdaq lost 1.2% apiece. Treasury bond yields once again fell sharply as investors piled into safe assets. The turmoil comes as investors brace for the US-China trade war to deal more damage to the global economy. The risk is that the …
Evidation Health and Eli Lilly study uses Apple wearables and apps to predict cognitive impairment
The growing ubiquity of powerful sensor technology in consumer devices have led to the development of tools meant to predict potential health risks like heart attacks and epileptic seizures. Increasingly, these devices may also be of use in the case of neurodegenerative conditions. Early results from a study conducted by Evidation Health, Eli Lilly and …
Dow plunges 600 points after China devalues its currency
The Chinese government devalued the yuan to fall below its 7-to-1 ratio with the US dollar for the first time in a decade Monday. A weaker currency could soften the blow the United States has dealt China with its tariffs. The cheaper yuan ignited fear on Wall Street that the United States would respond with …
Dow to open lower as trade war escalates
Stocks are bracing for a dramatic finish this week, after President Donald Trump announced new tariffs on Chinese imports yesterday. Starting September 1, $300 billion worth of goods from China, including toys and iPhones, will be hit with a 10% tariff. That’s on top of the existing 25% tariff on $250 billion worth of imports. …
