Stocks in Asia were higher on Monday following a strong performance in the U.S. to cap last week, with markets facing a busy stretch amid earnings season and major macroeconomic developments in the U.S. that could shift global investor sentiment. Hong Kong’s Hang Seng Index gained 0.5% with the Shanghai Composite 0.8% higher.
One of Australia’s largest financial services providers is going cashless at its offices but has promised customers cash withdrawal fees from ATMs will be covered.
The mystery is over: Warren Buffett’s Berkshire Hathaway disclosed a major stake in the insurance company Chubb, finally revealing the investment he has kept under wraps since last year.
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Stocks edged higher on Wednesday as investors digested fresh readings on inflation and consumer spending.
Former U.S. President Donald Trump's media company said it was unable to complete the review of its financial statement for the quarter ended March 31 due to the timing of its appointment of Semple, Marchal & Cooper as the new auditor. The company dismissed previous auditor BF Borgers, after the SEC charged the accounting firm with "massive fraud" earlier this month. Borgers, the auditor of the Truth Social parent since 2022, agreed to a $12 million civil penalty and to discontinue practicing as accountants on SEC filings, the agency had said.
(Bloomberg) -- Argentine President Javier Milei sees his government lifting currency controls very soon as his economic team works to clean up the central bank’s balance sheet. Most Read from BloombergSlovak Premier Fighting for Life After Assassination AttemptS&P 500 Tops 5,300 in Record-Breaking Stock Rally: Markets WrapUS Inflation Ebbs for First Time in Six Months in Relief for FedChina Considers Government Buying of Unsold Homes to Save Property MarketFlood of China Used Cooking Oil Spurs C
Meme stocks soared again as US equities more broadly stayed muted in the countdown to fresh inflation data and a Jerome Powell speech.
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(Bloomberg) -- Malaysia Airports Holdings Bhd. is set to be privatized as its two biggest shareholders team up with buyout firm Global Infrastructure Partners and the Abu Dhabi Investment Authority to make a takeover offer for the airport operator.Most Read from BloombergUS Inflation Data Was Accidentally Released 30 Minutes EarlyPutin and Xi Vow to Step Up Fight to Counter US ‘Containment’Slovak Premier Fighting for Life After Assassination AttemptUS Inflation Ebbs for First Time in Six Months
"We just kinda went crazy"
According to Redfin, housing prices were up 4.8% on an annual basis in March, with a median selling price of $420,401. With higher interest rates as the Fed continues to try to cool down the economy,...
How long will $300,000 last in retirement? The answer to that depends on a variety of things: your lifestyle, your lifespan, your investments and any other income you have, to start. Let's break down whether $300,000 is enough for your … Continue reading → The post How Long Will $300,000 Last in Retirement? appeared first on SmartAsset Blog.
Asian stock markets rallied on Thursday, buoyed by Wall Street's surge to all-time peaks overnight after a milder U.S. inflation report raised expectations the Federal Reserve will deliver two interest rate cuts this year. U.S. Treasury yields extended their retreat in Tokyo trading, sinking to six-week troughs. U.S. data on Wednesday showed the consumer price index (CPI) rose by 0.3% in April, below an expected 0.4% gain, raising hopes the Fed can cut rates by 50 basis points this year, with the first quarter-point reduction fully priced for September.
He’s nicknamed the 'Czech Sphinx' due to his enigmatic approach to business
(Bloomberg) -- The yen extended gains in Asian trading on Thursday after rallying 1% overnight as traders ramped up bets that the Federal Reserve will ease monetary policy this year on signs US inflation pressures were easing.Most Read from BloombergUS Inflation Data Was Accidentally Released 30 Minutes EarlyXi Tells Putin China-Russia Ties Should Last ‘Generations’Slovak Premier Fighting for Life After Assassination AttemptUS Inflation Ebbs for First Time in Six Months in Relief for FedChina Co
(Bloomberg) -- Indonesia’s Asia Pacific Resources International Ltd. Group said it bought a controlling stake in Indian tissue paper manufacturer Origami Cellulo Pvt., marking the pulp maker’s entry into the South Asian country.Most Read from BloombergChina Considers Government Buying of Unsold Homes to Save Property MarketHow One of the World's Oldest Hedge Funds Went BankruptFlood of China Used Cooking Oil Spurs Call to Hike US LeviesSlovakia PM Robert Fico Shot in Assassination AttemptOpenAI
The dollar found a footing on Thursday after falling sharply on Wednesday on the back of data showing a slowdown in U.S. inflation, while Japan's yen inched higher after jumping the previous day. Year-on-year core inflation - which strips out volatile food and energy prices - fell to its lowest in three years at 3.6%. Some analysts said Fed officials will want to see proof of inflation's downward path before countenancing cuts, a point made by Minneapolis Fed President Neel Kashkari on Wednesday.
ZURICH (Reuters) -Siemens reported on Thursday a drop in second-quarter earnings at its industrial business, as China maintained its trend of destocking longer than previously expected. Although Siemens expects an improvement in coming months, it was likely to come more slowly than previously thought, Chief Executive Roland Busch said. "A key reason is the muted development in China," he told reporters.
(Bloomberg) -- Japan’s economy shrank in the first quarter as consumers and companies cut spending, extending a dismal performance that stretches back to last summer and complicates the picture for the central bank as it mulls the timing of its next interest rate hike.Most Read from BloombergUS Inflation Data Was Accidentally Released 30 Minutes EarlyXi Tells Putin China-Russia Ties Should Last ‘Generations’Slovak Premier Fighting for Life After Assassination AttemptUS Inflation Ebbs for First T
(Bloomberg) -- Canada’s housing market posted a surge in the number of properties available for sale, one of the biggest monthly gains in listed inventory on record, as homebuyer demand waned amid persistently high interest rates.Most Read from BloombergSlovak Premier Fighting for Life After Assassination AttemptChina Considers Government Buying of Unsold Homes to Save Property MarketUS Inflation Ebbs for First Time in Six Months in Relief for FedS&P 500 Tops 5,300 in Record-Breaking Stock Rally
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