Bitcoin and Other Crypto Drop The news that Binance, by far the biggest cryptocurrency exchange in the world, is being sued by American regulators caused traders of digital assets to become more cautious, which led to a decline in the price of bitcoin and other cryptocurrencies on Tuesday. Yet, that is not the only …
Rentalzi Review: General Information & First Impressions Rentalzi is an online brokerage with a wide array of trading and investing services. It operates out of Hong Kong, which we like because it is a major financial hub. The broker’s exact address is The Gateway, Harbour City, 15 Canton Road, Tsim Sha Tsui, Kowloon. It’s easily …
HSBC Holdings PLC declared a significant increase in profit in the fourth quarter. This is due to growing interest rates and the banking giant’s emphasis on Asia and the Middle East. Exceeding financial analysts’ expectations, the British bank reported that its profit more than doubled in the last three months of 2022 compared to 2021, …
HSBC Grew Wary as the Bank Broke Earnings Expectations Read More »
Investors in hot global artificial intelligence-related equity are getting a reality check as the rally cools. With accuracy issues, Google’s AI chatbot demonstration, which has resulted in the company’s largest loss in more than three months, has already underwhelmed investors. Investors should not rush into speculation on stocks that may gain from such AI innovations, …
Markets obsess over all things AI, reaching China Read More »
The Hong Kong stock market plunge on Monday is an undeniable opportunity for Morgan Stanley. It suggests that investors purchase a dip. Relations between Beijing and Washington improve as China’s economy recovers. The Chinese market continues to have a low correlation with the US. The chief China equity strategist for the Wall Street bank is …
China’s economy expanded at a 3% annual rate last year, less than half the rate projected for 2021. European stocks fell, while Asian shares were mixed as investors awaited whether the Bank of Japan would change its long-term policy of keeping its key interest rate at -0.11% at the end of a meeting on Wednesday. …
Global Equities Fall as China’s Economy Slows Further Read More »
Stocks of firms ranging from banks to technology companies crawled lower on Monday. Major indexes are on the verge of closing December lower, which is unusual. According to Dow Jones Market Data, the S&P 500 has risen 73% of the time since 1928. Nevertheless, it dropped 6.4% in December as of Monday’s close. Markets are …
As uncertainty about the holidays and into the start of earnings season next month grows, a looming recession is weighing on the global stock market to five-week lows. A growing number of analysts worry the volatility should only grow in the weeks ahead. Businesses must disclose how much the cooling economy has affected business profits. …
The US stock futures polled higher at the start of a crucial week. The Federal Reserve, the European Central Bank, and several other peers are set to make monetary-policy decisions this week. Weekly losses for the underlying indexes resulted in contracts on the S&P 500 and Nasdaq 100 indexes being about 0.3% higher. The ten-year …
Data showed some indications that the labor market is slowing. This is one of the main concerns for Federal Reserve governors as they weigh whether to proceed with their tighter campaign. The stock market rebounds accordingly. The S&P 500 bounced after a five-day loss, with the index on the verge of a major technical threshold: …
Investors continue to worry that stronger-than-expected economic data will lead authorities to keep interest rates higher for longer. Potentially, this will weigh on the economy next year, as the stock market inched mostly down on Wednesday. The S&P 500 dropped 7.34 points to 3933.92, extending its losing streak to five days. The Nasdaq Composite focused …
Concerns over whether aggressive Federal Reserve tightening might lead to a recession triggered stocks to plunge on Monday. After capping a back-to-back weekly rise, the S&P 500 was under fire. The Federal Reserve’s potential to slow down its interest-rate increases boosted the benchmark index by 1.2% last week, extending a November rally. The Nasdaq Composite …
Traders Are Pessimistic About the Upcoming Powell Speech Traders were hesitant to make large bets in advance of Jerome Powell’s speech on Wednesday, so stocks cut much of their losses. Gains in energy and financial companies tempered big tech’s decline. Amazon.com’s stock has dropped as the company sells investment-grade debt. The average volume for the …
Stocks Finish Lower in Run-Up to Powell’s Speech Read More »
Futu, an online brokerage that provides Chinese investors with access to the Hong Kong and US stock markets, has released its unaudited third-quarter financial results. The company reports a 12.4% increase in revenue, reaching $247.9 million. The company’s gross profit rose 18% year-over-year (YoY) to $220.1 million, while the net income increased by 22.7% in …
Futu’s Net Profit Rises 23%, Despite Drop in Trading Vol Read More »
Asia Stocks Shining Their Best Light Since 1998 Some analysts worry China’s reopening euphoria will give way to the harsh reality of a looming global recession. A world-beating rally across Asian markets looks precarious. As bets for a softer Federal Reserve tightening and China’s shift away from COVID-Zero ignited a buying fever, stocks are on …
