A Chinese national flag flies in front of a building under construction in the central business district of Beijing, China. Giulia Marchi | Bloomberg | Getty Images BEIJING — China‘s economic numbers in the last few months have disappointed expectations but the worst is not over — analysts are expecting third quarter data to come
Finance
US Secretary of State Mike Pompeo (L) reacts as he is shown the way by China’s Foreign Minister Wang Yi (R) before they proceed to their meeting at the Diaoyutai State Guesthouse in Beijing on October 8, 2018. Andy Wong | AFP | Getty Images Chinese State Councilor and Foreign Minister Wang Yi said in
If Democrats pursue an impeachment of President Donald Trump, it could rattle markets and create temporary uncertainty, but the GOP-led Senate may not go along with any effort to oust Trump or stop any of the president’s economic initiatives. House Speaker Nancy Pelosi told reporters she would have an announcement at 5 p.m. ET Tuesday,
Charles Li Xiaojia, Chief Executive of Hong Kong Exchanges and Clearing Limited (HKEx) attends OSC’s Money Talk Charity breakfast in Central. 15DEC15 (Photo by Paul Yeung/South China Morning Post via Getty Images) South China Morning Post | Getty Images Hong Kong Exchange and Clearing (HKEX) was “late” to making a takeover offer for the London
European markets are set to open higher on Tuesday as traders monitor the latest U.S.-China trade developments. European Markets: FTSE, GDAXI, FCHI, IBEX Britain’s FTSE 100 is seen rising 26 points to 7,353, Germany’s DAX up 31 points at 12,376 and France’s CAC up 14 points at 5,647, according to IG index data. Traders were
Stocks have been grinding sideways, but once they breakout, the move to the upside could be powerful, technical analysts say. The S&P 500 has been edging closer to 3,028, its high from July 26, but it has backed off a number of times, creating a jagged seesaw pattern on August’s chart. On Monday, the S&P
In this photo illustration, a visual representation of a cryptocurrency sits on display in front of a Facebook logo. Chesnot | Getty Images IBM is open to working with Facebook on its digital currency efforts, an executive at the company told CNBC. Jason Kelley, IBM’s general manager of blockchain services, said the firm was looking
If Hong Kong loses its status as one of Asia’s top financial centers, it would be disastrous for the Asian financial hub, said the founder and chief executive officer of Citic Capital. There is “no lack of competition for financial centers,” said Zhang Yichen, who is also chairman at the investment firm — a Hong
The Federal Reserve is taking a meeting-by-meeting approach to setting interest rates and for now is not committed to a set course of action ahead, Vice Chairman Richard Clarida told CNBC. “We’re gonna take this meeting by meeting. We’re not on a preset course,” Clarida told Sara Eisen during an interview Friday on “Squawk on the Street.”
The New York Federal Reserve will continue overnight repurchase operations through October as it seeks to quell market instability from earlier this week. Short-term rates in the “repo” market spiked overnight Monday amid a shortfall in funding stemming from a variety of factors. The Fed responded with a series of liquidity injections aimed at preventing
A trader works at the New York Stock Exchange in New York. Wang Ying | Xinhua News Agency | Getty Images What exactly happened during the “once in a decade” stock market rotation earlier this month that rocked investors? It might’ve just been a one-off technical move and not based on fundamentals. A huge rotation
With the S&P 500 about one percent from its all-time highs, Wall Street bull Edward Yardeni is predicts a record breakout is coming. The Yardeni Research president believes between now and the end of next year, the index will soar 17% from current levels. “I’ve got 3,500 as my target for next year,” he told
Chinese trade negotiators had a sudden change of plans Friday, canceling a visit to meet U.S. farmers after they wrapped up trade talks in Washington this week. The Chinese delegation has changed its travel schedule and is headed back to China earlier than planned, according to Nicole Rolf, the Montana Farm Bureau Federation’s director of
Traders and financial professionals work on the floor of the New York Stock Exchange (NYSE) at the opening bell on August 19, 2019 in New York City. Drew Angerer | Getty Images Developments in U.S.-Chinese trade talks and the comments from a host of Fed speakers could be important for markets in the week ahead,
Goldman Sachs CEO David Solomon performs at Schimanski night club in Brooklyn, New York, October 14, 2018. Trevor Hunnicutt | Reuters To the many titles of David Solomon, including CEO of Goldman Sachs and electronic music performer DJ D-Sol, add one more: music impresario. Solomon launched Payback Records last year as his music career was
U.S. Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer arrive for a group photo session after a meeting with Chinese Vice Premier Liu He in Beijing on May 1, 2019. Andy Wong | AFP | Getty Images BEIJING — The U.S. is temporarily exempting more than 400 types of Chinese products from tariffs
A tag hangs from a Steelcase London Ltd. desk chair in the former offices of Duff Capital Advisors LP in Greenwich, Connecticut. Daniel Acker | Bloomberg | Getty Images Check out the companies making headlines after the bell: Shares of Steelcase jumped nearly 4% during extended trading after the company reported second-quarter earnings in what CEO
British pounds Matt Cardy | Getty Images The British pound jumped on Thursday after European Commission President Jean-Claude Juncker said he is confident a Brexit deal will get passed before the deadline. “I think we can have a deal,” Juncker said in an interview with Sky News. “I am doing everything to have a deal
A visual representation of a cryptocurrency coin on display in front of the logos for Facebook and Libra. Chesnot | Getty Images Policymakers around the world have upped the pressure on libra, the digital currency being introduced by Facebook, amid concerns it could heavily disrupt the global financial system. On Tuesday, European Central Bank board
People walk past an AT&T store in New York on October 23, 2016. Kena Betancur | AFP |Getty Images Check out the companies making headlines after the bell: AT&T shares climbed more than 2% in extended trading following a Wall Street Journal report that the company is exploring a spinoff of DirectTV unit as its