Copper and gold have been winning bets as both the industrial and precious metal notch big gains this year. Copper faces some technical trading hurdles, though, and it may pay to wait for a pullback before buying. Copper is having a great run.
Here are four Singapore REITs you should keep your eye on in June. The post 4 Singapore REITs to Look Out for in June appeared first on The Smart Investor.
We recently compiled a list of the 50 Richest Countries in the World by GDP and in this article we will talk about the country with the largest GDP in the world. Global Economic Outlook of Richest Countries The global economy has been facing strong headwinds since the COVID-19 pandemic including the world’s richest countries […]
The Fed's stance of holding interest rates higher for longer likely won't be shaken following a fresh reading from the central bank's favored inflation gauge.
A number of high-ranking executives at Taobao and Tmall Group have retired, paving the way for a younger generation of leaders to take the reins of Alibaba Group Holding's core e-commerce unit, as competition heats up with rivals such as PDD Holdings' Pinduoduo and ByteDance-owned Douyin. Senior executives that include Wang Hai, Liu Peng, Yu Feng and Wang Mingqiang retired from Taobao and Tmall Group on May 1, according to Chinese media reports on Wednesday. Their exit comes several months after
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Alibaba (BABA) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
China's deeply indebted property giant Evergrande has been fined $576 million for fraudulent business practices, Beijing's top financial regulator said Friday.The CSRC said it had also imposed a maximum fine of $6.5 million on Evergrande founder Xu Jiayin, also known as Hui Ka Yan, banning him from the securities market for life.
Whether it’s being set on fire multiple times or jumping off an 80ft cliff, there isn’t much veteran stuntman Riky Ash hasn’t done.
Though your pre-retirement income alone isn't enough to determine whether you'll retire comfortably, it certainly plays a role. For example, if you're earning a middle-class salary, the amount you can...
Treasury yields (^TYX, ^TNX, ^FVX) are on the decline this morning after inflation data from the PCE (Personal Consumption Expenditures) Index came in line with expectations with April's core PCE rising 0.2% month-over-month and 2.8% year-over-year. As inflation slows but price pressures remain a big risk, what does this print mean for the bond market? JPMorgan US CIO for Fixed Income, Currencies, and Commodities Kay Herr sits down in-studio with Yahoo Finance's Catalysts to look deeper into April's inflation data and what this means for the Federal Reserve's inflation rate target. "If you look underneath in some of the details, if you look on a three-month annualized basis, we've gone from a 4.4% number in March down to 3.46% in April. That's a pretty meaningful step down," Herr explains. "If you look on a month-over-month [basis], in April that was running 0.33%, March we're running 0.249%. And then on an average monthly basis in the first quarter, things were at about 0.36%, for April [it's] 0.25%. So a reasonable step down moving in line with what the Fed thinks." Herr underlines the Fed's dual mandate objective in regulators' decision on cutting interest rates or holding them higher for longer: "We're going to start to see a little bit of softness in in the labor market. And that's going to lead the Fed... to move toward cutting rates, yes."For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Luke Carberry Mogan.
An already verdant May for Wall Street finished with another push higher as stocks rallied Friday after a report showed inflation is at least not worsening. The main measure of the U.S. stock market’s health set an all-time high late in the month after clawing back all its losses from a rough April. The Dow Jones Industrial Average jumped nearly 575 points, or 1.5%, while sagging prices for some big technology stocks held back the Nasdaq composite.
Bitcoin and other cryptocurrencies were mostly rising on Friday. The largest crypto has lost the limelight to Ether this month but that could be short-lived. Bitcoin hit a record high near $74,000 in mid-March amid a surge of interest from new spot exchange-traded funds but its price has dropped since then.
Investors waited for the release of the Fed's preferred inflation data, seen as a potential turning point for a market gripped by rate-cut jitters.
Alibaba Group Holding Limited (NYSE:BABA), through its online platform AliExpress, has significantly increased its presence in South Korea, doubling its users to 8.58 million by April, according to Wiseapp. Alibaba earmarked $1.1 billion for South Korea to build a new logistics center. This expansion comes amid fierce competition from domestic e-retailer Coupang, Inc (NYSE:CPNG), which is aggressively investing in advanced technologies and logistics to maintain its market share, taking a cue fro
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Exxon Mobil (XOM) have what it takes? Let's find out.
RTX is set to procure long-lead time materials as well as the manufacture, assembly, inspection, acceptance and delivery of 108 conventional takeoff and landing F135 propulsion systems.
India's central bank has moved a little more than 100 metric tons of gold from the UK to its domestic vaults, the Times of India newspaper reported on Friday, citing sources. A similar quantity of the precious metal might be coming to the country in the coming months, the report said, adding that the move was for logistical reasons and diversified storage. The Reserve Bank of India held 822.10 tons of gold at March-end, of which 408.31 tons were held domestically.
Hong Kong's status as an international financial centre will be reinforced by yuan internationalisation and China's economic transformations, according to top finance officials and industry players. Despite facing "unprecedented changes", Hong Kong's connectivity with mainland China and potential to tap growing opportunities arising from the increased use of the mainland currency globally will consolidate and enhance the city's unique status, deputy financial secretary Michael Wong Wai-lun told
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