Day-trader Lu Delong's optimism for a China stocks rally quickly evaporated in the first week of the year when, just three months after positioning for a surge fuelled by Beijing's stimulus pledges, he was forced to dump shares and tally his losses. Many retail investors like Lu sold shares in early January, precipitating the weakest start to the new year in almost a decade for China's $11 trillion stock market.
(Bloomberg) -- Follow Bloomberg India on WhatsApp for exclusive content and analysis on what billionaires, businesses and markets are doing. Sign up here.Most Read from BloombergThese Homes Withstood the LA Fires. Architects Explain WhyA Blueprint for Better Bike LanesWhat Robotaxis Brought San FranciscoIndia’s equity benchmark is approaching a level seen as oversold by some investors after rising oil prices and a weak rupee sent the gauge to a seven-month low.A measure of short-term momentum, k
The Fed's interest-rate-cutting cycle is likely over after the December jobs report, BofA says.
Bank of America is scheduled to post its fourth-quarter earnings report before the opening bell Thursday, with analysts expecting rising revenue and profits.
Nvidia, AMD, and Broadcom sold off after the Biden Administration released new AI chip export rules late Friday.
Wall Street firms including Blackstone, Apollo Capital Management and Carlyle have agreed to pay more than $63 million for violating U.S. Securities and Exchange Commission rules over record-keeping, the regulator said on Monday. The investment advisers and broker-dealers also admitted they violated rules in connection with employees' use of off-channel communications platforms such as WhatsApp, the SEC said in a statement. The funds are the latest of dozens of Wall Street firms that have paid stiff penalties over the last few years to settle related charges.
U.S. stock indexes were mixed, with the Nasdaq under pressure again as investors keep trimming forecasts for rate cuts. Chips also dip on export curb.
Stocks are under pressure as strong data craters bets on the chances of Fed rate cuts.
Financial professionals are evaluating GLD's place in portfolios after the fund's solid 2024 performance.
T-Mobile US (TMUS) will buy digital-signage advertising marketplace Vistar Media for $600 million in