The year 2024 marked a historic milestone as the Dow Jones, Nasdaq, and S&P 500 all reached new record highs, fueled by the surge in artificial intelligence and significant shifts in the economic and political landscape.
Santa Claus is leaving investors in the lurch once again in 2024 as U.S. stocks have struggled during the typically bullish home stretch of the year.
As we look ahead to 2025, be prepared for holiday schedule changes
Tesla will fix software in 77,650 China-made Model 3 and Model Y cars over safety hazards, China's market regulator said on Tuesday. The action, due to software issues that may fail to display the monitored tyre pressure immediately after the vehicle starts, is described as a product recall under Chinese regulations, the regulator said. It was not immediately clear if drivers might need, or would be eligible, to return vehicles to Tesla for refunds.
After a satisfying year for investment bankers in Hong Kong, who helped lift the city back into the top 10 ranking in initial public offerings (IPOs) worldwide, the new year could be merrier as Hong Kong Exchanges and Clearing (HKEX) prepares for more market debutants. Companies and investors raised US$11 billion from 64 first-time stock offerings on the main board, according to data compiled by the London Stock Exchange Group, making it the fifth busiest IPO venue. India's two main exchanges an
Markets that began the year with investors expecting a global stock rally to fizzle, swift U.S. interest rate cuts to boost Treasuries and soften the dollar and emerging market currencies to strengthen have firmly defied that consensus. That comes mostly thanks to a second year of huge gains for Wall Street stocks as artificial intelligence fever and robust economic growth sucked more global capital into U.S. assets and took the dollar up 6.6% against peers in 2024. U.S. exuberance rose after Donald Trump's Nov. 5 election win, as traders focused on the President-elect's plans for tax cuts and deregulation, with the surge in animal spirits propelling cryptocurrency bitcoin to a 122% annual gain.
Chinese stocks registered their first annual gain following an unprecedented three-year decline despite a dip on the final trading day of 2024, while Hong Kong shares ended the year higher, supported by optimism over policy support. The blue-chip CSI 300, tracking the biggest companies listed in Shanghai and Shenzhen, rose 14.7% this year, breaking a losing streak since 2021 set off by the COVID-19 pandemic, property sector woes and weak consumer confidence. Hong Kong's benchmark Hang Seng Index closed the year's final session up 0.1%, for an annual gain of 17.7% that ended four consecutive years of losses.
The DOJ is seeking civil penalties, refunds for consumers, and a court order to halt the company's alleged unlawful practices.
“Past performance won’t guarantee future returns” is one of the first lessons in investing, a useful reminder that we can never tell what the future has in store. At the same time, a strong track record for a particular company can also suggest that the good times just might keep on rolling. So, what does it mean when a stock gains 1,000% or more in a single year? A jump of that magnitude signifies sustained outperformance – and investors will rightly wish to take a closer look. Wall Street’s an
(Bloomberg) -- Chinese stocks posted their first annual advance since the pandemic, and more gains may be in store if Beijing offers further growth support.Most Read from BloombergDetroit’s Michigan Central Is the Building Revival Story of 2024Migrant Crisis Pushed US Homelessness to Record High in 2024The onshore benchmark CSI 300 Index has climbed almost 15% since end-2023 to halt an unprecedented three-year losing streak. A gauge of Chinese equities listed in Hong Kong jumped 26% to record it