ASIA|BUSINESS|FIAT|MARKET Updates
Stocks, US Treasury yield, and gold all plunge after Moody’s downgrade
Markets went red before the opening bell on Monday after Moody’s cut the United States’ top credit rating, hammering stock futures, lifting Treasury yields, and dragging down gold. The downgrade, anno...
Japan’s 40-year bond yield hits 20-year high. The entire world should be very worried
Japan’s bond market just fired a warning shot at the global economy. The country’s 40-year government bond yield surged to 3.445% on Monday, the highest it’s been in two decades. This spike followed a...
Alibaba’s shares drop amid US scrutiny of Apple partnership
Shares of Alibaba Group Holding Ltd. slid on Monday after reports that the Trump administration is scrutinizing Apple’s deal with Alibaba to bring AI features to iPhones in China. Alibaba’s stock fell...
Gold heads for biggest weekly loss in 6 months as Trump’s Gulf tour rattles markets
Gold prices fell hard on Friday, dropping more than 1% by mid-morning, and closing in on their worst weekly decline since November 2024, according to data from Reuters. Investors began pulling out aft...
Asian markets see mixed results as Japan's GDP weakens; Alibaba's losses hurt Hong Kong shares
Asia stock markets showed little upward movement and some declines on Friday. Japan's Nikkei faced pressure due to much worse-than-anticipated economic growth data, and Hong Kong's Hang Seng was dragg...
Dow jumps 271 points, S&P 500 extends win streak, Nasdaq sheds 0.18%
U.S. stocks closed mixed Thursday, with the S&P 500 rising 0.4% to log a fourth straight day of gains, while the Dow Jones Industrial Average climbed more than 250 points. The Nasdaq Composite dipped ...
Jamie Dimon warns of U.S. recession despite the recent pullback in tariffs
JPMorgan Chase CEO Jamie Dimon said a recession was still possible in the country. The CEO cautioned of a recession a week after the U.S. inked a trade agreement with China in Geneva, Switzerland. Dim...
Wealthy Asian Investors Shifting Away From US Assets and Into Gold, Crypto and Chinese Markets, According to UBS: Report
The global wealth manager UBS is reportedly seeing a shift in investment interest among its affluent customers in Asia. The Cailian News Agency reports that during the Bloomberg New Voices event in Ho...
Asia stocks mixed, tracking drop in U.S. futures after mixed Wall Street session and trade policy uncertainty
Asia stock markets trade mixed on Thursday, tracking a drop in US futures, while traders continued to monitor developments in US-China trade talks. Traders reacted to Beijing’s decision to lift export...
Wall Street closes with stock indexes in the green for third consecutive day
Wall Street kept climbing on Wednesday as all major stock indexes ended the day higher, continuing a rally that started earlier in the week. The S&P 500 moved up by 0.10%, landing at 5,892.58, which w...
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