Tag Archives: ease

(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window) * Amazon up as Jefferies sees easing costs * Alibaba climbs as Ant Group’s Jack Ma to cede control * Macy’s, Lululemon drop on holiday-quarter warnings * Indexes up: Dow 0.39%, S&P 0.85%, Nasdaq 1.52% (Adds details, updates prices throughout) By Ankika Biswas and Amruta Khandekar Jan 9 (Reuters) – The tech-heavy Nasdaq led gains among the main Wall Street indexes on Monday, boosted by shares of Amazon… Source link

Bitcoin recovered above US$16,000 in Wednesday morning trading as it rose along with Ether and the rest of the crypto top 10 by market capitalization, excluding stablecoins, as the market shook off lingering doubts from earlier in the week of further contagion from the now-bankrupt crypto exchange FTX.   See related article: Cathie Woods buys the dip as Ark Invest scoops up Coinbase, GBTC shares: Bloomberg Fast facts Bitcoin rose 2.6% to US$16,198 in the 24 hours to 8 a.m. in Hong Kong, while… Source link

(Bloomberg) — US-listed China stocks surged Monday to the highest since early April on increased speculation that a year-long government crackdown on the technology industry is easing. Most Read from Bloomberg While the S&P 500 Index struggled to mount much of an advance, the Nasdaq Golden Dragon Index closed 5.4% higher after surging as much as 8.3%, as Chinese regulators were said to be close to wrapping up their investigation of Didi Global Inc. The company’s American depositary receipts… Source link

(Bloomberg) — Alibaba Group Holding Ltd. ramped up its share buyback program to $25 billion, expanding that arsenal for a second time in less than a year to stanch a $470 billion loss of value during Beijing’s internet crackdown. Most Read from Bloomberg The board of China’s e-commerce leader has approved the program, which will run for two years through to March 2024, the company said in a statement. It also appointed a new independent director in Shan Weijian, chairman of alternative… Source link

As the labor market continues to improve and the Fed set to begin raising interest rates as early as this spring, inflation may be approaching its peak. Inflation rose 7.5% year-over-year in January as measured by the Bureau of Labor Statistics monthly inflation report, representing the highest inflation increase in 40 years. Though a multitude of factors contribute to the inflation the U.S. is currently experiencing, issues with the supply chain have been a significant contributor, says Eric… Source link

The Federal Reserve met last Wednesday, Jan. 26, holding interest rates near zero but reiterating its intentions to raise them later this year in an effort to quell record inflation. One factor contributing to the surging inflation levels continues to be global supply chain issues — a problem that the Fed does not have a significant amount of influence over and one that may extend well into 2022. According to Cetera Investment Management CIO Gene Goldman, however, the easing of supply-chain… Source link

Contracts on the Dow, S&P, and Nasdaq were sideways heading into overnight trading on Wednesday, building on back-to-back sessions of gains as fears the Omicron variant would derail economic growth cooled among investors who sold-off risky assets at the start of the week on reports of swelling case numbers. Futures on all three major indexes were in the green Wednesday evening. The moves follow positive economic data that curbed worries of Omicron’s impact on the economy and inflation… Source link

Stock futures opened higher on Monday to hold onto gains after a recovery rally, with investors at least temporarily shaking off concerns over a new coronavirus variant and looking ahead to new market catalysts.  Contracts on the S&P 500, Dow and Nasdaq rose. Each of the three major indexes had ended the regular trading day solidly in the green, with technology stocks leading the way higher and helping pull the Nasdaq up by nearly 2%.  Investors were heartened by remarks from the White… Source link

The real estate company said a payment due on Thursday, for an onshore renminbi-denominated bond, had ‘already been resolved through off-exchange negotiations’. Photo: Hector Retamal/AFP via Getty Images European stock markets were sharply higher on Wednesday as worries over the Evergrande crisis in China started to ease. The real estate company said a payment due on Thursday, for an onshore renminbi-denominated bond, had “already been resolved through off-exchange negotiations”. Traders… Source link

MMA Weekly UFC 261 fans not required to wear masks | COVID-19 Precautions On Tuesday, the Ultimate Fighting Championship announced two partnerships to assist in fan safety for those attending Saturday’s UFC 261 pay-per-view. The event sold out the VyStar Veterans Memorial Arena in Jacksonville, Fla. in minutes. The event represents the first, sold out, major sporting event with full capacity at an indoor arena in the United States since the pandemic lockdowns and restrictions. A capacity crowd… Source link