The People's Bank of China (PBoC) announced on Monday it will keep its one-year loan prime rate (LPR) unchanged at 3.45%. Additionally, the bank's five-year loan prime rate remained at 3.95%,
On Monday, Ascendiant Capital adjusted its outlook on Quantum (NASDAQ:QMCO)
On Monday, Ascendiant Capital adjusted its outlook on Quantum (NASDAQ:QMCO)
By ELAINE KURTENBACH AP Business Writer Markets in Asia apart from Shanghai’s were broadly higher Monday, shrugging off the blues on Wall Street after big technology stocks logged their worst week since the COVID crash in 2020. Oil prices fell while U.S. futures advanced. Hong Kong’s Hang Seng led the region, gaining 1.6% to 16489.08.
Markets in Asia apart from Shanghai’s are broadly higher, shrugging off the blues on Wall Street after big technology stocks logged their worst week since the COVID crash in 2020
Stock market today: Asian shares shrug off Wall St blues as China leaves lending rate unchanged
The main indexes temporarily tumbled after Fed Chair Powell said interest rates could stay higher for longer.
Today on TAP: More than 400 economists work for the Federal Reserve Board. Far too many are intimidated by the echo chamber of bad economics created by Chair Jay Powell.
Federal Reserve policymakers have been obsessed with when they may safely lower interest rates to avoid a recession without impeding the path to 2% inflation.
Shafaqna English- The Grand Ayatollah Sistani answered a question about stocks trading. Question: Generally, what is the ruling on real stocks trading and not the virtual/internet one? The Grand Ayatollah Sistani: Buying and selling shares is correct; of course if the companies’ dealings are Haram, like the ones which trade
Next week’s earnings reports from some of the market’s biggest technology and growth companies could prove an important test for the U.S. stock rally, which has flagged as expectations for interest cuts fade. Tesla, Meta Platforms, Alphabet and Microsoft - all set to report next week - are part of the group of companies that had been dubbed the Magnificent Seven as they led the S&P 500 to a 24% gain last year. The companies are seen as important bellwethers due to dominant positions atop their...
The path for the Bank of England to cut interest rate cuts looks increasingly uncertain, particularly as the US Federal Reserve looks set to wait a while longer before loosening policy.