Month: August 2024
UBS says ‘going into Japan now is like catching a falling knife,’ warns stock sell-off will continue
Going into the Japanese market at this moment is akin to catching “a falling knife,” Kelvin Tay, regional chief investment officer at UBS Global Wealth Management, told CNBC’s “Squawk Box Asia.” His comments come as the Nikkei 225 and the Topix extended their declines, falling past 7% on the day, and hovering close to bear market territory. […]
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No passports needed: Singapore launches biometric immigration processing at Changi Airport
From Monday, some passengers arriving in Singapore’s Changi Airport won’t need to show their passports to clear immigration. As part of a trial, Singapore residents arriving in Terminal 3 who use the lanes designated for the country’s new “token-less clearance” program can enter the country using eye and facial biometric processing, rather than passports, according […]
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Crypto selloff wipes out $270 billion in value as bitcoin, ether plunge
Nurphoto | Nurphoto | Getty Images The cryptocurrency market plummeted in value on Sunday, as investors continued selling out of risky assets. Led by a drop of 11% in bitcoin in the past 24 hours and a 21% plunge in ether, the overall value of cryptocurrencies sank by about $270 billion, according to CoinGecko data. […]
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Taiwan under pressure to bolster its defense as Trump-Harris presidential race stokes policy concerns
Taiwan President Lai Ching-te claps while he visits a military camp in Taoyuan, Taiwan May 23, 2024. Ann Wang | Reuters Taiwan is under growing pressure to build up its defense capabilities and deterrence against China in the face of uncertainty surrounding the U.S. elections slated for November, according to security and policy analysts. Taiwan’s […]
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China Evergrande’s EV arm units to enter bankruptcy, reorganization proceedings
The Evergrande Group headquarters building in Shenzhen is pictured on January 11, 2022 in Shenzhen, Guangdong Province of China. Liang Xiashun | Visual China Group | Getty Images China Evergrande New Energy Vehicle said on Monday a local court had ruled that two of its units should enter into bankruptcy and be reorganized, a week after individual creditors of the units filed for such proceedings. Shares […]
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Asia-Pacific markets poised to fall; Japan stocks set to continue last week’s rout
Pedestrians cross an intersection in the Shibuya district of Tokyo, Japan, on Tuesday, Feb. 6, 2024. Bloomberg | Bloomberg | Getty Images Asia-Pacific markets are set to continue Friday’s sell-off as investors look toward key trade data from China and Taiwan this week, as well as central bank decisions from Australia and India. Last Friday, […]
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These 10 stocks usually rise when Nvidia shares fall
Several stocks in the S & P 500 often rise whenever Nvidia shares fall, according to a CNBC Pro analysis. The U.S.-listed stocks are energy utility Xcel Energy , beverage makers Coca-Cola and Keurig Dr Pepper , food producer General Mills , health care companies Solventum , Cencora , Becton, Dickinson and Co , and […]
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Want to invest $50,000? Here are 5 ETFs to buy and hold, according to a wealth manager
2024 was expected to be a ” stock picker’s year ,” but macroeconomic uncertainties and some market volatility have seen many investors plow cash into exchange-traded funds (ETFs). Net flows into ETFs topped $200 million in the second quarter of this year, according to Fidelity, taking the year’s total to $404 billion — 85% higher […]
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Dow futures slide nearly 200 points after Nasdaq falls into a correction: Live updates
Traders work on the floor of the New York Stock Exchange during afternoon trading on August 02, 2024 in New York City. Michael M. Santiago | Getty Images U.S. stock futures fell Sunday night following a volatile week for Wall Street, in which the Nasdaq Composite dropped into correction territory. Dow Jones Industrial Average futures […]
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Elon Musk PAC being investigated by Michigan secretary of state for potential violations
Elon Musk, CEO of SpaceX and Tesla, applauds as Israeli Prime Minister Benjamin Netanyahu addresses a joint meeting of Congress at the U.S. Capitol in Washington, U.S., July 24, 2024. Craig Hudson | Reuters A political action committee backed by billionaire Elon Musk is under investigation in Michigan amid efforts to collect voter data. Musk, […]
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