World
Japan stocks rebound 8% after historic losses; other Asia markets also open higher
Employees work in the trading room inside the Mitsubishi UFJ Trust and Banking head office in Tokyo, Japan, on Tuesday, March 19, 2024. Bloomberg | Bloomberg | Getty Images Japan stocks rebounded on Tuesday after the Nikkei 225 and the Topix dropped over 12% in the previous session. Other Asia-Pacific market also opened higher. Japan’s […]
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Moving out of cash? These are the top-performing fixed income funds so far this year
Get out of cash — that’s what many on Wall Street have been saying since expectations of rate cuts started rising earlier this year. They’re now doubling down on that call, with the U.S. Federal Reserve signaling that it would finally cut rates in September. That would make cash rates less attractive than other parts […]
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‘Hot money is saying sayonara’: Japan fund manager names outperforming sector to buy amid sell-off
As Japanese stocks plummet, confirming a bear market, there are opportunities in small-cap and domestic-focused companies, according to fund manager Richard Kaye. Kaye, one of the co-fund managers behind the Growth Japan fund at Comgest, believes the current market turmoil presents a chance to invest in overlooked sectors as foreign investors exit certain positions. The […]
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CrowdStrike is sued by fliers after massive outage disrupts air travel
Travelers wait to board their delayed flight at the Hartsfield-Jackson Atlanta International Airport on July 23, 2024 in Atlanta, Georgia. Brandon Bell | Getty Images CrowdStrike‘s legal troubles from last month’s massive global computer outage deepened on Monday, as the cybersecurity company was sued by air travelers whose flights were delayed or canceled. In a proposed class action […]
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San Francisco Fed President Daly sees interest rate cuts coming as labor market weakens
Mary Daly, president of the Federal Reserve Bank of San Francisco, during the National Association of Business Economics (NABE) economic policy conference in Washington, DC, US, on Friday, Feb. 16, 2024. Graeme Sloan | Bloomberg | Getty Images San Francisco Federal Reserve President Mary Daly on Monday said she expects that interest rates will be […]
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Lucid gets $1.5 billion cash infusion from Saudi shareholder, beats revenue estimates
The Lucid Air on display at the New York International Auto Show on March 28, 2024. Danielle DeVries | CNBC Lucid Group said on Monday its largest shareholder, Saudi Arabia’s Public Investment Fund, will inject $1.5 billion in cash, as the electric vehicle maker looks to add new models to its product line. The EV maker’s shares, […]
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Prepare for a new high-volatility market regime
It’s not every day that you see the Cboe Volatility Index — market’s ‘fear gauge’ — spike above 25, much less 65. When it does, it suggests fears are running exceptionally high based on real-time pricing of S & P 500 Index options. The ‘VIX’ touched 65 briefly before retreating in Monday trading. Often, spikes […]
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Google loses antitrust case over search
CEO of Alphabet and Google Sundar Pichai meets Polish Prime Minister at the Chancellery in Warsaw, Poland on March 29, 2022. Mateusz Wlodarczyk | Nurphoto | Getty Images A federal U.S. judge ruled Monday that Google has illegally held a monopoly in two market areas: search and text advertising. The landmark case from the government […]
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Where to generate income and safety during this global asset meltdown
With the stock market melting down, investors are scrambling for safety and ways to generate income. U.S. stocks tumbled Monday as part of a global sell-off amid fears of a recession. Investors were concerned about Friday’s disappointing jobs report and whether the Federal Reserve may have waited too long to cut rates. Treasury yields have […]
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I’m prepared to ‘start buying Japan,’ Monex Group’s Jesper Koll says despite major stock sell-off
Monex Group’s Jesper Koll says he is prepared to “start buying Japan” on the back of fundamentals still being “solid” in the country, even as Japanese markets on Monday experienced a major stock-sell off. Earnings may be revised downwards due to the movement of the Japanese yen, but there have been improvements in corporate governance, […]
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