Markets
Why China shows no sign of backing away from its ‘zero-Covid’ strategy
While the rest of the world battled wave after wave of coronavirus, China’s strict zero-Covid policy kept case numbers down and national pride up. So how long can China maintain its strict Covid policies? And what matters most to Beijing? Thanks to its zero tolerance for Covid-19 cases, China was the only major economy to […]
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Asia stocks decline as investors react to mixed Chinese economic data
SINGAPORE — Asia markets largely slipped in Monday trade, with investors reacting to the release of Chinese economic data, including first-quarter gross domestic product figures. In Japan, the Nikkei 225 fell 1.5% as shares of Fast Retailing declined nearly 2%. The Topix index shed 1.22%. Mainland Chinese stocks were also lower, with the Shanghai composite […]
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China’s first quarter GDP beats expectations to grow 4.8% year-on-year
A traffic police officer prepares to check a truck at a service station near Shanghai, which has ordered tighter restrictions on travel in and out of the city as China battles its most severe Covid outbreak since the early days of the pandemic in 2020. Yin Liqin | China News Service via Getty Images BEIJING […]
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Goldman says recession risks are growing, but it’s too early to worry. Here’s why
Goldman Sachs says it’s too early for “recession obsession.” Source
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S&P 500 futures slide ahead of a huge week of earnings reports
Stock futures fell Sunday evening as investors braced for a week of major first-quarter earnings reports ahead. Futures on the Dow Jones Industrial Average lost about 150 points, or 0.4%. S&P 500 futures shed 0.5%. Nasdaq futures were lower by 0.8%. Bank of America reports quarterly results Monday before the bell. Several Dow blue-chip names […]
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It’s a matter of when, not if, the SEC approves bitcoin spot ETF, says Grayscale CEO
Crypto experts are hopeful a spot bitcoin ETF could arrive as soon as this year. The optimism comes on the heels of the Securities and Exchange Commission approving an application for the Teucrium Bitcoin Futures ETF earlier this month. The fund was filed under the Securities Act of 1933, instead of the Investment Company Act […]
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China’s Covid policy locks down a city three times the size of New York
The Huangpu River splits the Chinese city of Shanghai between the older settlement on the west and the newer, financial center on the east. Johannes Eisele | Afp | Getty Images China’s latest wave of Covid restrictions has forced millions of people — roughly three times as many as live in New York City — […]
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Investors rush toward stocks geared to a recession as market remains stuck in 9-month range
The S&P 500 has spent just about all of the past three months below the minus-5% threshold and finished last week at a level first reached nearly nine months ago. Source
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U.S. officials link North Korean hackers to $615 million cryptocurrency heist
A photo illustration showing the North Korean flag and a computer hacker. Budrul Chukrut | Sopa Images | Lightrocket | Getty Images North Korean state-backed hacking collective Lazarus Group is linked to a massive cryptocurrency hack that led to the theft of $615 million in digital assets, U.S. officials allege. The Treasury Department’s Office of […]
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We’re all gonna make it? Crypto bosses say the ‘tide is turning’ on regulation
Changpeng Zhao, founder and CEO of Binance, speaks at the Blockchain Week Summit in Paris, France, on April 13, 2022. Benjamin Girette | Bloomberg | Getty Images PARIS — The crypto world may have turned a corner when it comes to regulation. The bosses of several major crypto companies told CNBC regulators are beginning to […]
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