The uber-wealthy are doing just fine and Wall Street is cashing in
Worries of a possible global recession are deepening as heightened inflation and interest rates act as a brake on spending, while geopolitical strife adds to a sense of profound economic uncertainty.
2023-06-02 19:56
Hong Kong leads global market rally with best day in three months
Global stocks climbed Friday, led by a resurgent Hong Kong market, as investors greeted signs that the US Federal Reserve may hold off raising interest rates this month, the end of the US debt ceiling drama, and talk that China might unveil new measures to boost its faltering economic recovery.
2023-06-02 19:20
Marketmind: Jubilant markets eye jobs in June jump
A look at the day ahead in U.S. and global markets from Mike Dolan With the U.S. debt ceiling removed,
2023-06-02 18:29
Tech shares see biggest ever weekly inflow on AI boom-BofA
LONDON Technology equity funds saw their biggest weekly inflows on record in the week to Wednesday, driven by
2023-06-02 17:54
China Mulls New Property-Market Support Package to Boost Economy
China is working on a new basket of measures to support the property market after existing policies failed
2023-06-02 17:17
Global Food Costs at 2-Year Low But Grocery Bills Stay High
Global food costs fell to the lowest level in two years in May, reviving hopes that sticky inflation
2023-06-02 17:15
Debt-Limit Deal Clears Congress, Ending Threat of US Default
The Senate passed legislation to suspend the US debt ceiling and impose restraints on government spending through the
2023-06-02 16:56
BofA Says AI Frenzy Drives Record Inflows Into Tech
The buzz around artificial intelligence has investors pouring a record amount of money into tech stocks, Bank of
2023-06-02 16:49
Palm Oil Production Seen Surging in Malaysia as Workers Return
Palm oil supply in Malaysia is set to soar as a labor crunch eases in the world’s second-biggest
2023-06-02 16:24
UK House Prices Are Falling Again — And There’s More Pain Ahead
The UK housing market is sputtering again, with economists predicting that the downturn has further to run as
2023-06-02 15:57
SBB’s Embattled CEO Faces Tough Sell After London Investor Pitch
The property tycoon at the center of Sweden’s real estate crisis traveled to the City of London this
2023-06-02 15:22
Take Five: Almost half-time
The hefty weight of tech megacaps, strange reporting rules for an upcoming OPEC meeting and more pain for
2023-06-02 15:17