Wall Street

U.S. 04/01/22, 08:57

Wall Street closed its worst quarter in two years, as concerns persist over the Russia-Ukraine conflict that has led to rising fuel prices and intensified inflation. U.S. stocks plunged on Thursday, despite posting a 3.6% gain in March, leading to the worst quarterly performance since the first quarter of 2020, when ...

Economy 03/08/22, 22:18

In 2021, Wall Street, which is fond of Chinese growth stocks, suffered a heavy setback. In an article reported in September 2021 by Reuters, China accelerated the pace of opening up its financial sector to U.S. firms after years. However, Beijing's new policy moves have rattled some foreign investors. They include ...

China 02/12/22, 03:54

As China has become more and more influential in the financial market, its goal behind this dominance is not that simple. James Gorrise, an expert about China and the author of The China Crisis, points out the Chinese regime's ambition to dominate the world via the financial industry. The value of ...

Economy 02/11/22, 21:25

According to recent reports from mainland media, Chinese stocks have recently staged a long-lost "big rebound." In addition to the collective increase of three Chinese e-commerce giants, Pinduoduo, JD.com, and Alibaba, other Chinese concept stocks also generally soared.  Dr. Xie Tian, ​​chair professor at the University of South Carolina Aiken School ...

New York 12/14/21, 03:32

On Dec. 2, the U.S. Securities and Exchange Commission announced that Chinese companies listed on U.S. stock exchanges are required to indicate whether they are owned or controlled by government agencies. At the same time, it is necessary to provide audit evidence. Some analysts say this could cause more than 200 Chinese companies ...

China 10/30/21, 03:27

According to Chinese Epoch Times, China's economy has been in more crisis than expected. The real estate industry is in free fall, and the debt crisis caused by real estate giant Evergrande are problems the CCP faces. The Chinese Communist Party (CCP) recently issued $4 billion in government bonds to try ...

China 09/26/21, 01:34

Last week, a top regulatory official told Wall Street leaders that China's recent regulatory tightening is not intended to rein in the country's private firms nor decouple from the United States or international financial markets. The crackdown has engulfed sectors as diverse as technology, education, and real estate, wiping hundreds of ...

New York 01/28/21, 05:47

A wild frenzy that has attracted the world’s attention is happening, and it’s a battle being played out on the internet. Amateur traders match blows with massive hedge funds, as tech-savvy young day traders are using social media platforms such as Reddit to buy up shares in a failing video ...

China 12/09/20, 15:51

Republican Senator Tom Cotton warned in an interview Tuesday about the danger of the Chinese Communist Party (CCP) and its penetration of U.S. politics and economy. He was categorical in his speech against the Democrats and Wall Street officials, whom he accused of being complicit with the CCP and working ...

New York 07/22/20, 15:44

Companies located in New York's financial district are opting for a mass withdrawal from the city, with several reasons encouraging them to move their offices. The new economic and social landscape unleashed by the spread of the CCP virus is causing drastic changes and reorganizations of all kinds. New York City ...

Business 02/24/20, 22:14

The U.S. stock market lost the most points in two years on Monday, Feb. 24, as the coronavirus epidemic threatens to drag global economic growth. All three key indexes fell sharply by more than 3%, with the Dow Jones Industrial Average dropping 1,031.61 points, or 3.56%, to close at 27,960.80, CNBC ...

U.S. 08/08/19, 13:37

Some Wall Street titans continued to maintain close personal and professional relationships with Jeffrey Epstein even after he was convicted of child sexual abuse. According to Bloomberg, Barclays' CEO and associate since 2015, Jes Staley, visited Epstein on his private island, accompanied by his wife Debora, in 2015, seven years after ...

Business 05/22/19, 00:53

Shares edged in Asia on Wednesday after a rebound in technology stocks helped power an overnight rally on Wall Street. Investors bought technology shares after the U.S. government opted to temporarily ease off on proposed restrictions on technology sales to Chinese companies. Japan's Nikkei 225 index added 0.1% to 21,299.02 and the ...

Business 02/25/19, 10:42

The latest on developments in financial markets (all times local): 9:35 a.m. Stocks are opening broadly higher on Wall Street after President Donald Trump agreed to hold off on raising tariffs on Chinese imports as trade talks progress. Technology and industrial companies led the way higher early Monday. General Electric jumped 14.8 percent after ...

Business 02/22/19, 00:08

Asian shares were mostly lower Friday after a slide on Wall Street as nervous investors eyed U.S.-China trade talks in Washington. Japan's benchmark Nikkei 225 slipped 0.3 percent to 21,402.57 in morning trading. Australia's S&P/ASX 200 gained 0.4 percent to 6,165.00. South Korea's Kospi fell 0.4 percent to 2,220.23, while Hong ...

Business 02/17/19, 22:31

Asian markets were broadly higher on Monday as traders looked forward to the continuation of trade talks between Chinese and American officials in Washington this week. South Korea's Kospi jumped 0.7 percent to 2,212.38 and the Shanghai Composite index rose 1.6 percent to 2,724.23. Hong Kong's Hang Seng was 1.7 percent ...

Business 02/15/19, 01:35

Asian shares were broadly lower on Friday, tracking a weak Wall Street session as traders awaited the conclusion of U.S.-China talks in Beijing. Japan's benchmark Nikkei 225 retreated 1.1 percent to 20,900.63 and the Kospi in South Korea tumbled 1.4 percent to 2,195.07. Hong Kong's Hang Seng gave up 1.8 percent ...

Business 02/14/19, 10:28

New figures showing that last month's holiday sales were far worse than previously expected helped drive stocks lower on Wall Street early Thursday, threatening to end a four-day winning streak for the S&P 500 index. The surprise drop in December sales, the worst in the decade, sank a range of stocks, ...

Business 02/06/19, 01:19

Shares have advanced in Asia following a rally on Wall Street led by technology companies. There was little if any immediate reaction to President Donald Trump's State of the Union address. Japan's Nikkei 225 index gained 0.1 percent to 20,874.06 early Wednesday. Australia's S&P ASX 200 rose 0.3 percent, helped by ...

Business 01/30/19, 19:06

Facebook reported robust earnings and revenue that handily surpassed Wall Street expectations for the final quarter of 2018 despite heavy spending on safety and security. Facebook said Wednesday that it earned $6.9 billion, or $2.38 per share, in the October-December period. That's up 61 percent from $4.3 billion, or $1.44 per ...