Hong Kong’s stock market hit hard by the market rout

Hong Kong’s stock market hit hard by the market rout

Hong Kong’s stock market has underperformed this year – but its exchange operator has made it even worse. The shares in Hong Kong Exchanges & Clearing Ltd. is down 43% since the start of the year, even after a rally so far in November. That’s a bigger drop than Hong Kong’s benchmark Hang Seng index, … Read more

Crypto Exchange Binance to Acquire Rival FTX

Crypto Exchange Binance to Acquire Rival FTX

Cryptocurrency exchange FTX, just months removed from looking like a shining survivor in a struggling industry, succumbed to its own sudden liquidity crisis on Tuesday and was taken over by rival Binance. The deal signals a shift in power in the crypto world, which has been decimated by rising interest rates and investors retreating from … Read more

Treasury chief Janet Yellen heads to India as US seeks to deepen ties

Treasury chief Janet Yellen heads to India as US seeks to deepen ties

Treasury Secretary Janet Yellen’s trip to India this week will be the latest attempt by the Biden administration to look past the new power’s longstanding ties to Russia and deepen a relationship it hopes will serve as a counterweight to China. The US has changed its approach to India since the invasion of Ukraine began, … Read more

Stock futures rise as midterm vote begins

Stock futures rise as midterm vote begins

US stock futures ticked higher as investors awaited the outcome of the midterm elections, which are expected to result in a divided government. S&P 500 futures rose 0.4% on Tuesday, while Nasdaq 100 futures rose 0.6%. Dow Jones Industrial Average futures rose 0.4 percent. The moves come a day after stock markets rallied, with the … Read more

Justice Department announces seizure of Bitcoin, once valued at $3.36 billion

Justice Department announces seizure of Bitcoin, once valued at $3.36 billion

The Justice Department said Monday it had seized cryptocurrency once worth $3.36 billion from a Georgia man who pleaded guilty to stealing bitcoin from the Silk Road online marketplace. The seizure of cryptocurrency, which took place in November 2021 and had not been made public, is the second largest in the history of the Department … Read more

Alibaba, Nio, Tencent and other Chinese stocks rise

Alibaba, Nio, Tencent and other Chinese stocks rise

Chinese stocks rose on Monday as investors remained optimistic that coronavirus rules would be eased, despite repeated messages from authorities that China would stay the course with “zero Covid” policies. Major U.S.-listed Chinese stocks were higher in premarket trade, with Ali Baba (ticker: BABA) rises 1.5%, JD.com (JD) 2% in the green, Tencent (700.HongKong) climbing … Read more

Stock futures rise to start busy week with intermediate futures, inflation data

Stock futures rise to start busy week with intermediate futures, inflation data

Stock futures rose ahead of a crowded week of corporate earnings, inflation data and midterm elections that could see a shift to Republican control of one or both houses of Congress. Futures tied to the S&P 500 rose 0.5% on Monday, while futures tied to the Dow Jones Industrial Average rose 0.5%. Contracts linked to … Read more

The best places to get income in the bond market now

The best places to get income in the bond market now

Bonds have performed so poorly this year that many investors are probably wondering what the point of owning any is. People usually buy fixed-income investments to add stability to portfolios in addition to collecting regular income — but that strategy has backfired this year. Funds that track the U.S. bond market have fallen about 16%, … Read more

US equity funds showed life in October

US equity funds showed life in October

No one is saying mutual fund investors will be celebrating 2022 when it’s done. But October’s out-of-the-blue rally was a respite from the pain. The average U.S. stock fund gained 8.7% in October, according to Refinitiv Lipper data, as the stock market rallied. The Dow Jones Industrial Average rose 14% during the month, its best … Read more

Hedging against currency fluctuations separates winners from losers this year

Hedging against currency fluctuations separates winners from losers this year

The dollar’s recent surge has added to the complexity of buying overseas stocks for investors accustomed to focusing on metrics such as company earnings and share price valuations. When US-based investors hold international stocks, their performance is driven by fluctuations in exchange rates as well as the performance of the underlying company stocks. In periods … Read more