The U.S. stock market has regained some of the ground it lost last week, but it's still gyrating. Analysts fear China's slowing debt-ridden economy could send global markets on another wild ride. The spillover effect could be severe.
Asian equities fell and U.S. stock futures headed lower, extending the biggest selloff for global stocks in two years as investors adjusted to a surge in global bond yields.Shares sank across the region, putting the MSCI Asia Pacific Index on course for its biggest drop in almost 14 months. Benchmarks
It always looks inevitable in retrospect.Why wouldn’t U.S. stocks rally, surging to the biggest weekly gain in a year, amid earnings euphoria like this? With no hint of fatigue, the S&P 500 Index spent the holiday-shortened week rolling past 2,700, while the Dow Jones Industrial Average jumped over 25,000. Ninety-eight
Two U.S. exchanges, including the parent of the venerable Chicago Mercantile Exchange, are racing to embrace bitcoin, dragging federal regulators into a realm skeptics call a fad and fraud.The development shows how some big financial players are moving to co-opt the volatile cryptocurrency and lure more mainstream investors into the
The party is finally winding down for Australia’s housing market. How severe the hangover is will determine the economy’s fate for years to come.After five years of surging prices, the market value of the nation’s homes has ballooned to A$7.3 trillion ($5.6 trillion) -- or more than four times gross
“Jesus Christ.”That was the reaction of mega art dealer Larry Gagosian after a rediscovered painting by Leonardo da Vinci became the most expensive work ever sold, soaring to $450.3 million at a Christie’s auction in New York on Wednesday.Alex Rotter, the auction house’s co-chairman of postwar and contemporary art in the Americas,