You are here
Home > Posts tagged "markets"

Global Equity Slump Deepens as Rate Fears Grow: Markets Wrap

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 Was the Best Week for Stocks in a Year

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

How China Will Shake Up the Oil Futures Market

China, the world’s biggest oil buyer, is on the verge of opening a domestic market to trade futures contracts. It’s been planning one for years, only to encounter delays. The Shanghai International Energy Exchange, a unit of Shanghai Futures Exchange, will be known by the acronym INE and will allow

Bitcoin Heads to Wall Street Whether Regulators Are Ready or Not

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

Bitcoins Wild Ride: A Rally, a Rout and Outages on the Exchanges

Bitcoin plunged as much as 20 percent hours after a rally past $11,000 generated a surge in traffic at online exchanges that led to intermittent outages.The plunge capped a wild day for the largest cryptocurrency that included a breakneck advance to a high of $11,434 before the reversal took it

The GOP Tax Plan Is Entering Its Make-or-Break Week

The $1.4 trillion item on President Donald Trump’s wish list -- a package of tax cuts for businesses and individuals that he has said he wants to sign before year’s end -- is headed into the legislative equivalent of a Black Friday scrum next week.Senate Republican leaders plan a make-or-break

The Party Is Over for Australia’s $5.6 Trillion Housing Frenzy

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

Da Vincis Christ Portrait Shatters Art Record With $450 Million Sale

“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,

Top