Markets rise on US rate cut optimism; Tesla shares jump 10% after better-than-expected car sales – business live | Business
Important Events GSK buys all rights to influenza and coronavirus vaccines from CureVac GSK It has acquired all rights to develop, manufacture and sell mRNA vaccines for influenza and COVID-19 from a German pharmaceutical company. Cure Back. Britain’s second-largest pharmaceutical company will pay 400 million euros upfront and up to an additional 1.05 billion euros […]
Japanese Shares Pull Asia Higher as Yields Rise: Markets Wrap (Bloomberg) – Yahoo Finance
(Bloomberg) — Japanese shares rose in Asia and a benchmark Japanese stock index neared a record high, as financial shares rose on the prospect of higher lending rates. Most read articles on Bloomberg Japanese bank and insurance stocks were the biggest contributors to the Topix gains as the country’s 10-year government bond yield continued to […]
Global investor Mark Mobius on how a Trump win might impact emerging markets
Mark Morbius, chairman of the Morbius Emerging Opportunities Fund, discusses global fixed income markets on the Craman Countdown. Global investor Mark Mobius said President Trump’s reelection would likely be viewed favorably in emerging markets because it would bring a sense of “stability.” During Monday’s appearance on “The Claman Countdown,” host Liz Claman asked the Mobius […]
Looking to buy a house? These 3 ‘cold’ markets could offer a bargain
“Mansion Global” host Katrina Campins talks about the state of the housing market on “Making Money.” Rising home prices are forcing many would-be home buyers out of the U.S. housing market. Rising mortgage interest rates Prices continue to rise due to limited supply. But a new report from Realtor.com suggests that buyers may feel more […]
Markets Are Yelling Mayday
Estimated Reading Time: 3 minutes Editors’ Note: As far back as last summer, The Prickly Pear began to warn about 2022 being a “risk-off” year. Those elements of the economy, including stocks, bonds, cryptocurrencies, and real estate that have been elevated by easy money, will tend to suffer when the easy money is taken away. […]
Biden’s odds of re-election plummet after dismal debate performance, betting markets show
President Biden’s chances of winning a second term in the White House plummeted on Thursday after his poor performance in a debate with former President Donald Trump, according to data from political betting markets. The 81-year-old president’s reelection chances plummeted by 15 points in the aftermath of the CNN debate, according to betting site PredictIt.org. […]
Can Markets Function Normally With Intrusive Central Planning?
Estimated Reading Time: 6 minutes Editors’ Note: On Friday, March 10, Silicon Valley Bank collapsed, the second largest bank failure in US history. There is common wisdom that the FED keeps raising rates “until something breaks.” There is likely no bigger single market intervention than the manipulation of interest rates. Along with the meltdown in […]
Asian Currencies in Focus as Japan Warns on Yen: Markets Wrap – Yahoo Finance
(Bloomberg) — An index of Asian currencies fell for a third straight session to kick off a week that includes inflation data that may offer insight into the outlook for global interest rates, while the yen steadied after Japan’s top currency policymaker doubled down on intervention. Most read articles on Bloomberg Regional indexes also fell, […]
Stocks Fall on US Economic Data and Europe Angst: Markets Wrap – Yahoo Finance
(Bloomberg) — Stocks ended the week weaker after disappointing U.S. economic data and worries about a deepening political crisis in France led traders to shy away from riskier assets. Most read articles on Bloomberg U.S. stocks pared this week’s gains as high prices continued to hurt personal finances and a measure of consumer confidence unexpectedly […]
Elon Musk says Tesla shareholders are backing his $56bn pay package; markets cling onto soft landing hopes – business live | Business
Important Events Musk says Tesla shareholders voted for $56 billion compensation package It’s a landmark day for Tesla as the company asks shareholders to approve a $56bn (£44bn) pay package for CEO Elon Musk. The bill is back up for approval after being rejected by a Delaware judge earlier this year, so the electric-vehicle maker […]