Weekly jobless claims rise in line with estimates Moderna and Pfizer in place as FDA clears updated COVID boosters Exxon climbs after strengthening its buyback program Indices up: Dow 0.55%, S&P 0.75%, Nasdaq 1.13% Dec 8 (Reuters) – The S&P 500 (.SPX) ended higher on Thursday, ending a five-game losing streak as investors interpreted data …
ORLANDO, Fla., Dec 8 (Reuters) – When Yogi Berra said it was hard to make predictions, especially about the future, he probably didn’t have financial market analysts in mind. But the famous baseball player’s famous malapropism, also similarly expressed by others, probably applies as much to predicting the outlook for stocks, bonds and currencies as …
Column: When Market Forecasters Should Earn Their Credentials: McGeever Read More »
China and Hong Kong stocks rise after new reports of easing COVID restrictions Economic slowdown fears temper risk sentiment Gas prices rise as freezing weather blankets Europe LONDON, Dec 8 (Reuters) – Global equities and oil prices battled their way out of a four-day slump on Thursday as deeply inverted bond yield curves and choppy …
Stocks and oil struggle to emerge from four-day drop Read More »
LONDON, Dec 6 (Reuters) – Goldman Sachs (GS.N) plans to spend tens of millions of dollars buying or investing in crypto companies after the FTX stock market crash hit valuations and chilled the market. interest of investors. The FTX implosion has increased the need for more trusted and regulated cryptocurrency players, and big banks see …
Exclusive: Goldman Sachs on the hunt for cheap crypto firms after FTX fiasco Read More »
SINGAPORE/HONG KONG, Dec 5 (Reuters) – This is what markets call “tail risk”: a highly unlikely scenario in which Hong Kong’s currency peg suddenly collapses. Still, market prices suggest betting on such a shock is building in the hedge fund world, and some traders say that makes a lot of sense. Billionaire fund manager Bill …
Unlikely bets on breaking the Hong Kong dollar peg add up Read More »
LONDON, Dec 2 (Reuters) – While there have been few larger repercussions from the spike in redemption requests this week at an unlisted Blackstone real estate income trust (REIT), some see it as a sign of Warning. Blackstone (BX.N) limited withdrawals from its $69 billion unlisted REIT on Thursday after redemption requests hit pre-set limits …
Analysis: Blackstone REIT restriction is a possible warning sign for markets Read More »
NEW YORK, Dec 1 (Reuters) – Blackstone Inc (BX.N) on Thursday limited withdrawals from its $69 billion unlisted real estate income trust (REIT) after a spike in redemption requests, an unprecedented blow to a franchise that helped it become an asset management giant. The brakes came because redemptions hit pre-set limits, rather than Blackstone setting …
Blackstone’s $69bn REIT stifles takeovers in blow to real estate empire Read More »
Filing follows weeks after FTX collapse FTX listed as BlockFi’s #2 creditor Bitcoin down over 70% from 2021 peak Nov 28 (Reuters) – Cryptocurrency lender BlockFi has filed for Chapter 11 bankruptcy, it said on Monday, the industry’s latest casualty after the company was hit by the exposure to the dramatic collapse of the FTX …
Crypto lender BlockFi files for bankruptcy, cites exposure to FTX Read More »
Dozens of campus protesters parade civil disobedience No sign of new protests in Beijing and Shanghai on Monday Chinese bonds and equities suffered strong outflows in 2023 LONDON, Nov 28 (Reuters) – Rare protests spreading across China against Beijing’s zero COVID-19 policy may have sparked a fresh wave of political uncertainty, but could also hasten …
Investors hope Beijing lifts COVID curbs faster as protests stifle markets Read More »
ORLANDO, Fla., Nov 25 (Reuters) – As Wall Street reopens after the Thanksgiving holiday, investors are looking for a final boost to ensure 2022 ends up being simply bleak rather than the bloodbath most feared . Since hitting a two-year low in October, the S&P 500 has rebounded 15% even as interest rates, expectations of …
Column: Wall Street gives thanks, look at year-end whoosh: McGeever Read More »
