Anbang Insurance Group, whose chairman was detained in June, on Tuesday denied a report that it had been told by regulators in China to sell its overseas assets. Bloomberg reported on Monday that Anbang, best-known overseas for the record-breaking purchase of the Waldorf Astoria hotel in New York, was told to make the disposals and […]
Read moreWith the Reserve Bank of Australia expected to keep its benchmark rate unchanged on Tuesday, market watchers turned their attention to possible comments the central bank may make about the local currency. The Australian dollar climbed from $0.76 to above $0.80 over the last month, partly due to the weakness in the greenback. “With mining […]
Read moreThe abrupt dismissal of White House communications director Anthony Scaramucci less than two weeks after his appointment may be linked to the outspoken financier’s China dealings. The firing has been widely attributed to Scaramucci’s verbal tirade to a reporter in addition to orders from new chief of staff John F. Kelly. But there’s a third […]
Read moreChina is set to see another set of Purchasing Manager’s Index readings on Tuesday as Caixin and IHS Markit announce indicators amid concerns about slowing growth in the world’s second-largest economy. In June, the Caixin manufacturing PMI came in at 50.4, up from May’s 49.6, which was an 11-month low. Levels above 50 signal an […]
Read moreAs the leader of the world’s third-largest economy battles an acute crisis of confidence, questions over his future and his namesake economic program loom large. Public backlash over suspected cronyism on the part of Japanese Prime Minister Shinzo Abe has pushed support for the 62 year-old to under 30 percent — his lowest level ever. […]
Read moreElon Musk is a man of his word. The self-made billionaire (16 times over) has a lot of demands on his time running the electric car company Tesla, aerospace company SpaceX and his new venture, Neuralink, which aims to connect the human brain with computing power. Yet when Musk he received a letter from a […]
Read moreAt-home DNA-testing company 23andMe is recruiting 25,000 people for a study to determine how genes influence brain functions in people diagnosed with depression and bipolar disorders. The Google-backed company’s latest project is a collaboration with the Milken Institute, a medical research nonprofit, and Lundbeck, a drug developer, to study the genetics — and also symptoms, […]
Read moreGreater political uncertainty stateside after another high profile personnel change Monday and China Caixin manufacturing PMI due later in the session are expected to be in focus during the Asian trading day. Anthony Scaramucci was fired by President Donald Trump just 10 days after he was tapped to be White House communications director. The dismissal, […]
Read moreAugust trading kicks off Tuesday on what could be one of the more important market days of the summer. The PCE inflation data report, which is closely watched by the Fed and a key to its decisions on interest rates, leads a series of major economic reports, including personal income and spending, and car sales. […]
Read moreIn a stock market with possible winners everywhere, Jim Cramer likes to highlight its unsung heroes. On Monday, he chose Baxter International, Becton Dickinson and Boston Scientific, crowning them “the killer B’s.” “Why call them ‘the killer B’s,’ aside from the obvious? Because these guys simply refuse to stop going higher. Their stocks almost never […]
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