Wall Street’s Big Bet on Chinese Markets is going all Wrong
The bar for China’s financial markets to do better this year was so low, virtually everyone on Wall Street was saying the country’s stocks and bonds could only go up. That bet isn’t going so well. Mainland equities just entered their first bear market since Donald Trump’s trade war. Shares i
Wall Street loves China more than ever
Despite political tensions and Beijing’s regulatory crackdowns last year, banks and money managers desperately want to compete in China. Some U.S. politicians have been calling for companies to back away from China, over concerns about national security and human rights. But JPMorgan, Morga
The Dow just had its Worst Day of the Year
U.S. stocks dropped sharply on Friday as a new COVID variant found in South Africa triggered a global shift away from risk assets. The Dow Jones Industrial Average dropped 905.04 points, or 2.53%, for its worst day of the year, closing at 34,899.34.
Microsoft, the world’s most valuable company
Apple lost its crown as the world’s most valuable public company to Microsoft Corp on Friday, as the iPhone maker’s shares fell about 2%.The companies have taken turns as Wall Street’s most valuable business in recent years, with Apple holding the title since mid-2020.