Signs of ‘serial acceleration’ in Hong Kong despite economic downturn in 2022: UBP UBB told CNBC’s “Squawk Box Asia” on Thursday that Hong Kong’s economy is “in a position to return to expansion” this year. “We’re seeing signs of a cascading acceleration in January. So that’s good news,” said Carlos Casanova, chief economist for Asia … Read more
Top 10 Things to Watch Tuesday, January 31 1. Will speculative stocks continue to outperform? The worst market performers of 2022 – including crypto stocks, SPACs and cloud software – are some of the biggest winners of this year’s rally. stay away. As I wrote on Sunday, I see this as a moment to trade … Read more
The club’s earnings season will reach a fever pitch on Thursday, when nine — yes, nine — companies in the Jim Cramer Charitable Trust will report quarterly results. A jam-packed earnings day saw the likes of industrial conglomerate Honeywell International (HON) and tech giants Apple (AAPL) and Alphabet (GOOGL). Stocks had a strong year, led … Read more
The Fed tries to control inflation without hurting the economy. Above, the Federal Reserve Bank Building in Washington, DC Stephanie Reynolds/AFP via Getty Images font size Many people take advantage of the new year for a fresh start. The market certainly did: After a painful 2022, it was Standard & Poor’s 500 It jumped 5.5% … Read more
Singapore house prices increased less in the last quarter of 2022 A statement issued by the Urban Redevelopment Authority showed private residential real estate prices in Singapore increased by 0.4% in the fourth quarter of 2022. The reading showed home prices rising less than the previous period’s increase of 3.8% and the slowest growth since … Read more
Chuiyangliu Hospital, pictured in January 2023 in Beijing, has in the past few years finished renovations that have allowed daily patents to increase sixfold to 5,000 per day, according to official estimates. Yin Hun Chau | CNBC BEIJING — Health, sports and wellness top the shopping list for anyone in their late 20s or older … Read more
After the poor performance of stocks and bonds in 2022, Wall Street is looking outside the United States for growth in 2023. Emerging markets, which include countries such as China, India, Brazil and others, are among the most important areas in which money managers invest in the hope of seeing gains that outpace the United … Read more
Stock performance in Biden’s first two years was the worst in 20 years. Getty Images font size President Joe Biden begins his third year in the Oval Office on Friday. For investors, his tenure has been marked so far by worst performance Since George W. Bush’s first two years in office. Biden, at least, has … Read more
China left the main interest rates for one-year and five-year loans unchanged The People’s Bank of China left the 1-year and 5-year loan prime rates unchanged, broadly in line with expectations. The 1-year LPR stood at 3.65% while the 5-year LPR stood at 4.3%, both unchanged since August 2022. The Chinese yuan off and on … Read more
TOP 10 THINGS TO WATCH WEDNESDAY, JANUARY 18 1. ‘Moderate recession’ are the new watchwords. We’ll talk about this concept and how to operate it during the Monthly Meeting on Thursday noon ET. Meanwhile, ahead of Wednesday’s opening bell, new data shows that still-high inflation is easing. Producer prices in December fell 0.5% more than … Read more
