China’s central bank governor said there was room to further cut banks’ reserve requirements, and pledged to utilize monetary policy to prop up consumer prices. Bloomberg | Bloomberg | Getty Images BEIJING — China’s central bank governor said there was room to further cut banks’ reserve requirements, and pledged to utilize monetary policy to “mildly” … Read more
CNBC’s Jim Cramer on Tuesday reviewed Tuesday’s declines, saying this action doesn’t indicate a market bubble, but that stocks may be hitting their tops. “Toppy” action may not be great, he said, but it’s “much less devastating than a burst bubble.” The latter occurs when stocks climb to new highs and then fall back, while … Read more
New cars of the “Dolphin” model from Chinese car manufacturer BYD are in the harbor. Picture Alliance | Picture Alliance | Getty Images Chinese electric vehicle makers shares listed in Hong Kong fell on Tuesday as worries of price wars in the sector grew. China’s EV market, the world’s largest and most crowded, is seeing … Read more
CNBC’s Jim Cramer on Monday disputed talk of sector bubbles, saying investors should be prepared to buy if there’s a sell-off and undervalued stocks pull back. “I will be ready to buy if this market sells off,” he said. “Just raise some cash and be ready to do some buying if and when the market … Read more
China’s Premier Li Qiang speaks during the 54th annual meeting of the World Economic Forum in Davos, Switzerland, January 16, 2024. Denis Balibouse | Reuters BEIJING — China set a growth target of “around 5%” for 2024, according to the “Government Work Report” released Tuesday. The targets for GDP and other economic indicators were published … Read more
Securities and Exchange Commission Chair Gary Gensler on Wednesday will hold a vote on one of his most controversial proposals: a rule that would require corporate America to disclose material risks posed by climate change. President Joe Biden said climate risk is an “existential threat” and that it posed a greater risk than nuclear war. … Read more
A Chinese flag flutters on top of the Great Hall of the People ahead of the opening ceremony of the Belt and Road Forum (BRF), to mark 10th anniversary of the Belt and Road Initiative, in Beijing, China October 18, 2023. Edgar Su | Reuters BEIJING — China is set this week to kick off … Read more
The Toronto Stock Exchange’s parent company has already completed a major deal this year: its acquisition of ETF education company VettaFi. According to TMX Group CEO John McKenzie, the deal helps expand its exchange-traded fund business globally. “The exchange-traded fund is essentially one of the most important innovations in investing in the marketplace history — … Read more
CNBC’s Jim Cramer on Friday told investors what to look for next week on Wall Street, including earnings from retailers like Target. According to Cramer, March’s market has come in like a bull — not a lion — but he wondered if it will go out like one too. He said the economy’s not so … Read more
The flags of China, U.S. and the Chinese Communist Party are displayed in a flag stall at the Yiwu Wholesale Market in Yiwu, Zhejiang province, China, May 10, 2019. Aly Song | Reuters BEIJING — China’s Ministry of Commerce met with foreign businesses in Beijing this week in an effort to address operating challenges, but … Read more
