Goldman Sachs, JPMorgan Chase and Fidelity are the biggest winners from investors pouring cash into US money market funds over the past two weeks, as the collapse of two regional US banks and the rescue deal for Credit Suisse raised concerns about the safety of bank deposits. More than… Read Full Article Here FT
The funding to build a £1.4bn undersea electricity cable between the UK and France has been lined up, according to the Ukrainian born tycoon behind controversial plans being reviewed again by the government. Last month, the High Court in London overturned a government decision to block the cable, which could supply up to 5 per […]
Hong Kong has pushed ahead with plans to let retail investors trade cryptocurrencies as it vies with Singapore for supremacy as a digital assets hub. Under plans launched on Monday by the Hong Kong Securities and Futures Commission, the industry’s two largest crypto tokens — bitcoin and ether — would be opened up to retail […]
Global investors have snapped up a record $21bn worth of Chinese equities this year, as robust economic data spurs traders to make larger bets that the reopening rally has further to run. Foreign buying of Shanghai- and Shenzhen-listed shares through Hong Kong’s Stock Connect programme has rocketed to Rmb141bn ($21bn) so far in 2023 — […]
European stocks rallied on Wednesday after investors drew optimism that the US Federal Reserve would not need to raise its benchmark interest rate more than expected. Equities in Europe followed late gains overnight in the US after remarks from the US central bank’s chair Jay Powell that were less hawkish than some traders had anticipated. […]
Chinese property developer Dalian Wanda’s second dollar bond sale in less than a month was quickly oversubscribed on Monday, pointing to a renewed hunger from global finance after years of concern with the financial health of China’s highly indebted real estate groups. The sale of a three-year US dollar bond by Wanda received orders worth […]
CNBC’s Jim Cramer on Wednesday advised investors to block out the market bears, and use their missteps to bolster their own portfolios. “Their mistaken selling creates opportunities for you to buy the dips. You need to have conviction that the sellers are wrong and you’re right. You need to believe in your view, not the […]
WESTLAKE, Texas–(BUSINESS WIRE)–Charles Schwab has been named the top online brokerage firm by Investor’s Business Daily (IBD). In its 11th annual report of the Best Online Stock Brokers, Schwab ranked first in seven of the 18 performance categories: Customer Service, Investment Research, Timely Information on Market Shifts, Incentives/Discounts/Pricing, Up-to-the-Minute Data on Inflation & Other Market […]
Good morning. This article is an on-site version of our FirstFT newsletter. Sign up to our Asia, Europe/Africa or Americas edition to get it sent straight to your inbox every weekday morning The world’s leading central banks are poised to raise interest rates this week to their highest levels since the financial crisis, stoking anxiety […]
CNBC’s Jim Cramer on Friday told investors to steer clear of stocks in the Nasdaq Composite and instead place their bets on names listed in the Dow Jones Industrial Average. “Even though tech has started the new year strong, and it was crazy good today, the charts, as interpreted by Larry Williams, say you need […]