The Chinese stock market just had its best single day in more than a decade. The mainland CSI 300 index on Monday surged 8.5% , its biggest one-day gain since September 2008. That pushed the benchmark to its highest level since August 2023. It’s also the last trading day of the week in China due to the Golden Week holiday. U.S.-traded ETFs linked to China popped following the overnight action. The iShares China Large-Cap ETF (FXI) traded 2.5% higher. The iShares MSCI China ETF (MCHI) gained 3.4%. Those moves came after China unveiled a slate of stimulus measures to curb…
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Dish’s Charles ErgenAndrew Harrer | Bloomberg | Getty ImagesDish’s “Seinfeld” strategy appears to have ended quite like the actual show — with its finale a generally-accepted disappointment.In 2011, Dish cofounder Charlie Ergen first mentioned “Seinfeld” on an earnings call, responding to an analyst’s question about his company’s mixed bag of assets. Ergen noted a half-hour episode of the 1990s sitcom would usually start with multiple plot lines without a clear direction, “But it all seemed to come together in the last couple of minutes,” he said. “And so I think in terms of where we’re going strategically, you’ll have to…
U.S. President Joe Biden delivers remarks on an executive order limiting asylum in the East Room of the White House on June 04, 2024 in Washington, DC. Kevin Dietsch | Getty ImagesThe Biden administration said Monday it is making asylum restrictions at the southern border even tougher, as it’s increasingly eager to show voters uneasy over immigration that it is taking a hard stance on border security.The new rules, which toughen restrictions announced in June, bar migrants from being granted asylum when U.S. officials deem that the southern border is overwhelmed.Under the previous rules, the U.S. could restrict asylum access when the number…
On the evening of June 3, 2019, roughly 50 people gathered in the backyard of a single-family home in Valley Grande, Ala. The sun was still high on a 92-degree day that showed no signs of cooling down as the group stood around the pool, munching on chips, dip and pizza.Kerry and Allen Henderson had been hesitant about attending the party. Hosted by a friend, it was a watch party for Major League Baseball’s annual draft, and their 17-year-old son, Gunnar, was among those hoping to be selected. They were anxious, and wondered if they should have just watched at…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what’s ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today’s show, Bill Barhydt of Abra discusses crypto’s performance in the third quarter and his expectations through the end of 2024. Source link
Americans’ love affair with cash may be costing them in the long run, according to Wells Fargo. The bank believes “the time may have come” to start pulling money out of cash vehicles like money markets, high-yield savings accounts and other short-term instruments. A record $6.42 trillion is sitting in money market funds, as of Wednesday, according to the Investment Company Institute . While it has been a great place to park cash and earn attractive yields, those rates are coming down now that the Federal Reserve has started cutting rates. The seven-day annualized yield on the Crane 100 list…
Universal Credit may not be as well known as most other personal loan lenders out there, but it still offers a strong product for those with lower credit scores. Read on to learn more about Universal Credit’s personal loan.Compare personal loan offersUniversal Credit Personal LoansAnnual Percentage Rate (APR)Loan purposeDebt consolidation, large purchases, business, home improvement and moreLoan amountsTermsCredit neededMinimum credit score of 560Origination feeEarly payoff penaltyLate feeProsNo early payoff feesOffers funding as early as the next business day Low credit score requirement of 560 ConsOrigination fee can be a bit high Universal Credit pros and consProsNo early payoff fees: Borrowers…
NEW YORK — The final basket of Breanna Stewart’s 34-point clinic on Sunday to open the WNBA semifinals was never going to be blocked. Las Vegas Aces forward A’ja Wilson tried — elevating as high as she could as the seconds ticked down on both the shot and game clock — but the New York Liberty star skied over Wilson’s outstretched arms.With just over a minute remaining in New York’s eventual 87-77 victory, Stewart elevated for a runner. A step in front of the free-throw line, she leaped, flicked the basketball with her right hand and watched it carom off…
US Federal Reserve chairman Jerome Powell holds a press conference in Washington, DC, on September 18, 2024.Mandel Ngan | AFP | Getty ImagesFederal Reserve Chair Jerome Powell said Monday that the recent half percentage point interest rate cut shouldn’t be interpreted as a sign that future moves will be as aggressive, in fact indicating the next moves will be smaller.The central bank chief asserted during a speech in Nashville, he and his colleagues will seek to balance bringing down inflation with supporting the labor market and let the data guide future moves.”Looking forward, if the economy evolves broadly as expected,…
[The stream is slated to start at 1:55 p.m. ET. Please refresh the page if you do not see a player above at that time.]Federal Reserve Chair Jerome Powell is set to speak Monday to the National Association for Business Economists during the organization’s annual conference in Nashville.The central bank chair is delivering his assessment on the economy as well as his policy views.Following the speech, Powell will speak in a moderated discussion with Ellen Zentner, global head of thematic and macro investing at Morgan Stanley Wealth Management.The speech comes less than two weeks after the rate-setting Federal Open Market…
