A glimpse of a shadow of a suggestion that the Fed might start lowering interest rates again was enough to send U.S. stocks surging and Treasury yields falling. Source link
Author: usaeverydaylife
China’s stock market has been rallying to multiyear highs as trade tensions with the U.S. have eased for now. Fueling the bull run are ordinary Chinese households, flush with record savings and a fear of missing out. Mainland China’s benchmark CSI 300 is up nearly 22% since its April 7 low, following U.S. President Donald Trump’s rollout of “reciprocal tariffs,” on April 2. The index on Friday closed at its highest since July 2022. Total Chinese household savings currently stand at more than 160 trillion yuan ($22 trillion), a record high, according to HSBC. That is more than a third…
The Merlion statue in the central business district of Singapore, on Tuesday, July 8, 2025.Bloomberg | Bloomberg | Getty ImagesSingapore’s inflation cooled to a lower-than-expected 0.6% in July, as the city-state braced for slower growth later this year.This was lower than the 0.7% expected by economists polled by Reuters, and was also below the 0.8% seen in June.Core inflation — which strips out prices of private transport and accommodation — dipped to 0.5%, lower than the 0.6% forecast by the Reuters poll.The Monetary Authority of Singapore said a fall in retail and other goods prices led to cooler inflation, as…
Signage for the Hyundai Motor Co. annual shareholders meeting stands at the company’s headquarters in Seoul, South Korea.Bloomberg | Bloomberg | Getty ImagesSouth Korea’s parliament on Monday approved a bill that intends to increase the accountability of corporate boards to shareholders, as the ruling party-controlled parliament pushes reforms to boost the country’s equity valuations.The revised Commercial Act bill, a follow-up to earlier revisions passed on July 3, will force large companies to implement more separate votes when introducing audit committee members to strengthen oversight.The bill also “aims to enable minority shareholders to elect their own representatives to the board,” said Kim Jin-wook, a…
NEW YORK, NY – SEPTEMBER 12: Logos for Chinese electric car company NIO are displayed at a trading post on the floor of the opening bell at the New York Stock Exchange (NYSE), September 12, 2018 in New York City. The Shanghai-based electric car company opened for trading at $6 per share. (Photo by Drew Angerer/Getty Images)Drew Angerer | Getty Images News | Getty ImagesThe Hong Kong-listed shares of Chinese electric carmaker Nio surged as much as 14.84% Monday, extending its gains for the seventh consecutive session.The rally comes after the company unveiled its latest ES8 SUV on Aug. 21.…
In June, my children and I flew from Singapore to Texas to visit family.Several weeks later, we met up with my husband in New York City. Then I flew, solo, back to Asia, later followed by my husband. Eventually the kids returned with a set of grandparents in tow.All in, our summer trip took seven separate bookings to pull off — a twisted mix of one-way tickets and return trips — sometimes among people on the same flight.But the flexibility needed to avoid this booking ordeal, which took half a day to execute, is not only possible — it exists…
A man wearing a raincoat rides a bicycle on a road before Typhoon Kajiki makes landfall in Vietnam, in Nghe An province on August 25, 2025.Nhac Nguyen | Afp | Getty ImagesVietnam has shut down airports, closed schools, and initiated mass evacuations as it prepares for the most powerful storm so far this year.Typhoon Kajiki was packing winds of up to 166 kph (103 mph) as it approached Vietnam’s central coast and was forecast to grow stronger before making landfall on Monday afternoon, the country’s weather agency said.”This is an extremely dangerous fast-moving storm,” the government said in a statement Sunday night,…
Federal Reserve Chairman Jerome Powell is seen walking in Grand Teton National Park near Jackson Hole, Wyoming, on August 22, 2025.Natalie Behring | Getty Images News | Getty Images Since inflation in America peaked at 9.1% in June 2022, the U.S. Federal Reserve has made controlling price increases — by keeping interest rates high — its main goal.One consequence of tight monetary policy tends to be a slowing economy and a cooler labor market. For a while, that scenario didn’t materialize, leading many to think the Fed, under chair Jerome Powell’s piloting, had achieved the rare “soft landing,” in which…
Thousands of homes were under evacuation orders and warnings on Sunday from wildfires in Northern California wine country and central Oregon as crews battled the flames in dry, hot weather.The Pickett Fire, which had charred about 10 square miles (26 square kilometers) of Napa County, was just 11% contained on Sunday, according to the California Department of Forestry & Fire Protection, or Cal Fire.Some 190 people were ordered to leave their homes, while another 360 were under evacuation warnings as the fire threatened 500 structures near Aetna Springs and Pope Valley, about 80 miles (127 kilometers) north of San Francisco,…
Ulsan city skyline from the Hamwolru Pavilion. People can enjoy beautiful cityscape for free. Ulsan, South Korea.Insung Jeon | Moment | Getty ImagesAsia-Pacific markets were set to track Wall Street gains and open higher Monday after Federal Reserve Chair Jerome Powell signaled that the central bank could begin easing monetary policy next month in his widely anticipated annual speech in Jackson Hole, Wyoming.Japan’s Nikkei 225 was set to open higher, with the futures contract in Chicago at 43,070 while its counterpart in Osaka last traded at 42,950, against the index’s Friday close of 42,633.29.Australia’s S&P/ASX 200 was set to start the day lower, with futures tied to…
