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What Happened to China's Superstar Entrepreneur Jack Ma

  • What Happened to China's Superstar Entrepreneur Jack Ma What Happened to China's Superstar Entrepreneur Jack Ma 7:08
7:40 a.m. March 22, 2021 - By Michael Ashbaugh
Charting a jagged technical test, S&P 500 maintains support (3,915) Focus: Regional banks digest break to record territory, KRE, UNH, M, DDS, DKNGU.S. stocks are higher early Monday, rising at least partly amid easing Treasury yields. Against this backdrop, the S&P 500 has weathered a jagged retest of next support (3,915) to punctuate a mid-March downturn that has thus far inflicted limited true damage.
8:26 a.m. Feb. 17, 2021 - By Michael Ashbaugh
Charting market cross currents, S&P 500 pulls in to the range Cross currents across asset classes surface amid surging Treasury yields, TNX, USO, GLD, FXY, UUP, XLF, KREU.S. stocks are lower early Wednesday, pressured as the latest economic data fuel the debate regarding potential pending inflation. Against this backdrop, each big three U.S. benchmark has reversed from Tuesday’s record high, pulling in to its former range amid largely garden-variety selling pressure.
8:14 a.m. Feb. 5, 2021 - By Michael Ashbaugh
Charting a slow-motion breakout, S&P 500 edges to all-time high Focus: 30-year yield approaches marquee 2.0% mark, TYX, CSCO, BLDP, KEY, DDOGU.S. stocks are higher early Friday, rising despite a soft monthly U.S. jobs report. Against this backdrop, the S&P 500 and Nasdaq Composite have extended modest breakouts — tagging all-time highs — while the recently lagging Dow Jones Industrial Average vies to register its latest record close.
8:36 a.m. Feb. 2, 2021 - By Michael Ashbaugh
Charting a bullish February start: S&P 500 spikes from major support Focus: Biotechs challenge all-time highs, Regional banks sustain decisive breakout, XBI, KRE, TDOC, EXP, TOLTechnically speaking, the U.S. benchmarks are off to a strong February start, rising in the wake of the most aggressive market downturn in about three months, writes Michael Ashbaugh.
8:07 a.m. Feb. 2, 2021 - By Michael Ashbaugh
Charting a bullish February start: S&P 500 spikes from major support Focus: Biotechs challenge all-time highs, Regional banks sustain decisive breakout, XBI, KRE, TDOC, EXP, TOLTechnically speaking, the U.S. benchmarks are off to a strong February start, rising in the wake of the most aggressive market downturn in about three months. Against this backdrop, each big three benchmark has extended a reversal from major support, rallies preserving a bullish intermediate-term bias.
7:54 a.m. Jan. 7, 2021 - By Michael Ashbaugh
Charting January breakouts, U.S. benchmarks tag round-number milestones Focus: Financials and regional banks take flight amid surging Treasury yields, Health care sector tags record highs, XLF, KRE, XLV, AMAT, SWKS, DXCMU.S. stocks are firmly higher early Thursday, rising to punctuate an early-week whipsaw. Against this backdrop, each big three U.S. benchmark has tagged its latest record high as well as a round-number milestone — S&P 3,800, Nasdaq 13,000 and Dow 31,000.
7:59 a.m. Dec. 14, 2020 - By Michael Ashbaugh
Charting successful technical tests: S&P 500, Nasdaq maintain the breakout point Focus: Regional banks sustain late-year breakout, KRE, TWLO, TEAM, ETSY, ON, SURFU.S. stocks are higher early Monday, rising as U.S. vaccine distribution kicks off. The early-week upturn punctuates successful tests of major support for the S&P 500 and Nasdaq Composite — the S&P 3,646 and Nasdaq 12,244 areas.
9:02 a.m. Nov. 10, 2020 - By Michael Ashbaugh
Charting market rotation: S&P 500, Dow industrials challenge record highs Sector participation broadens amid market rotation, XLI, XLB, XLF, KRE, IYT, JETS, QQQTechnically speaking, the major U.S. benchmarks are off to a strong November start, rising amid expanding sector participation, writes Michael Ashbaugh.
8:22 a.m. Nov. 10, 2020 - By Michael Ashbaugh
Charting market rotation: S&P 500, Dow industrials challenge record highs Sector participation broadens amid market rotation, XLI, XLB, XLF, KRE, IYT, JETS, QQQTechnically speaking, the major U.S. benchmarks are off to a strong November start, rising amid bullish longer-term trends. Against this backdrop, the S&P 500 and Dow industrials have extended aggressive rally attempts — briefly tagging record highs to start this week — amid market rotation and expanding sector participation.
8:59 a.m. Oct. 27, 2020 - By Michael Ashbaugh
Charting market cross currents, S&P 500 violates the breakout point Focus: Retail sector tests key support, Regional banks’ breakout attempt, XRT, KRE, LOGI, DDOG, XRAY, EXPETechnically speaking, a previously tame October pullback has accelerated, inflicting damage in spots, writes Michael Ashbaugh.
8:29 a.m. Oct. 27, 2020 - By Michael Ashbaugh
Charting market cross currents, S&P 500 violates the breakout point Focus: Retail sector tests key support, Regional banks’ breakout attempt, XRT, KRE, LOGI, DDOG, XRAY, EXPETechnically speaking, a previously tame October pullback accelerated to start this week, inflicting damage in spots. Against this backdrop, the S&P 500 and Nasdaq Composite remain relatively resilient, though key technical tests are in play, and the bigger-picture technicals are not one-size-fits-all.
8:02 a.m. Oct. 26, 2020 - By Michael Ashbaugh
Market bears resurface, S&P 500 ventures under 50-day average Focus: Regional banks reclaim 200-day average, KRE, TWLO, JBLU, GES, GMEU.S. stocks are firmly lower early Monday, pressured amid heightened virus worries and in sympathy with respectable selling pressure across Europe. Against this backdrop, the S&P 500 has ventured under major support (3,428) — as well as its 50-day moving average, currently 3,408 — levels defining key bull-bear technical tests.
8:42 p.m. Oct. 8, 2020 - Associated Press
Asian stocks track Wall Street gains seen hinging on stimulus hopes Trump said in a TV interview that ‘very productive’ talks had begun on more stimulusAsian stock markets followed Wall Street higher on Friday on hopes Washington will provide more aid to the struggling U.S. economy.
12:12 p.m. Sept. 28, 2020 - By Mark DeCambre
Dow books roughly 410-point gain to start the week, boosted by energy, industrials and financialsU.S. stocks closed sharply higher Monday, starting the week on a higher note as investors bought shares of banks, energy companies, as well as materials and industrials firms. Talk of some progress toward a fresh coronavirus aid package, however unlikely to gain much traction on Washington, and bargain hunting by investors betting on happier economic times in the throes of a global viral outbreak, helped to revive some degree of the bullish sentiment. The Dow Jones Industrial Average closed up 410 points, or 1.5%, at 27,583, the S&P 500 index finished the session up 1.6% at 3,352, powered by a 2.3% gain in financials and a 2.3% in the energy sector . The Nasdaq Composite Index , meanwhile, closed 1.9% higher at 11,117, retaking a psychological perch above 11,000. All closing numbers are on a preliminary basis. Shares of Citigroup and Morgan Stanley and Wells Fargo & Co. closed up 2.9% and 3.1%, and 3.5% respectively, helping to lead the charge higher for the economically sensitive banking sector, underscoring some bets for an improved economy by investors and efforts by investors to find value in beaten down sectors that have not enjoyed the run-up in stocks to the same degree as the highflying technology-related and work-from-home shares. Investors are also focused on the looming 2020 presidential election, with a debate between President Donald Trump and former Vice President Joe Biden set for Tuesday, which could also influence investment behavior in the short term. Last week, stocks took a hit amid rising concerns of a renewed spread of the novel strain of coronavirus that causes COVID-19. Markets got off to a strong start on Monday partly due to solid economic data out of China, which appeared to overshadow reports of fresh lockdowns and growing cases of COVID-19 in parts of Europe.
8:32 a.m. Sept. 23, 2020 - By Lina Saigol
Russia’s ‘Google’ Yandex joins super-app race with $5.5 billion offer for online bank TinkoffThe proposed deal will reshape Russia’s banking and tech sectors, and intensify competition with state-lender Sberbank.
1:56 a.m. Sept. 22, 2020 - By Pierre Briançon
Global banks hit by new corruption allegations. Why authorities are unlikely to act this timeThe allegations are based on leaked suspicious activity reports filed by banks and other financial firms with the U.S. Department of Treasury.
8:32 a.m. Aug. 27, 2020 - By Lina Saigol
A new breed of tech IPOs may give the stock market reason to party like it’s 1999 Palantir, Snowflake and Asana lead slew of companies lining up to sell stock as U.S. market reopensNasdaq leads the fastest start for global IPOs since 2007 in the second half of the year.
8:59 a.m. Aug. 21, 2020 - By Lina Saigol
Getting out of China will cost U.S. and European firms $1 trillion, says BofAAround 80% of global sectors experienced supply chain disruptions during the pandemic.
12:36 p.m. Aug. 18, 2020 - By Mark DeCambre
2-year, 10-year government bond yields hit lowest in a week as investors parse housing data and China-U.S. tensions Foreign inflows into the U.S. totaled $28.89 billion in June, compared with outflows of $36.69 billion the previous month.U.S. Treasury yields extend a slide on Tuesday amid rising animosities between China, while the S&P 500 scored a record closing high after better-than-expected corporate earnings.
8:22 a.m. Aug. 12, 2020 - By Michael Ashbaugh
Charting a second successful retest, S&P 500 maintains major support (3,328) Focus: 10-year yield’s bullish reversal, Financials and regional banks break out, TNX, XLF, KRE, FB, CARU.S. stocks are firmly higher early Wednesday, rising as rotational summer price action persists. Against this backdrop, the S&P 500 has maintained major support (3,328), rising from its second successful test over the prior three sessions.
8:37 a.m. Aug. 10, 2020 - By Lina Saigol
Bank of America is latest Wall Street firm to pledge to Beirut relief effort, with $300,000 donation Beirut’s Bourse reopened on Monday for the first time since the explosionWall Street banks are supporting the Lebanese people after last week’s massive explosion devastated Beirut.
10:27 a.m. Aug. 1, 2020 - By Philip van Doorn
5 stocks that should thrive as the digital payments trend ramps up Gert van der Geer of Pictet Asset Management focuses on 12 long-term global trendsGert van der Geer of Pictet Asset Management focuses on 12 long-term global trends.
5:25 a.m. July 27, 2020 - By Howard Gold
Wall Street turns a blind eye to atrocities committed in China Governments, including the Trump administration, have denounced ethnic cleansing in Xinjiang, yet financial firms have done littleGovernments, including the Trump Administration, have denounced ethnic cleansing in Xinjiang. Financial firms have done little.
10:24 a.m. July 21, 2020 - By Michael Brush
You should invest in big banks now for their rich dividends These stocks look cheap, and banks perform well as economies recoverThese stocks look cheap. Plus banks perform well as economies recover.
2:10 a.m. July 17, 2020 - By Ciara Linnane
Coronavirus update: Global COVID-19 cases climb to 13.6 million after record one-day tally of 230,400 new infections Bank of America and Morgan Stanley beat earnings estimates despite pandemic, while Domino’s gets boost from at-home dinersThe number of confirmed cases of the coronavirus illness COVID-19 world-wide rose to 13.6 million on Thursday, after a record of about 230,400 new infections were counted on Wednesday, according to data aggregated by Johns Hopkins University.
1:58 p.m. July 16, 2020 - By William Watts
Dow snaps 4-day winning streak as tech stocks falter, economic concerns rise Amazon on pace to snap its record 10-week winning streak U.S. stocks end lower, led by technology stocks, as investors parsed mixed corporate earnings reports and economic data in the wake of a drop in Asian markets with U.S.-China tensions a factor also.
2:08 a.m. July 15, 2020 - By Ciara Linnane
Coronavirus update: Global cases of COVID-19 climb above 13 million as California, Hong Kong and India reimpose restrictions on movement Earnings season kicks off with bank earnings showing expected boost in loan loss provisions and strong trading and investment banking resultsThe number of confirmed cases of the coronavirus illness COVID-19 climbed above 13 million on Tuesday, and the world’s eighth biggest economy, California, moved to again temporarily shut down higher-risk businesses such as bars and restaurants after a spike in hospitalizations.
11:25 a.m. July 8, 2020 - By William Watts
‘The idea sounds relatively ludicrous’...Why currency analysts don’t believe Trump administration will pursue a proposal to undermine Hong Kong dollar peg Plan runs risk of backfiring, economists sayA proposal reportedly under consideration by U.S. officials that would take aim at the Hong Kong dollar’s peg to the U.S. currency is being met with disbelief by economists and currency traders. Here’s why.
1:05 a.m. July 8, 2020 - By Barbara Kollmeyer
Trump administration could try to undermine Hong Kong dollar peg: reportThe U.S. Trump administration may seek to retaliate against China for a controversial new security law by targeting some Hong Kong banks for supporting it, according to a report from Bloomberg News on Wednesday. The report said some advisors to President Donald Trump have discussed the possiblity of undermining the Hong Kong dollar peg, possibly by curtailing the amount of U.S. dollars Hong Kong banks can buy. The report sent shares of HSBC Holdings PLC 3.8% lower in European trading as that bank was named as a one potential target. HSBC was widely criticized after its top regional executive, Peter Wong, publicly offered support for the new law, though say he was pressured to do so as he's a member of a top political advisory body to Beijing.
5:35 a.m. July 1, 2020 - By Barbara Kollmeyer
Mixed data weigh on European stocks, as well as U.S. virus worriesEuropean stocks are struggling as a batch of mixed data halted investor optimism at the start of the third quarter.
8:04 p.m. June 28, 2020 - Associated Press
Asian markets fall as coronavirus toll hits grim milestones Nikkei, Hang Seng sink following Wall Street’s losses FridayShares fell Monday in Asia, tracking losses on Wall Street as rising virus cases cause some U.S. states to backtrack on pandemic reopenings.
4:50 a.m. June 26, 2020 - By Greg Robb
Central banks need to re-think rules on risk-taking at hedge funds, insurance companies and even corporations, IMF’s market division chief says Central banks did the right thing in being aggressive, fast and large, but there are consequences for risk takingEmergency actions by central banks to shore up the financial system in the face of the coronavirus pandemic earlier this year were appropriate, but regulators will need to re-think the rules about risk-taking for hedge funds and insurance companies, often called non-banks that operate in the “shadow banking system”, the top financial regulator at the International Monetary Fund says.
12:35 p.m. June 25, 2020 - By Mark DeCambre
Dow logs a 300-point gain as banks rally ahead of stress-test results, but rise in coronavirus cases remains a worry Investors weight slight improvement in economic data and loosening of financial regulation against rising daily rate of coronavirus cases U.S. stocks closed solidly higher Thursday, recovering a chunk of Wednesday’s ugly loss, ahead of a key update of the banking sector from the Federal Reserve.
5:31 a.m. June 25, 2020 - By Greg Robb
IMF says valuations of stock and bond markets ‘appear stretched’ International agency market expert says no hard evidence of asset price bubbles at this pointThe gap between stock and bond market prices and fundamental valuations is near historic highs in many major advanced economies including the U.S., according to an International Monetary Fund report released Thursday.
6:57 a.m. June 22, 2020 - By Peter Morici
U.S. should sanction Chinese banks for repression in China If Hong Kong is no longer free, then Washington should revoke its special privileges in trade and banking The Trump administration could accomplish real results by jointly sanctioning Hong Kong and Chinese banks to punish Beijing for its repression of its people..
10:25 a.m. June 20, 2020 - By Jing Yang
Banks win right to liquidate millions in Luckin Coffee stock owned by chairman Charles Lu moves to retain control over board as accounting probe loomsBanks including Credit Suisse Group AG have won court orders to liquidate tens of millions of dollars in Luckin Coffee Inc.stock owned by embattled Chairman Charles Lu, a development that could weaken his control over the company as a crucial shareholder vote looms.
3:57 a.m. June 12, 2020 - By Steve Goldstein
One strategist sees a consolidation ahead — and here’s where he sees opportunitiesEven before Thursday’s selloff, HSBC’s Joseph Little says the market was ripe for consolidation. Here’s where he sees opportunities.
5:38 a.m. June 5, 2020 - By Chris Matthews
Trump’s protest response undermines U.S. argument against China’s Hong Kong crackdown, Democrats say The White House’s move to clear protesters Monday comes under fireThe Senate Banking Committee held a hearing Thursday on potential U.S. sanctions against Hong Kong for China’s recent approval of legislation that could undermine democratic freedoms in the region, but Democrats and expert witnesses argued a first important step is President Trump to lead by example.
6:53 a.m. June 4, 2020 - Associated Press
Hong Kong bans insults to China’s national anthem Hong Kong’s legislature approved a contentious bill Thursday that makes it illegal to insult the Chinese national anthemHong Kong’s legislature approved a contentious bill Thursday that makes it illegal to insult the Chinese national anthem.
11:09 a.m. June 2, 2020 - By Sunny Oh
China may sell Treasurys, but that doesn’t mean it’s ‘weaponizing’ its more than $1 trillion hoard of U.S. debt, says Deutsche Bank China is now the No. 2 holder of Treasurys at $1.08 trillion, down from its 2014 high of $1.32 trillionDeutsche Bank analysts say any sale of U.S. Treasurys by Beijing is likely unrelated to efforts by China to retaliate against the U.S., as tensions between the two superpowers flare.
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