Mark Zuckerberg Net Worth: Wealth Tops Elon Musk as 3rd Richest

Mark Zuckerberg passed Elon Musk on Friday to become the third-richest person in the world, the first time since 2020 the arch-rival billionaires have held those positions. Musk, who ranked first on... Read more »

Mumbai overtakes Beijing to become Asia’s billionaire capital for first time

With 92 billionaires, Mumbai ranks third behind New York and London, but ahead of Beijing, and Shanghai. Tuul & Bruno Morandi | The Image Bank | Getty Images Move over, Beijing. Mumbai... Read more »

TikTok debate reveals the risks for investing in China during U.S. election year

The debate over whether Chinese-owned TikTok can operate in the U.S. is back with fervor, revealing more about the risk for Chinese stocks in a U.S. presidential election year. The committee that... Read more »

China Stocks Begin Witnessing Bull Markets in a Gamut of Sectors

A bull market has begun in some of China’s old and new economy sectors, indicating investors are seeing an upside to current valuations from President Xi Jinping’s measures to bolster the economy... Read more »

Morgan Stanley recommends buying 3 Chinese EV makers after pullback

The electric vehicle industry in China could stage a comeback after selling off this year with three standout stocks poised to deliver significant returns, according to Morgan Stanley. Analysts led by Tim... Read more »

China’s Consumer Prices Rise for First Time Since August

China’s consumer prices rose for the first time since August, breaking a contraction streak that has put growth potential in the world’s second-largest economy under pressure. The consumer price index rose 0.7%... Read more »

China’s top securities regulator to crack down on market manipulators

Wu Qing, Chairman of the China Securities Regulatory Commission, answers a question at a press conference during the second session of the 14th National People’s Congress (NPC) in Beijing on March 6,... Read more »

The best EV plays are now in China. Analysts are raising price targets

With Apple reportedly out of the electric car game and Tesla losing market share in some Chinese cities, the best EV stock plays are arguably now all based in China. The country... Read more »

Chinese tourists are fueling a recovery in Asia-Pacific’s travel industry

Outbound passengers queue up to check in at Yantai Penglai International Airport on February 9, 2023 in Yantai, Shandong Province of China.  Vcg | Visual China Group | Getty Images Asia-Pacific’s travel... Read more »

Megacap U.S. stocks are carrying the rest of the world. Here are the risks, and where to look for diversification

Megacap tech stocks aren’t just powering the U.S. stock market — they’re also holding the world together. U.S. equities now comprise 70% of the MSCI World Index, the benchmark for large- and... Read more »

BRICS to see highest surge in millionaire population over the next decade

(L to R) Brazil’s President Michel Temer, Russia’s President Vladimir Putin, China’s President Xi Jinping, South Africa’s President Jacob Zuma and India’s Prime Minister Narendra Modi pose for a group photo during... Read more »

Five Things You Need to Know to Start Your Day: Asia

Good morning. US inflation data are expected to show abating price pressures. Traders are yanking cash out of inflation-linked bonds. Bitcoin jumps to $50,000. Here’s what’s moving markets. — Isabelle Lee January... Read more »

Strategist says this is the trade to watch if China is really turning around

Mainland Chinese stocks are trying to rebound from five-year lows and it’s starting to look like Beijing is willing to take some action. At least, that’s the view of Clocktower Group’s Chief... Read more »

World Economy Latest: Slower US Inflation Is Set to Fuel Fed Cut Optimism

The pulse of US inflation likely continued to slow at the start of the year, helping to feed expectations that the Federal Reserve will find interest-rate cuts more palatable in the coming... Read more »

Record number of travelers visit city this winter

For many Chinese, Harbin conjures images of ice and steel, a city both cold and tough. But this winter, the heavily industrialized city morphed into a warmly welcoming host, drawing in a... Read more »

Five Things You Need to Know to Start Your Day: Asia

Good morning. US-listed Chinese stocks rebound. JPMorgan’s equity views diverge. Taylor Swift kicks off a tour estimated to be worth $230 million to Japan’s economy. Here’s what’s moving markets. —  Isabelle Lee Source link Read more »

Five Things You Need to Know to Start Your Day: Asia

Good morning. China tightens trading restrictions. Treasuries saw their biggest two-day sell off in months. Investors await a rate decision from Australia’s central bank. Here is what’s moving markets. — Isabelle Lee Source link Read more »

From Green Hype to Bailouts, the Nickel Industry Has Imploded

Just 18 months ago, the world’s biggest mining company was in a nickel frenzy. BHP Group, to much fanfare, had struck a deal with Tesla Inc. to supply it with the crucial... Read more »

(AS) starts trading on NYSE

Wilson products at the Paragon Sports store in the Chelsea neighborhood of New York on Jan. 4, 2024. Jeenah Moon | Bloomberg | Getty Images Amer Sports, the Finnish athletic company behind... Read more »