Scenes from the April jobs report: The Fed just can’t kill the jobs beast
– by a New Deal Democrat Record job growth in April defies the Fed’s efforts There is no economic news this morning, so let’s take a closer look at some…
China Stocks Rally Covid, Powell; Dollar Slides: An Overview of the Markets
(Bloomberg) — Stocks extended gains in Asia after China appeared to soften its stance on Covid and Federal Reserve Chairman Jerome Powell signaled a slowdown in the pace of interest…
Alibaba, Tencent lead Hong Kong tech shares higher after upbeat data on online retail sales in China
Shares of Chinese internet giants jumped in Hong Kong after official data showed better-than-expected October retail sales in the world’s second-largest economy. Alibaba Tencent online retail sales China Alibaba Group…
‘Psychology changed so quickly’: Why stock market declines could be tested again as S&P 500 enters weakest stretch of year
As the summer draws to a close, the US stock market is poised for a potentially volatile decline. “Recession fears are the most likely reason for a retest of the…