The scandal surrounding Husi, which is owned by OSI Group of Aurora, Illinois, has alarmed Chinese diners.» Read More
Asian stocks dipped Friday as investors grew cautious before a key U.S. jobs report, while the Australian dollar got only a brief lift despite signals from the central bank that interest rates could rise over time.
The hope is that we will see some back to school lift, but Labor Day is the latest possible date this year. There are a lot of tax-free holidays in August, particularly in the South, that may help.
Global stocks were mostly higher Thursday ahead of central bank decisions out of Europe and the UK. Experts tell CNBC now may be best to take profits in China and that investors should not expect a technology boom any time soon.
Stocks in Shanghai dropped as much as 3% Thursday, weighed by speculation China may take more steps to rein in liquidity, slashing the Australian dollar's gains, while copper slid from 10-month highs after disappointing U.S. services data.
The big foreign policy news overnight is that the other Clinton (Bill) had foreign policy success for the Obama administration. After meeting with the supreme leader Kim Jong-Il, our former President brought home the two reporters who were being held in North Korea.
Asian markets took a tumble late in the session Wednesday, as selling accelerated causing stocks to slump. Japan closed down over 1% after trading flat for most of the session.
Asian stocks climbed to an 11-month high Tuesday on hopes a V-shaped recovery may be forming in the United States, while the Australian dollar hit its highest since late September after solid housing and retail sales data.
Stocks rallied Monday after a pair of encouraging reports on the manufacturing sector, strong bank earnings out of Europe and news that auto sales got a boost from the "Cash for Clunkers" program. All three major indexes were up about 1 percent and the S&P 500 was hovering around the 1,000 mark, the first time it's reached that level intraday since Nov. 5. Read and listen to what the experts had to say…
The Chinese market is likely to fall 25 percent, taking U.S. stocks with it, with the S&P 500 possibly falling below 800, Robin Griffiths, technical strategist at Cazenove Capital, said Monday. But then U.S. indexes will rise again for a substantial amount of time, with the Dow estimated to rise to 1,250, he added.
The United States, Europe and Japan still face the possibility of a double-dip recession and at the very least will experience below-potential economic growth for the next couple of years, economist Nouriel Roubini told CNBC Monday.
Asian markets inched up to an 11-month high Monday on mounting evidence that the global economic recovery is picking up speed, giving a boost to oil and copper prices while hurting the safe-haven U.S. dollar.
Cramer offers his card of choice. Plus, get calls on the casinos, banks and fast food.
Warren Buffett's bet on a Chinese electric car company is generating sparks. Bloomberg notes that Berkshire Hathaway's stake of almost 10 percent in BYD has soared in value by about $1 billion since it was first announced last fall. The purchase was completed today at the September price after the China Securities Regulatory Commission gave its approval for the deal
Ah, we're back to the Good Old Days...of last week. Stock futures have been higher all night...the dollar is down after a two-day rally, the Shanghai Composite Index has rallied 1.7 percent after dropping 5 percent yesterday after the People's Bank of China assured investors that they would keep a relatively loose monetary policy, commodities are rallying...initial jobless claims were about inline with expectations.
The US isn’t number one anymore. Now, it’s the Middle Kingdom that holds sway over the market.
The US and China held their Strategic Economic Dialogue talks in Washington, DC this week. The biggest loser will be US manufacturers as the Obama administration has deemed the funding needs of the United States outweigh the needs of the companies competing against the Chinese in the global marketplace. In essence, the US is saying that their funding needs outweigh the needs of creating jobs for the American worker.
What happened to China? The Shanghai Composite closed down 5 percent, it's biggest one day drop this year; at one point it was down 8 percent intraday.
As the US and China attempt to forge new ties, how should you trade a relationship likely to shape the 21st century?
The conspiracy theorists are out in force today: lots of "I told you so!" going on today as traders point to a front page story in the WSJ which says that the Commodity Futures Trading Commission (CFTC) will issue a report blaming wild swings in oil prices on speculators.
The Taiwanese employer of a young Chinese man who killed himself after being interrogated over a missing iPhone prototype has agreed to pay compensation to his family, a company official said Tuesday.