The year 2024 marked a historic milestone as the Dow Jones, Nasdaq, and S&P 500 all reached new record highs, fueled by the surge in artificial intelligence and significant shifts in the economic and political landscape.
Stocks are skipping the ‘Santa Claus rally’ again this year. That doesn’t bode well for January.
Santa Claus is leaving investors in the lurch once again in 2024 as U.S. stocks have struggled during the typically bullish home stretch of the year.
Is the stock market open on New Year’s Eve and New Year’s Day? Does the post office deliver mail?
As we look ahead to 2025, be prepared for holiday schedule changes
Tesla to fix software for 77,650 China-made vehicles, says market regulator
Tesla will fix software in 77,650 China-made Model 3 and Model Y cars over safety hazards, China's market regulator said on Tuesday. The action, due to software issues that may fail to display the monitored tyre pressure immediately after the vehicle starts, is described as a product recall under Chinese regulations, the regulator said. It was not immediately clear if drivers might need, or would be eligible, to return vehicles to Tesla for refunds.
XRP Volumes Zoom Ahead of Bitcoin, Dogecoin in South Korea. What’s Next?
South Korean markets tend to prefer XRP over larger assets such as bitcoin and ether, and a volume bump tends to precede price anomalies on local exchanges.
China's new forex rules require banks to tighten scrutiny on cryptocurrency trades
China's foreign exchange regulator released new rules that require banks to flag risky trades, including those involving cryptocurrencies, which would make it more difficult for mainland investors to buy and sell bitcoin and other digital assets. Banks are expected to monitor and report "risky foreign exchange trading behaviours", including underground banks, cross-border gambling and illegal cross-border financial activities involving cryptocurrencies, according to last week's announcement by t
A better year expected for IPO bankers as Hong Kong claws its way back into top 10 markets
After a satisfying year for investment bankers in Hong Kong, who helped lift the city back into the top 10 ranking in initial public offerings (IPOs) worldwide, the new year could be merrier as Hong Kong Exchanges and Clearing (HKEX) prepares for more market debutants. Companies and investors raised US$11 billion from 64 first-time stock offerings on the main board, according to data compiled by the London Stock Exchange Group, making it the fifth busiest IPO venue. India's two main exchanges an