The resulting positive wealth effect is undoubtedly boosting consumer spending, especially of retiring baby boomers, who are enjoying the windfalls in the value of their stock portfolios and homes.
On Feb. 3, 2022, Meta Platforms set a new record for the largest single-day decline in market capitalization with a loss of $232 billion after a disappointing quarterly earnings report, eclipsing ...
The Australian dollar is around its lowest level since 2020 against the US currency, continuing its move towards 61 US cents with a sharp fall over the weekend.
Tesla unveils new Model Y in China, featuring upgraded design and comfort, to regain market share from competitors ... Also read: Elon Musk's Tesla sees first sales drop since 2011 as competition ...
Yields on China's government ... The steep drop in yields comes despite a series of stimulus measures from Beijing since September, which helped stocks notch a 15% gain last year.