Markets

US-listed Chinese stocks rose Tuesday as Shanghai began lifting COVID-19 restrictions.  Alibaba and JD.com gained as China’s financial hub was getting back to work after a two-month lockdown.  Shanghai unveiled a list of 50 stimulus measures aimed a boosting growth.  Loading Something is loading. Shares of Alibaba and other US-listed Chinese companies pushed higher Tuesday… Continue reading Alibaba and other Chinese stocks get a boost after Shanghai lifts COVID-19 restrictions and officials unveil stimulus measures

Corporate executives are buying stock in their own companies at the highest pace since March 2020. Experts say the uptick in insider stock purchases could be a sign that the market sell-off has hit a bottom. Howard Schultz, who recently returned to Starbucks as CEO, bought $15 million shares. Loading Something is loading. Corporate executives… Continue reading Insider stock purchases are at the highest level in more than 2 years, potentially signaling a market bottom

MoneyGram will still add stablecoin USDC to its money-transfer services despite the Terra collapse. “We’re trying to be a bridge from the crypto world to the fiat world,” CEO Alex Holmes told Bloomberg. Meanwhile, MoneyGram wants to get involved in bitcoin transfers to El Salvador, where remittances make up 20% of GDP. Loading Something is… Continue reading MoneyGram wants to use stablecoin USDC to ‘build a bridge to crypto’ for money transfers — even after the Terra meltdown

Short-sellers have made $8.2 billion betting against Tesla this year as tech stocks tumbled, according to new data. Investors racked up $62.5 billion betting against Nasdaq 100 companies in general, Ortex research found. It’s a turnaround for short-sellers, who were burned by the surge in Tesla among others in 2020 and 2021. Loading Something is… Continue reading Tesla short sellers have made $8.2 billion betting against Elon Musk’s company this year as tech stocks crashed

Stock market rules laid out by a Wall Street legend are ringing true decades later amid the ongoing sell-off. Bob Farrell of Merill Lynch wrote these investing rules in 1998 when tech stocks dominated the market. These are his 10 stock market rules to remember as investors grapple with rising inflation and higher interest rates.… Continue reading A Wall Street legend’s 10 market rules are still relevant decades later as stocks buckle under soaring inflation and higher interest rates, Bank of America says

The SEC is trying to rein in so-called greenwashing that mislead investors about a fund’s holdings. The regulator recently offered new proposals that would tighten rules on how funds are named and boost disclosure requirements.  But the proposals still leave companies with ample room to define ESG goals for themselves, a lawyer says. Loading Something… Continue reading Tesla could get an ESG boost from the SEC’s greenwashing crackdown but funds will still have plenty of wiggle room

After falling almost 20% in the last few months, stocks have surged over the last week. Evercore strategist Julian Emanuel says there are some signs the rally will keep going. He says that if a bear market is avoided, hard-hit but highly profitable stocks will outperform. Nobody wants to be premature and say the stock… Continue reading The stock market’s plunge is ending, and investors should buy these 15 stocks that will outperform in the rally that follows, Evercore ISI says.

Michael Burry predicted a consumer recession and more pressure on company profits. People are saving less, borrowing more, and have spent what they saved during the pandemic, he said. “The Big Short” investor expects those trends to weigh on consumer spending and corporate results. Loading Something is loading. Americans are saving less, borrowing more, and… Continue reading ‘Big Short’ investor Michael Burry predicts a consumer recession — and warns companies face more woe