I have said over and over again that September is the cruelest month and it's playing out that way. Here's how I see it and how to position now.
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Noelle Acheson, Head of Market Insights at Genesis Trading, discusses why Cryptocurrnecies tumbled on Monday.
Derek Scissors American Enterprise Institute Senior Fellow joins Yahoo Finance to discuss what's next for the markets as the Evergrande crisis continues to develop.
Monday's sharp downturn in stocks precipitated partly by the highly leveraged Evergrande in China isn't the only problem buffeting markets on Monday.
Shares of the Chinese tech giant pulled back in response to a potential default by Evergrande Group.
(Bloomberg) -- Visitors to Byton Ltd.’s website are greeted with color-saturated images of shiny electric cars gliding along manicured streets. Those paying a visit to the automaker’s factory in Nanjing, eastern China may be less impressed. The plant is modern and huge, gleaming under the hot summer sun. But there’s total silence. Production has been suspended since the pandemic began and there’s no one around except for a lone security guard.Most Read from BloombergThe Global Housing Market Is
The S&P 500 had its worst day in months Monday, tumbling 1.7% on fears that property giant China Evergrande Group ‘s (ticker: 3333.Hong Kong) troubles may spill over into other markets. Friday, the S&P 500 fell below its 50-day moving average, a technical indicator that shows investors are losing confidence in the market outlook. The S&P 500 is 3.9% below its all-time high as of Monday’s close, at its lowest level since mid-June.
(Bloomberg) -- China Evergrande Group slid deeper in equity and credit markets Tuesday, fueling concerns about broader contagion after S&P Global Ratings said the developer is on the brink of default.Most Read from BloombergThe Global Housing Market Is Broken, and It’s Dividing Entire CountriesMerkel’s Legacy Comes to Life on Berlin’s ‘Arab Street’Is There Room for E-Scooters in New York City?Istanbul Turns Taps on Old Fountains, Joining Global Push for Free DrinksAmazon, Microsoft Swoop In on $
Monday put investors in lithium and rare earth metal stocks on the edge. While Standard Lithium (NYSEMKT: SLI) and Lithium Americas (NYSE: LAC) sank 10.7% and 13.3%, respectively, by 2:30 p.m. EDT, rare earth stock MP Materials (NYSE: MP) was down 8.5% by then. With concerning news from China and an electric-vehicle (EV) manufacturer slashing its outlook on supply shortages hitting electric-vehicle stocks hard, lithium and rare earth stocks were bound to feel the heat.
(Bloomberg) -- A global rout in stock markets sparked by concerns over China Evergrande Group hit the world’s biggest fortunes Monday, with the richest 500 people losing a combined $135 billion.Most Read from BloombergThe Global Housing Market Is Broken, and It’s Dividing Entire CountriesMerkel’s Legacy Comes to Life on Berlin’s ‘Arab Street’Is There Room for E-Scooters in New York City?Istanbul Turns Taps on Old Fountains, Joining Global Push for Free DrinksAmazon, Microsoft Swoop In on $24 Bil
Fear contagion from the Evergrande crisis, warns Goldman Sachs.
What happened? Mounting concerns of a potential financial crisis in China drove investors to reduce risk on Monday. Here's how some of the largest and most popular tech stocks fared today: Apple (NASDAQ: AAPL), down 2.
China Evergrande Group is confident the company will "walk out of its darkest moment", the debt-laden property developer's chairman said in a letter to staff on Tuesday, as nervous global investors fretted about default risks. In the letter that coincided with China's mid-autumn festival, Hui Ka Yuan, expressed appreciation for the hard work of employees and said Evergrande will deliver property projects as pledged, fulfil responsibilities to property buyers, investors, partners and financial institutions.
Citron Research founder Andrew Left feels a modicum of vindication on Monday, as China's Evergrande looked to be on the brink of collapse, sending shock waves through financial markets.
Advisors should keep an eye on credit-default swaps to gauge the risk of broader market impact from Evergrande’s debt woes. Looking at CDS for HSBC is one good proxy for estimating contagion. For investors, the weather has turned ominous.
A double blow from China sent metal stocks tumbling, but you should wait before dumping your shares.
Evergrande, a Chinese property giant, is on the brink of default. Here's what investors need to know.
Bitcoin and other cryptocurrencies were tumbling on Monday as one of China's largest property developers teetered on collapse. Here's how it could spill over into cryptos.
How do your retirement savings compare to savings by other people in your age group? Are you keeping up with the proverbial Jones?
EV stocks have witnessed quite a decent amount of interest from investors over the past few years. Several factors contributed to the surging investor enthusiasm for these stocks. Among the top contributors to investors' appetite for EV stocks has been the incredible growth seen with incumbents such as Tesla (TSLA), as well as the recently bullish political landscape for electric vehicles spurred by President Biden's American Jobs Plan. Of course, this narrative remains strong for growth investo