Liu Jianguo, a 47-year-old teacher in the second-tier city of Guiyang, considers himself lucky. He lives in a sliver of China where the property market isn’t withering. “I have friends in the big cities,” he said. “They are aware they’re in a bad place for buying or selling real estate.” New home prices in China’s
The number of shorted shares has grown 23% since the end of 2020, but that doesn’t mean traders are getting more bearish about the market. Thanks to an array of initial public offerings and stock splits, the total number of stock shares has ballooned since the end of 2020—which means the relative short interest has
Warren Buffett, so the legend goes, reads some 500 pages a day. While you might not make it quite that far over the festive break, we hope you get a bit of time to catch up on your favourite titles. Here, Financial News runs through some of the best books we’ve read this year. Isn’t private
Coinbase Global and MicroStrategy were leading a raft of cryptocurrency-related stocks higher on Wednesday. The companies were among those being boosted by Bitcoin’s rally and MicroStrategy pouring more money into the asset. Coinbase shares were up 6.1% at $182.53. The cryptocurrency exchange is trading at its highest levels since early 2022 and has outpaced the
Bitcoin and other cryptocurrencies were mixed Wednesday as traders took stock of the recent rally, and appeared to be waiting for more catalysts ahead of expected regulatory approval of exchange-traded funds that hold Bitcoin. Bitcoin has traded up 0.4% over the last 24 hours to $42,726. The largest cryptocurrency has largely traded in a range
Published: Dec. 26, 2023 at 6:11 p.m. ET By Ben Glickman Life Time Group Holdings and Robert Houghton, the company’s finance chief, have agreed that he would resign. The Chanhassen, Minn.-based company said in a regulatory filing Tuesday that Senior Vice President and Controller Erik Weaver would take on the additional position of interim finance
Published: Dec. 23, 2023 at 3:15 p.m. ET Don’t miss these top money and investing features: INVESTING NEWS & TRENDS ‘The switch was flipped’: ETF flows pick up as stocks, bonds head for 2023 gains U.S. stocks and bonds are up in 2023, in a big rebound from a brutal 2022. Read More Star stockpickers
Published: Dec. 21, 2023 at 5:23 p.m. ET Shares of Federal Realty Investment Trust FRT rallied 1.17% to $104.45 Thursday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX rising 1.03% to 4,746.75 and the Dow Jones Industrial Average DJIA rising 0.87% to 37,404.35.
Published: Dec. 20, 2023 at 7:29 p.m. ET Micron Technology Inc.’s return to revenue growth last quarter as it recovers from the memory-chip downturn was in part due to the boom in AI-related chips, putting more of a spotlight on the chip maker as another potential AI investment. On Wednesday, Micron’s fiscal first-quarter results topped
Opinion: ‘All systems go’ for investors as stocks power 2023’s gains into 2024
The stock market, as measured by the S&P 500 Index SPX, has continued to move higher over the past week — ignoring the one big down day (70 points) and putting that in the rearview mirror. SPX has made new 2023 highs, and the all-time highs just above 4800 are within shouting distance. It seems