May 15, 2024
Investors

The Dow struggles to recover as investors await inflation data and the Fed

Stocks struggled to regain momentum Tuesday afternoon following a morning dip, as economists predicted that Wednesday’s Consumer Price Index report would show a 3.4% annual inflation rate, up from 3.2% in February. Investors have been hoping for the Federal Reserve to cut interest rates as joblessness remains low and inflation wanes. But a potential inflation

Read More
Funds

Shanghai planning US$13.8 billion fund of funds in pursuit of ‘several world-class industry clusters’, with eye on AI, biotech and semiconductors

The fund will underpin promising start-ups in the fields of artificial intelligence, biotechnology and semiconductors, and is expected to attract more technology firms to Shanghai, the municipal government said in a statement on Friday. The local state-owned assets watchdog will be responsible for the fund’s establishment and operations. It will be the city’s largest government-backed

Read More