hong kong CNN — Semiconductor giant TSMC was feted this week by US President Joe Biden and Apple CEO Tim Cook at a ceremony to unveil its $40 billion manufacturing site in Arizona – a huge investment designed to help secure America’s supply of the most advanced chips. But back in Taiwan, there is deep …
As the world woos TSMC, Taiwan fears losing its ‘silicon shield’ | CNN Business Read More »
hong kong CNN — Semiconductor giant TSMC was feted this week by US President Joe Biden and Apple CEO Tim Cook at a ceremony to unveil its $40 billion manufacturing site in Arizona – a huge investment designed to help secure America’s supply of the most advanced chips. But back in Taiwan, there is deep …
As the world woos TSMC, Taiwan fears losing its ‘silicon shield’ | CNN Business Read More »
China’s exports and imports fall more than expected China’s dollar-denominated exports fell 8.7% in November on an annualized basis, down more than expected from a 3.5% drop, analysts said in a Reuters poll. U.S. dollar imports also fell 10.6% for the month from a year ago, beating the drop of 6% expected in a separate …
China expects further drop in exports and imports China’s trade data for November is expected to show a further decline in both exports and imports, according to a Reuters poll of economists. Exports are expected to fall 3.5% in November on an annualized basis after falling 0.3% in October, and imports are expected to fall …
Asian markets trade mixed amid recession fears; China to release trade data Read More »
Non-farm payrolls increase by 263,000 in November Unemployment rate stable at 3.7%; turnout drops The average hourly wage increases by 0.6%; up 5.1% year-on-year WASHINGTON, Dec 2 (Reuters) – U.S. employers hired more workers than expected in November and raised wages, ignoring growing fears of a recession, but that is unlikely to stop the Federal …
US labor market shrugs off recession fears; keeps the Fed on a tightening path Read More »
Editor’s note: Freddie Mac, which has tracked weekly average mortgage rates since 1971 and has periodically made changes to its primary mortgage market survey, changed the source of its data effective November 17, 2022. Instead of surveying lenders, weekly results will be based on applications received from lenders that are submitted to Freddie Mac. Learn …
Mortgage rates drop for third straight week as inflation fears ease | CNN Business Read More »
The new year is fast approaching and one idea for where to invest is the banking sector, whose margins benefit from high interest rates, at undemanding valuations. This statement may surprise those who think that the US banking industry has about $2.2 trillion in capital. But it reduces that figure in several ways. First, he …
The period between now and the end of the year marks a historically bullish home stretch of the year for US equities, especially just before and after Christmas. The question for investors is whether favorable seasonal factors will be offset by economic fundamentals. The momentum for a year-end run in equities only seems to be …
End of year gathering? Stock market uptrend set to come up against stagflation fears Read More »
(Bloomberg) – U.S. stock futures fell as China may tighten Covid restrictions after a string of reported deaths as investors seek refuge in the dollar. Bloomberg’s Most Read The S&P 500 and Nasdaq 100 contracts both fell at least 0.3%. Chinese stocks fell in U.S. premarket trading as traders weighed whether China’s reopening could face …
US futures slide on Covid fears in China; Earnings in Dollars: Market Recap Read More »
Hong Kong movers: Reopening and tech stocks fall as China reports Covid-related deaths Japanese trading houses rise as Berkshire Hathaway reportedly increases stake Shares of some Japanese trading houses rose at the start of the Asian session, despite declines in markets in the region, after billionaire Warren Buffett’s Berkshire Hathaway increased its stake in the …
Hong Kong shares fall 2% on Covid fears; China keeps interest rates unchanged Read More »
