Hong Kong home prices drop to the lowest in nearly five years — and the worst may not be over
Prices of Hong Kong’s residential properties plunged to a near five-year low as rising interest rates and a mass exodus of expat workers drove down prices.
China’s reopening is a bigger driver for oil prices than cap on Russian crude, Singapore foreign minister says
China is the world’s largest oil importer and news of its reopening plans has swayed oil prices.
UBS says shares in this global airline are set to soar by 55%
The investment bank raised its price target after the airline said it expects to see bumper demand over Christmas.
‘A gift to investors’: BlackRock says it’s time to rethink bonds
It’s time to rethink bonds, according to the BlackRock Investment Institute, which said “the lure of fixed income is strong” right now.
China eases more Covid restrictions; reopening stocks in Hong Kong rise
Asia-Pacific shares are poised to slip on Wednesday after major U.S. indexes fell more than 1% each overnight on concerns about a recession weigh on markets.
S&P 500 notches fifth day of losses as traders consider recession odds, yields fall
The S&P 500 fell for a fifth day as traders weighed the possibility of a recession and the likelihood of a longer hiking cycle from the Federal Reserve.
MongoDB stock jumps 27% after cloud database company shows surprise adjusted profit
MongoDB provided upbeat commentary on demand even as some companies are being more cautious with spending on Salesforce and other software.
‘We don’t lay off people’: This is how Bank of America’s CEO plans to reduce employee levels
Bank of America CEO Brian Moynihan said Tuesday that he would reduce employee levels by allowing positions to go unfilled as employees voluntarily depart.
Tim Cook says Apple will use chips built in the U.S. at Arizona factory
Apple CEO Tim Cook spoke at an event in Arizona on Tuesday where he confirmed Apple will buy chips built in the U.S.
Vietnamese EV maker VinFast files to go public in the U.S.
VinFast, Vietnam’s only domestic automaker, announced plans to go public in the United States.
