World’s largest hedge funds record bumper year of profits, research shows
The world’s top hedge funds raked in record profits last year amid a resurgence in stock markets, new analysis showed Monday.
CNBC Daily Open: Markets’ upbeat sentiment
The market rally could be driven in part by rising investor optimism that the U.S. economy could manage a soft landing,
China is weighing measures to prop up its stock markets, could reportedly mobilize $278 billion
China is weighing a rescue package backed by offshore money to stave off a slump in its struggling stock markets, according to Bloomberg News.
Bank of Japan retains its ultra-loose policy, says 2% inflation target is in sight
All economists surveyed by Reuters expected the Bank of Japan to maintain its negative rate policy this month — making the BOJ the world’s only central bank with negative rates.
ADM shares plunge 24% in worst day since 1929 as CFO is placed on leave
Shares of Archer-Daniels-Midland plunged 24% on Monday, its biggest one-day drop since 1929.
CNBC Daily Open: Markets upbeat mood
The market rally could be driven in part by rising investor optimism that the U.S. economy could manage a soft landing,
Tencent’s Riot Games division cuts 11% of staff to ‘create focus’
Riot said it’s cutting headcount for Legends of Runeterra and giving up on an initiative to publish games from indie developers.
A helicopter trip to a Coldplay concert lands a world leader in trouble
Philippine President Ferdinand Marcos Jr. and his wife took an official chopper to the event after the band’s fans created “unforeseen traffic complications,” his security detail said.
Nikkei 225 index opens higher as investors expect Bank of Japan to keep its policy unchanged
The Bank of Japan is expected to hold its negative interest rate policy and yield curve control at this meeting.
Hong Kong stocks jump 3% after report on more China stimulus; Bank of Japan keeps policy unchanged
The Bank of Japan is expected to hold its negative interest rate policy and yield curve control at this meeting.
