A bullish move may be ahead for both value and growth in the year's second half.VettaFi's Todd Rosenbluth thinks value stocks, which have been market laggards, could get a lift from one of the biggest Wall Street events of the year: the FTSE Russell's annual rebalancing."It's worth paying attention to...
Category: Finance
The yuan’s status as a global currency might be gaining ground. But top CEOs see more hurdles to clear
A bank employee count Chinaโs renminbi (RMB) or yuan notes next to U.S. dollar notes at a Kasikornbank in Bangkok, Thailand, January 26, 2023.Athit Perawongmetha | ReutersDALIAN, China โ For China's yuan to be used more globally, the currency needs more "applications" such as for stocks and bonds, Bonnie Chan,...
The stock market is in its longest stretch without a 2% sell-off since the financial crisis
Traders work on the floor of the New York Stock Exchange during morning trading on Jan. 11, 2024.Angela Weiss | Afp | Getty ImagesWall Street's climb to record highs has come with conspicuously little volatility.The S&P 500 has gone 377 days without a 2.05% sell-off. That's the longest stretch for...
Regulators hit Citigroup, JPMorgan Chase, Goldman Sachs and Bank of America over living will plans
Jane Fraser, CEO of Citigroup, testifies during the Senate Banking, Housing, and Urban Affairs Committee hearing titled Annual Oversight of the Nations Largest Banks, in Hart Building on Thursday, September 22, 2022. Tom Williams | CQ-Roll Call, Inc. | Getty ImagesBanking regulators on Friday disclosed that they found weaknesses in the...
Fitch pushes back China rate cut expectations to next year as Fed holds interest rates steady
People walk past the headquarters of the People's Bank of China (PBOC), the central bank, in Beijing, China September 28, 2018. Jason Lee | ReutersBEIJING โ Ratings agency Fitch no longer expects China to cut its policy rate this year, and has pushed back its expectations for a reduction to next...