The Hong Kong Stock Exchange (HKEX) is no longer in the top three global listing venues due to stringent COVID-19 measures and Beijing’s crackdown on private enterprises; analysts believe IPOs in Hong Kong are unlikely to recover in the short term. According to a Bloomberg report on Oct. 29, initial public offerings in Hong Kong…
Hong Kong Stock Exchange Drops Out Of Top Three Global Listing Venues, Amid Beijing’s Restrictions
Twitter Followers Vote ‘Yes’ to Elon Musk Selling Off 10 Percent of His Tesla Stock
Tesla CEO Elon Musk asked his Twitter followers on Saturday if he should sell 10 percent of his company stock as he faces an upcoming large tax bill. “Much is made lately of unrealized gains being a means of tax avoidance, so I propose selling 10% of my Tesla stock,” Musk said on Twitter. “Do…
How Tuesday’s Election Results Could Impact the Stock Market Heading Into 2022
With midterm elections one year away, a handful of off-year elections this week provided investors with a potential glimpse at where America could be headed in November 2022. What Happened On Tuesday, Glenn Youngkin became the first Republican elected governor of Virginia in 12 years. Youngkin’s victory was particularly surprising given President Joe Biden won…
Inflation ‘Way Beyond’ Transitory Becoming Growing Issue for Markets, Economist Says
Inflation that is now “way beyond” what the transitory camp believes is fast becoming a growing challenge for investors as they navigate the turbulent waters of sharp wage gains, a tightening labor market, and persistent price pressures, according to Queen’s College President and economist Mohamed El-Erian. In an Oct. 11 interview on CNBC’s “Squawk Box,”…
French Watchdog Chief Calls for Ban on ‘Payment for Order Flow’ in EU Stock Market
LONDON—”Payment for order flow,” a practice critics say has fueled bouts of frenzied retail share trading on Wall Street, should be banned in the European Union, France’s stock market regulator said on Thursday. In the United States, stockbrokers have touted for business among retail customers by offering zero commission services, with payment coming from sending…
China to Start New Stock Exchange to Boost Small Business, Analysts Skeptical
A third stock market will be set up in Beijing to help small- and medium-sized companies raise capital, Chinese regime leader Xi Jinping announced Thursday. “We will continue to support the innovation and development of small- and medium-sized enterprises, deepen the reform of the New Third Board, set up a Beijing Stock Exchange to build…
Chinese Leader Announces New Stock Market to Open in Beijing
A third stock market will be set up in Beijing to help small- and medium-sized companies raise capital, Chinese regime leader Xi Jinping announced Thursday. “We will continue to support the innovation and development of small- and medium-sized enterprises, deepen the reform of the New Third Board, set up a Beijing Stock Exchange to build…
Investors Borrow Less to Buy Stocks for First Time Since Pandemic Began, an Ominous Sign
U.S. investors cut their use of leverage in July, marking the first month since the onset of the pandemic that saw a reduction in the use of margin debt to buy securities like stocks, potentially a warning sign for markets buoyed by heavy use of borrowed money. Data from the Financial Industry Regulatory Authority (FINRA)…
Lord Rothermere in Bid To Take Daily Mail Newspaper Group Private
Lord Rothermere is considering a bid to make the owner of the Daily Mail, Mail on Sunday, and Metro newspapers private in a deal worth £810 million ($1.1 billion). The newspapers are currently part of the Daily Mail and General Trust (DMGT), listed on the stock market since 1932. But if the sale of its…
As You Build Your Financial Future, Heed the Advice of Richard Thaler
Dear Readers: I’ve been promoting the tried-and-true principles of smart money management for so many years it can be hard to come up with fresh ways to share their important message: Spend less. Save more. Diversify your portfolio as you invest for your long-term goals. As old-fashioned as this advice may sound, it remains the…
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