Gold has outperformed the broader U.S. stock market this year, and Wall Street is turning more bullish on the precious metal as the Federal Reserve gets closer to rate cuts. Bullion has jumped about 21% in 2024, while the S&P 500 has climbed 16%. On Friday, gold shot up as much as 2.2% to a
A drone photo taken on Feb. 1, 2024 shows people working at an auto parts factory in Liuyang City, central China’s Hunan Province. (Xinhua/Chen Zeguo) BEIJING, May 17 (Xinhua) — China’s fixed-asset investment has maintained steady growth in the first four months of 2024, buoyed by government policies designed to expand effective investment. Fixed-asset investment
This aerial drone photo taken on July 10, 2024 shows the construction site of the Zhongning converter station in northwest China’s Ningxia Hui Autonomous Region. (Xinhua/Wang Peng) BEIJING, July 15 (Xinhua) — China’s fixed-asset investment continued stable growth in the first half of 2024, with high-tech sectors witnessing a robust capital influx, data from the
China has emerged as the world’s top producer of generative AI patents, but it is struggling to turn many of its ideas into action thanks to US export controls and longstanding struggles with its innovation culture at home. In July, the UN’s intellectual property agency reported that China had filed more than 38,000 generative AI
Illustration: Binay Sinha 2 min read Last Updated : Aug 08 2024 | 10:03 AM IST Amidst global economic uncertainty, India’s equity and fixed income markets are displaying cautious optimism. India’s 10-year bond yields rallied by more than 10 bps over July 2024 and US 10-year yields are down by more than 35 bps.
Investors may want to consider bonds to help navigate the market’s recent volatility. Joanna Gallegos, BondBloxx co-founder and CEO, recommends prioritizing income and high-yield bonds. “It can be really important to start looking at fixed income as you start to diversify and manage more risk,” she told CNBC’s “ETF Edge” on Monday. Gallegos also suggests
NEW YORK (AP) — A scary Monday that started with a plunge abroad reminiscent of 1987 ’s crash swept around the world and pummeled Wall Street with more steep losses, as fears worsened about a slowing U.S. economy. The S&P 500 dropped 3% for its worst day in nearly two years. The Dow Jones Industrial