Biotech-Heavy ‘Nasdaq of Japan’ Is Asia’s Best-Performing Index

Japan’s Mothers Index recovered to the 1,000 point milestone for the first time since December 2018 as the coronavirus pandemic became an unexpected tailwind for the startup board. The index is up 27% in the past month, the most of any equity gauge in Asia. A surge in shares of AnGes Inc. on the back […]

Give Trump credit for his realistic approach to an untrustworthy China

Trump: China’s actions against Hong Kong are a ‘tragedy’ President Trump vows he will protect America’s financial security from China and says Hong Kong has been mistreated by the Chinese government. Friday, May 29, marks an important milestone in the reform and reorientation of America’s long-standing policy towards China. Continue Reading Below Prefacing the Rose Garden […]

24 Hour Fitness Prepares for Bankruptcy While Gyms Start to Open

Gym owner 24 Hour Fitness Worldwide Inc. is preparing for a potential bankruptcy to cut its debt as it re-opens locations across the country with precautions in place for social distancing. The operator of more than 430 mid-tier gyms is in talks with investors over the terms of a loan that would keep the company […]

Stocks fight for gains amid signs America is returning to work

New York Stock Exchange enters new era of trading; Warner Music looking to raise money for IPO Fox Business Briefs: New York Stock Exchange reopens trading floor two months after the COVID-19 pandemic forced it to close; Warner Music looking to raise $1.8 billion in its IPO on the Nasdaq Stock Exchange. U.S. equity markets […]

U.S. Durable Goods Orders Fall Sharply for Second Straight Month

U.S. orders for durable goods sank sharply for a second month in April as the coronavirus pandemic wreaked havoc on the manufacturing industry. Bookings for goods meant to last at least three years decreased 17.2%, the most since August 2014, after a revised 16.6% decline in March, Commerce Department data showed Thursday. The median projection […]

With M&A Dead, Wall Street Bankers Keep Busy With Stock Sales

Wall Street bankers are a lot less busy these days, what with the pandemic-induced drop-off in mergers and acquisitions and initial public offerings. But there’s a gritty, less glamorous dealmaking realm that has held up, and it’s helping banks offset some of that lost M&A and IPO revenue. A variety of companies, looking for liquidity […]

Gold Futures Settle Modestly Lower

Gold futures settled on a negative note on Wednesday, despite staging a smart rally from lower levels towards the later part of the session. Rising tensions between the U.S. and China over Beijing’s security laws for Hong Kong triggered buying in the safe-haven asset and limited its losses. Tensions between the U.S. and China have […]

Why Jeffrey Sachs is 'pessimistic' about economic recovery

New York (CNN Business)The stock market has soared since mid-March. It’s almost as if investors have forgotten that Covid-19 will continue to cripple the global economy and corporate earnings for the foreseeable future. But it’s a different story in the bond market. Long-term Treasury yields remain well below 1%, a sign that fixed income investors […]

CME trading floor's coronavirus shutdown to last at least 3 more weeks

NYSE trading floor reopening after coronavirus closure The NYSE is reopening with safety guidelines in place after the coronavirus pandemic forced it to close. FOX Business’ Jackie DeAngelis with more. The New York Stock Exchange reopened its trading floor on Tuesday, but Chicago’s legendary trading pits will remain closed for at least the next several […]

Stocks soar as NYSE trading floor reopens from coronavirus shutdown

NYSE trading floor reopening after coronavirus closure The NYSE is reopening with safety guidelines in place after the coronavirus pandemic forced it to close. FOX Business’ Jackie DeAngelis with more. U.S. equity markets surged to their best levels in months as states continued to reopen and traders returned to the New York Stock Exchange for […]