Bitcoin drops nearly 7% toward $60,000 as major cryptocurrencies plunge

Bitcoin and other cryptocurrencies including ethereum fell sharply on Tuesday retreating from near-record highs. Bitcoin fell toward $60,000 during late morning trade Singapore time, according to CoinDesk data. Bitcoin and other cryptocurrencies fell sharply on Tuesday retreating from near-record highs. Bitcoin fell toward $60,000 during late morning trade Singapore time, according to CoinDesk data. It […]

Asia-Pacific stocks mixed; data shows China's October exports growth beating estimates

Asia-Pacific stocks were mixed in Monday morning trade. Official data released over the weekend showed China's exports surging 27.1% in October as compared with a year ago. That was higher than the 24.5% growth forecast by analysts in a Reuters poll. SINGAPORE — Shares in Asia-Pacific were mixed in Monday morning trade as investors react […]

Investors expect a faster pace for Fed rate hikes, CNBC survey shows

The CNBC Fed Survey indicates the Fed will announce a taper Wednesday and begin hiking rates sooner than previously forecast. Sixty percent believe inflation is a big enough concern that the Fed should halt all asset purchases now. On stocks , the survey shows a 48% chance of a 10% downside move and a 39% […]

Asia-Pacific stocks mixed; investors monitor Apple supplier stocks following revenue miss

Asia-Pacific stocks were mixed in Friday morning trade. Apple reported revenue that fell short of Wall Street expectations in its fiscal fourth quarter. CEO Tim Cook said there were larger-than-expected supply constraints on iPhones, iPads and Macs. SINGAPORE — Shares in Asia-Pacific were mixed as investors monitor stocks of Apple suppliers after the tech giant's […]

Asia-Pacific stocks mixed after Dow sails to record high

Shares in Asia-Pacific were mixed in Thursday morning trade. The Dow Jones Industrial Average gained 152.03 points overnight to 35,609.34 after touching an all-time high earlier in the session. Investors also watched for movements in bitcoin after the cryptocurrency recently touched a fresh all-time high. SINGAPORE — Shares in Asia-Pacific were mixed in Thursday morning […]

Asia-Pacific stocks climb following Wall Street rally

Shares in Asia-Pacific rose in Friday morning trade. The S&P 500 surged nearly 2% overnight on Wall Street as investors cheered better-than-expected earnings reports from major firms such as Bank of America. Hong Kong stocks are set to return to trade on Friday after markets in the city were closed for two days. SINGAPORE — […]

Fed says it could begin 'gradual tapering process' by mid-November

 The Federal Reserve could begin reducing the pace of its monthly asset purchases by as soon as mid-November, according to minutes from the September meeting, The summary, released Wednesday, indicated the tapering process could see a monthly reduction of $10 billion in Treasurys and $5 billion in mortgage-backed securities. Officials at the meeting expressed concern […]

Asia-Pacific stocks slip; South Korea's markets closed for holiday

Shares in Asia-Pacific slipped in Monday morning trade. Investors watched for market reaction to Friday's big miss in U.S. jobs data. Markets in South Korea are closed on Monday for a holiday. SINGAPORE — Shares in Asia-Pacific slipped in Monday morning trade as investors watched for market reaction to Friday's big miss in U.S. jobs […]

Stocks making the biggest moves premarket: Conagra, Tilray, Levi, Twitter and more

Check out the companies making headlines before the bell: Conagra Brands (CAG) – The company behind food brands like Healthy Choice, Hunt's and Hebrew National earned an adjusted 50 cents per share for its latest quarter, 1 cent above estimates, while revenue also came in ahead of Wall Street forecasts. Conagra also said it expects […]