On Wall Street, excitement about A.I. outweighs concern about interest rates. But rocketing stocks could make it tough for the Federal Reserve to cut rates.
Category: Stocks and Bonds
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Hong Kong Security Law Could Damage City’s Image as Financial Hub
Some firms have already moved staff out of the city since the Chinese government took a heavier hand in 2020.
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Email ‘Mistake’ on Inflation Data Prompts Questions on What Is Shared
Traders are closely watching once-obscure economic data, prompting more scrutiny of how widely the government distributes the information.
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Japan Raises Interest Rates for First Time in 17 Years
Higher inflation and rising wages suggest that the country’s economy can grow without such aggressive stimulus from the central bank.
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Nvidia Stock Market Value Would Be Bigger Than the World Economy
A.I. fervor has rocketed the chip company’s share price upward. Our columnist asked A.I. chatbots how big Nvidia would become if it kept growing as fast as it had over the past year.
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China Sets Economic Growth Target of About 5%
Premier Li Qiang targets economic growth of about 5 percent this year as China signals readiness to borrow more for spending programs.
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China’s Country Garden Faces Winding Up Petition In Hong Kong
Country Garden was once China’s biggest developer but ran out of money. A lender is taking it to court in Hong Kong, a sign of continuing market distress.
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Macy’s Will Close 150 Stores but Expand Bloomingdale’s and Bluemercury
The retailer, under a new chief executive and facing a takeover bid, outlined a three-year strategy to achieve “sustainable, profitable growth.”