China is furious and global markets are in an uproar as the daughter of one of the country’s richest men languishes in a Canadian jail

Jeff Vinnick/Getty Images China is furious, the markets are beside themselves, and after a pretty ordinary performance by her lawyers on the second day of a bail hearing, the daughter of one of China’s richest men is waiting in a Canadian jail for what might be a long time. Here’s the latest in the arrest […]

Trading in US stock futures had to be halted after violent moves, and markets are spooked

Drew Angerer/Getty Images An unusual move in US equity market futures this morning triggered a market intervention by CME Group, the world’s biggest futures exchange. CME had to halt trading for brief periods “to enter the market preventing even harder moves”. Traders are unsure what caused the move, which has left an extra bout of […]

Bond markets are sending an economic warning signal — here’s when the next US recession may hit

The spread between US 2-year and 10-year bond yields – a key indicator of recessions – fell sharply to its lowest level in 11 years this week. Deutsche Bank says the risk of a recession is “very low” over the next 12 months, but rises significantly to 80% over a three-year time frame. However, the […]

Trump’s trade tweets not only threatened Asian markets this week but invited China to come save the day with a surprising and unorthodox message of trust

SAUL LOEB/AFP/Getty Images China’s reticent Ministry of Commerce (MOFCOM) intervened in declining Asian markets Wednesday, with a surprise message of trust, during the increasingly opaque trade war truce supposedly delivered at the G20 leaders summit in Argentina. That stands in pretty stark contrast to the volley of Tuesday tweets from President Donald Trump that smacked […]

Tech’s biggest CEOs and founders lost $61 billion during the stock market’s plunge in October — here’s who got hit hard (FB, AMZN, AAPL, NFLX, GOOG, BIDU, BABA)

Photo by Drew Angerer/Getty Images October was a rough month for billionaires in the tech sector, who saw their net worth plummet as stocks took a hammering.  According to Bloomberg data, the CEOs and founders of the most popular tech companies “FAANG+BAT” lost $ 61 billion in October. The tech-heavy Nasdaq index plunged 9.2%, posting its worst […]

One of the Market’s Least Expensive EVs Is Due for a Range Bump

Happen across a Hyundai Ioniq in your daily travels, and it’ll almost inevitably be a hybrid or plug-in hybrid model, not the fully electric variant. That’s because, unless you live in California, the Ioniq Electric is off limits. For now. With a range that might have once impressed and an entry price starting below $ […]