Markets turned lower to close out the week, marking the second straight week of losses and extending the slide lower. Normally, December is a historically strong month for the markets, but macroeconomic headwinds have been driving stocks lower, and the outlook going forward does not look good. S&P Global suggested in its preliminary readings on economic activity that markets could […]

Investors looking for exposure to large-cap electric vehicle (EV) brands will soon have another chance to jump on the battery-powered bandwagon.  Chinese EV maker Zeekr is reportedly planning an initial public offering (IPO) in 2023, seeking to raise more than $1 billion through the deal. Considering the brand’s valuation stood at $9 billion after its first external fundraising round last […]

It’s been a rough and tumble year for investors in 2022. Major indices have retreated, failing to sustain a comeback. American tech stocks, typically the high-growth darlings of Wall Street, have been humbled by the rout, with the Nasdaq plummeting by about a third. It’s not only the US economy either. Inflation is biting everywhere, and while Russia’s invasion of […]

BEIJING/HONG KONG (Reuters) -People queued outside fever clinics at China’s hospitals for COVID-19 checks on Monday, a new sign of the rapid spread of symptoms after authorities began dismantling stringent curbs on movement.A medical worker in a protective suit collects a swab sample from a man at a nucleic acid testing site, as coronavirus disease (COVID-19) outbreaks continue in Shanghai, […]

BEIJING (Reuters) – People queued on Monday outside fever clinics at China’s hospitals to check if they had COVID-19, a new sign of the rapid spread of symptoms after authorities began dismantling stringent measures against the disease.Women wearing face masks and face shields talk on a street, as coronavirus disease (COVID-19) outbreaks continue in Shanghai, China, December 12, 2022. REUTERS/Aly […]