CIO shares stock picks to weather volatility in policy and inflation

CIO shares stock picks to weather volatility in policy and inflation

Overly loose fiscal and monetary policy during Covid-19 was a “mistake,” according to the chief investment officer of asset management firm Antipodes Partners. Jacob Mitchell told CNBC’s “Street Signs Europe” Friday he expects to see a flip back to central banks “loosening policy aggressively” within 12 to 18 months to deal with the recessions set … Read more

Hong Kong stocks lead losses in Asia on China unrest, oil at lowest in 2022

Hong Kong stocks lead losses in Asia on China unrest, oil at lowest in 2022

Casetify poised to be Hong Kong’s next unicorn, valuation ‘close to a billion,’ says CEO Hong Kong-headquartered Casetify is now “close to a billion” in valuation, its co-founder and CEO Wesley Ng told CNBC Make It. This is after its first round of fundraising in 2021 after 10 years of operations — where the tech … Read more

Protests against Covid controls erupt across China

Protests against Covid controls erupt across China

Demonstrators against Covid restrictions hold blank sheets of paper during a protest in Beijing in the early hours of Monday, Nov. 28. Bloomberg | Bloomberg | Getty Images BEIJING — Rare protests broke out across China over the weekend as groups of people vented their frustration over the zero-Covid policy. The unrest came as infections … Read more

Our allies and enemies hold the keys to unlocking this market

Our allies and enemies hold the keys to unlocking this market

If the rest of the world would simply do what is expected of it, we would have a decent stock market and more prosperity with less inflation. That just isn’t the case right now. We are in a seasonably strong period — that’s for certain. We seem to have decent retail sales on tap, at … Read more

Dow closes more than 150 points higher. Stocks notch gains for holiday week

Dow closes more than 150 points higher. Stocks notch gains for holiday week

The Dow Jones Industrial Average rose Friday, notching a gain during the holiday-shortened trading week. The Dow rose 152.97 points, or 0.45% to 34,347.03, marking the third consecutive session of gains. The S&P 500 fell 0.03% to end the day at 4,026.12. The Nasdaq Composite slipped 0.52% to 11,226.36, weighed down by shares of Activision … Read more

5 things to know before the stock market opens Friday, November 25

5 things to know before the stock market opens Friday, November 25

Michael Nagle | Bloomberg | Getty Images Here are the most important news items that investors need to start their trading day: 1. Short day for stocks We hope you had a terrific Thanksgiving. If you’re scheduled to work today, please don’t work too hard. US stock markets are knocking off early, anyway, at 1 … Read more

China’s capital city Beijing battles Covid with more apartment lockdowns

China's capital city Beijing battles Covid with more apartment lockdowns

Covid restrictions have tightened in Beijing while infections keep soaring, prompting lockdowns of communities. Jade Gao | dpa | Getty Images BEIJING — China’s capital city is grinding to a near standstill as Covid controls spread. More and more apartment compounds in Beijing on Friday forbade residents from leaving for at least a few days. … Read more

Asia-Pacific stocks mostly lower, Tokyo inflation at highest in 40 years; US markets closed

Asia-Pacific stocks mostly lower, Tokyo inflation at highest in 40 years;  US markets closed

Proposed G-7 price cap may not have any effect whatsoever on Russia, says Wood Mackenzie The Group of Seven (G7) nations’ proposed price cap for Russian oil of between $65 and $70 a barrel may not be a significant deterrent for Moscow, according to Wood Mackenzie. The planned cap is not expected to make a … Read more

Recession will be an inch deep but a mile wide, says UBS strategist

Recession will be an inch deep but a mile wide, says UBS strategist

Global economic conditions will shift next year and that’s going to flip which markets and sectors underperform, according to the chief strategist of UBS Investment Bank. Bhanu Baweja told CNBC’s “Squawk Box Europe” on Wednesday that between one-third and half of the countries the bank covers globally are facing a recession. “It’s an inch deep … Read more

Fed minutes, Bank of Korea decision, Sri Lanka

Fed minutes, Bank of Korea decision, Sri Lanka

Malaysian stocks rise as state palace announces prime minister Malaysia-listed stocks rose as the the state palace announced Anwar Ibrahim as the nation’s prime minister. The benchmark KLCI-index traded 3.86% higher following previous negative sessions, trading at the highest levels in more than two months. Telecommunications group Axiata Group Bhd rose 12.4%, and Maxis Bhd … Read more