China’s Middle East Clout Has Limits

For most of the past decade, China’s story in the Middle East has been straightforward: endlessly rising investment, trade and influence. Having brokered a return to diplomatic relations between Saudi Arabia and Iran earlier this year and given its strong economic relationship with Israel, China has also found itself in the spotlight as the conflict … Read more

Stocks Snap Winning Streak After Powell Warns Inflation Victory Not Assured

The S&P 500’s shot at its longest winning streak since 2004 appeared within grasp for much of Thursday’s trading session. Then Federal Reserve Chair Jerome Powell and the Treasury market crashed the party. Major indexes fluttered between small gains and losses in quiet trading through the early afternoon. They turned firmly into the red after … Read more

The Electric-Car Era Needs a Lot of Really Big Trees

Demand for utility poles is high due to infrastructure spending and grid upgrades.

Markets Got an Unexpected Boost From Washington. Will It Mark a Turning Point?

The Treasury Department handed investors a happy surprise last week. Now the question is how far they can run with it. Stocks and bonds both staged rallies last week, getting a boost when the Treasury increased the size of longer-term debt auctions by a smaller amount than many had expected. Copyright ©2023 Dow Jones & … Read more

Sam Bankman-Fried Verdict Reflects Crypto’s Broken Dreams

Sam Bankman-Fried is gone. And crypto is back to its favorite activity: a wild speculative rally. The FTX founder’s trial featured a parade of witnesses detailing a multibillion-dollar fraud at the heart of the crypto market. None of it dented the enthusiasm of crypto investors. During the trial, crypto prices surged on optimism that U.S. … Read more

S&P 500 Clinches Best Week Since November 2022

Updated Nov. 3, 2023 5:26 pm ET The S&P 500 rallied Friday, capping its best weekly performance since November 2022, after the latest monthly jobs report suggested the Federal Reserve’s interest-rate raising campaign is working. The broad index gained 0.9%, bringing its gains for the week to 5.9%. The index is up 14% this year. … Read more

Bond Rout Drives 10-Year Treasury Yield to 5%

Listen to article (2 minutes) A deepening selloff in the U.S. bond market drove the yield on the 10-year U.S. Treasury note to 5% for the first time in 16 years, marking a milestone that has rattled stocks, lifted mortgage rates and fueled persistent fears of an economic slowdown.  A critical driver of U.S. borrowing … Read more

Oil Prices Don't Need War in the Middle East to Keep Rising

The escalating conflict comes against the backdrop of already tight oil market. Source link

What Could Finally Turn Around Citigroup?

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Apple's Easy Google Money May Get Harder to Keep

The government trial targets search deal just as worries grow about iPhone 15 cycle, future in China. Source link