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Hedge Funds Turned Long Aussie Dollar at Just the Wrong Time

Jennifer DuBois -
(Bloomberg) -- Hedge funds turned the most bullish on the Australian dollar than they’ve been at any point this year, just before concerns...
Business

China Stocks Close to Erasing Politburo Gains Amid Economic Woes

Jennifer DuBois -
(Bloomberg) -- China’s benchmark stock index is close to erasing all of the gains it made since a key political meeting was held...
Business

US bank Citi completes sale of Taiwan consumer unit to Singapore’s DBS

Jennifer DuBois -
By Selena LiHONG KONG (Reuters) - U.S. bank Citigroup has completed the sale and migration of its Taiwan consumer businesses to Singapore's DBS...
Business

US Steel rejects a $7.3 billion offer from rival Cleveland-Cliffs; considers alternatives

Jennifer DuBois -
NEW YORK (AP) — United States Steel Corp. said Sunday that it rejected a $7.3 billion buyout proposal from rival Cleveland Cliffs and...
Business

Asian Equities Decline; Yen Breaches Key Level: Markets Wrap

Jennifer DuBois -
(Bloomberg) -- Equity benchmarks broadly fell across Asia in early trading after Wall Street capped off a poor week on a down note...
Business

Asia suffers China blues; dollar hits 2023 top on yen

Jennifer DuBois -
By Wayne ColeSYDNEY (Reuters) - Asian shares struggled on Monday ahead of China data that is likely to amplify the case for serious...
Business

Gas Market Ructions Fuel Concerns About Energy Bills This Winter

Jennifer DuBois -
(Bloomberg) -- Gas is back as a risk to the global economy with potential strikes in major producer Australia threatening to shatter the...
Business

Oil Edges Lower After Seven-Week Rally Driven by Tighter Market

Jennifer DuBois -
(Bloomberg) -- Oil edged lower after capping seven weeks of gains — the longest rally since mid-2022 — driven by signs of a...
Business

‘Pullback Will Be Short-Lived’: Daniel Ives Says Buy These 2 AI-Driven Tech Stocks — Including One With 260% Upside

Jennifer DuBois -
Boosted by the AI craze, it’s been a vintage year for tech stocks, but the summer season is proving to be a bit...
Business

U.S. Steel Looking at Options After Bid by Cleveland-Cliffs

Jennifer DuBois -
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