The roaring rally in US stocks lost steam on Tuesday, with futures hitting pause as investors assessed whether buying has been overdone and what Donald Trump’s cabinet picks mean for policy. Dow Jones Industrial Average futures (YM=F) nudged 0.1% lower, while S&P 500 futures (ES=F) shed roughly 0.2% after both gauges closed above key milestones. Contracts on the tech-heavy Nasdaq 100 (NQ=F) edged down 0.1%. Wall Street analysts are signaling

(Reuters) – U.S. stock index futures dipped on Tuesday after Wall Street’s rally over the past few days following election results as traders awaited key inflation data later in the week for more signals on the country’s economic and monetary policy outlook. The three major indexes notched record high closes in the previous session as investors broadly expect President-elect Donald Trump’s proposed tax cuts and expectations of easier regulatory policies

Staff sort express deliveries at China Post’s Zaozhuang branch in east China’s Shandong province on November 10, 2024 Nurphoto | Nurphoto | Getty Images BEIJING — China’s Singles’ Day shopping festival saw consumers spend more than expected in what has otherwise been a tepid retail environment, consulting executives told CNBC. The country’s version of Black Friday kicked off this year on Oct. 14, more than a week earlier than in

(Bloomberg) — Gold slipped to its lowest level in more than seven weeks, as the dollar continued to strengthen following Donald Trump’s election victory last week. Most Read from Bloomberg Bullion fell as much as 1.1% — after sliding 2.5% in the previous session — as a gauge of the dollar rose to its highest level in a year. The gains, which make commodities priced in the currency more expensive

Alibaba International promotes its e-commerce platform for small businesses at the Canton Fair in Guangdong, China, on Oct. 16, 2024. Vcg | Visual China Group | Getty Images BEIJING — Chinese e-commerce giant Alibaba on Tuesday unveiled an artificial intelligence-powered search engine for small businesses in Europe and the Americas to source supplies. It’s an attempt to leverage ChatGPT-like tech to increase sales. Initial tests showed businesses’ purchase intent using

(Bloomberg) — Chinese stocks and the yuan slumped as fears of worsening Sino-American tensions further undermined investor confidence after a slew of disappointing economic developments. Most Read from Bloomberg The Hang Seng China Enterprises Index tumbled more than 3%, poised for its biggest one-day loss in nearly a month. The onshore benchmark CSI 300 Index slid as much as 1.7%. The offshore yuan fell 0.3% to 7.25 per dollar, the

The majority of the aging population in Japan still prefers using cash for transactions, according to a recent report citing government data. In 2023, cashless transactions in Japan totaled 126.7 trillion yen ($885 billion), accounting for 39.3 percent of all spending in the country, said the Japanese government. The government hopes that number reaches 40 percent by 2025. The Japanese government’s initiative to increase cashless transactions is being supported by

Breadcrumb Trail Links Investor News Retail & Marketing Deal would cement its top executive as a billionaire Author of the article: Bloomberg News Mathieu Dion and Christine Dobby Published Nov 11, 2024  •  Last updated 8 hours ago  •  2 minute read You can save this article by registering for free here. Or sign-in if you have an account. A Garage clothing store in Montreal, Que. Photo by Courtesy Groupe Dynamite

Allison Joyce/Getty Images The Dow closed above 44,000 and the S&P 500 closed above 6,000 for the first time on Monday. Bitcoin soared 8% to hit a record high as crypto’s post-election rally continued. Investors will focus on inflation data and corporate earnings as the key market drivers this week. US stocks were higher on Monday, with the Dow Jones Industrial Average jumping about 300 points while the Nasdaq 100

(Bloomberg) — Most Asian shares fell as traders weighed the impact of president-elect Donald Trump’s likely policy agenda and the stronger dollar on regional economies. Most Read from Bloomberg The MSCI Asia Pacific Index slipped for a third day as Treasury yields rose, threatening to lure funds back to US assets. Hong Kong shares led regional equity declines following reports that Trump’s cabinet will include a number of China hawks.