By Wayne Cole SYDNEY (Reuters) – The dollar edged higher on Monday as markets braced for U.S. inflation data and a throng of Federal Reserve speakers this week, while the yuan nursed a hangover from Beijing’s latest underwhelming stimulus package. Highlighting the bleak background in China, data out over the weekend showed consumer prices rose at the slowest pace in four months in October, while producer price deflation deepened. Reports

Things Are Getting Weird for EVs After Trump’s Win Source link

By Rahul Paswan (Reuters) – Gold prices fell for a second straight session on Monday, while investors prepared for U.S. economic data and comments from Federal Reserve officials this week for more clarity on the future direction of U.S. interest rates. Spot gold dropped 0.5% to $2,669.22 per ounce, as of 0306 GMT. U.S. gold futures fell 0.7% to $2,675.90. “Gold prices were previously seen as a hedge against U.S.

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. The lure of dividend investing is increasing as beginner investors want to protect their savings against inflation and market volatility. Data from S&P Global shows the S&P High Yield Dividend Aristocrats outperformed the S&P Composite 1500 and S&P 500 High Dividend Index during down markets. But the benefits of dividends go beyond just

HONG KONG (AP) — Asian stocks fell on Monday, led by a more than 2% drop in Hong Kong’s Hang Seng index, as China’s stimulus package disappointed investor expectations. China on Friday approved a 6 trillion yuan ($839 billion) plan during a national legislature meeting. The long-anticipated stimulus is designed to help local governments refinance their mountains of debt in the latest push to rev up growth in the world’s

By Kevin Buckland TOKYO (Reuters) – Hong Kong stocks led declines in Asia on Monday after Beijing’s latest stimulus fell short of investor expectations, overshadowing Wall Street’s record highs from Friday and futures pointing to further strength at the reopen. Bitcoin climbed to an all-time high as Donald Trump’s victory in the U.S. presidential election along with pro-crypto candidates being voted to Congress spurred expectations of a light-handed regulatory environment.

(Bloomberg) — India’s central bank is ready to let the rupee weaken in tandem with the Chinese yuan after Donald Trump’s election win spurred fears of higher US tariffs, according to people familiar with the thinking of policymakers. Most Read from Bloomberg A depreciating yuan will lower the cost of Chinese goods, potentially leading to more imports and further widening India’s biggest trade deficit with any country. The Reserve Bank

Stocks notched their best week of the year as investors cheered President-elect Donald Trump’s economic agenda. “Tax cuts are behind the rally … and in general, there is the perception that markets like Republican administrations, although certainly the performance for the past few years of the Democratic administration has not exactly been shabby,” Interactive Brokers’ Steve Sosnick explained to me on Yahoo Finance’s special election coverage. The Dow Jones Industrial

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Warren Buffett, the legendary investor, has made a significant move by reducing his stake in Apple Inc. (NASDAQ:AAPL) and other stocks, generating a whopping $97 billion in gains for his company, Berkshire Hathaway Inc. (NYSE:BRK) (NYSE:BRK). What Happened: Buffett, last week, disclosed that he continued to cut his position in Apple and other

(Bloomberg) — Chinese stocks declined after a high-profile legislative meeting disappointed investors who had been hoping for large-scale stimulus to boost the economy and end a deflationary cycle. Most Read from Bloomberg The CSI 300 Index was down 0.4% as of 9:40 a.m. local time, while a gauge of Chinese stocks trading in Hong Kong dropped more than 2%. Both gauges trimmed bigger losses seen at the open. The declines