Browsing: Stock markets

BEIJING — U.S. credit card giant Visa announced Tuesday it had received approval from the People's Bank of China for setting up a bank card clearing business in the country.

Cleveland Federal Reserve President Beth Hammack said Monday that tighter monetary policy might be needed to bring down inflation and the central bank should make fast, incremental adjustments.

Happy birthday to the bull market, which just turned four.

With the first round of Brazil's presidential election taking place Sunday, Wall Street is gearing up with starkly different market predictions depending on the outcome of the neck-and-neck race.

Wagering on sports outcomes has exploded in the 2020s, but recent surveys show just how widespread gambling has become for Generation Z. 

Brazilians will decide in just under three weeks whether to reelect incumbent president Luiz Inácio Lula da Silva or oust him in favor of Flávio Bolsonaro — the son of former president Jair Bolsonaro — as both advanced to a runoff after receiving the most votes in the first-round vote on Sunday. 

The growing popularity of a combo contracts on prediction markets is leading to soaring volumes, even as they makes up only a small amount of total activity on the platforms. 

The S&P 500 rose to an all-time intraday on Tuesday, touching 7844.52 and surpassing its August 13 intraday peak when it hit 7,830. The benchmark also closed for the first time over 7,800.

J.P. Morgan Asset Management is making a bullish call on an underinvested market group: high-quality fixed income.

BEIJING — Faced with a slowdown in the smartphone and car markets, Huawei's consumer business is choosing to focus on phones with homegrown chips.