5 things to know before the stock market opens Monday, June 27

5 things to know before the stock market opens Monday, June 27

Here are the most important news items that investors need to start their trading day: 1. Stocks look to build off last week’s rebound A trader works on the floor of the New York Stock Exchange (NYSE) in New York City, US, June 22, 2022. Brendan Mcdermid | Reuters US stock futures rose before the … Read more

How Singaporean built thriving toy business

“I’m not the best artist. I’m terrible,” said Jackson Aw with a sheepish laugh. That may seem ironic, given how the 32-year old is the founder and chief executive officer of Mighty Jaxx, a designer toy company from Singapore. But to Aw, acknowledging his own shortcomings has helped him turn his start-up into a multimillion-dollar … Read more

‘What happened to the Tangshan women?’: Chinese demand answers on brutal restaurant attack

The women were brutally assaulted by nine men in the northern city of Tangshan after one of them objected to being sexually harassed. The attack — captured on surveillance camera — has felt shock waves across China, sparking outrage from women who have long faced harassment and gender-based violence. But the ensuing silence from the … Read more

Leaked audio from TikTok meetings revealed China accessed US user data: report

Fears that China could snoop on TikTok users were confirmed in leaked recordings from internal meetings held by the social media app’s parent company, according to a bombshell report Friday. The recordings revealed that China-based employees of ByteDance repeatedly accessed data tied to US users — raising fresh concerns about TikTok, which once faced a … Read more

Wall Street slips into a bear market; here’s what that means

NEW YORK (AP) — Wall Street opened the week with heavy losses that put the S&P 500 benchmark at a level considered to be a so-called bear market. Rising interest rateshigh inflationthe war in Ukraine and a slowdown in China’s economy have led investors to reconsider what they’re willing to pay for a wide range … Read more

India, China growing markets for shunned Russian oil

NEW DELHI (AP) — India and other Asian nations are becoming an increasingly vital source of oil revenues for Moscow despite strong pressure from the US not to increase their purchases, as the European Union and other allies cut off energy imports from Russia in line with sanctions over its war on Ukraine. Such sales … Read more

Asian shares mixed after rate jitters tumble on Wall Street

BANGKOK (AP) — Shares were mostly lower in Asia on Friday, with only Shanghai rising, after stocks tumbled on Wall Street on expectations central banks will double down on battling inflation with interest rate hikes. Tokyo’s Nikkei 225 index lost 1.3% to 27,881.78 while the Kospi in Seoul shed 1.2% to 2,593.60. In Australia, the … Read more

Self-driving car companies’ first step to making money isn’t robotaxis

A WeRide robotaxi with health supplies heads to Liwan district on June 4, 2021, in the southern Chinese city of Guangzhou. Southern Metropolis Daily | Visual China Group | Getty Images BEIJING — While governments may be wary of driverless cars, people want to buy the technology, and companies want to cash in. It’s a … Read more

Bitcoin Bounces To $30.5K As Stock Futures Rise, Markets Brush Off Biden’s Pledge To Defend Taiwan Against China

President Joe Biden speaks during a news conference with Japanese Prime Minister Fumio Kishida at Akasaka Palace, Monday, May 23, 2022, in Tokyo. (AP Photo/Evan Vucci) ASSOCIATED PRESS Bitcoin traded higher along with stock futures early Monday after US President Joe Biden hinted at revoking trade tariffs on China. The leading cryptocurrency jumped to $30,500 … Read more

Oil Prices Under Pressure As China Considers Russian Crude

China added some downward pressure to oil prices this week when it clearly signaled its intent to buy more discounted Russian oil. Between China and India, Russia is racing to pivot towards Asia as the EU attempts to ditch its oil. Oilprice Alert: This week’s Global Energy Alert highlights two ways to play a turbulent … Read more