PBOC Moves Mark Start of Policy Framework Shift

0625 GMT - The Chinese central bank's latest moves seem to be cementing the monetary policy shift toward a single anchor, with the seven-day reverse repo rate being the benchmark rate, HSBC

WSJ03:00 ET

Reported Sunday, XPENG And Volkswagen Group Sign Master Agreement To Develop Advanced E/E Architecture For Chinese Market

XPENG and the Volkswagen Group will jointly develop industry-leading E/E Architecture for all locally produced vehicles based on Volkswagen's China Main Platform (CMP) and Modular Electric Drive

Benzinga02:47 ET

Biden's Odds Of Finishing Term Drop Sharply On Crypto Prediction Market, Coin Themed After President Bleeds 60%

The odds of President Joe Biden finishing his tenure dropped dramatically on a cryptocurrency-based prediction market as the 81-year-old announced withdrawal from the 2024 presidential race.

Benzinga21:19 ET

NASDAQ is experiencing a major correction, where can you hide? The Dow Jones, gold, and US bonds are all falling, but bitcoin remains 'strong'.

Market style has changed due to factors such as improved prospects for Trump's campaign and increased expectations for interest rate cuts.

wallstreetcnJul 20 04:58 ET

US stocks closed with all three major indices falling, with the S&P Nasdaq index seeing its largest weekly decline in three months. Technology stocks weakened, with Tesla down more than 4%, Nvidia down more than 2%, and CrowdStrike down more than 11%.

Investors accelerated their escape from technology stocks, with stocks and bonds in Europe and the United States being hit hard for two days. This week, the S&P 500 and Nasdaq fell by about 2% and 3.7%, respectively. The Nasdaq stopped its six-week continuous rise, while the Dow and small-cap indices rose by 0.7% and 1.7%, respectively. Chip stocks fell more than 3% on Friday and nearly 9% for the week. Nvidia also fell more than 8.7% for the past three months, making it the worst performer. The "seven sisters of technology" all fell for the week, and cybersecurity leader Crowdstrike, which triggered a global technology outage, fell 11% on Friday, the worst in nearly two years. The VIX panic index rose more than 32% for the week.

wallstreetcnJul 19 21:32 ET

Western Alliance Posts Upbeat Earnings, Joins Abacus Life, SLB And Other Big Stocks Moving Higher On Friday

U.S. stocks were lower, with the Dow Jones index falling around 250 points on Friday.Shares of Western Alliance Bancorporation (NYSE:WAL) rose sharply during Friday's session following upbeat

BenzingaJul 19 10:30 ET