Global stocks have fluctuated wildly over the past week, as concerns about AI valuations hang over equity markets. Some respite from a four-day sell-off followed Nvidia ‘s earnings release on Wednesday, but its own gains were quickly reversed during Thursday’s trading session as New York-listed stocks lost further ground . Friday saw U.S. stocks rebound … Read more
London’s biggest stocks have outperformed most of Wall Street’s major averages this year — and as the benchmark FTSE 100 index edges toward an historic milestone, market watchers say its rally could have further to run. The FTSE 100 index — home to the U.K.’s most valuable blue-chip companies — hit a record high of … Read more
Gold prices have been smashing new records this year, and a growing cadre of wealthy investors and family offices are no longer content to let their gold bars sit idle in vaults. They are leasing their bullion to refiners, jewelers, and fabricators for interest, defying gold’s reputation as a non-yielding asset. “We’ve got a whole … Read more
China’s imports of U.S. soybeans have shown little sign of rebounding as Beijing’s stockpiles swelled to their highest levels in years, undermining U.S. President Donald Trump’s claims that a recent trade truce would spur major new Chinese purchases. China, the world’s largest consumer of soybeans, has built up a glut of supplies after months of … Read more
Luckin Coffee is preparing to relist its shares in the U.S., its co-founder and CEO, Jinyi Guo, said at an entrepreneurs’ gathering earlier this month, five years after a $300 million accounting scandal derailed the coffee chain’s business. Speaking at a government-hosted event in the southeastern city of Xiamen, where Luckin Coffee is headquartered, Guo … Read more
A global wealth boom is fueling the creation of a record number of family offices. And that has come with a peculiar problem: imposters. Fundraisers and fraudsters are presenting themselves as family office representatives, seeking to dupe gullible investors — and then there are also imposters who are in it just for an “ego boost,” … Read more