China Calls Out US for ‘Classic Protectionism’ in Tension Over EVs

Mar 4, 2024 | Markets

China became world’s biggest vehicle exporter in 2023 US could impose limits on China EVs, Bloomberg has reported China charged the US with engaging in protectionist trade measures amid signs that Washington is prepared to step up efforts to keep Chinese electric...

Morgan Stanley Offers Pre-IPO Share Trading to Wealth Clients

Mar 4, 2024 | Markets, Private Markets

Unit to offer private shares to accredited investors Valuations of private firms like OpenAI, SpaceX have jumped Morgan Stanley’s wealth management arm is giving its clients a chance to buy and sell coveted shares of private companies before they are available to the...

World-Beating Mining Stock Turns Big Loser Thanks to China Slump

Mar 3, 2024 | Markets

Fortescue tipped for biggest earnings decline among peers Shares have faltered recently after months-long climb Iron ore behemoth Fortescue Ltd.’s months-long stock rally suffered a big pullback in February as investors turned sour on the company’s earnings growth and...

Beijing Is Expected to Unveil GDP Target Around 5% — A Goal Now Harder to Achieve

Mar 3, 2024 | Markets

Premier Li Qiang will deliver government work report at NPC Investors will scrutinize policy priorities as economy falters China is set to announce its 2024 growth target and outline its strategy for supporting the slowing economy at the nation’s most high-profile...

Sorry, Fed, Most US Mortgage Rates Were Locked In During Pandemic Lows

Mar 3, 2024 | Markets

More than 40% of all US mortgages were originated in 2020 or 2021, when the pandemic drove borrowing costs to historic lows and triggered a refinancing boom, according to data from Black Knight. That’s good news for all the homeowners who locked in cheap loans — but...