money Stock markets are a ‘hold’ right now, not a buy: analyst
Sevens Report Research Founder Tom Essaye speaks with Yahoo Finance’s Alexis Christoforous, Brian Sozzi and Jared Blikre about the latest market moves.
Sevens Report Research Founder Tom Essaye speaks with Yahoo Finance’s Alexis Christoforous, Brian Sozzi and Jared Blikre about the latest market moves.
Vietnam's National Assembly will on Tuesday approve a bold bureaucratic reform plan that will slash up to a fifth of government bodies, as it tries to cut costs and improve administrative efficiency. The assembly earlier on Tuesday passed an amendment to a Law on Organising the Government, paving the way for a cull of 15% to 20% of the state apparatus that will include five ministries, four agencies and five state television channels, among other cuts. The move would "not only save money for the state budget but more importantly, boost the efficiency of the system", General Secretary of Vietnam's ruling Communist Party, To Lam, told parliament last week.
Much has been written about suspected sabotage of undersea cables in the Baltic Sea, but the UN says fishing trawlers are causing the most damage by far, rather than spies.Western officials have accused Russian vessels of sabotaging undersea communications and power cables in several high-profile incidents in the Baltic Sea in recent months.
North Korea on Tuesday criticized the United States and Asian neighbors for pursuing the “absurd” goal of denuclearizing the North and said it will push to expand its nuclear forces under the direction of its authoritarian leader Kim Jong Un. The statement by Pyongyang’s Foreign Ministry came after the top diplomats of the U.S., South Korea and Japan met at a security conference in Germany and reaffirmed their commitment to strengthening military cooperation and reinforcing an international sanctions regime to counter Pyongyang’s nuclear ambitions. The North Korean ministry accused the U.S. of trying to realize an “outdated and absurd plan” of denuclearizing the North and warned of “overwhelming and decisive counteraction” against its rivals if it perceives its security is under threat.
The death toll from powerful winter storms in the central and eastern United States has risen to at least 14, officials said Monday, after floods, gale-force winds and bitterly cold temperatures swept the region.The death toll in Kentucky has now risen to 12," said Kentucky Governor Andy Beshear in a social media post on Monday, raising the toll from eight a day earlier.
Authorities say at least 18 people are injured after a Delta Air Lines plane flipped upside down while landing amid wintry conditions Monday at Toronto Pearson International Airport.
Shares in Asia were mostly up Tuesday, with Chinese technology stocks surging after Chinese President Xi Jinping met with entrepreneurs this week in what is seen as a show of support to the technology industry. Hong Kong's Hang Seng rose 1.64% to 22,986.88, while the Shanghai Composite added 0.15% to 3,360.95. Japan's Nikkei 225 was up 0.39% to 39,296.11 after Japan's economic growth for the fourth quarter beat forecasts.
Australia’s central bank on Tuesday reduced its benchmark interest rate for the first time since October 2020 as the nation’s inflation cools. The Reserve Bank of Australia reduced the cash rate by a quarter percentage point from 4.35% to 4.1%. The cut was widely anticipated after inflation rose only 0.2% in the December quarter and 2.4% for calendar 2024.
Farmers in Indian-administered Kashmir say a major government infrastructure drive is taking their deeply cherished land, fearing it spearheads a push to "Hinduise" the disputed Muslim-majority territory."Kashmiri farmers... are being dispossessed of their land and livelihoods in the name of Indian development as 'a gift' for Kashmir," Osuri told AFP. She called the project a bid to "'Hinduise' Kashmir at the expense of Kashmiri Muslims".
Hong Kong resumed its tech-led rally on a healthy day for Asian markets Tuesday as a meeting between President Xi Jinping and China's top business leaders fanned hopes that a years-long crackdown on the private sector is coming to an end."This was seen as a strong signal that his crackdown on the tech sector is over and with forthcoming pro-business policies to help revive the economy," said National Australia Bank head of market economics Tapas Strickland.
The Israeli military is keeping troops at five southern Lebanese posts despite a Tuesday withdrawal deadline and Hezbollah warnings that Israel is violating a ceasefire agreement.
The Social Security Administration’s acting commissioner has stepped down from her role at the agency over Department of Government Efficiency requests to access Social Security recipient information, according to two people familiar with the official’s departure who were not authorized to discuss the matter publicly.
An Ohio sex worker charged with fatally drugging four customers and trying to kill a fifth has been found competent to stand trial.
Four top deputies in Eric Adams’ administration submitted their resignations Monday, in the latest sign of the New York City mayor’s cratering support among rank-and-file workers and the city’s elected officials.
Stiff winds blew over Canada’s Toronto Pearson Airport Monday afternoon as a slim aircraft and its 80 passengers and crew drifted toward the snowy tarmac, cleared by air traffic controllers to make a landing. But within moments, the plane had inexplicably overturned and crashed into the runway, sending fire crews scrambling to extinguish the rising flames.
Officials backtracked on the terminations Friday after multiple members of Congress petitioned Energy Sec. Chris Wright to reverse course, explaining the dire national security implications.
A Trump administration personnel official says Musk has "no actual or formal authority to make government decisions."
A deadline expired Tuesday for all Israeli troops to leave south Lebanon under a ceasefire deal with Hezbollah, hours after Israel said it planned to remain in five strategic locations.Hours before the deadline, Israel's military said Monday it would remain temporarily "in five strategic points" dotted along the length of the shared border in order to "continue to defend our residents and to make sure there's no immediate threat".
Top US and Russian diplomats will meet in Saudi Arabia on Tuesday for talks on resetting their countries' fractured relations and making a tentative start on trying to end the Ukraine war.Zelensky will travel to Turkey on Tuesday to discuss the conflict with President Recep Tayyip Erdogan, and then Saudi Arabia a day later.
A Delta Air Lines jet with 80 people onboard crash-landed Monday at Toronto's main airport, officials said, flipping upside down and leaving at least 18 people injured but causing no deaths.He confirmed that 18 people had been injured in the accident, with no fatalities.
Investors are due for a quiet holiday-shortened week as markets find stable gains.