Business

Asian shares rise after ‘relief rally’ on Wall Street

TOKYO (AP) — Asian shares rose Tuesday, encouraged by a rally in US shares after some weak economic data raised hopes that the Federal Reserve might ease away from aggressive interest rate hikes. Japan’s benchmark Nikkei 225 added 2.3% in morning trading to 26,811.08. Australia’s S&P/ASX 200 surged 2.4% to 6,610.50. South Korea’s Kospi jumped …

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Daily Markets: Does This Relief Rally Have Any Legs?

Today’s Big Picture Asia-Pacific equity indexes ended today’s session up strongly as Taiwan’s TAIEX gained 2.08%, India’s Sensex advanced 2.25%, South Korea’s KOSPI rose 2.50%, and Japan’s Nikkei closed 2.96% higher. Australia’s ASX All Ordinaries set the pace, up 3.74% led by Non-Energy Materials. Hong Kong markets are closed marking the Double Ninth Festival. This …

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CEOs are preparing for a recession, and they don’t think it will be short

New York CNN Business — Major CEOs aren’t buying the notion that the US economy could have a soft landing following a series of historically large interest rate hikes by the Federal Reserve to fight inflation. According to a survey of 400 leaders of large US companies by consulting firm KPMG, a whopping 91% are …

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US Treasury recommends lawmakers decide which regulators will oversee the crypto spot market

Officials with the United States Financial Stability Oversight Council, or FSOC, have recommended US lawmakers pass legislation to determine which “rulemaking authority” will be responsible for regulating parts of the crypto spot market. In an Oct. 3 meeting of the FSOC, Jonathan Rose, a senior economist at the Federal Reserve Bank of Chicago, said the …

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Bitcoin price rises above US$19,000, Ether and rest of crypto top 10 gain

Bitcoin rose above US$19,000 in Tuesday morning trading in Asia, with Ether and the rest of the top 10 cryptocurrencies by market capitalization gaining. The moves reflected strong gains in US equity indexes on Monday after rounding out September with significant losses. See related article: Markets: Bitcoin price falls below US$19,000, XRP down, BNB only …

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Wisk’s latest flying taxi has four seats and can fly itself

Wisk Aero has unveiled its 6th-generation semi-autonomous air taxi, calling it the “first-ever candidate for type certification by the FAA of an autonomous eVTOL.” The design looks like a substantially updated version of the “Cora” air taxi we first saw fly and hover in New Zealand back in 2018. However, the company didn’t show any …

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4 Money Mistakes to Let Your Kids Make (for Their Own Good!)v

Teaching kids, teenagers and young adults about how to handle their money is one of the greatest gifts you can give your children. It’s an education that pays dividends (sometimes literally!), and not just when you share the knowledge. Financial literacy benefits us over the entire course of our lifetimes, as there’s never a point …

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