Biden speaks with China's Xi in their first call since U.S. election
WASHINGTON, Feb 10 - U.S. President Joe Biden spoke to Chinese President Xi Jinping on Wednesday, the White House said, his first direct contact with the leader of the world's second-largest economy since winning election in November and taking office last month.It was also the first call between Xi and a U.S. president since the Chinese leader spoke with former President Donald Trump in March last year. Since then, relations between the two countries have plunged to their worst level in decade
Asia stocks hold at highs, sustained by bottomless stimulus
* Treasuries rally on surprisingly soft CPI, dovish Powell. * Oil eases after longest winning streak in two years. SYDNEY, Feb 11 - Asian shares rested at record highs on Thursday as investors digested recent meaty gains, while bulls were sustained by the promise of endless free money after a benign reading on U.S. inflation and a dovish Federal Reserve outlook.Adding to the torpor was a lack of liquidity as markets in China, Japan, South Korea and Taiwan were all on holiday.MSCI's broadest ind
Not Just Tesla: Why Big Companies are Buying into Crypto-Mania
For months, there has beena consistent trickle of newsabout mainstream businesses getting involved in cryptocurrencies. In the past week, it has turned into a flood, helping to push the price of Bitcoin to a record of $48,297 on Thursday.The most buzzworthy move came from Tesla , which disclosed on Monday that it hasbought $1.5 billion worth of Bitcointo hold on its balance sheet. The company plans to let consumers use the currency to pay for cars.Mastercard said on Wednesday that it will let m
Here's the formula for spotting genuinely undervalued companies, claims this investment house
The growth stock vs. value stock dichotomy doesn't make sense, says ValuAnalysis. For most of 2020, investors poured money into names like online retailer Amazon $$, electric-car maker Tesla $$, and e-commerce platform Shopify -- "growth" stocks that kept indexes afloat in a turbulent year that hammered share prices across the board.But when news broke in early November 2020 that drug company Pfizer $$ and its partner BioNTech $$ had developed an effective vaccine against COVID-19, something pro