Clarity? In this economy?

Jim LaPointe knows that how the economy feels “depends on your perspective.” Four years after Covid-19 lockdowns kicked off a home fix-up frenzy, the central New Jersey contractor’s business remains through the roof. While Home Depot said earlier this month that customers are increasingly holding off on big projects, LaPointe is seeing the opposite. He’s been […]

Morning Bid: Yen traders eye BOJ minutes, China eyes rebound

The final trading week of the first half of the year gets underway on Monday, with Asia’s scorecard looking reasonably positive from an equity perspective, mixed through a currency and bond lens, and more bleak from a Chinese market angle. Chinese stocks will be looking to stop the rot and halt the recent decline that […]

Move to faster stock settlement creates unique hurdles for ETF market

The move to next-day settlement for trading in U.S. securities on Tuesday will require exchange-traded funds (ETFs) and the marketmakers to juggle multiple jurisdictional requirements and capital needs, market participants said. U.S. trading moves to a shorter settlement on Tuesday, which regulators hope will reduce risk and improve efficiency in the world’s largest markets, but is […]