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  • European Stocks Edge Higher; German Industrial Production Impresses

    European Stocks Edge Higher; German Industrial Production Impresses0

    European stock markets edged higher Monday, with sentiment boosted by China’s decision to fully reopen its borders as well as stronger-than-expected German industrial production. At 03:45 ET (08:45 GMT), the DAX index in Germany traded 0.3% higher, the CAC 40 in France gained 0.2% and the FTSE 100 in the U.K. climbed 0.2%. European markets

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  • Oil Prices Rebound on China Reopening Optimism, Easing Fed Fears

    Oil Prices Rebound on China Reopening Optimism, Easing Fed Fears0

    Oil prices rose on Monday, recovering a measure of recent losses as investors bet that an economic reopening in China and a less hawkish rhetoric from the Federal Reserve will help spur a recovery in crude demand this year. China reopened its international borders for the first time since 2020, a clear indication that the

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  • Asia FX Rallies on China Reopening, Yuan at Over 4-Mth High

    Asia FX Rallies on China Reopening, Yuan at Over 4-Mth High0

    Most Asian currencies shot up on Monday, with the Chinese yuan hitting a four-month high after the country reopened its international borders, while hopes of a less hawkish rhetoric from the Federal Reserve also weighed on the dollar and supported regional units. The yuan jumped 0.7% to 6.7912 against the dollar, its strongest level since

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  • GM Wants U.S. Treasury to Reconsider tax Credits for Cadillac Lyriq EV

    GM Wants U.S. Treasury to Reconsider tax Credits for Cadillac Lyriq EV0

    General Motors said Friday it wants the U.S. Treasury to reconsider classification of GM’s electric Cadillac Lyriq to allow it to qualify for federal tax credits. The Treasury and Internal Revenue Service did not classify the Lyriq as an SUV, meaning its retail price cannot be above $55,000 to qualify for up to $7,500 in

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