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Chinese stocks post first annual gain since 2020, HK ends 4-year rout
  • December 30, 2024

Chinese stocks post first annual gain since 2020, HK ends 4-year rout

Chinese stocks registered their first annual gain following an unprecedented three-year decline despite a dip on the final trading day of 2024, while Hong Kong shares ended the year higher, supported by optimism over policy support. The blue-chip CSI 300, tracking the biggest companies listed in Shanghai and Shenzhen, rose 14.7% this year, breaking a losing streak since 2021 set off by the COVID-19 pandemic, property sector woes and weak consumer confidence. Hong Kong's benchmark Hang Seng Index closed the year's final session up 0.1%, for an annual gain of 17.7% that ended four consecutive years of losses.

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These 2 Monster Growth Stocks Skyrocketed Over 1,000% This Year — Here’s What Analysts Expect in 2025
  • December 30, 2024

These 2 Monster Growth Stocks Skyrocketed Over 1,000% This Year — Here’s What Analysts Expect in 2025

“Past performance won’t guarantee future returns” is one of the first lessons in investing, a useful reminder that we can never tell what the future has in store. At the same time, a strong track record for a particular company can also suggest that the good times just might keep on rolling. So, what does it mean when a stock gains 1,000% or more in a single year? A jump of that magnitude signifies sustained outperformance – and investors will rightly wish to take a closer look. Wall Street’s an

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Chinese Stocks Race Past Peers for First Annual Gain Since 2020
  • December 30, 2024

Chinese Stocks Race Past Peers for First Annual Gain Since 2020

(Bloomberg) -- Chinese stocks posted their first annual advance since the pandemic, and more gains may be in store if Beijing offers further growth support.Most Read from BloombergDetroit’s Michigan Central Is the Building Revival Story of 2024Migrant Crisis Pushed US Homelessness to Record High in 2024The onshore benchmark CSI 300 Index has climbed almost 15% since end-2023 to halt an unprecedented three-year losing streak. A gauge of Chinese equities listed in Hong Kong jumped 26% to record it

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Pennsylvania governor complains to regulator about PJM's power market rules
  • December 30, 2024

Pennsylvania governor complains to regulator about PJM's power market rules

Pennsylvania Governor Josh Shapiro filed a complaint with a federal energy regulator against PJM Interconnection on Monday, arguing that the largest U.S. power grid operator must change its market rules or risk soaring electricity costs. PJM Interconnection, which runs the electrical grid covering more than 65 million Americans across parts of 13 states from Illinois to New Jersey, has faced increased public scrutiny since July, when it said its annual capacity auction would result in record-high payments to power plants in its system. "It is difficult to escape the conclusion that PJM's capacity market is currently failing," Shapiro, a Democrat, and the Commonwealth of Pennsylvania said in the complaint filed with the Federal Energy Regulatory Commission.

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