Joe McDonald

Read the latest stories and analysis from Joe McDonald.

This Oct. 8. 2014 photo shows a Wall Street address carved into the side of a building in New York. U.S. stocks were solidly lower in early trading Thursday, Oct. 9, 2014, pruning back some of the gains from a massive rally the day before. Gap shares plunged after the company announced its CEO was retiring. (AP Photo/Mark Lennihan)

Asian stocks sink after Wall Street plunge

Joe McDonald · October 10, 2014 4:44 am

An American flag flies in front of the New York Stock Exchange, Wednesday, Oct. 8, 2014 in New York. Stocks are moving between gains and losses in early trading as traders digest the latest corporate earnings news. Later Wednesday the Federal Reserve releases minutes from its latest policy meeting last month. (AP Photo/Mark Lennihan)

Asian stocks rebound after US gains

Joe McDonald · October 9, 2014 4:03 am

In this Oct. 2, 2014 photo, the statue of George Washington on the steps of Federal Hall faces the facade of the New York Stock Exchange, in New York. U.S. stocks opened higher Monday, Oct. 6, 2014, as investors assessed corporate news.

Asian stocks mixed after growth forecast cut

Joe McDonald · October 7, 2014 4:49 am

Traders Anthony Riccio, left, and Patrick Casey work on the floor of the New York Stock Exchange, Thursday, Oct. 2, 2014. U.S. markets were mostly flat in early trading Thursday, follow a sell-off the day before, as U.S. investors had little reaction to comments from European Central Bank President Mario Draghi, who announced new economic stimulus measures for the continent. (AP Photo/Richard Drew)

Hong Kong stocks fall, others in Asia higher

Joe McDonald · October 3, 2014 4:04 am

FILE - This July 15, 2013 file photo shows the New York Stock Exchange in New York. U.S. stocks are opening slightly higher Tuesday, Sept. 30, 2014, as investors set aside worries about the protests in Hong Kong. (AP Photo/Mark Lennihan, File)

Asian stocks mixed after Wall Street decline

Joe McDonald · October 1, 2014 3:29 am

A specialist works at his post on the floor of the New York Stock Exchange Monday, Sept. 29, 2014. The U.S. stock market slid to start the week, following European markets lower. (AP Photo/Richard Drew)

Asian stocks mostly lower after US declines

Joe McDonald · September 30, 2014 4:28 am

FILE - In this Aug. 15, 2013 file photo, people walk past a Lenovo flagship experience store in Beijing, China. Lenovo Group has received U.S. and European approval to complete its acquisition of IBM Corp.'s low-end server business and plans to use it to grow faster outside its personal computer business, Lenovo's chairman said Monday, Sept. 29, 2014. (AP Photo/Andy Wong, File)

Lenovo looks to expand after IBM acquisition

Joe McDonald · September 29, 2014 10:28 am

FILE - In this Feb. 10, 2011, file photo, American flags fly in front of the New York Stock Exchange, in New York. Stock markets fell Monday, Sept. 22, 2014, ahead of a preliminary manufacturing survey from China that might show renewed weakness in the world's second-largest economy. (AP Photo/Mark Lennihan, File)

China stocks rebound on stronger manufacturing

Joe McDonald · September 23, 2014 3:32 am

US firm in China meat scandal lays off 340 staff

Joe McDonald · September 22, 2014 5:02 am

FILE - In this July 11, 2013 file photo, a woman enters an office of GlaxoSimthKline in Beijing. Drug maker GlaxoSmithKline was fined $492 million on Friday, Sept. 19, 2014 for bribing doctors in China in the biggest such penalty ever imposed by a Chinese court. The court sentenced the company's former China manager, Briton Mark Reilly, and four Chinese co-defendants to prison but postponed the sentences for two to four years, suggesting they may never be served. The court said it granted leniency because the defendants confessed. (AP Photo/Alexander F. Yuan, File)

China fines GlaxoSmithKline $492M for bribery

Joe McDonald · September 19, 2014 3:39 pm

Chinese walking past a Taobao's mobile app advertisement billboard on display inside a subway station in Beijing, China, Thursday, Sep 18, 2014. Alibaba Groupâs U.S. stock offering is a wakeup call about an emerging wave of technology giants in Chinaâs state-dominated economy. (AP Photo/Vincent Thian)

Alibaba symbol of China’s new tech giants

Joe McDonald · September 18, 2014 10:04 am

FILE - In this Aug. 27, 2014 file photo, a chef walks in the headquarter campus of Alibaba Group in Hangzhou in eastern China's Zhejiang province. Control over Alibaba Group will stay in the hands of founder Jack Ma and other company veterans after the Chinese e-commerce giant goes public on the New York Stock Exchange in a record busting share sale. (AP Photo/File) CHINA OUT

Alibaba post-IPO structure gives insiders control

Joe McDonald · September 18, 2014 6:26 am