A new form of digital layaway has taken Europe by storm and gained some acceptance in the US, and the growing handful of opponents in space want to encourage more online purchases that Americans pay for over time. ‘Buy now, pay later’ options – referred to in the paymentsRead More →
© Reuters. FILE PHOTO: The logo for Chinese ride-hailing company Didi Global Inc is pictured during the IPO on the New York Stock Exchange (NYSE) floor in New York City, U.S., June 30, 2021. REUTERS/Brendan McDermid/File Photo (Reuters) -Ride-hailing company Didi Global on Thursday denied a media report thatRead More →
© Reuters. FILE PHOTO: A view of the exterior of the Nasdaq market site in the Manhattan borough of New York City, U.S., October 24, 2016. REUTERS/Shannon Stapleton (Reuters) – Exchange operator Nasdaq Inc reported a better-than-expected quarterly profit on Wednesday, boosted by strength in its trading business asRead More →
Gary Vaynerchuk wears many hats. He’s an entrepreneur, CEO, angel investor, public speaker and social-media guru — not to mention the actual hat he wore during his interview with MarketWatch showing he’s a fan of the New York Jets. Vaynerchuk, 45, is the CEO of media and communications companyRead More →
Weeks before Didi Global Inc. went public in the U.S., China’s cybersecurity watchdog suggested the Chinese ride-hailing giant delay its initial public offering and urged it to conduct a thorough self-examination of its network security, according to people with knowledge of the matter. But for Didi DIDI, -5.30%, waiting would be problematic.Read More →
© Reuters. FILE PHOTO: A United Airlines passenger jet lands at Newark Liberty International Airport, New Jersey, U.S. December 6, 2019. REUTERS/Chris Helgren By Tim Hepher, Tracy Rucinski and Eric M. Johnson (Reuters) – United Airlines was putting the finishing touches on Monday to an airplane order potentially worthRead More →
By Yilei Sun and Tony Munroe SHANGHAI (Reuters) – Volkswagen AG (OTC:)’s ID series – the backbone of its electric vehicle ambitions – is off to what even company sources call a worryingly slow start in China. Sales in May of two ID.4 electric SUV models, launched only twoRead More →
Professional short-sellers have changed their ways this year. They have limited their exposure to risk after taking heavy losses earlier in 2021 as traders using Reddit’s WallStreetBets channel and other social media bid up prices of stocks the pros had bet against. But there are still stocks with heavyRead More →
The U.S. Securities and Exchange Commission warned Monday that it is closely monitoring frenetic moves in the stock market, amid the stratospheric surge in values of meme stocks AMC Entertainment and GameStop Corp. “SEC staff continues to monitor the market in light of the ongoing volatility in certain stocksRead More →
© Reuters. FILE PHOTO: The logo of Dow Jones Industrial Average stock market index listed company JPMorgan Chase (JPM) is seen in Los Angeles, California, United States, in this October 12, 2010 file photo. JPMorgan Chase & Co. owns Chase Commerical Bank and JPMorgan HONG KONG (Reuters) – JPMorganRead More →
As the Atlantic hurricane season begins June 1 and runs through November, at least one major forecasting body predicts an above-normal season. Still, 2021 is not expected to match the historic wrath of 2020 storms. Forecasters at the National Oceanic and Atmospheric Administration’s (NOAA) Climate Prediction Center see aRead More →
The uneven state of the pandemic across the world was on full display Wednesday, with India setting a global record for one-day fatalities, while the U.S. reported continued declines in cases and deaths and the European Union said it would open its borders to vaccinated travelers after months ofRead More →
An exchange-traded fund driven by artificial intelligence has just loaded up on shares in Tesla — and it has a history of correctly predicting the stock’s price swings. The electric-vehicle company now makes up 6% of its portfolio, and is the fund’s third-largest holding after online retailer Amazon AMZN,Read More →
The global tally of confirmed cases of the coronavirus-borne illness COVID-19 edged closer to 160 million on Wednesday, as an independent panel said the crisis was preventable if world leaders had better coordinated their response and moved faster to limit illness and deaths. The Independent Panel for Pandemic Preparedness andRead More →
The Dow Jones Industrial Average hit a milestone at 35,000, marking the latest in a string of all-time highs Monday as the broader market saw a mixed performance, with the tech-heavy Nasdaq Composite down sharply as high-profile Big Tech shares tumbled. What are major indexes doing? The Dow DJIARead More →
© Reuters. FILE PHOTO: A man walks past a stock quotation board at a brokerage in Tokyo, Japan February 26, 2021. REUTERS/Kim Kyung-Hoon By Wayne Cole SYDNEY (Reuters) – Asian shares were trying to avoid a fourth straight session of falls on Wednesday as U.S. stock futures steadied inRead More →
Wealthy investor Mike Novogratz says that the run-up in dogecoin is a reflection of the disenchantment of younger investors in the current state of financial markets and the economy and cautioned that trying to bet on the parody coin at these current levels is dangerous. “It is dangerous beingRead More →
© Reuters. FILE PHOTO: Construction continues on the Foxconn manufacturing complex in Mt. Pleasant 2/2 By David Shepardson and Karen Pierog WASHINGTON (Reuters) -Taiwan electronics manufacturer Foxconn is drastically scaling back a planned $10 billion factory in Wisconsin, confirming its retreat from a project that former U.S. President DonaldRead More →
Bitcoin prices were sinking into correction territory Sunday morning, marking the sharpest slide for the digital asset since February, coming on the heels of what has been a remarkable stretch for the crypto industry. At last check, bitcoin prices BTCUSD, -14.69% late-morning Sunday were at $55,773.11 down nearly 14%Read More →
Nvidia Corp.’s stock traded at record highs Tuesday as analysts hiked price targets and applauded the chip maker’s plans to branch out into its rivals’ territory. Nvidia NVDA, +1.45% shares hit a new intraday record high of $625.40 Tuesday, squashing the previous record of $614.90 set in February andRead More →
U.S. stocks held minor gains Wednesday midmorning in muted trade ahead of the release of minutes from the Federal Reserve’s March policy meeting which may offer clues on the central bank’s strategy if the economic rebound from the coronavirus pandemic runs too hot. How are stock benchmarks trading? TheRead More →
As the U.S. faces calls to share excess COVID-19 vaccine doses with less-wealthy countries, a new study suggests Americans have differing views on the appropriate levels and timing of so-called vaccine diplomacy. Older people in a survey of 788 U.S. adults were less likely to support higher levels ofRead More →
© Reuters. FILE PHOTO: A man stands on an overpass with an electronic board showing Shanghai and Shenzhen stock indexes in Shanghai By Alwyn Scott and Scott Murdoch NEW YORK (Reuters) – Asian shares were mixed early Tuesday as global investors shook off worries about a hedge fund defaultRead More →
© Reuters. FILE PHOTO: The Goldman Sachs company logo is seen in the company’s space on the floor of the NYSE in New York (Reuters) – Large block trades on Friday causing a wave of selling in a clutch of companies were driven by sales of more than $10Read More →
The company may have included “outdated information” in U.S. trial results for its COVID-19 vaccine, providing an “incomplete view of the efficacy data,” a U.S. federal health agency said in a highly unusual statement released after midnight. AstraZeneca AZN, -2.48% AZN, -3.10% said Monday that interim data from aRead More →
