As Beijing pushes for “common prosperity” and political turmoil threatens Hong Kong, Singapore has become a safe harbor for some of the region’s wealthiest tycoons and their families. Wei Leng Tay | Bloomberg | Getty Images More and more wealthy Chinese are worried about keeping their money on the mainland and some see Singapore as
Finance
U.S. equities futures dipped slightly Tuesday evening after stocks extended their rally in the previous session, even as fears of an inverted yield curve sparked recession concerns and investors continued watching developments play out in Ukraine. Futures tied to the Dow Jones Industrial Average slipped by 50 points, or 0.1%. S&P 500 futures fell 0.1%
In this article NLSN BBU NLOK CVS UNH LHCG A screen displays the logo and trading information for GameStop on the floor of the New York Stock Exchange (NYSE) March 29, 2022. Brendan McDermid | Reuters Check out the companies making headlines in midday trading. GameStop — Shares of the video game retailer dropped 6%
The Yokoy platform. Yokoy Sequoia Capital is betting the next European tech giant will emerge in Switzerland. The Silicon Valley venture capital firm told CNBC that it led an $80 million funding round for Yokoy, a platform that helps large companies manage their expenses, invoicing and credit card processing. Previous investors Left Lane and Balderton
Wall Street may be overestimating recession risks. While investors focus on an unnerving inversion between the five-year and 30-year Treasury Note yields, Canaccord Genuity’s Tony Dwyer is concentrating on optimistic activity in another part of the bond market. According to Dwyer, the three-month versus five-year yield shows a healthier picture of the U.S. economy because
In this article GME “The idea that I used social media to promote GameStop stock to unwitting investors and influence the market is preposterous,” Keith Gill told Congress. Gill — who goes by DeepF——Value on Reddit and Roaring Kitty on YouTube — testified in front of the U.S. House of Representatives’ Committee on Financial Services
Traders on the floor of the NYSE, March 25, 2022. Source: NYSE Stock futures were slightly lower Sunday evening as investors look ahead to a series of key economic reports and continue to keep a close eye on the Federal Reserve’s planned interest rate hikes. Futures tied to the Dow Jones Industrial Average moved lower
A visual representation of Bitcoin. Edward Smith | Getty Images LONDON — The U.K. government will soon reveal plans to regulate the cryptocurrency market, focusing on a fast-growing type of token known as stablecoins, according to four industry sources familiar with the matter. British Finance Minister Rishi Sunak is expected to make an announcement in
A novelty Bitcoin token photographed on a £10 note. Matt Cardy | Getty Images LONDON — A slew of cryptocurrency companies could be forced to wind down their business in the U.K. if they fail to register with the finance watchdog ahead of a key deadline next week. From Mar. 31, firms operating crypto services
In this article FDS NKLA GME DRI SPOT KBH Check out the companies making headlines before the bell: Darden Restaurants (DRI) – The parent of Olive Garden and other restaurant chains reported quarterly earnings of $1.93 per share, missing the $2.10 consensus estimate, with revenue and comparable-store sales also below analyst forecasts. Darden said the
In this article DIDI PDD 9618-HK BABA FTNT HNST TEVA-IL JOBY 9866-HK BBBY A person enters a Bed Bath & Beyond store in the Tribeca neighborhood in New York City. Michael M. Santiago | Getty Images Check out the companies making headlines in midday trading Friday. Bed Bath & Beyond – Shares of the home
In this article SWCH TEVA-IL SJR.B-CA HNST 9866-HK BBBY Check out the companies making headlines before the bell: Cannabis stocks – Shares of marijuana producers are extending a Thursday rally in the premarket, following an industry publication’s report that the House will vote for a second time next week to legalize cannabis at the federal
In this article KBH LOG.N-CH SPOT INTC UBER NVDA NVIDIA President and CEO Jen-Hsun Huang Robert Galbraith | Reuters Check out the companies making headlines in midday trading. KB Home — Shares of the homebuilder ticked 5% lower in midday trading after missing on the top and bottom lines of its quarterly results. KB Home
Irinascreativephoto | E+ | Getty Images Almost 645,000 people who were eligible for the third round of stimulus checks hadn’t gotten their payments as of mid-September, according to a U.S. Department of the Treasury report published Thursday. The American Rescue Plan authorized the federal government to send up to $1,400 to each person who qualified,
Larry Fink, chief executive officer of BlackRock Inc., in Zurich, Switzerland, on Thursday, March 7, 2019. Stefan Wermuth | Bloomberg via Getty Images Larry Fink, the CEO and chairman of the world’s biggest asset manager BlackRock, said Russia’s invasion of Ukraine has upended the world order that had been in place since the end of
New Home Construction by KB Home in California Bloomberg | Getty Images Check out the stocks making headlines in extended trading on Wednesday. KB Home — Shares for the homebuilding company slipped 4.3% after reporting an earnings miss. KB Home reported $1.47 earnings per share, missing the $1.56 consensus estimate by 9 cents. The company
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, March 21, 2022. Brendan McDermid | Reuters Stock futures rose slightly on Wednesday night as investors recover from losses during the regular trading session. The Dow Jones Industrial Average futures rose by 3 points, or 0.01%. S&P 500 and
People walk along Wall Street in the financial district of Manhattan on September 29, 2021 in New York City. Spencer Platt | Getty Images The average bonus paid to securities industry employees in New York climbed 20% to a record $257,500 for last year, according to state comptroller Thomas DiNapoli. The projection, released Wednesday in
The delisting of U.S.-listed Chinese stocks may come in the next two to three years, according to Jamie Allen of the Asian Corporate Governance Association. “There doesn’t seem to be a huge incentive … for China to compromise, nor does the U.S. seem to want to compromise,” the secretary general at the non-profit organization told
In this article GME NurPhoto | NurPhoto | Getty Images GameStop chairman Ryan Cohen just bought another 100,000 shares of the video game retailer on Tuesday, bringing his ownership to 11.9% as the activist investor tries to push the company into e-commerce. The meme stock jumped as high as about 20% in after-hours trading Tuesday