In this article C UOBH-SG A Citibank branch in New York, U.S., on Friday, Jan. 7, 2022. Victor J. Blue | Bloomberg | Getty Images Citigroup will sell its consumer banking businesses in Indonesia, Malaysia, Thailand and Vietnam to Singapore’s United Overseas Bank, the banks announced Friday. As part of the deal, UOB said it
Finance
In this article DIS SAM BLK JPM WFC SHW Check out the companies making headlines before the bell: BlackRock (BLK) – BlackRock earned an adjusted $10.42 per share for the fourth quarter, beating the consensus estimate of $10.16, although revenue for the asset manager was slightly below forecasts. Assets under management rose above the $10
In this article LVS C JPM DPZ SHW Spencer Platt | Getty Images Check out the companies making headlines in midday trading. Casino stocks — Las Vegas Sands and Wynn Resorts saw their shares jump more than 11% and 7%, respectively, after the Macau government said the number of casinos allowed to operate there would
A Neta (Nezha) V electric car is on display at the Hozon Auto stand during an auto show in Tianjin, China, on Oct. 4, 2021. VCG | Visual China Group | Getty Images BEIJING — Tesla and BYD remained by far the market leaders in China’s electric car market in 2021, while new competitors emerged
Containers sit at the Yangshan Port in Shanghai, China, Aug. 6, 2019. Aly Song | Reuters BEIJING — China’s exports grew slightly more than expected in December, while imports rose less than expected, according to customs data released Friday. Exports rose by 20.9% year-on-year in U.S. dollar-terms, above the 20% increase forecast by a Reuters
In this article DAL KBH F Newly manufactured Ford Motor Co. 2021 F-150 pick-up trucks are seen waiting for missing parts in Dearborn, Michigan, March 29, 2021. Rebecca Cook | Reuters Check out the companies making headlines in midday trading. Ford — Shares jumped about 4% as the automaker’s market cap topped $100 billion for
In this article HOOD Baiju Bhatt and Vlad Tenev attend Robinhood Markets IPO Listing Day on July 29, 2021 in New York City. Cindy Ord | Getty Images Stock trading app Robinhood said Wednesday will let most of its 3,400 person workforce work remotely on a permanent basis. The newly public brokerage is headquartered in
Traders work on the floor of the New York Stock Exchange (NYSE) on January 07, 2022 in New York City. Spencer Platt | Getty Images U.S. stock futures were steady in overnight trading on Wednesday after the Nasdaq Composite rose for the third session despite a red-hot consumer price index report. Dow futures rose just
In this article CROX DASH BIIB A person skateboards past Biogen Inc. headquarters in Cambridge, Massachusetts, on Monday, June 7, 2021. Adam Glanzman | Bloomberg | Getty Images Check out the companies making headlines in midday trading Wednesday. Biogen — Shares of Biogen fell more than 9% after Medicare said it would only cover the
Kim Kardashian arrives for the 2018 Met Gala on May 7, 2018, at the Metropolitan Museum of Art in New York. Angela Weiss | AFP | Getty Images Kim Kardashian and Floyd Mayweather are being sued over allegations they misled investors when promoting a little-known cryptocurrency called EthereumMax to their millions of social media followers.
Stock futures held steady in overnight trading Tuesday after a rally on Wall Street as investors bought the dip following a five-day sell-off in the S&P 500. Futures on the Dow Jones Industrial Average were little changed. S&P 500 futures and Nasdaq 100 futures were also flat. The overnight session followed a rebound in the
In this article LVS ACI JNPR RIVN ILMN Offices of Illumina, in San Diego, California. Mike Blake | Reuters Check out the companies making headlines in midday trading. Illumina – Illumina shares surged 12.7% a day after the biotechnology company issued a 2022 revenue outlook that topped consensus expectations. The company also highlighted strong demand for
An elderly couple walk past a sign in front of Shimao Tower, developed by Shimao Group Holdings Ltd., in Shanghai, China, on Saturday, Jan. 8, 2022. Qilai Shen | Bloomberg | Getty Images BEIJING — Chinese real estate developer Shimao Group Holdings pushed back Tuesday on reports of default and sales of prime property. Shimao
Market bull Julian Emanuel sees a dot-com era dynamic that could shatter the S&P 500’s record highs. In his first TV interview since starting at Evercore ISI, Emanuel told CNBC’s “Fast Money” an emotionally charged public could drive the index to 5,509 this year. “They really haven’t committed sort of every last dollar in the
In this article TLRY-CA APR LULU ZNGA TTWO Pedestrians seen walking past Canadian athletic apparel retailer Lululemon in Shanghai. Alex Tai | SOPA Images | LightRocket | Getty Images Check out the companies making headlines in midday trading. Zynga, Take-Two Interactive — Shares of the mobile gaming company Zynga soared by more than 41% after Take-Two
Traders work on the floor of the New York Stock Exchange (NYSE) on January 07, 2022 in New York City. Spencer Platt | Getty Images Stock futures were lower in overnight trading Sunday after a rocky start to 2022 for equity markets as interest rates rise. Futures on the Dow Jones Industrial Average shed about
A child passes by the Marriner S. Eccles Federal Reserve Board Building on Constitution Avenue, NW, on Monday, April 26, 2021. Tom Williams | CQ-Roll Call, Inc. | Getty Images Investors have been preparing for the Federal Reserve to start hiking interest rates. They also know the central bank is cutting the amount of bonds
In this article TMUS QDEL GME A mall visitor walks be a GameStop store on December 08, 2021 in San Rafael, California. Justin Sullivan | Getty Images Check out the companies making headlines in after-hours trading: GameStop — Shares of the retailer jumped more than 28% in extended trading after the Wall Street Journal reported
In this article FB GS The Facebook and Instagram logos displayed on a smartphone with the Meta Platforms logo pictured in the background. Igor Golovniov | SOPA Images | LightRocket | Getty Images LONDON — British digital bank Starling says it is boycotting Facebook parent company Meta over its failure to tackle fraudulent financial adverts.
In this article BTC.CM= Chukrut Budrul/SOPA Images/LightRocket via Getty Images Bitcoin dropped to a three-month low late Thursday amid jitters over U.S. monetary policy tightening and an internet shutdown in Kazakhstan, the world’s second-biggest bitcoin mining hub. The price of bitcoin fell to $41,222.41 just after 9 p.m. ET Thursday, reaching its lowest level since