Finance

SINGAPORE — The increasing regulatory scrutiny of Alibaba-affiliate and financial technology powerhouse Ant Group could be bad for the Chinese economy as well as China’s financial technology sector, says Andrew Collier, managing director of Orient Capital Research. The highly-anticipated listing of Chinese tech giant Ant Group — which was set to be the world’s largest

Check out the companies making headlines before the bell: SAP – The German business software company’s stock is moving higher after it announced its Qualtrics unit has filed to go public. Qualtrics – which specializes in customer relationship software – is expected to be valued at $12 billion or more, compared to the $8 billion SAP

Traders work on the floor of the New York Stock Exchange. NYSE U.S. stock futures opened flat on Monday night following a rally that lifted the major averages to fresh record highs. Dow Jones Industrial Average futures rose just 16 points, or less than 0.1%. S&P 500 and Nasdaq 100 futures each gained 0.1%. The

Containers and trucks at the port of Qingdao, China on February 14, 2019. Reuters BEIJING — China has not fully recovered from the shock of the coronavirus pandemic, business leaders said in a survey by the China Beige Book released Tuesday. After about a year since Covid-19 first emerged in the Chinese city of Wuhan,

Democratic President-elect Joe Biden delivering remarks on Covid-19 at The Queen theater on Oct. 23, 2020 in Wilmington, Delaware and U.S. President Donald Trump addressing supporters during a Make America Great Again rally in Gastonia, North Carolina, Oct. 21, 2020. Getty Images Wall Street investors largely believe a Joe Biden presidency could mean lower stock-market

Trump averted a government shutdown late Sunday, and extended unemployment benefits to millions of Americans. The signing came days after Trump suggested he would veto the legislation, demanding $2,000 direct payments to Americans, instead of $600. Stock futures in the U.S. rose slightly on the news. In Asia, shares of Alibaba in Hong Kong dropped

Traders work on the floor of the New York Stock Exchange. NYSE Stock futures held steady in overnight trading on Sunday ahead of the final trading week of 2020. Futures on the Dow Jones Industrial Average dipped 30 points. S&P 500 futures fell 0.1% and Nasdaq 100 futures were little changed. Investors monitored the status

U.S. government debt prices were lower on Wednesday after President Donald Trump suggested he may not sign a long-delayed coronavirus relief package.  The yield on the benchmark 10-year Treasury note climbed to 0.921%, while the yield on the 30-year Treasury bond was slightly higher at 1.655%. Bond yields move inversely to prices. Trump on Tuesday poured cold water on

CEO and founder of U.S. Nikola Trevor Milton Massimo Pinca | Reuters Check out the companies making headlines in midday trading.  Carnival, Norwegian Cruise Line, Royal Caribbean — Travel stocks rebounded from steep losses earlier this week on fears about the new Covid strain in the U.K. Carnival and Norwegian Cruise Line popped more than

European stocks are set to open higher in a light trading session as traders grew optimistic a Brexit trade deal would be reached. Britain’s FTSE 100 is seen climbing 38 points to 6,530, France’s CAC up 15 points at 5,552 and Italy’s FTSE MIB up 93 points at 22,074, according to index data from IG.

U.S. government debt prices rose on Thursday amid hopes of a Brexit trade deal being reached between the U.K. and the European Union. The yield on the benchmark 10-year Treasury note fell to 0.948%, while the yield on the 30-year Treasury bond traded lower at 1.689%. Bond yields move inversely to prices. Britain and the European Union are said

LONDON — The British pound jumped close to levels not seen for 31 months Thursday as investors bet the U.K. and the European Union would strike a long-awaited Brexit trade deal. Sterling climbed 0.8% to around $1.3593, after earlier reaching a session high of $1.3616. Earlier this month, the currency breached a 2020 high of

Check out the companies making headlines in midday trading.  Nikola — Shares of the electric vehicle company shed more than 3% as the stock continued its slide after the announcement of the end of a garbage truck development deal with Republic Services. The stock lost 10.7% on Wednesday. Wedbush Securities called the announcement “a tough

Take a look at some of the biggest movers in the premarket: FireEye (FEYE) – The cybersecurity firm’s stock is 2% lower in premarket trading, after rising for four straight sessions and eight of the past 10, gaining more than 78% over the latter stretch. Shares of this and other cybersecurity firms have been rising,

U.S. stock index futures were slightly higher in overnight trading on Wednesday, ahead of the final trading day of the holiday-shortened week. Futures on the Dow Jones Industrial Average advanced 48 points. S&P 500 futures rose 0.12%, while Nasdaq 100 futures advanced 0.08%. The S&P 500 finished Wednesday’s session little changed — rising less than

John Moore | Getty Images News | Getty Images More than 20 million Americans are eagerly anticipating a $300 boost to their weekly unemployment benefits.   The sum would nearly double weekly aid for the average worker and help lift millions out of poverty. But it’s unclear when exactly that cash will hit workers’ bank

Take a look at some of the biggest movers in the premarket: Pfizer (PFE) – Pfizer and the government struck a deal for the drugmaker and partner BioNTech (BNTX) to provide 100 million more doses of its Covid-19 vaccine, increasing the total that Pfizer has agreed to provide to 200 million. The extra 100 million

Long-time tech investor Paul Meeks expects 2021 to be another winning year for the Nasdaq. But Meeks, who’s known for running the world’s largest tech fund during the late 1990s, warns two popular names that went public this month won’t reap the benefits: Airbnb and DoorDash. “I would short DoorDash here. It’s just crazy overvalued

Igor Golovniov/SOPA Images/LightRocket via Getty Images A $300 enhancement to unemployment benefits will nearly double weekly jobless aid for the average American. Workers in some states will see an even greater windfall relative to current benefits. Congress passed a Covid relief bill that pays an extra $300 to all recipients of jobless aid. The legislation

Take a look at some of the biggest movers in the premarket: Peloton (PTON) – Peloton is acquiring rival fitness equipment maker Precor for $420 million, in a deal that will give it more market share as well as increased manufacturing capacity. The acquisition prompted KeyBanc Capital Markets to raise its price target on Peloton