Finance

Tan Min Liang, the co-founder, CEO and executive director of Razer, at a press conference on the proposed listing of Razer at JW Marriott Hotel Hong Kong in Admiralty. Dickson Lee | South China Morning Post | Getty Images After applying to become a regulated bank in Singapore, gaming hardware firm Razer is now considering

Chief Executive Officer of Citigroup Michael Corbat speaks at a European Financial Forum event in Dublin, Ireland February 13, 2019. Clodagh Kilcoyne | Reuters When Citigroup president Jamie Forese announced he was stepping down in April 2019, it set off a chain of events that culminated Thursday when the firm announced it will appoint Jane

Visitors play video games at the Xbox stand during 2020 China International Cartoon and Game Expo (CCG Expo) at Shanghai World Expo Exhibition and Convention Center on July 16, 2020 in Shanghai, China. Zhou You | Visual China Group | Getty Images A wave of major companies are suddenly letting people finance everything from video

Passengers use smartphones inside a subway train in Seoul, South Korea, in 2015. Woohae Cho/Bloomberg | Bloomberg | Getty Images SINGAPORE — South Korea’s Kakao Games surged in their Thursday market debut on the Kosdaq, more than doubling from their listing price shortly after trading began. Kakao Games’ shares started trading at 48,000 Korean won

SINGAPORE — Retail investors have been fueling a frenzied buying boom in markets this year, sparking fears that they are driving too much speculation in the market. But Christopher Smart, chief global strategist at Barings Investment Institute, suggested that the risks could be overblown. “It’s something we’ve lived with — through the dotcom bubble and

PeopleImages | E+ | Getty Images It has been more than a month since millions of Americans learned they’d be receiving an extra $300 a week in unemployment benefits, and more than a dozen states have begun issuing the payments. Yet a key question remains for workers: How long will the funding last? There’s not

Zhong Shanshan, the chairman of Nongfu Spring Company, attends the Nongfu Spring new product launch conference on February 1, 2015 in Baishan, Jilin Province of China. Jiang Xin | VCG | Getty Images BEIJING — The public offering of a bottled water giant has propelled its founder into the ranks of the three richest people in

An investor watches the electronic board at a stock exchange hall on November 26, 2018 in Nanjing, Jiangsu Province of China.  VCG via Getty Images BEIJING — In a sign of how murky the Chinese stock markets can still be, some publicly listed companies have disclosed odd instances of “accidental” stock sales in the last

People wait in their cars as they line up to collect unemployment forms in Hialeah, Florida. CHANDAN KHANNA/AFP via Getty Images The official unemployment rate fell to 8.4% in August as businesses continued emerging from broad shutdowns imposed early in the coronavirus pandemic, the Bureau of Labor Statistics reported Friday. That’s the lowest rate since

A Temasek Holdings signage at their office in Singapore. Munshi Ahmed | Bloomberg | Getty Images SINGAPORE — Singapore’s state investment company Temasek said Tuesday the net value of its portfolio fell for the first time since 2016 as the coronavirus pandemic hit global markets. The size of Temasek’s portfolio fell to 306 billion Singapore dollars

The “Fearless Girl” statue stands in front of the New York Stock Exchange (NYSE) at Wall Street on June 29, 2020 in New York City. Angela Weiss | AFP | Getty Images Stocks futures climbed in overnight trading on Monday after technology shares suffered their worst sell-off in more than five months. Futures on the

A Chinese bank employee counts 100-yuan notes and U.S. dollar bills at a bank counter in Nantong in China’s eastern Jiangsu province on August 6, 2019. STR | AFP | Getty Images Increased foreign investment into Chinese markets could boost the usage of the yuan, pushing it to become the third largest reserve currency in

Take a look at some of the biggest movers in the premarket: DocuSign (DOCU) – The provider of electronic signature technology reported quarterly earnings of 17 cents per share, more than doubling the 8 cents a share consensus estimate. Revenue also beat forecasts and DocuSign issued upbeat full-year guidance. Broadcom (AVGO) – Broadcom came in

Jack Dorsey, chief executive officer of Twitter Inc. and Square Inc., speaks during an Empowering Entrepreneurs events at Ryerson University in Toronto, Ontario, Canada, on Tuesday, April 2, 2019. Cole Burston | Bloomberg | Getty Images A remarkable changing of the guard is happening in finance. This week, the market capitalization of fintech payments firm Square exceeded

Jennifer Haynes, a self-employed chef and single mother living in Rancho Cucamonga, Calif., is struggling to make ends meet after unemployment benefits abruptly stopped in July without explanation. Meanwhile, the 42-year-old is the sole provider for twin boys, one of whom has special needs. Jennifer Haynes Jennifer Haynes didn’t just fall through cracks in the

Job creation in August represents continued improvement in the U.S. economy but a full recovery won’t happen until the coronavirus pandemic is under control, Boston Federal Reserve President Eric Rosengren said Friday. Unemployment fell to 8.4% as nonfarm payrolls rose by 13.7 million last month, the Labor Department reported, in numbers that were significantly better

Federal Reserve Chairman Jerome Powell, wearing a face mask, testifies before the House of Representatives Financial Services Committee during a hearing on oversight of the Treasury Department and Federal Reserve response to the outbreak of the coronavirus disease (COVID-19), on Capitol Hill in Washington, U.S., June 30, 2020. Tasos Katopodis | Reuters Interest rates are

Niraj Shah, CEO, Wayfair Ashlee Espinal | CNBC Check out the companies making headlines in midday trading.  Tesla — Tesla shares whipsawed in midday trading, trading higher by 0.5% after falling as much as 8.5% and into bear-market territory earlier in the session. The stock of the electric car maker has come under marked pressure

A pedestrian passes in front of the New York Stock Exchange. Michael Nagle | Bloomberg | Getty Images U.S. stock futures fell on Thursday night following a massive decline sparked by tech shares during regular trading. Dow Jones Industrial Average futures dipped 101  points, or 0.4%. S&P 500 futures were down by 0.4% and Nasdaq

People wait outside a Bank of China branch in Beijing on July 11, 2014. GREG BAKER | AFP | Getty Images Banks in China are likely to record greater declines in profits in the second half of this year as bad loans are set to rise further as a result of the coronavirus pandemic, according