Finance

The Ant Group Co. logo is displayed at the company’s headquarters in Hangzhou, China, on Monday, Sept. 28, 2020. Qilai Shen | Bloomberg | Getty Images GUANGZHOU, China — Ant Group will close its Hong Kong institutional book building process a day earlier than expected due to strong demand for its record initial public offering
0 Comments
Stocks rose on Friday to end their best week in months as President Donald Trump signaled support for a bigger coronavirus aid package.  The Dow Jones Industrial Average closed 161.39 points higher, or 0.6%, at 28,586.90. The S&P 500 gained climbed 0.9% to 3,477.13. The Nasdaq Composite advanced 1.4% to close at 11,579.94. Microsoft and Salesforce led
0 Comments
President Donald Trump addresses the U.S. public after being hospitalized at Walter Reed. October 3, 2020. The White House Stock futures rose early Monday as investors brace for another volatile week with President Donald Trump’s hospitalization adding more uncertainty to the market outlook ahead of Election Day.  Futures on the Dow Jones Industrial Average pointed
0 Comments
Tesla vehicles are displayed in a Manhattan dealership on September 08, 2020 in New York City. Spencer Platt | Getty Images Check out the companies making headlines in midday trading: Bristol-Myers Squibb — Shares of the pharmaceutical company rose 1.2% after it announced positive interim results from a phase three trial of an immunotherapy drug
0 Comments
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 — Multiple publicly listed Chinese companies have disclosed odd instances of “accidental” stock sales in the last few weeks. For example, Shenzhen Changfang, a manufacturer of light-emitting diode (LED) products,
0 Comments
Popular trading platform Robinhood is under investigation related to its disclosures around its practice of selling clients’ orders to high-frequency traders, the Wall Street Journal reported Wednesday. The Securities and Exchange Commission’s probe into the Silicon Valley start-up is at an advanced stage and could result in a fine of more than $10 million if the company
0 Comments
Dow Jones Industrial Average rises 161 points Dow positive for 2020 The 30-stock average joined the S&P 500 and Nasdaq as it clawed its way back into positive territory for the year. “To some extent, this is psychologically positive for the market,” Randy Frederick, vice president of trading and derivatives at Charles Schwab. Those gains came after the
0 Comments
Sales associates at one of Alibaba-owned InTime’s store display products for sale during a livestream. InTime | Alibaba BEIJING — More and more people in China are turning to jobs in the digital economy as the coronavirus pandemic accelerates a shift toward online commerce and livestreaming. The unemployment rate for cities held steady at 5.7% in July,
0 Comments
The U.S. economy will face great risk if lawmakers do not step up and stave off a looming, far-reaching eviction crisis, an economist with mortgage aggregator LendingTree told CNBC on Friday. With eviction moratoriums lifting across the country, landlords could eventually default on mortgages and the coronavirus pandemic could worsen in the country if tens
0 Comments
U.S. stocks rose on Monday with the major tech names outperforming as investors braced for a big week of corporate earnings and lawmakers continued coronavirus stimulus negotiations. The Dow Jones Industrial Average gained 79 points, or 0.3%. The S&P 500 traded 0.5% higher and the Nasdaq Composite outperformed, climbing 1.1%.  Apple climbed 1.8%. Other tech-related stocks, including Facebook,
0 Comments
Check out the companies making headlines after the bell:  Snap — The social media company’s stock fell 5% in extended trading after itreleased its second-quarter financial results. The company reported a loss of 9 cents per share, in line with Refinitiv analysts’ estimate, and revenues of $454 million, compared to analysts’ estimate of $439.1 million. Snap’s net loss
0 Comments