Leaders from major U.S. companies, including banks and tech giants, have formed a group aimed at increasing the hiring of individuals from minority communities in New York. The New York…
Category: Business
S&P 500 futures hit record high on stimulus bets
Futures tracking the S&P 500 index hit a record high on Tuesday as investors shrugged off simmering U.S.-China tensions to bet on a stimulus-led economic recovery from the COVID-19 pandemic.…
Hong Kong goods for export to U.S. to be labelled made in China
Goods made in Hong Kong for export to the United States will need to be labelled as made in China after Sept. 25, according to a U.S. government notice posted…
SoftBank touts Vision Fund gains, ditches operating profit as yardstick
SoftBank Group Corp broke with tradition on Tuesday and declined to disclose operating profit in its quarterly results, saying the measure was “not useful” to gauge performance, and instead pointed…
WeChat U.S. ban worries to cloud Tencent results as investors seek clarity
China’s Tencent Holdings will be under pressure to address concerns on the impact of a U.S. ban on WeChat-related transactions and outline its plans to mitigate any fallout as it…
Support for arrested owner drives Next Digital shares, watchdog urges caution
Hong Kong’s markets watchdog urged investors to “exercise extreme caution” after shares of Next Digital Ltd (0282.HK) rose more than 2,000% to a 12-year high, spurred by an online campaign…
Stocks off highs on stimulus concern; gold, silver tumble
A gauge of global equity markets ended little changed on Tuesday, hamstrung by a late sell-off on Wall Street prompted by mounting uncertainty about more fiscal stimulus. U.S. stocks retreated…