Breaking News: Markets

BUSINESS

Asia markets fall amid unrest in China over Covid restrictions

Other currencies also at risk due to China unrest: Standard Chartered Global currencies will also be at risk of weakening along with the offshore Chinese yuan amid unrest in China on its zero-Covid policies because of how supply chains may be affected, according to Standard Chartered. “The key question for how the world reacts is […]

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BUSINESS

Apple, Manchester United, Activision Blizzard and more

Microsoft logo is seen on a smartphone placed on displayed Activision Blizzard logo in this illustration taken January 18, 2022. Dado Ruvic | Reuters Check out the companies making headlines in midday trading Friday. Apple — Apple’s stock shed 2% on Friday after protests occurred at the iPhone maker’s major Foxconn supplier in China earlier […]

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BUSINESS

Dow rises 150 points as Wall Street looks to close out winning week

The Dow Jones Industrial Average rose Friday as Wall Street pushed for solid gains during the holiday-shortened trading week. The Dow Jones Industrial Average rose 173 points, or 0.51%. The S&P 500 gained 0.11% and the Nasdaq Composite slipped 0.34%, weighed down by shares of Activision Blizzard, which fell more than 4% on news that […]

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BUSINESS

Asia-Pacific stocks mostly lower, Tokyo inflation at highest in 40 years; U.S. markets closed

Hong Kong movers: Casinos, technology stocks drop on rising China case numbers Hong Kong-listed stocks related to reopening and technology fell in Asia’s morning session following reports of a surge of Covid cases in China. Shares of casino operator MGM China fell more than 4%, Wynn Macau lost 2.5%, Sands China fell 3%, and SJM […]

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BUSINESS

Stock futures tick higher on Tuesday morning

Stock futures rose slightly Tuesday morning as worries over Covid cases in China kept investor sentiment in check. Futures tied to the Dow Jones Industrial Average climbed 59 points, or 0.17%. S&P 500 futures were 0.15% higher, while Nasdaq 100 futures advanced 0.03%. China saw its first deaths in the mainland from Covid since May […]

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BUSINESS

Hong Kong stocks lead losses as China Covid cases rise; Asia markets mixed

JD.com shares drop after company cuts senior management pay Hong Kong-listed shares of JD.com traded more than 5% lower in the afternoon after the company confirmed pay cuts of its senior management team. The Chinese e-commerce giant confirmed that it will slash the cash salaries of its senior management team by up to 20%, effective […]

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BUSINESS

Futures trade mixed as investors assess the prospect of higher interest rates

Traders on the floor of the NYSE Source: NYSE Futures were mixed early Friday morning as investors continued evaluating earnings reports and tougher language from Federal Reserve speakers. Futures tied to the Dow Jones Industrial Average inched downward by 34 points, or 0.1%. The S&P 500’s futures traded near flat, while Nasdaq-100 futures ticked up […]

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BUSINESS

Japan sees core inflation at highest in 40 years as Asia-Pacific stocks rise

Philippines central bank expects economy to see “low growth” next year, not a recession Central bank governor Felipe Medalla of Bangko Sentral ng Pilipinas (BSP) said the economy is expected to see “low growth” of under 5%, not a recession, next year. Speaking to CNBC’s Sri Jegarajah in an interview, he said the central bank […]

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BUSINESS

Stock futures fall as investors weigh cross currents of latest earnings

Stock futures fell Thursday as investors responded to the latest batch of quarterly results and awaited a slew of Federal Reserve speakers. Futures tied to the Dow Jones Industrial Average dipped 260 points, or 0.8%. S&P 500 futures slipped 0.9%, while Nasdaq 100 futures also fell 0.9%. Retailer Bath & Body Works jumped more than […]

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BUSINESS

FTX users may be cashing of bankrupt crypto exchange through a Bahamas loophole

Sam Bankman-Fried, CEO of cryptocurrency exchange FTX, at the Bitcoin 2021 conference in Miami, Florida, on June 5, 2021. Eva Marie Uzcategui | Bloomberg | Getty Images Some FTX users appear to have found a way to move money off of the exchange through a back door in the Bahamas. Analysis by data firm Argus […]

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