Business Mar 10, 2021
Shares of the U.S. video game retailer climbed 27% to $246.90, extending its winning streak for a fifth day.
Business / Financial Markets Feb 24, 2021
Tokyo stocks fall back on tech sell-off, sending Nikkei below 30,000
Tokyo stocks turned down Wednesday on profit-taking particularly hitting hard technology-oriented shares, forcing the benchmark Nikkei average to close below 30,000 for the first time in seven market days. The 225-issue Nikkei average sank 484.33 points, or 1.61%, to close at 29,671.70, taking a downturn ...
Business / Financial Markets Jan 27, 2021
Short sellers crushed like never before as retail army charges in
Following a more than 350% surge this year alone, one hedge fund has already endured big losses on its bearish bet against the consumer electronics firm Gamestop.
Commentary / World Dec 6, 2020
Is Wall Street ready to work on China time?
by Shuli Ren
Many of the Chinese blue-chips have secondary listings in Hong Kong so stockholders should hold on to their shares because that’s how they can continue to chase the China dream.
Commentary / World Dec 2, 2020
What Bitcoin's new record means for Wall Street
by Lionel Laurent
Bitcoin won’t be viewed as an existential threat to the banking system just because its price is soaring. But it won’t be ignored either.
Commentary / World Sep 16, 2020
Wall Street fears a U.S. election with no clear winner
by Jared Dillian
As it pertains to markets, it is less about the outcome of the election and more about the process.
Business Sep 11, 2020
First woman to head top bank shows how Wall Street is playing catch-up
Citigroup Inc.'s appointment of Jane Fraser as its next chief executive on Thursday was celebrated on Wall Street as the first woman to lead one of the top U.S. banks. Yet this is a glass ceiling that corporate America shattered decades ago. It was 1972 ...
Business Feb 13, 2020
Robot analysts outwit humans on investment picks over long run, study shows
by Vildana Hajric
They beat us at chess and trivia, supplant jobs by the thousands, and are about to be let loose on highways and roads as chauffeurs and couriers. Now, fresh signs of robot supremacy are emerging on Wall Street in the form of machine stock analysts ...
Business / Financial Markets Feb 5, 2020
Wall Street surges as China financial measures soothe virus worries
The Nasdaq hit a record high on Tuesday and the S&P 500 headed for its biggest one-day gain in about six months as fears of a heavy economic impact from the coronavirus outbreak waned after China's central bank intervened. The Dow was on pace for ...
Business / Financial Markets Nov 26, 2019
Each of Wall Street's three major averages kicked off the trading week by closing at records on Monday as signs pointed to progress between the United States and China on a trade truce, while a round of merger deals also helped buoy sentiment. A Chinese ...
Business Jul 25, 2019
Private equity has directly killed 600,000 U.S. retail jobs, study says
Amazon.com Inc., landlords who charge sky-high rents, brands that fail to adapt. The carnage in the retail industry has been blamed on all of them. Now Wall Street is too. Over the past decade, 597,000 U.S. employees working for retailers owned by private equity firms ...
World / Politics Jun 25, 2019
Candidate Bernie Sanders calls for canceling $1.6 trillion in student loan debt
U.S. presidential contender Bernie Sanders proposed a plan on Monday to cancel $1.6 trillion in student loans and pay for it with a tax on Wall Street, elevating the issue in the 2020 debate and going beyond proposals from his Democratic White House rivals. Sanders, ...