PDD’s $55 billion stock crash sends warning to Chinese economy
(Bloomberg) — One of the last bright spots for Chinese consumption is fading rapidly as the country’s economic crisis leads to declining demand for even the lightest goods. Most read by Bloomberg In the latest warning to global markets about…
Nvidia’s multimillionaire employees work until 2 a.m., 7 days a week in “golden handcuffs” | Trends
Employees at Nvidia Corp., led by billionaire co-founder and CEO Jensen Huang, work in a stressful and grueling work environment that leaves them little time to enjoy the high salary the graphics chip maker pays them, a report says. Jensen…
Asian stocks to fall as technology sweeps Wall Street: Markets Wrap
(Bloomberg) — Asian stocks were likely to come under pressure on Tuesday after technology stocks dragged Wall Street lower as traders repositioned ahead of Nvidia Corp.’s earnings release later this week. Most read by Bloomberg Stock futures fell in Japan…
Asian stocks rise as investors anticipate rate cuts: Markets Wrap
(Bloomberg) — Asian stocks rose in the third session and the yen strengthened to a three-week high as the prospect of impending interest rate cuts from the U.S. Federal Reserve boosted sentiment. Most read by Bloomberg Share prices in Australia…
Sale of a penthouse worth $12 million in Singapore fails after three auctions
A person looks at buildings in Singapore, Saturday, Feb. 17, 2024. Photographer: SeongJoon Cho/Bloomberg (Bloomberg) By Low De Wei (Bloomberg) — A luxury penthouse in Singapore used to be one of the city’s most coveted properties, but that’s all over…
Canadian labor office orders return of railway workers
(Bloomberg) — An independent court in Canada has ordered workers at the country’s two largest railroad companies to return to work and participate in binding arbitration to resolve a dispute that has roiled North American supply chains. Most read by…
Interview with OKYO Pharma CEO to air on Bloomberg TV
LONDON and NEW YORK, Aug. 23, 2024 (GLOBE NEWSWIRE) — OKYO Pharma Limited (NASDAQ: OKYO), a clinical-stage biopharmaceutical company developing innovative ocular therapies to treat inflammatory dry eye disease (DED), a multi-billion dollar market, and anterior segment diseases including neuropathic…
Stocks rise after Powell steps into the spotlight: Markets Wrap
(Bloomberg) — Stocks rebounded as the bond market stabilized, and traders looked to Jerome Powell for clues about how quickly and how far the Federal Reserve will cut interest rates. Most read by Bloomberg Stocks rose in early New York…
Stocks under pressure ahead of Powell as yen rises: Markets Wrap
(Bloomberg) — The yen rose and Asian stock indexes fell ahead of Jerome Powell’s comments later Friday. Most read by Bloomberg The Japanese currency gained as investors analyzed comments on the foreign exchange market from Bank of Japan Governor Kazuo…
Stocks rise on average jobless claims: Market overview
(Bloomberg) — Stocks rose after the latest unemployment data showed that the labor market is cooling gradually rather than slowing rapidly due to the Federal Reserve’s increased interest rates. Most read by Bloomberg Ahead of Jerome Powell’s speech in Jackson…
