Oil price holds near January low as concerns about global demand grow
(Bloomberg) — Oil prices stabilized near their lowest close since January as concerns about a slowing U.S. economy outweighed a boost from falling inventories. Most read by Bloomberg Brent was trading around $76 a barrel after a four-day slump, with…
Technology stocks and China drag emerging markets down, recovery stagnates
(Bloomberg) — Emerging market stocks were headed for their biggest decline since the Aug. 5 global recession as China’s economic woes and upcoming risks, including the Federal Reserve’s Jackson Hole meeting and Nvidia Corp.’s (NVDA) earnings, kept investors cautious. Most…
JD.com leads losses in Chinese tech stocks after sale of Walmart shares
(Bloomberg) — Shares of Chinese technology companies slumped on concerns about the country’s consumption outlook after Walmart Inc. agreed to sell its stake in JD.com Inc. and major players reported weak earnings. Most read by Bloomberg The Hang Seng Tech…
The world’s largest gambling stock benefits from online hype in the Philippines
(Bloomberg) — The world’s hottest gambling stock is benefiting from strong demand for online betting in the Philippines, even as the industry faces increasing global scrutiny. Most read by Bloomberg DigiPlus Interactive Corp. shares have risen 145% so far this…
Walmart aims to raise up to $3.74 billion by selling its JD.com shares
(Bloomberg) — Walmart Inc. is seeking to raise as much as $3.74 billion by selling its stake in Chinese e-commerce company JD.com Inc., ending an eight-year partnership in a key retail sector currently plagued by an economic downturn and intense…
JD.com drags China’s tech stocks down over Walmart’s planned exit
(Bloomberg) — Shares of Chinese technology companies slumped early Wednesday after a series of negative news from the country’s consumer sector rocked U.S.-traded shares of comparable companies. Most read by Bloomberg The Hang Seng Tech Index fell 2.8% at the…
Asian stocks fall as US rally takes a breather: Markets Wrap
(Bloomberg) — Stocks in Asia fell after a rally on Wall Street stalled within striking distance of its all-time highs. Most read by Bloomberg Shares fell in Japan, Australia and South Korea after the U.S. index edged lower following an…
Citadel snaps up Goldman technology chief in latest Wall Street poaching
(Bloomberg) — Atte Lahtiranta, chief technology officer of Goldman Sachs Group Inc., is making the now-familiar move from the Wall Street bank to Citadel, Ken Griffin’s hedge fund. Most read by Bloomberg Citadel hired Lahtiranta to lead its core engineering…
Asian stocks mirror Wall Street’s rise on Fed bets: Markets Wrap
(Bloomberg) — Asian stocks rose following a lively session on Wall Street amid speculation that the U.S. Federal Reserve could soon signal it is ready to cut interest rates. Most read by Bloomberg The MSCI ACWI index, which tracks both…
New to The Street TV signs 12-part media series with
NEW YORK, Aug. 19, 2024 (GLOBE NEWSWIRE) — FMW Media Works Corps’ New to The Street will Innovative MedTech, Inc. (OTC: IMTH) ($IMTH) (“Company”) on its nationally sponsored television programs. The series will follow the Company’s health and wellness services…
