In this article DBSM-SG DBS Group Holdings in the central business district of Singapore. Nicky Loh | Bloomberg | Getty Images SINGAPORE — DBS Group Holdings, the largest bank in Singapore and Southeast Asia, reported on Thursday second-quarter earnings that beat expectations as the economic recovery in its home market takes hold. The bank’s net
Finance
In this article GM LYFT HOOD Omar Marques | LightRocket | Getty Images Check out the companies making headlines in midday trading. Robinhood Markets — Robinhood shares rose in wild trading as the newly public online brokerage zoomed past its IPO price of $38 per share. The brokerage app surpassed its IPO debut volume of
U.S. stock futures fell slightly on Tuesday night after the S&P 500 rose to another fresh record during the regular session. Dow Jones Industrial Average futures fell 33 points, or 0.09%. S&P 500 and Nasdaq 100 futures dipped 0.09% and 0.03%, respectively. A strong earnings season continued after the bell Tuesday with Lyft and Caesars
A ship leaves a container port in the evening in Lianyungang in east China’s Jiangsu province Thursday, July 22, 2021. Feature China | Barcroft Media | Getty Images BEIJING — Chinese companies wanting to go global are running into shipping problems. Access to cheap manufacturing at home gave Chinese businesses an advantage overseas. But it’s
In this article AAL TTWO CLX UAA HOOD People wait in line for t-shirts at a pop-up kiosk for the online brokerage Robinhood along Wall Street after the company went public with an IPO earlier in the day on July 29, 2021 in New York City. Spencer Platt | Getty Images News | Getty Images
The market appears to be doing something that happens ahead of corrections. When the S&P 500, Nasdaq and the CBOE Volatility Index rise together, BTIG’s Julian Emanuel warns it’s often a precursor to a 10% to 15% pullback. “Whenever we’ve seen that going back to the beginning of 2018, we were essentially weeks away from
In this article .STI OCBC-SG UOBH-SG DBSM-SG Aerial view of Singapore’s central business district and bayfront area. BNBB Studio | Moment | Getty Images SINGAPORE — Singapore’s top three banks are due to report second-quarter earnings this week, and investors will be watching for any announcements on dividend payments. Oversea-Chinese Banking Corp and United Overseas
Samuel Corum | Getty Images News | Getty Images States’ early withdrawals from federal unemployment programs in recent weeks are helping Senate lawmakers finance upgrades to the nation’s infrastructure, according to legislative text unveiled Sunday. Twenty-six states, largely Republican, have pulled out of pandemic-era programs since mid-June. The American Rescue Plan offered federal unemployment assistance
The Li One electric car from Li Auto is displayed at the Moonstar Global Harbor shopping mall in Shanghai, China, May 10, 2021. Costfoto | Barcroft Media | Getty Images BEIJING — Deliveries of what is essentially a hybrid electric car from U.S.-listed Li Auto surpassed those of rival start-up Xpeng for a second straight
Jack Dorsey, CEO of Twitter and co-founder & CEO of Square, speaks during the crypto-currency conference Bitcoin 2021 Convention at the Mana Convention Center in Miami, Florida, on June 4, 2021. Marco Bello | AFP | Getty Images Square plans to buy Australian fintech company Afterpay as it looks to expand further into the booming
A customer shops for groceries at La Tapatia Market during a blackout in Napa, California, on Wednesday, Oct. 9, 2019. David Paul Morris | Bloomberg | Getty Images The electric grid in the West is being tested like never before amid extreme-weather events, including raging wildfires and severe droughts fueled by climate change. Utility companies
In this article AMZN SWKS GILD TMUS PINS A worker assembles a box for delivery at the Amazon fulfillment center in Baltimore, Maryland, U.S., April 30, 2019. Clodagh Kilcoyne | Reuters Check out the companies making headlines Thursday after the bell: Amazon — Amazon shares fell more than 6% in after-hours trading after the company reported its first
In this article CPRI HOOD CAT CVX PG XOM Check out the companies making headlines before the bell: Procter & Gamble (PG) – The consumer products giant rose 1.1% in the premarket after it beat estimates by 5 cents with quarterly earnings of $1.13, while revenue beat forecasts as well. P&G did warn of continuing
People exit the headquarters of the U.S. Securities and Exchange Commission (SEC) in Washington, D.C., May 12, 2021. Andrew Kelly | Reuters The Securities and Exchange Commission said Friday it will now require additional disclosures from Chinese companies seeking a listing on U.S. stock exchanges, following Beijing’s intensified crackdown on oversea share issuance. “In light of
In this article AMZN TXRH GILD PG PVH HOOD In this photo illustration an Amazon logo is displayed on a smartphone with stock market percentages in the background. SOPA Images | LightRocket | Getty Images Check out the companies making headlines in midday trading. Amazon — Amazon shares fell 6.5% after the tech giant’s second-quarter
Investors watch the stock market in a securities business hall in Fuyang City, Anhui province, China, Dec. 31, 2020. Costfoto | Barcroft Media | Getty Images BEIJING — Investors bought into Chinese stocks in the last week, despite mounting concerns about harsh regulation, according to fund research firm EPFR Global. A slew of new Chinese
In this article @DJ.1 @ND.1 @SP.1 AMZN Matteo Colombo | DigitalVision | Getty Images Futures contracts tied to the major U.S. stock indexes traded mixed at the start of the overnight session Thursday evening as a soft earnings report from Amazon threatened to curb Wall Street’s otherwise strong July on the month’s final day of
In this article HLT 9984.T-JP DIDI YUM Hilton Worldwide Holdings Inc. signage is displayed outside one of the company’s hotel locations in San Francisco. David Paul Morris | Bloobmerg | Getty Images Check out the companies making headlines in midday trading. Zoom Video — Shares of the teleconferencing company jumped nearly 5.5% after KeyBanc upgraded
In this article OCBC-SG UOBH-SG DBSM-SG Automated teller machines of the three Singapore-listed banks: OCBC, DBS and UOB. Munshi Ahmed | Bloomberg | Getty Images SINGAPORE — Shares of Singapore’s top three banks rose Thursday after the country’s financial regulator lifted a cap on dividend payouts that was implemented following the Covid-19 pandemic. Singapore’s largest
Photo Illustration by Pavlo Gonchar SOPA Images | LightRocket | Getty Images Robinhood, whose stock trading app has surged in popularity among retail investors, sold shares in its IPO at $38 a piece, according to a person familiar with the matter. That values the company at about $32 billion. Ahead of its Nasdaq debut on