wall street

 
 

Stock markets shrug off opening salvos in trade war

LONDON, June 22 — World stock market rose today, seemingly unworried by a global trade war that got underway when Brussels slapped retaliatory tariffs on the United States. Oil prices continued to rise after the Organisation of the Petroleum…


Asian shares flirt with six-month lows as signs of tariff effects appear

TOKYO, June 22 — Asian shares were under pressure today on signs US trade battles with China and many other countries are starting to chip away at corporate profits, with oil prices choppy ahead of major producers meeting to discuss raising…


Xiaomi lowers target as it kicks off IPO

HONG KONG: Chinese smartphone maker Xiaomi kicked off its initial public offering yesterday but the firm is likely to pull in about US$6.1 billion, far less than originally expected, with investors having mixed views about its main business. Xiaomi had hoped to raise US$10 billion with the Hong Kong IPO, making it the biggest since […]


M&A ‘mega deal’ frenzy evokes 1999 tech boom and bust

LONDON: By some measures, the global merger and acquisition frenzy has never been greater, fuelled by ‘TMT’ mega deals that are drawing comparisons with the late 1990s boom and spectacular bust. This is understandably unnerving many investors, given how mature the economic cycle and equity bull markets are right now. The US economic expansion is […]


Asian shares subdued amid lull in trade spat, oil eases into Opec

SYDNEY, June 21 — Asian shares were subdued today as a lull in the Sino-US trade tussle helped calm nerves enough for the Nasdaq to reach a record high, while tensions in the oil market grew ahead of an Opec meeting that may expand crude supply….


Wall Street advances as media stocks gain; Nasdaq hits record

NEW YORK, June 20 — Technology and media stocks pushed Wall Street higher today and helped the Nasdaq hit a record high, as markets eyed a recovery after being battered by a rapidly escalating China-US trade tensions. Twenty-First Century Fox…


Starbucks to close 150 US cafes to combat slowing growth

NEW YORK, June 19 — Starbucks Corp yesterday said it would close 150 cafes in some saturated US markets and warned comparable sales globally this quarter would miss Wall Street expectations, sending shares down 3 per cent after hours. The world's…


Trade fears rattle Wall Street, Dow gives up 2018 gains

NEW YORK, June 20 — US stocks fell yesterday as a sharp escalation in the trade dispute between the United States and China rattled markets and put the Dow Jones Industrial Average back in negative territory for the year. President Donald Trump…


US stocks tumble on latest Trump-China trade threats

NEW YORK, June 19 — Wall Street stocks tumbled in opening trading today as fresh tariff threats by the United States and China against each other exacerbated trade war fears. About 10 minutes into trading, the Dow Jones Industrial Average was down…


Pantera's 19-year-old whiz kid hired by Coinbase founder's fund

SAN FRANCISCO, June 19 — In the cryptocurrency world, if you haven’t made partner before you turn 20, what are you doing with your life? Charles Noyes, an Orange County, California, native who left high school early in 2016 to attend…