INGAPORE — Shares in Asia-Pacific closed higher on Tuesday, with tech stocks in the region jumping following similar gains overnight for their counterparts on Wall Street. In mainland China, the Shanghai composite edged 0.7% higher to close at 3,593.15,...
The Securities and Exchange Commission said online brokerages, enticed to increase revenue through the controversial industry practice of payment for order flow, are turning stock-trading into a game in order to encourage activity from retail investors. Wall Street’s main...
LONDON — Russia has opted against sending more natural gas supplies to Europe, curbing hopes that Moscow may ease its grip on the market shortly after President Vladimir Putin said the country would be prepared to help. Highly anticipated...
BEIJING — China’s third-quarter GDP grew a disappointing 4.9% as industrial activity rose less than expected in September. The National Bureau of Statistics said Monday that gross domestic product grew 4.9% in the third quarter from a year ago....
Facebook is planning to hire 10,000 people in the European Union to develop a so-called metaverse. A metaverse is an online world where people can game, work and communicate in a virtual environment, often using VR headsets.
The fallout in China’s property sector is showing no signs of abating, as more developers face the threat of default — even as uncertainty over the fate of heavily indebted Evergrande looms. All eyes will be on Chinese real...
China may have to set aside its ambitious plans to cut carbon emissions — at least in the short term — in order to tide over its worsening power crisis, said analysts. “Like other markets in Asia and Europe,...
What’s happening The number of Americans quitting their jobs has hit record highs over the past several months in a phenomenon economists have been calling the “Great Resignation.” In August, 4.3 million U.S. workers — almost 3 percent of the entire...
Social Capital founder and CEO Chamath Palihapitiya became synonymous with SPACs amid the swath of blank-check deals on Wall Street over the last few years. In 2020 alone, SPACs, or special purpose acquisition companies, raised more than $83 billion,...
Rising inflationary pressures and a job market still recovering from the pandemic are not weighing on Wall Street’s frenzy for mergers and acquisitions, as banks reported blowout earnings. Four giant U.S. banks said this week they had record quarters...
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