Asian shares experienced a mostly negative day in the stock market today, with Hong Kong's Hang Seng dropping 2.4% to 16,940.09 and the Shanghai Composite falling 0.5% to 3,022.08. The decline was primarily driven by heavy selling of Chinese technology and property shares, overshadowing the positive impact of a...
Business
Investors shifted their focus to an OPEC+ meeting, leading to a rise in oil prices with support from Black Sea shutdowns.
NXTP has successfully concluded its largest fund, NXTP III, raising an impressive $98 million to provide crucial investment for early-stage B2B startups throughout Mexico and Latin America.
After the UAW strikes, General Motors (GM) has decided to initiate a $10 billion buyback, increase its dividend, and reinstate its 2023 guidance, which it had previously withdrawn due to the volatility caused by the UAW negotiations and labor strikes, as stated in its third-quarter earnings report on October...
Renowned economist Nouriel Roubini, famously known as 'Dr Doom', forewarns that the market is on the brink of a perilous era, posing a colossal threat. He predicts investors will face massive losses amounting to trillions, emphasizing that this ongoing bloodbath shows no signs of abating. Roubini firmly believes that...
During a CNBC panel at Abu Dhabi Finance Week, Ray Dalio, the founder of Bridgewater Associates, praised the "renaissance states" in the Gulf region, particularly highlighting the United Arab Emirates, amid a time of increased global disorder.
Jamey Tesler, previously in charge of transportation, is now leading a startup initiative as he receives the keys to the project. In addition, The Boston Globe reports on the long-awaited business partnership between Panera and ezCater.
Asian shares were a mixed bag today as investors awaited updates on inflation and consumer confidence in the US, with Tokyo and Hong Kong experiencing a decline while Shanghai, Seoul, and Sydney saw gains. The Conference Board is set to release an update on consumer confidence later today, which...
As investors eagerly awaited further policy cues and a key inflation reading, Wall Street opened with muted activity on Monday. The focus shifted towards retailers as Cyber Monday deals fueled the momentum of holiday shopping. Meanwhile, the market anticipated commentary from Federal Reserve policymakers later in the week.
According to the commerce ministry, October's customs-based exports experienced a growth of 8.0% year-on-year, marking the third consecutive month of increase, but falling short of the forecasted expectations.
