Signage at the Intercontinental Shanghai Wonderland Hotel, developed by Shimao Group Holdings, in Shanghai, China, on Feb. 9, 2022. Qilai Shen | Bloomberg | Getty Images BEIJING — Moody’s downgraded Chinese property developer Shimao Group Holdings on Wednesday based on expectations that the company will find it harder to repay investors on time. The move
Finance
U.S. stock futures were little changed Wednesday evening after the Dow Jones Industrial Average closed at its lowest level of the year amid escalating tensions between Russia and Ukraine. Dow futures rose 0.08%, while futures tied to the S&P 500 were unchanged and Nasdaq 100 futures added 0.01%. In the regular trading session, the Dow
In this article BTC.CM= Bitcoin on a mound of gold. bodnarchuk | iStock Editorial | Getty Images A key investment case for bitcoin is deteriorating as geopolitical uncertainty and rising inflation hammer cryptocurrency prices. The price of bitcoin fell to a two-week low Tuesday after Russian President Vladimir Putin ordered troops into Donetsk and Luhansk,
In this article GS David Solomon, chief executive officer of Goldman Sachs & Co., speaks during the Milken Institute Global Conference in Beverly Hills, California, U.S., on Monday, April 29, 2019. Kyle Grillot | Bloomberg | Getty Images Goldman Sachs‘ shift toward the steadier segments of the banking industry is working, even if that success
Fog shrouds the Canary Wharf business district including global financial institutions Citigroup Inc., State Street Corp., Barclays Plc, HSBC Holdings Plc and the commercial office block No. 1 Canada Square, on the Isle of Dogs on November 05, 2020 in London, England. Dan Kitwood | Getty Images News | Getty Images LONDON — Barclays on
In this article SOFI HD M TPX MDT HMHC Check out the companies making headlines before the bell: Home Depot (HD) – The home improvement retailer’s stock rose 1% in the premarket after its quarterly profit and revenue beat Wall Street forecasts. Home Depot earned $3.21 per share, 3 cents above estimates, and comparable-store sales
U.S. stock market futures were modestly higher in overnight trading Tuesday after the S&P 500 closed in correction territory amid escalating tensions between Russia and Ukraine. Futures contracts tied to the Dow Jones Industrial Average advanced 85 points. S&P 500 futures gained 0.35%, while Nasdaq 100 futures rose 0.5%. During regular trading the Dow fell
In this article SOFI TPX HD People shop at a home improvement store in Bethesda, Maryland, on February 17, 2022. Mandel Ngan | AFP | Getty Images Check out the companies making headlines in midday trading Tuesday. Home Depot — Shares of the home improvement retailer fell 8.6% with the broader market sell-off, despite the
Geri Lavrov | Moment | Getty Images More than half of unemployed men in their 30s have criminal records — a dynamic with implications for hiring practices and ongoing challenges finding workers during the pandemic-era labor crunch, according to research published by economists at RAND Corp. About 6% of men at age 35 are unemployed,
A worker in a dust-proof suit controls an LED epitaxy chip production line at a semiconductor workshop in Nanchang, Jiangxi Province, on Jan. 26, 2022. Future Publishing | Future Publishing | Getty Images BEIJING — China will cut taxes and fees on a greater scale this year, while focusing on supporting the nation’s tech development,
The Roku 3 television streaming player menu is shown on a television in Los Angeles, California, U.S., on Thursday, Sept. 12, 2013. Patrick T. Fallon | Bloomberg via Getty Images Check out the companies making headlines after the bell: Roku — Shares of video-streaming company dropped 12% in extended trading after the firm’s fourth-quarter revenue missed
Traders on the floor of the NYSE, Feb. 17, 2022. Source: NYSE Stock futures were flat in overnight trading Thursday following the Dow Jones Industrial Average’s worst day of 2022 as investors dumped risk assets amid geopolitical concerns. Futures on the blue-chip Dow were up by 30 point. S&P 500 futures and Nasdaq 100 futures