US stocks ended a choppy session lower on Monday as investors grew more nervous ahead of the third-quarter earnings reporting season. Supply chain problems and higher costs for energy and other things have fueled concern about earnings, set to kick off with JPMorgan Chase results on Wednesday. Indexes reversed early gains, and JPMorgan shares were […]
Wall Street stocks finished lower on Friday and cut into the week’s gains, after the US government reported disappointing hiring data in September, even as the unemployment rate edged downwards. The United States added only 194,000 jobs last month, less than half the number expected by analysts due to declining public sector staffing and lacklustre […]
MENA, Sep 11, 2021 – (ACN Newswire via SEAPRWire.com) – A clear, unambiguous, and widely communicated AI strategy is critical to the successful transformation of any IT organization; especially in this new normal. Pandemic or no pandemic – MENA had already witnessed an unprecedented adoption of AI over the past few years, and it continues […]
Wall Street ended lower on Wednesday, spooked by worries that the Delta coronavirus variant could blunt the US economy’s recovery and on uncertainty about when the Federal Reserve may pull back its accommodative policies. Apple and Facebook fell about 1 percent after helping push the Nasdaq to record highs in the previous session. The dips […]
The prosecution launched into its opening statement in the trial of Theranos founder Elizabeth Holmes on Wednesday on federal fraud charges against the former Silicon Valley star accused of lying about her now-defunct blood-testing startup once valued at US$9 billion. “This is a case about fraud – about lying and cheating to get money,” Robert […]
Hong Kong shares posted healthy gains for a second day on Tuesday as heavyweight tech shares soared, while other markets in the region also headed north on the lead of Wall Street. The Hang Seng Index started more than 300 points higher and was buoyant through the day. It finished up 618 points, or 2.5 […]
Wall Street’s main indexes slid on Wednesday, with the S&P 500 falling over one percent, after the release of minutes from the Federal Reserve’s policy meeting last month showed officials felt the employment benchmark for decreasing support for the economy “could be reached this year”. Stocks accelerated their declines late in the session, pushing the […]
Warren Buffett’s Berkshire Hathaway on Saturday said many of its businesses are enjoying strong recoveries from the early depths of the coronavirus pandemic, fueling rebounds in profits and revenue. The company Buffett has run since 1965 also signaled the billionaire’s confidence in its future by repurchasing US$6 billion of its own shares in the second […]
US stock markets ended lower on Friday, weighed down by declines in Amazon, Apple and other heavyweight technology stocks, while investors worried about a rise in coronavirus cases tied to the highly contagious Delta variant. On Thursday, Los Angeles County said it would reimpose its mask mandate this weekend. On Friday, public health officials said […]
The S&P 500 ended with a gain after briefly hitting an intra-day record in a choppy session on Wednesday, as investors balanced worries about inflation with reassuring comments from Fed Chair Jerome Powell. US monetary policy will offer “powerful support” to the economy “until the recovery is complete,” Powell told a congressional hearing in remarks […]
Regional markets rallied on Monday after Beijing eased bank reserve requirements to prop up the economy and Wall Street logged another record high. In Hong Kong, the Hang Seng Index started the week higher and rose as many as 396 points before giving back some of the gains to finish 170 points, or 0.6 percent […]
The Nasdaq ended at a record high on Tuesday, lifted by Amazon, Microsoft and other top-shelf tech companies as investors shifted their focus to growth stocks. Microsoft rose 1.1 percent and its stock market value briefly breached us$2 trillion for the first time, while Apple, Facebook and Amazon also rallied more than 1 percent each. […]
Singapore, June 17, 2021 – (ACN Newswire via SEAPRWire.com) – Anacle Systems Limited (“Anacle“) has been selected by Thailand’s Charoen Pokphand Group (“CP Group”) after a rigorous vendor selection process to implement Simplicity® Commercial Real Estate Management (CommREM) solution for the Lotus’s subsidiary. Lotus’s currently operates the largest retail chain in Thailand, with more than […]
Boeing said on Friday it was working to address questions about its 787 Dreamliner from US regulators after The Wall Street Journal reported the company had again halted deliveries of the jet. A Boeing spokesperson said there was no impact on 787 planes already in service. With approval from the Federal Aviation Administration (FAA), Boeing […]
Wall Street ended lower on Monday, weighed down by tech shares as signs of growing inflation worried investors about the potential for tighter monetary policy. Of the 11 major S&P sectors that declined, technology , utilities and communication services were the biggest losers, each down between 0.7% and 0.9%. “What is causing the decline, no […]
The Hang Seng Index closed in positive territory on Thursday along with most other markets in the region, after Wall Street reversed course from two days of losses sparked by Covid worries. The local benchmark opened higher but briefly dipped just into the red, before climbing back up to end 133 points, 0.5 percent, higher […]
2021-04-21 HKT 10:00″ title=”The Hank Seng Index was down by about 1.5 percent in early trading. Photo: RTHK”> The Hank Seng Index was down by about 1.5 percent in early trading. Photo: RTHK Hong Kong stocks fell sharply at the opening of trading on Wednesday as US equities fell further from their record highs overnight. […]
2021-03-03 HKT 09:45″ title=”Investors are concerned about a possible stock price bubble. Photo: RTHK”> Investors are concerned about a possible stock price bubble. Photo: RTHK Hong Kong stocks opened slightly higher on Wednesday morning following the previous day’s drop but investors remain on edge over warnings of a bubble in financial markets and the possibility […]
2021-03-01 HKT 16:41″ title=”Asian markets bounce back to end in positive territory. Image: Shutterstock”> Asian markets bounce back to end in positive territory. Image: Shutterstock Local shares headed north along with their peers in the region on Monday, overcoming market jitters sparked by concerns about interest rates and stimulus. Investors shifted their focus back to […]
2021-02-22 HKT 09:38″ title=”Investor sentiment was boosted by positive news about vaccine rollouts. Photo: RTHK”> Investor sentiment was boosted by positive news about vaccine rollouts. Photo: RTHK Hong Kong stocks opened more than one percent higher on Monday morning, rebounding from last week’s selling, as traders welcomed more good news on the vaccine front. The […]