The technology-heavy Nasdaq led Wall Street lower on Thursday as a rotation out of richly valued stocks into underpriced sectors added to pressure from quarter-end rebalancing by institutional investors.
Part of the reason why U.S. stocks are struggling for a second straight week may be quarter- and month-end rebalancing by pension funds, which could also keep pressure on equities through the end of March next week.
WASHINGTON :Top Federal Reserve officials continued a barnstorming effort on Thursday to tell investors and the public at large that the U.S. central bank's expansive support for the economy will stay in place until an accelerating recovery reaches all levels of American society and is effectively ...
The U.S. Senate on Thursday voted to extend the COVID-19 pandemic Paycheck Protection Program (PPP) until the end of May, giving small businesses more time to apply and the government more time to process requests.
NEW DELHI: India's technology minister on Thursday said video streaming services have to be "responsible and accountable" for their shows and movies, defending rules introduced last month that regulate such content. India tightened its grip on social media firms such as Facebook and Twitter ...
Wealthy baby boomers will be the next generation to jump into cryptocurrencies as they become more mainstream, potentially bringing billions of dollars to the rallying sector, said Mike Novogratz, founder of crypto firm Galaxy Digital.
WASHINGTON :The chief executives of Facebook, Google and Twitter appeared before Congress on Thursday to answer questions about extremism and misinformation on their services in their first appearances since pro-Trump rioters assaulted the U.S. Capitol on Jan. 6.
Shares in GameStop and other so-called meme stocks popular among members of Reddit's WallStreetBets forum jumped on Thursday as investors bought shares whose prices tumbled in the previous session.
Big U.S. banks are on track to produce blockbuster first-quarter profit gains, but enthusiasm might fade when investors look under the hood.
SINGAPORE: CIMB Singapore will lay off employees and shut its branch in Orchard Road following a review of its business and resources. In a joint statement on Thursday (Mar 25), the Banking and Financial Services Union and Singapore Bank Employees’ Union said they are working closely with CIMB to...
