Asian stocks were set for a strong open on Tuesday, helped mostly by global recovery prospects and the passage of a US$1.9 U.S. trillion stimulus bill, shaking off a mixed Wall Street session after a big downturn in tech shares.
A tie-up between leasing giants AerCap and General Electric unit GECAS would reshape global air finance and carve out a new chapter in one of Ireland's greatest corporate adventures.
Video-conferencing platform Zoom Video Communications Inc founder Eric Yuan transferred about 18 million shares worth over US$6 billion last week, according to a regulatory filing.
The U.S. government on Monday sued automobile device manufacturer EZ Lynk for selling tens of thousands of "defeat devices" that enabled car and truck owners to disable their vehicles' computerized emission controls at the push of a button.
Delivering food or ride-hailing jobs may have a poor reputation as unstable and low-skilled but NUS economist Sumit Agarwal says it is important especially when times are tough.
A K-shaped recovery is underway. Those with stable jobs will fare well, but those unemployed or working blue-collar and service jobs won’t, says Nouriel Roubini.
Semiconductors, responsible for microchips that power everything from computers to cars has been hit with a global shortage thanks to the pandemic. But the factors for this shortage are structural, says a Cambridge University visiting fellow.
Shares of Tesla Inc fell for a fifth consecutive session on Monday, caught in a tech-led selloff that has wiped more than US$244 billion off the company's market value over the last month.
The Dow climbed on Monday, led by stocks poised to benefit the most from an economic rebound as the US$1.9 trillion COVID-19 relief bill awaited a final Congressional vote this week, and heavyweight tech-related stocks swung between gains and losses.
The Nasdaq's retreat from its all-time highs last month is now officially considered a correction in a bull market.
