Facebook Inc's CEO Mark Zuckerberg said on Wednesday the company would no longer recommend civic and political groups to users of the platform.
Billionaire investor Steven Cohen's Point72 Asset Management has suffered a nearly 15per cent loss this year due to a sudden surge in the shares of video-game retailer GameStop Corp, the New York Times reported https://nyti.ms/2YiotoW on Wednesday.
HONG KONG: Shares in Hong Kong's marquee carrier Cathay Pacific plunged on Thursday (Jan 28) after the struggling airline unveiled a HK$6.7 billion (US$870 million) bond sale to try to stem its rampant cash burn. Cathay's shares were trading as much as 8.4 per cent down, days after it...
Taiwan Semiconductor Manufacturing Co Ltd (TSMC) is "expediting" auto-related products through its wafer fabs and reallocating wafer capacity, the company said on Thursday, amid a global shortage of auto chips.
Asian stocks skidded on Thursday following a sharp Wall Street decline amid deepening concerns about stretched valuations in equities markets, while the dollar and bonds strengthened.
Microsoft Corp said on Wednesday it had fixed an issue that had caused connectivity problems with its Outlook email app for users in North America.
By setting tight delivery times, levying fines for delays and even suggesting routes in violation of traffic rules, Chinese platforms encourage couriers to speed dangerously, says The Financial Times' Yuan Yang.
Home appliances maker Whirlpool on Wednesday (Jan 27) forecast 2021 profit above expectations, as demand for its home appliances rose among people stuck at home due to the COVID-19 pandemic.
Facebook beat analysts' estimates for quarterly revenue on Wednesday (Jan 27), powered by increased ad spending by businesses to capitalise on a holiday shopping season driven online by the pandemic.
Tesla's fourth-quarter profit fell short of Wall Street expectations on Wednesday (Jan 27) and the company failed to provide a clear target for 2021 vehicle deliveries, sending shares down 3 per cent in extended trade.
