Markets

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...

Credit Suisse is considering compensating investors hit by the collapse of funds linked to insolvent finance firm Greensill, four people familiar with the matter said, as the bank attempts a damage-limitation exercise.

OneWeb launched 36 satellites into orbit from a cosmodrome in the far east of Russia on Thursday as part of the satellite firm's plans to deliver global high-speed internet access.

U.S. solar panel maker SunPower Corp said on Thursday Chief Executive Tom Werner will retire after 18 years with the company, and will be succeeded by former Amazon.com Inc executive Peter Faricy.

CAMBRIDGE, Massachusetts: Former Google CEO Eric Schmidt and his wife, Wendy, have given US$150 million to a research institute to establish a “new era of biology” aimed at battling diseases with a mix of data and life science studies. The Massachusetts-based Broad Institute of MIT and Harvard ...

DETROIT, Michigan: General Motors on Thursday (Mar 25) said it is expanding its board of directors to 13 persons, with women holding seven of the seats. GM named two new directors, Meg Whitman and Mark Tatum. Whitman, 64, is a longtime tech executive and former Republican candidate for governor...

WASHINGTON: The number of people seeking unemployment benefits in the United States fell sharply last week to 684,000, the fewest since the COVID-19 pandemic erupted a year ago and a sign that the economy is improving. The Labor Department on Thursday (Mar 25) showed that jobless claims fell from...