Stocks were flat in early trading in Asia on Thursday as investors kept tapping the brakes on runs in asset prices after taking in tepid U.S. inflation data and comments from the Federal Reserve chief affirming the outlook for a slow recovery.
Shares in cannabis companies blazed to fresh highs on Wednesday, as strong interest from retail investors appeared to signal the recent trading frenzy behind recent Reddit favorites such as GameStop may be shifting to other stocks.
Like many others in his industry, Geely Chairman Li Shifu has been irked by skyrocketing valuations for electric car manufacturers such as Tesla Inc and Nio Inc, sources at the Chinese automaker say.
Lockdowns and concerns over safety initially affected businesses in the sharing economy, but they have since re-aligned their priorities, says SUSS’ Dr Wang Yue.
Best Buy Co Inc has notified employees that it will be cutting some jobs at its stores, the Wall Street Journal reported on Wednesday, citing people familiar with the situation.
THE greening of the planet should mean fewer dollars need to be held in reserve around the world and may fuel persistent doubts about the greenback's future as the dominant world currency.
DBS is seeing encouraging signs on overall asset quality in 2021 as moratoriums gradually taper off, with extensions on debt holidays contained and delinquencies kept low.
DBS' recent takeover of India's Lakshmi Vilas Bank (LVB) is expected to turn a profit in the next 12 to 24 months, now that asset quality concerns have been accounted for in the fourth quarter of 2020.
Zynga Inc on Wednesday forecast annual net bookings above Wall Street estimates, betting on the launch of its upcoming "FarmVille" game and strong in-game spending in its existing titles such as "Harry Potter: Puzzles & Spells."
The S&P 500 and the Nasdaq slipped from record levels in volatile trading on Wednesday as Reddit forum turned their focus to cannabis stocks while investors looked to a speech by Federal Reserve Chair Jerome Powell in the afternoon.
