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Financial News Around the World

China’s self-driving startup WeRide delays U.S. IPO as deadline looms

WeRide was expected to offer 6.5 million ADS (American depositary shares) in the range of $15.50 to $18.50.

Published 22 August 2024
Categorised as Finance News

Body of British tech entrepreneur Mike Lynch retrieved from Sicily yacht wreckage

Lynch was one of 22 passengers aboard the Bayesian superyacht, which capsized while anchored off the coast of Sicily.

Published 22 August 2024
Categorised as Finance News

Stocks making the biggest moves after hours: Snowflake, Zoom Video, Urban Outfitters and more

These are the stocks posting the largest moves in extended trading.

Published 21 August 2024
Categorised as Finance News

U.S. job growth revised down by the most since 2009. Why this time is different

There’s a lot of debate about how much signal to take from the 818,000 downward revisions to U.S. payrolls — the largest since 2009. Is it signaling recession?

Published 21 August 2024
Categorised as Finance News

Fed minutes point to ‘likely’ rate cut coming in September

The Federal Reserve on Wednesday released minutes from its July 30-31 policy meeting.

Published 21 August 2024
Categorised as Finance News

Stocks making the biggest moves midday: Target, JD.com, Macy’s and more

These are the stocks posting the largest moves in midday trading.

Published 21 August 2024
Categorised as Finance News

Nonfarm payroll growth revised down by 818,000, Labor Department says

The U.S. economy created far fewer jobs than originally reported in the 12-month period through March 2024, the Labor Department reported.

Published 21 August 2024
Categorised as Finance News

The explosion of online sports betting is taking a toll on how people invest

While sports betting has put considerable sums into state coffers, it has come at a notable personal expense to gamblers and their families.

Published 21 August 2024
Categorised as Finance News

China’s antimony export controls rattle the tungsten industry

New export controls have shaken the critical minerals industry. Insiders are worried that Beijing will leverage its global supply chain dominance in unprecedented ways.

Published 21 August 2024
Categorised as Finance News

JD.com leads losses in Hong Kong, falling 10% after Walmart confirms stake sale

Walmart said the decision will allow it to “focus on our strong China operations for Walmart China and Sam’s Club, and deploy capital towards other priorities.”

Published 21 August 2024
Categorised as Finance News

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