Tag: billion
Sunac China Shares and Bonds Plunge After Liquidation Petition Filed
Jennifer -
Shares and bonds of Sunac China fell sharply on Friday following the filing of a liquidation petition against the property developer, raising further concerns...
Next Wave of U.S. Crypto ETFs Set to Launch After Blockbuster 2024 Debut
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The beginning of 2024 marked a historic moment for the cryptocurrency industry, as the launch of U.S. spot bitcoin exchange-traded funds (ETFs) was anticipated...
TSMC Sees 58% Surge in December Sales Driven by AI Demand
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Taiwan Semiconductor Manufacturing Company (TSMC) (NYSE:TSM) reported a significant 58% increase in sales for December, buoyed by strong demand from the rapidly expanding artificial...
Biden to Block U.S. Steel Sale to Japanese Buyer, Sources Confirm
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U.S. President Joe Biden has decided to block Nippon Steel's proposed $14.9-billion acquisition of U.S. Steel, a move that is expected to end the...
Central Banks and Sovereign Funds Increase Crypto Reserves
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The rapid rise in the valuation of digital currencies has caught the attention of sovereign investors and central banks, prompting a significant shift in...
Oil Prices Edge Higher on China Stimulus and U.S. Stockpile Decline
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Oil prices inched up on Thursday during thin holiday trading, supported by expectations of additional fiscal stimulus in China and a projected decline in...
Asian Stocks Hold Steady Amid Thin Trading; Japan Shares Surge on Record Budget Plans
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Asian stock markets showed limited movement on Thursday as trading volumes remained low due to holidays in several major markets. However, Japanese stocks surged...
Japan’s Comedian-Turned-Investor Launches New Fund with Ex-Goldman “Stock Geek”
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In a surprising turn of events, a former comedian and a self-proclaimed "stock otaku" have joined forces to launch a new stock fund in...
Aviva to Acquire Direct Line in £3.7 Billion Deal
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Aviva (LON: AV) announced on Monday that it has entered into a definitive agreement to acquire Direct Line Insurance Group (LON: DLGD) in a...
Nike Shares Slide as Guidance Flags ‘Severe Issues’; Q2 Results Top Estimates
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Nike's stock has been facing turbulence after the company reported fiscal second-quarter earnings that exceeded analysts' expectations, but provided disappointing guidance for the upcoming...
European Stocks Drop Following Hawkish Fed Signals
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European stocks experienced a sharp decline on Thursday, heading for their largest percentage drop in five weeks, as investors pulled out of riskier assets,...
Micron Shares Fall After Missed Q2 Forecast
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Micron Technology Inc. (NASDAQ: MU) shares took a sharp dive, falling 14% in extended trading on Wednesday after the company issued a second-quarter guidance...