Unexpected: Elon Musk becomes Twitter’s largest shareholder

Tech 04/04/22, 14:47

Elon Musk, has just acquired a nearly 10% stake in Twitter, worth $3 billion, shortly after questioning the social network's handling of free speech. On Monday, April 4, it became known that Tesla's CEO, a fervent generator of controversial tweets, acquired 9.2% of Twitter, thus becoming the largest shareholder of the ...

Wall Street stocks fall to close its worst quarter in 2 years

U.S. 04/01/22, 08:57

Wall Street closed its worst quarter in two years, as concerns persist over the Russia-Ukraine conflict that has led to rising fuel prices and intensified inflation. U.S. stocks plunged on Thursday, despite posting a 3.6% gain in March, leading to the worst quarterly performance since the first quarter of 2020, when ...

17 major Chinese real estate firms have stocks fall more than 50%

China 12/07/21, 15:22

More than a dozen major real estate firms in China have seen their stocks nosedive, according to a report. There are more than 30 real estate companies worth over $30 billion in China. 17 of them have had their stocks drop more than 50%, compared to the peak in 2018. Throughout this ...

Didi shares drop more than 20% after plan to delist from the US

China 12/05/21, 22:57

Ride-hailing giant Didi Global saw a significant drop in stocks after it announced moving away from the New York Stock Exchange Friday, Dec. 3. The company's stock dropped 22.17%, resulting in a market value loss of $8.4 billion. Reuters noted that Didi shares have dropped around 57% since their June 30 ...

Asian stocks rise on hopes U.S., China will unwind dispute

Business 11/26/18, 01:40

Asian shares were mostly higher Monday on hopes that President Donald Trump and his Chinese counterpart Xi Jinping will unwind a blistering trade dispute at a meeting this week. KEEPING SCORE: Japan's benchmark Nikkei 225, reopening after a holiday, added 0.8 percent to 21,812.00. South Korea's Kospi jumped 1.1 percent to ...

Markets Q&A: Stocks slide into another ‘correction’

Tech 11/23/18, 16:12

For the second time this year, stocks have gone into what's known on Wall Street as a correction — a drop of 10 percent or more from a recent high. As of Friday's close, the benchmark S&P 500 index has dropped 298 points, or 10.2 percent, since reaching a record high ...

Asia shares mixed on uncertainty over trade tensions

World 11/16/18, 01:51

Shares were mixed in Asia on Friday on revived concerns over the prospects for a breakthrough in trade tensions between the U.S. and China. KEEPING SCORE: Japan's Nikkei 225 index lost 0.6 percent to 21,667.72 while the Hang Seng in Hong Kong added 0.1 percent to 26,136.04. South Korea's Kospi rose ...

Jittery investors await outcome of midterm elections

Business 11/05/18, 14:03

The midterm elections are certain to have implications for Wall Street, regardless of how they shape the balance of power in Congress. That's because in every scenario there could be winners and losers in key sectors of the market, including banking, pharmaceuticals, companies that would benefit from government infrastructure projects and ...

Asian stocks fall as China reacts to US tariffs

China 09/12/18, 03:25

SINGAPORE (AP) — Asian shares fell on Wednesday as China delayed issuing licenses to American businesses hoping to operate in the country amid the looming threat of more trade tariffs from Washington. The approach of Hurricane Florence on the East Coast and upcoming sanctions on Iran's energy industry lifted oil prices. ...

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