(RTTNews) - The China stock market returned from its long National Day holiday to the upside on Friday, after finishing lower in four of five sessions before the break. The Shanghai Composite Index now sits just above the 3,270-point plateau and it's got a positive lead again fo
(RTTNews) - Ahead of Friday's holiday for National Day, the Taiwan stock market had climbed higher in seven straight sessions, surging more than 640 points or 5.1 percent along the way. The Taiwan Stock Exchange now rests just beneath the 12,750-point plateau and it's expected t
Asian stock markets began the week with cautious gains on Monday, as investors clung to hopes for U.S. stimulus spending, while the dollar firmed after a Chinese central bank policy tweak unwound some of the yuan's steep gains.
(RTTNews) - The Singapore stock market on Friday snapped the four-day winning streak in which it had climbed almost 50 points or 2 percent. The Straits Times Index now sits just above the 2,530-point plateau although it figures to bounce higher again on Monday.
(RTTNews) - The Malaysia stock market has finished higher in two straight sessions, spiking more than 40 points or 2.7 percent along the way, The Kuala Lumpur Composite Index now rests just above the 1,530-point plateau and it may add to its winnings again on Monday.
(RTTNews) - Ahead of Friday's holiday for Hangul Day, the South Korea stock market had finished higher in seven straight sessions, soaring almost 125 points or 6.4 percent along the way. The KOSPI now rests just above the 2,390-point plateau and it's looking at a firm open again
Looks as if one of Warren Buffett's two younger lieutenants at Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) just made a la.rge deep-value investment. Ted Wechsler, who joined Berkshire in 2011, recently disclosed that he had personally bought 1.08 million shares of Dillard's (
The e-commerce trend has accelerated as consumers have moved online to buy everyday goods to avoid visiting brick-and-mortar retailers and risk getting exposed to the coronavirus. MercadoLibre's (NASDAQ: MELI) business and its stock have been able to ride this trend, resulting i
If you could only buy one stock, would you buy a dependable Dividend Aristocrat with limited upside, or would you rather bet on a turnaround play with a much lower dividend yield?
Triller Inc, a budding competitor to popular short-video app TikTok, is in discussions with blank-check acquisition companies about a merger which would take the U.S. social media company public, according to people familiar with the matter.
Saving for retirement is hard enough for most Americans, many of whom have far too little money set aside. Unfortunately, the coronavirus pandemic has thrown another wrench into the works: Millions of parents across the country have been left without good child care options.
Twitter on Sunday flagged a tweet by Donald Trump in which the U.S. President claimed he was immune to the coronavirus, saying it violated the social media platform's rules about misleading information related to COVID-19.
International Business Machines (NYSE: IBM) announced an intriguing spinoff this week to accelerate its cloud and artificial intelligence (AI) growth strategy. Whether the spinoff will generate operational benefits remains to be seen, but Big Blue shareholders should still profi
Stocks rose significantly last week as Wall Street tried to judge the likelihood that a new stimulus package aimed at supporting the U.S. economy would be passed. Both the Dow Jones Industrial Average and the S&P 500 gained over 3%. That put the Dow back in positive territor
You've been paying your Social Security taxes for decades, and it's finally time to recoup that investment. Before you dive in and file that Social Security application, though, it's smart to review your retirement plan and verify that claiming now is truly the right strategy. H
Democratic House Speaker Nancy Pelosi said Sunday that talks over a new stimulus package remain at a standstill, according to a report in the Wall Street Journal.
Pelosi said the Trump administrationâÂÂs nearly $1.9 trillion proposal still lacks adequate funding and has no plan for national testing and contact tracing, the WSJ reported.
Meanwhile, the president laid responsibility for the holdup on the House speaker: âÂÂRepublicans want to do it. WeâÂÂre having a hard time with Nancy Pelosi,â the WSJ quoted the president as saying Sunday on Fox News.
But yesterday it was reported that some in the GOP were reluctant to back the presidentâÂÂs proposal, instead voicing support for a much smaller package.
In addition, the White House proposal would expand the Affordable Care ActâÂÂs provisions for people who have lost their jobs â and therefore insurance â during the pandemic. As many in the GOP have been trying to scrap the ACA, the proposal to expand it is problematic to say the least, the WSJ said.
Why this matter in the crypto world: BitcoinÃÂ (BTC) prices have been buoyed this year as investors bet that trillions of dollars of government and central bank spending around the world in response to the coronavirus-induced slowdown will inevitably result in inflation, and therefore be positive for the cryptocurrency.
With that in mind, should the two sides reach an agreement on a pandemic-relief package, the price of BTC could rise as a result.
In recent trading, BTC was trading at $11,425, up 0.43% in the last 24 hours.
It isn't an everyday occurrence that a company reports strong revenue and profit gains and experiences a sharp decrease in the stock price, falling 7% for the day. Yet that's exactly what happened after Domino's Pizza (NYSE: DPZ) released its fiscal third-quarter 2020 results, w
Logitech International (NASDAQ: LOGI) saw its share price drop slightly last week after investors learned that Apple (NASDAQ: AAPL) had stopped selling competing speaker products in the Apple store. The move comes as Apple is expected to announce new versions of AirPods soon, an
The COVID-19 pandemic has affected the markets and economy like few single events in recent history. Everything changed after the pandemic hit -- markets turned from bull to bear, entire industries were obliterated, millions of jobs were lost, and the U.S. plunged into recession
Chris Larsen, Ripple co-founder and chairman of the payments technology companyâÂÂs board of directors, said ChinaâÂÂs âÂÂitchingâ to be the one that designs the next financial system and that the U.S. is âÂÂwoefully behind.âÂÂ
Speaking at the LA Blockchain Summit last week, Larsen said the U.S. needs to face up to that itâÂÂs in a tech cold war with China with the fate of control of the worldâÂÂs financial system at stake. Right now, ChinaâÂÂs winning, he said.
âÂÂChina is just itching to be the one that designs this next system,â Larsen said. âÂÂTheyâÂÂve committed $1.4 trillion to a variety of technologies and blockchain is right at the top of their list.âÂÂÃÂ
ItâÂÂs not just that ChinaâÂÂs pumping money into technology, the regulatory environment in the U.S. is actively discouraging financial innovation, he said.
âÂÂI just have to say it, in the U.S., all things blockchain, digital currency, they start and end with the SEC, Larsen said. âÂÂInstead of pivoting to encouraging U.S. innovation to keep up, theyâÂÂve done the opposite.âÂÂ
âÂÂWeâÂÂre going to have to change up here or weâÂÂre going to lose our leadership, stewardship of the global financial system,â he said. âÂÂThat would be a tragedy.âÂÂ
As CoinDesk reported at the time, Larsen also said his company could leave the U.S. if the regulatory environment doesnâÂÂt improve.