India's financial-crime agency has asked Walmart's Flipkart and its founders to explain why they shouldn't face a penalty of $1.35 billion for alleged violation of foreign investment laws, three sources and an agency official told Reuters.
India's financial-crime agency has asked Walmart's Flipkart and its founders to explain why they shouldn't face a penalty of $1.35 billion for alleged violation of foreign investment laws, three sources and an agency official told Reuters.
Stocks, Treasuries and other major markets were mixed on Wednesday after July data showed that U.S. jobs growth slowed but demand for services increased, all as Federal Reserve officials signaled a likely pullback in market support.
What happened
Children's entertainment and media company Genius Brands International (NASDAQ: GNUS) saw its stock price fall 14.7% in July, according to data provided by S&P Global Market Intelligence. It trailed the S&P 500, which gained 2.3% in July, and the S&P Sma
South American e-commerce giant MercadoLibre Inc on Wednesday beat analysts' estimates for quarterly revenue, as the region adapts to shopping largely online amid the pandemic.
Wall Street's main indexes closed mostly lower on Wednesday, with the S&P 500 falling from a record high hit a day earlier as data signaled a sharp slowdown in jobs growth in July, while General Motors tracked its worst day in more than a year despite a record pre-tax profit.
India's financial-crime agency has asked Walmart's Flipkart and its founders to explain why they shouldn't face a penalty of $1.35 billion for alleged violation of foreign investment laws, three sources and an agency official told Reuters.
The S&P 500 slipped from a record high on Wednesday as data signaled a sharp slowdown in jobs growth last month, while General Motors tracked its worst day in more than a year despite a record pre-tax profit.
The S&P 500 fell from a record high on Wednesday as data signaled a slowdown in job growth last month, while General Motors tracked its worst day in more than a year despite a record pre-tax profit.
Today, I cover three of my high-conviction stocks, those I believe will do well over the next several years with reasonable to low risk. High-conviction stock picks aren't always the highest growth, but rather stocks I personally have high confidence in. I have been investing for
Wall Street's main indexes fell on Wednesday as concerns around slowing economic growth and fresh COVID-19 fears hit economically-sensitive sectors, including banks and industrials.
Wall Street's main indexes were set to open lower on Wednesday following a record close for the S&P 500, while focus turned to data on the services sector for cues on whether a domestic economic rebound was stalling.
Amazon (NASDAQ: AMZN) reported second-quarter earnings results last week, providing the first in a series of tough quarterly comparisons from the previous year when folks spent more time at home and subsequently used Amazon much more often for shopping.
Last Thursday, Amazon (NASDAQ: AMZN) and Pinterest (NYSE: PINS) reported second-quarter earnings. Wall Street apparently wasn't impressed with either report, and share prices dropped 8% and 18%, respectively, in the day following the release which put each stock even further belo
In March last year, Oziel da Silva Santos needed a new TV but with stores closed due to COVID-19 restrictions in Brazil's northern city of Belem, the 50-year old was clueless about how to get one. He followed a link on the website of furniture retailer Via Varejo and called a store manager.
Over the very long run, value stocks have outperformed growth stocks, according to a Bank of America/Merrill Lynch report that examined average annual returns between 1926 and 2015. However, this trend has reversed in a big way since the Great Recession ended in 2009.
E-commerce giant Amazon.com Inc started to offer its Brazilian Prime subscribers free one-day delivery in 50 cities on Wednesday, amid fierce market competition in Latin America's largest economy.
Roku stock (NASDAQ: ROKU) has dropped almost 10% in just the last one week and currently trades at $428 per share. The recent decline was driven after reports surfaced of Cathie Wood, the founder and CEO of ARK Investment Management, selling Roku shares from ARK’s exchang
U.S. crime alert app Citizen is launching its first paid feature, offering subscribers access to a live safety agent when they are in "stressful or uncertain situations."
Microsoft (NASDAQ: MSFT) posted its fourth-quarter earnings on July 27. Its revenue rose 21% year-over-year to $46.2 billion, clearing expectations by $1.9 billion, as its earnings jumped 49% to $2.17 per share and beat estimates by $0.25. Its commercial cloud revenue -- which ma