US shares of iQIYI Inc. IQ, -2.43% shares fell Thursday in the extended session after the Chinese online entertainment company said it was the focus of a probe for securities and exchange commission and forecast revenue below Wall Street estimates. U.S. revenue from iQIYI fell 14% after hours, following a …
Read More »
Shares of Bank of America Corp. BAC, -1.42% hit 1.42% to $ 26.35 on Thursday, proving to be a very fierce trading session for the stock, with the S&P 500 Index SPX, -0.20% fell 0.20% to 3,373.43 and Dow Jones Industrial Average DJIA, -0.28% falling 0.29% to 27,896.72. This was …
Read More »
Has the widespread unemployment benefits discouraged many workers from returning to work? A big drop in people seeking or receiving benefits in the past two weeks after the end of a $ 600 federal grant suggests that the answer may be yes. Early unemployment fell to 963,000 in early August, …
Read More »
Pedestrians pass a digital sign announcing the latest rates for currency in Istanbul. Photographer: Kostas Tsironis / Bloomberg Kostas Tsironis / Bloomberg News The Federal Reserve announced Thursday that it is building and testing a hypothetical digital currency, equivalent to cash. The goal of the program is to improve the …
Read More »
The maker of “Fortnite” has launched a Battle Royale against Apple Inc., accusing the tech giant of seeking to “maintain its legitimacy of its monopoly.” Epic games said Thursday it has filed legal papers against Apple AAPL, + 1.77% after the iPhone maker launched the company’s hit game “Fortnite” from …
Read More »