Gold futures moved Thursday lower in volatile trading that saw prices in both directions up as much as 2%. Federal Reserve Chairman Jerome Powell announced changes to the central bank’s policy framework in a speech at the Jackson Hole Economic Symposium that were seen as offering a more accommodative monetary …
Read More »New Zealand stock exchange stops trading for third day after cyber attack
The New Zealand Exchange (NZX) said in a statement on Thursday that it was working with cybersecurity experts and hoped to resume “normal trading” on Friday. The exchange said stock trading had almost stopped 16.00 local time (12 o’clock ET) on Tuesday after experiencing a widespread attack of service (DDoS) …
Read More »Xpeng IPO raises $ 1.5 billion in New York IPO
De Alibaba Support (BABY) Chinese electric car maker said that Thursday it sold more than 99.7 million shares for every $ 15 each in its Wall Street debut, raising about $ 1.5 billion. It had originally planned to sell 85 million shares between $ 11 and $ 13. Xpeng shares …
Read More »Investment firm Vanguard is leaving Hong Kong to focus on the China boom
Vanguard – which had more than $ 6 trillion in assets under management at the beginning of the year – said on Wednesday it would lift its presence in Hong Kong over the next two years. The return will cut jobs in Hong Kong, where Vanguard employs about 50 people. …
Read More »Apple stock split: Do you need to buy or wait now?
The split follows an enormous milestone for the iPhone maker – last week Apple’s market cap went above $ 2 trillion. In the next few days, that number continued to climb to about $ 2.16 trillion on Monday, making it Call (AAPL) the most valuable stock in history after passing …
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