PHILO PHOTO: The logo of Ant Financial Services Group, the financial subsidiary of Alibaba, is displayed at its headquarters in Hangzhou, Zhejiang Province, China January 24, 2018. Image taken January 24, 2018. REUTERS / Shu Zhang HONG KONG (Reuters) – Ant Group, the fintech charm of Chinese e-commerce company Alibaba …
Read More »US STOCKS-S&P 500 dip but index not far from record levels
(For a live blog on the US stock market, click or type LIVE / in a new window.) * Weekly unemployment claims fall below 1 million * Cisco is targeting Dow for poor visibility * Dow down 0.5%, S&P down 0.4%, Nasdaq up 0.1% (Updates until late afternoon) By Caroline …
Read More »GLOBAL MARKETS World shares fall after data from China missed forecasts
* Data from China lacks expectations * Travel shares plummet on UK quarantine movement * Treasury revenue remains high after 30-year auction * Graph: World FX Rates in 2020 tmsnrt.rs/2RBWI5E By Tom Arnold and Stanley White LONDON / TOKYO, Aug 14 (Reuters) – Global equities dipped on Friday after loud …
Read More »Overpriced technical sector could see more stock splits
Two weeks ago was America’s largest American maker, Apple Inc. (NASDAQ: AAPL), announced a 4-for-1 action split that will be executed in late August. Apple said it was pulling the trigger… to attract new investors“Shortly after delivering a blowout quarter, its $ 26.4 billion iPhone sales surpassed analysts’ expectations by …
Read More »World equities fall as data point to sluggish economic recovery
LONDON (Reuters) – Global equities dipped on Friday as eurozone data did not bode well for investors already worried about insufficient Chinese economic numbers and a slowdown in US fiscal stimulus. FILE PHOTO: A pedestrian in the offices of the London Stock Exchange in the City of London, UK, 29 …
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