News & Events

RSS Fortune
  • Twitter 'looking' at a possible TikTok tie-up August 10, 2020
    The messaging platform has approached under-fire TikTok about a possible deal, according to reports.
  • Top U.S. mall operator Simon faces pandemic pain August 10, 2020
    Simon Property Group, the No. 1 U.S. mall owner, is expected to post its smallest quarterly profit in nearly six years on Monday, as the plunge in foot traffic and early government-mandated closures resulted in tenants being unable or unwilling to pay full rent. "The upcoming earnings for mall owners could be one of the […]
  • Jobs Data Holds Stocks Steady to Close Week August 10, 2020
    Stocks are steady this Friday courtesy of the better than expected jobs report.
  • Stocks Hold Firm Amid Strong Monthly Jobs Report August 10, 2020
    Stocks are mixed this Friday morning as ongoing coronavirus stimulus negotiations overshadowed a better than expected jobs report.
  • Futures await jobs data for direction August 10, 2020
    As the final trading session of the week prepares to kick off, stocks are pointing to the upcoming monthly jobs report for direction.
  • Tencent Shares Fall Further as Worries About U.S. Action Persist August 10, 2020
    (Bloomberg) -- Tencent Holdings Ltd. added to Friday’s sharp decline to start the week, helping lead weakness in technology shares after the U.S.’ move to ban residents from doing business with the company’s WeChat app.The stock fell as much as 4.6% Monday, approaching Friday’s lowest level, before finishing morning trade down 3.3%. Tencent lost $35 […]
  • Italy’s Richest Family Builds $3 Billion Side Bet to Candy Giant August 10, 2020
  • Trump Widens China Tech Attack August 10, 2020
    Aug.09 -- The U.S. and China are facing off on all sorts of issues. U.S. President Donald Trump moved to ban the apps TikTok and WeChat. Bloomberg’s Peter Elstrom discusses the implications for the tech industry on “Bloomberg Markets: China Open.”
  • Asia Tech Shares Selloff Seen as Buy Opportunity for Some Funds August 10, 2020
    (Bloomberg) -- Friday’s attack by President Donald Trump on WeChat may have pushed many investors to offload Asia’s technology shares. But for some, the selloff has presented a good buying opportunity.Jian Shi Cortesi, a fund manager at GAM Investment Management in Zurich, bought some Chinese internet stocks on Friday and plans to further increase holdings […]
  • Asia’s Worst Share Market Just Got Another Jolt August 10, 2020
    (Bloomberg) -- There seems to be no let-up in bad news for Philippine stocks -- already the worst performers in Asia this year.Overseas investors dumped a net $138 million of local shares on Friday, the biggest single-day outflow in five years. While the outsized withdrawal likely resulted from one large stock transaction involving a foreign […]
  • Hyundai Motor shares rise as much as 10% on Ioniq EV plan August 10, 2020
    Hyundai Motor Co stock jumped as much as 10.2% on Monday to its highest price since May 2018, after the automaker said it would create a family of Ioniq-brand electric vehicles (EVs) as it aims to become the third-largest EV maker by 2025. In an announcement earlier on Monday, Hyundai said the elevation of Ioniq […]
  • Stock market news live updates: Stock futures muted as investors look for more stimulus after Trump's virus orders August 9, 2020
    Stock futures were little changed lower Sunday evening, pointing to a muted start to the week.
  • 'A Long Way To Go': Stock Market Update For The Week Ahead August 9, 2020
    The Past Week, In A Nutshell What Happened: Stocks closed the week higher after investors regained optimism regarding a sustained recovery.Remember This: "Earnings season has been very impressive so far, now you can couple that with the employment backdrop quickly improving as well. Not a bad combo for investors," said Ryan Detrick, chief investment strategist […]
  • Retail sales, Lyft earnings: What to know in the week ahead August 9, 2020
    This week, investors will turn their attention to another set of corporate earnings results, though the number of reports per day will slow from the heavy pace of the past couple weeks. Economic releases will include two sets of US inflation reports, along with the Commerce Department’s July print on advance retail sales.
  • Amazon Could Use JCPenney, Sears Stores As Fulfillment Centers: Report August 9, 2020
    What Happened: Inc (NASDAQ: AMZN) is in talks with Simon Property Group Inc. (NYSE: SPG), the biggest mall owners in America, to convert some of its anchor-department store spaces into Amazon fulfilment centers, The Wall Street Journal said on Sunday.The discussions are on between Amazon and Simon property group to utilize some closed J.C. […]
  • Texas Positive Tests Rise; California ICUs Fill Up: Virus Update August 9, 2020
    (Bloomberg) -- The U.S. passed 5 million Covid-19 infections after adding 1 million new cases in barely more than two weeks. Cases and deaths slowed in Florida and Arizona, while the positive-test rate in Texas hit a another record.U.S. Treasury Secretary Steven Mnuchin and House Speaker Nancy Pelosi signaled readiness to resume negotiations on pandemic […]
  • Simon Property Weighs Empty Mall Spaces as Amazon Centers: DJ August 9, 2020
    (Bloomberg) -- Mall operator Simon Property Group Inc. has been in talks with Inc. to turn some empty store space formerly occupied by anchor tenants such as J.C. Penney Co. Inc. and Sears Holdings Corp. into Amazon fulfillment centers, Dow Jones reported, citing people familiar with the matter.The discussions started before the coronavirus pandemic, […]
  • Novavax Inks Vaccine Deals In Japan, India; Analyst Sees 70% Stock Upside August 9, 2020
    Novavax announced a partnership with Takeda Pharmaceutical to sell up to 250 million doses of NVX‑CoV2373, its COVID-19 vaccine candidate, a year in Japan.As part of the partnership, Novavax (NVAX) will license COVID-19 vaccine technology to Takeda for local production and commercialization in Japan. In exchange, Novavax will receive payments based on the achievement of […]
  • Simon Property, Amazon look at turning mall space into fulfillment centers: WSJ August 9, 2020
    The two companies have explored converting retail space formerly occupied by J.C. Penney Co Inc and Sears Holdings Corp into Amazon distribution centers, while in some cases, Simon and Amazon explored buying out occupied space from the retailers, the report said, citing sources. Simon's discussions with Amazon have been under way for months and began […]
  • Buffett Shows Faith in Berkshire Portfolio With Record Buybacks August 9, 2020
    (Bloomberg) -- Warren Buffett is betting on brighter prospects for his Berkshire Hathaway Inc.Berkshire spent a record $5.1 billion buying back its own stock in the second quarter, and may have kept that higher pace going in July. The billionaire investor sought to seize on a bigger discount to the S&P 500 during a quarter […]