News & Events
CNBC
- Police break up protests after Belarus presidential vote August 10, 2020Hundreds of people were detained, according to a leading rights group.
- The gold rally could forge ahead to $4,000, but analyst says two events could turn its fortunes August 10, 2020Gold prices could forge ahead to $4,000 per ounce in the next three years, but factors such as the development of a coronavirus vaccine and the November U.S. elections could change the fortunes of the precious metal, analysts say.
- U.S. health chief offers Taiwan 'strong' support in landmark visit August 10, 2020U.S. Health Secretary Alex Azar is the highest-level U.S. official to visit Taiwan in four decades, a trip condemned by China which claims the island as its own, further irritating Sino-U.S. relations.
- Hong Kong media tycoon Jimmy Lai arrested under security law August 10, 2020Hong Kong police arrested media tycoon Jimmy Lai and raided the publisher's headquarters Monday in the highest-profile use yet of the new national security law Beijing imposed on the city in June.
- China's factory deflation slows in July as recovery gains strength August 10, 2020Analysts say China's industrial output is steadily returning to pre-pandemic levels, with pent-up demand, government stimulus and surprisingly resilient exports driving economic recovery.
- Some office space could get permanently cut during the pandemic. Here's how companies will cope August 10, 2020Working from home has become the norm in this coronavirus pandemic, and Morgan Stanley predicts that office tenants across Asia will permanently give up between 3% and 9% of their existing office space.
- Asia Pacific markets trade mostly higher but investors remain cautious over U.S.-China tensions August 9, 2020U.S.-China tensions rose last week after President Trump issued executive orders that are set to ban American use of WeChat and TikTok, taking effect from the middle of next month.
- Political uncertainty puts Southeast Asia's economic recovery from coronavirus at risk, expert says August 9, 2020As lockdown measures were lifted and domestic politicking resumed, the stability of some governments are in question once more, said Simon Tay, chairman of think tank Singapore Institute of International Affairs.
- China remains a 'bright spark,' says major real estate developer CapitaLand August 9, 2020There are "very encouraging signs" in CapitaLand's residential business and retail operations in China, said Andrew Lim, the company's group chief financial officer.
- Stock futures mixed after Trump signs orders extending coronavirus relief August 9, 2020U.S. stock futures were mixed after President Donald Trump signed several executive orders aimed at extending coronavirus relief.
- Amazon reportedly discussing using former J.C. Penney and Sears stores as fulfillment centers August 9, 2020The Sears and J.C. Penney locations could give Amazon more fulfillment center space, closer to customers, where delivery drivers could come unload and pick up packages.
- U.S. tops 5 million coronavirus cases as outbreak threatens America's Midwest August 9, 2020The United States has surpassed 5 million cases of coronavirus, according to Johns Hopkins University data.
- This Instagram post could unlock hundreds of millions of dollars for Black-owned businesses August 9, 2020The 15 Percent Pledge saw a blitz of media coverage and it quickly caught the attention of major retailers, which are now doing what James had hoped: They are laying out concrete goals that are measurable.
- Electric Ford Mustang Mach-E features 'audio wizardry' with optional engine noise August 9, 2020When the Mustang Mach-E arrives in showrooms later this year, customers of the all-electric vehicle will be able to hear the sound of an engine accelerating when they push the accelerator pedal.
- Netflix should buy TikTok if Microsoft can't close a deal August 9, 2020Netflix should try to buy TikTok, especially it can buy its global operations, if Microsoft can't close a deal with the U.S. government.
- Here are five charts illustrating U.S. economic trends amid the coronavirus pandemic August 9, 2020These five charts illustrate trends in important industries that help track reopening progress in the U.S. amid the coronavirus pandemic.
- Wall Street's top analysts are betting on stocks like GoDaddy and Carvana to beat the market August 9, 2020We used TipRanks analyst ranking service to pinpoint Wall Street's best-performing analysts.
- Health tech could see more acquisitions after Teladoc-Livongo deal August 9, 2020The health technology sector has come into focus during the coronavirus pandemic and more deals could be on the way, analysts say.
- Saudi Aramco profit drops 50% for first half of the year as pandemic batters oil price August 9, 2020The financial results for the second quarter reflect the biggest shock to global energy markets in decades.
- Kodak pharma deal held up over reported questions about stock move August 8, 2020The U.S International Development Finance Corporation said it was holding up the deal.
Fortune
- Hong Kong police arrest pro-democracy media tycoon Jimmy Lai and raid newspaper offices August 10, 2020Hong Kong police arrested media tycoon Jimmy Lai and raided the offices of his flagship newspaper, the most high-profile case yet against democracy activists in the city under a national security law that has fueled U.S.-China tensions. Lai was shown handcuffed as he was taken away by officers from his home on Monday morning, according […]Claire Zillman, reporter
- Bill Gates critiques U.S. COVID testing: ‘The most worthless results of any country in the world’ August 10, 2020He also chided the inequitable distribution of speedy tests, which have so far gone to the rich.Claire Zillman, reporter
- Calls for schools to get ‘creative’ with reopening have largely been ignored. Why? August 9, 2020Some have argued for moving schools to larger alternative spaces like empty offices or movie theaters. It probably won't happen.Aric Jenkins
- Black-owned food businesses are seeing a surge in publicity and customers—and hope that investors are next August 9, 2020“We could see it immediately after George Floyd was murdered and people started curating these Black owned-lists,” says one entrepreneur. “There were some accounts and retailers where we’ve been reaching out literally for years with no response who are now very interested.”Brooke Henderson
- How the government’s new real-time payments system could transform commerce August 9, 2020The platform would allow financial institutions in the U.S. to clear and settle transactions in virtually instantaneous fashion.reymashayekhi
- Why you can trust the new coronavirus contact-tracing apps to safeguard your privacy August 9, 2020There’s a new weapon in the fight against coronavirus—but privacy fears could hamper its effectiveness. Here’s how digital contact tracing apps keep your personal data uniquely safe.dzanemorris
- Black women account for less than 3% of U.S. doctors. Is health care finally ready to face racism and sexism? August 9, 2020It’s hard to solve racial inequities in health care—or any other industry—when you barely employ any Black or Latinx professionals.Maria Aspan
- How can bricks and mortar reinvent itself for an unknown future? August 9, 2020Businesses need to move away from creating flashy, Instagramable experiences.jakemeth
- Second-home prices soar in Aspen and Martha’s Vineyard as the affluent flee megacities August 9, 2020Anthony Hitt, CEO of Engel & Völkers Americas, tells Fortune that the pandemic set off a second home buying spree.Lance Lambert
- A family’s $35 billion fortune evaporates in a blink August 9, 2020The slump in the Schaefflers’ fortune is among the biggest on the Bloomberg index, and highlights the slowdown in the global automotive sector.Bernhard Warner
- How Ghislaine Maxwell’s arrest upended the filming of ‘Surviving Jeffrey Epstein’ August 8, 2020The fourth episode of the new Lifetime docuseries, premiering Sunday, was redone to focus on Maxwell’s alleged crimes and her grooming of potential victims.radmarya
- Is it safe to swim during the coronavirus pandemic? August 8, 2020Fortune talks to health experts about whether it's safe to swim in public pools, rivers, or oceans during the coronavirus pandemic.jonathanvanian2015
- 69% of Americans think the way they work has changed forever August 8, 2020Fortune Analytics got an exclusive look at Salesforce's proprietary data to learn how the pandemic is impacting workers during—and after—the crisis.Lance Lambert
- Postponing elective surgeries due to COVID-19 might have pushed the opioid crisis to the next level August 8, 2020In most cases, elective surgeries deal with serious medical issues.jakemeth
- One of the world’s top COVID-19 vaccines is ‘stuck’ in customs—Is the delay deliberate? August 8, 2020The episode is stoking fears that politics might get in the way of science.Grady McGregor
- Why China’s catastrophic floods will barely dent its economy August 8, 2020Beijing's flood control strategy is paying off for some regions—but causing calamity in others.Grady McGregor
- A weakening U.S. dollar makes these 3 assets more attractive for your portfolio August 8, 2020It may be time to give foreign stocks, gold, and emerging markets a closer look.Ben Carlson
- Trump to sign an executive order to extend enhanced unemployments benefits as stimulus talks fall apart August 8, 2020President Trump announced plans to sign an executive order to extend enhanced unemployments benefits—which expired in July—through the end of the year.Lance Lambert
- It’s time to rethink power August 7, 2020Fortune is adding a new criteria to our annual Most Powerful Women list. Would you make the cut?Ellen McGirt
- Why are Black-owned businesses twice as likely to close during the pandemic? August 7, 2020The coronavirus pandemic has disproportionately impacted Black-owned businesses, according to new research from the New York Fed.reymashayekhi
YAHOO Finance
- Twitter 'looking' at a possible TikTok tie-up August 10, 2020The 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, 2020Simon 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, 2020Stocks are steady this Friday courtesy of the better than expected jobs report.
- Stocks Hold Firm Amid Strong Monthly Jobs Report August 10, 2020Stocks 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, 2020As 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, 2020Aug.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, 2020Hyundai 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, 2020Stock 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, 2020The 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, 2020This 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, 2020What Happened: Amazon.com 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 Amazon.com 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, 2020Novavax 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, 2020The 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 […]
