Cryptocurrencies posted strong gains in October. Here’s why investors are optimistic on the rest of the year
Things are looking up for crypto after bitcoin and ether finally climbed enough to post gains for October.
North Korea ICBM may have failed in flight, officials say; Japan residents told to shelter
North Korea fired multiple ballistic missiles on Thursday, including a possible failed intercontinental ballistic missile (ICBM).
Stocks close lower for a fourth day, Nasdaq sheds 1.7% as October jobs report looms
Stocks fell on Thursday after the Federal Reserve delivered another interest rate hike and signaled that no pivot or rate cut will come anytime soon.
China’s Covid controls are pushing companies to diversify away from a ‘start-stop economy’
A Covid outbreak at Apple supplier Foxconn’s factory shows the continued challenges factories face in trying to maintain operations while preventing infections.
Hong Kong’s stock market halts trade when a typhoon warning is issued – the CEO says that may change
“We’re always looking at how we can enhance the microstructure of our markets, to make sure that investors can participate all the time,” says HKEX CEO Nicolas Aguzin.
Twitter reportedly ready to cut about 3,700 employees
Twitter employees expect a 50% reduction in force, as Elon Musk scrambles to improve margins at the social network he just acquired for $44 billion.
Wall Street slashes price targets this earnings season. Here are 13 stocks that bucked the trend
More than 65% of S&P 500 companies that have reported results have seen cuts to price targets. Only 13 stocks saw meaningful upward revisions with potential upside.
DBS profit jumps 32% to record on rates, flags upbeat outlook
Banks globally have benefited from a jump in net interest income as central banks hike rates to tackle soaring inflation.
Hong Kong stocks lead losses in Asia-Pacific session after Fed signals more hikes ahead
Shares in the Asia-Pacific dropped on Thursday after the U.S. Federal Reserve Chairman Jerome Powell signaled further hikes ahead.
World’s largest iPhone assembly plant under new Covid lockdown in China
An industrial park in China that is home to the world’s largest assembly plant for Apple’s iPhones has been ordered to complete a seven-day Covid lockdown.
