Asian shares are mostly higher as Tokyo’s benchmark momentarily touched a 34-year high, while many regional markets were closed for the Lunar New Year holiday By YURI KAGEYAMA AP Business Writer February 8, 2024, 2:20 AM ET • 4 min read TOKYO — Asian shares were mostly higher Friday as Tokyo’s benchmark momentarily touched a … Read more
The stock market extended this week’s gains amid a rally in big tech and as a solid jobs report bolstered the outlook for corporate profits. Bonds fell. The equity market continued to show resilience near its all-time highs, with the S&P 500 topping 4,900. The tech-heavy Nasdaq 100 climbed 1% thanks to bullish outlooks from … Read more
Stock Market Today: Dow, S&P Live Updates for January 31 Bloomberg Source link
Australia’s wealthiest are set to lose out as the government tweaks tax changes to help low- and middle-income earners struggling with soaring living costs. The biggest losers under Prime Minister Anthony Albanese’s new policy will be Australians earning over A$190,000 ($125,000). While they will still receive a tax cut, it will only be about half … Read more
BANGKOK (AP) — Riot Games, the developer of the popular “League of Legends” multiplayer battle game, is joining other tech companies that have been trimming their payrolls with a layoff of 11% of its staff. In a lengthy statement to staff issued late Monday, CEO Dylan Jadeja and chief product officer and co-founder of Riot … Read more
LONDON (AP) — Online retailer eBay Inc. will cut about 1,000 jobs, or an estimated 9% of its full-time workforce, saying its number of employees and costs have exceeded how much the business is growing in a slowing economy. It marks the latest layoffs in the tech industry. CEO Jamie Iannone said in a message … Read more
Forecasters who follow the US economy found themselves in a familiar place after a recent retail sales report: revising up their estimates for GDP. Quarterly data on gross domestic product due Thursday from the Bureau of Economic Analysis is expected to show the economy expanded at a 2% annual rate in the final three months … Read more
A rally in some of the world’s largest technology companies fueled a rebound in stocks, with traders also weighing the latest economic data and Fedspeak for clues on the US central bank’s next steps. After a back-to-back slide, the S&P 500 bounced back as volatility in the bond market abated. The megacap space, which bore … Read more
The Circuit Hosted by high-profile journalist Emily Chang, The Circuit is a fast-paced, dynamic series that lives at the intersection of culture, tech, entertainment, and business. Every week, Chang will go on location to meet the world’s most fascinating founders, influencers, and innovators, conducting intimate interviews and bringing audiences behind the scenes of the most … Read more
Economists did not believe it was possible, but they’ve been wrong a lot lately, and in their defense it has only ever happened once (or maybe twice) before: We may be witnessing that rare achievement known as a soft landing. The US Federal Reserve’s latest forecast expects the inflation rate to slide back down to … Read more