US stocks declined on Tuesday ahead of a slew of economic data and Federal Reserve chair Jerome Powell’s congressional testimony. At 9:40 a.m. Eastern time, the Dow Jones Industrial Average was down 182 points, or 0.5 per cent, the S&P 500 was 0.5 per cent lower, and the Nasdaq composite was 0.9 per cent lower. … Read more
A Chinese flag flutters on top of the Great Hall of the People ahead of the opening ceremony of the Belt and Road Forum (BRF), to mark 10th anniversary of the Belt and Road Initiative, in Beijing, China October 18, 2023. Edgar Su | Reuters That’s all led to questions over whether Beijing will step … Read more
The Comac C919 is not very different from what Airbus and Boeing already have in the market, and that it was “not going to rock the boat in particular,” Christian Scherer, chief executive officer of Airbus’s aircraft commercial business said. “It looks a bit like an Airbus narrow body,” Scherer said, tongue in cheek, noting … Read more
Boeing will not be bringing any commercial planes to the Singapore Airshow, shifting the spotlight for passenger jets to rival Airbus as well as China’s homegrown offering. “The industry contacts we speak to believe the problems at Boeing, specifically the 737 Max, present an early opportunity for Comac,” Northcoast Research analyst Chris Olin told CNBC. … Read more
US stocks sank on Tuesday after the worse-than-expected inflation data dampened hopes of interest rates cut in May. At 9:42 a.m. ET, the Dow Jones Industrial Average was down 427.32 points, or 1.10 per cent, at 38,370.06, the S&P 500 was down 66.94 points, or 1.33 per cent, at 4,954.90, and the Nasdaq Composite was … Read more
US stock indices were muted on Monday as investors awaited key economic data including inflation due this week. At 9:51 a.m. ET, the Dow Jones Industrial Average was up 21.04 points, or 0.05 per cent, at 38,692.73, the S&P 500 was up 1.20 points, or 0.02 per cent, at 5,027.81, and the Nasdaq Composite was … Read more
A passenger tries out a pair of Rokid AR glasses on a Hainan Airlines flight in China. Rokid BEIJING — Hainan Airlines this week started letting passengers on some routes use Rokid’s augmented reality glasses for free for in-flight entertainment, the tech startup announced Thursday. Chinese start-up Rokid claimed it’s the first time AR glasses … Read more
CNBC’s Jim Cramer on Thursday told investors not to be wary of the Big Tech megacap stocks, saying their high valuation is well-earned. “Just because we haven’t seen the likes of them before doesn’t make them bogus,” he said. “They didn’t get their trillion-dollar valuations by fooling the most people. They got there because there … Read more
A pedestrian speaks on a mobile phone as he watches a digital screen relaying the budget speech by Indian Finance Minister Nirmala Sitharaman on the facade of the Bombay Stock Exchange (BSE) in Mumbai on February 1, 2021. PUNIT PARANJPE | AFP via Getty Images In a report released Monday, the finance ministry said the … Read more
US stock indices were muted on Monday ahead of the Federal Reserve’s monetary policy meeting scheduled for January 30-31 and earnings from Big Tech companies. At 11:27 a.m. ET, the Dow Jones Industrial Average was down 16.46 points, or 0.04 per cent, at 38,092.97, the S&P 500 was up 1.04 points, or 0.02 per cent, … Read more