Finance

PBOC’s latest move came at the end of a week-long national day holiday in China. When Chinese markets were closed last week, Hong Kong stocks fell for four consecutive days as investors grew increasingly concerned that the impact of the trade war is starting to show. Experts had expected the sell-off to spill over to
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Wall Street is buzzing over the battle between Tesla CEO Elon Musk and investors who are betting against the company’s stock. On Thursday, Musk blasted short sellers and mocked the Securities and Exchange Commission on social media. But many respected investors and experts have said short selling plays an important role in public markets, improving
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Elastic, a company that commercializes open-source software for search and data analytics, saw its stock soar as much as 104 percent on Friday, its first day of trading on the Nasdaq, under the symbol ESTC. The performance is more dramatic than some other initial public offerings from technology companies in 2018, including DocuSign and Dropbox.
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The professional and business services industry added 54,000 jobs in September, leading the categories. This industry includes jobs such as lawyers, accountants, consultants, architects and engineers. Transportation and warehousing was also a bright spot, gaining about 24,000 jobs for the month. On the flip side, the leisure and hospitality sector suffered job losses of 17,000
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Jason Janik | Bloomberg | Getty Images Robert Neely prepares to load a silicon wafer machine in a clean room at the Texas Instruments semiconductor fabrication plant in Dallas, Texas, U.S., on Tuesday, June 16, 2009. Texas Instruments Inc., the second-largest U.S. semiconductor maker, reported sales and profit that beat analysts’ estimates on stronger demand
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Check out the companies making headlines after the bell: Tempur Sealy International shares jumped more than 8 percent in after-hours trading following reports that competitor Mattress Firm is preparing to file for bankruptcy. Reuters reported on Tuesday that Mattress Firm could file for bankruptcy as soon as this week. Mattress Firm has been owned by
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With the rupee hovering close to its all-time weakest level against the U.S. dollar, India’s central bank is widely expected to hike interest rates this week to shore up the currency. The rupee has been the worst-performing Asian currency this year, losing around 14 percent against the greenback on the back of higher U.S. interest
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David Paul Morris | Bloomberg | Getty Images Katrina Lake, co-founder and chief executive officer of Stitch Fix Inc. Check out the companies making headlines after the bell: Stich Fix shares plunged more than 21 percent percent in after-hours trading after the company released a mixed fourth-quarter earnings report. The apparel subscription retailer reported earnings
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If you haven’t visited a college campus, secondhand store or seen “Crazy Rich Asians,” in which one of the central characters possesses a Jamba Juice freebie card, you may not have heard: Thrift is cool. In hospitality, that spirit has worked its way from Airbnb mania to spinoff hotel brands and independent properties that promise
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Wall Street is buzzing over SEC’s civil action against Tesla CEO Elon Musk, predicting significant negative ramifications for the electric car market due to the action. Shares of the automaker fell 13.9 percent on Friday, their worst day since November 2013. The Securities and Exchange Commission sued Musk on Thursday, alleging for fraud. The complaint
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Check out the companies making headlines before the bell: BlackBerry — The communications software maker reported adjusted quarterly profit of 4 cents per share, compared to a consensus estimate of a penny a share, with revenue also beating forecasts. Lowe’s – The home improvement retailer’s stock was upgraded to “buy” from “hold” at SunTrust Robinson
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