This story is part of Forbes’ coverage of Hong Kong’s Richest 2023. See the full list here. Despite woes in the mainland property market, Hong Kong billionaire Vincent Lo is playing the long game with...
Category: Finance
Live Finance News Updates.
Chip giant squeaks by Wall Street expectations, despite 46% drop in gaming revenue
Graphics card giant Nvidia (NVDA) announced its Q4 earnings after the bell on Wednesday, beating analysts’ estimates on the top and bottom line despite a 46% year-over-year decline in gaming rev...
What has Hong Kong Bought now for Retail Investors?
Hong Kong said no to retail traders on June 1, let’s have a look at what the nation holds for the crypto community in that period. Leo Weese, co-founder of Bitcoin Association of Hong Kong, said that ...
Collective Wealth Edges Down Amid Hopes Of An Economic Recovery
Li Ka-shing Calvin Sit/Bloomberg This story is part of Forbes’ coverage of Hong Kong’s Richest 2023. See the full list here. Hong Kong’s economy contracted by 3.5% in 2022, as export disruptions and w...
Crispr Therapeutics: FDA Filing on Sickle Cell Gene Therapy Is Almost Done
An approval filing for a breakthrough treatment of sickle cell disease should be done by March, Crispr Therapeutics said, highlighting the company’s lead in a competitive area of medical research and ...
11 Colorado School Districts Enter Lockdowns Over Active Shooter Reports—But FBI Says No ‘Credible Threat’
Topline Boulder High School in Colorado was evacuated Wednesday morning after an unconfirmed report of an active shooter was called into local police, as police departments across Colorado investigate...
S&P 500, Dow fall after Fed minutes signal continued rate hikes
U.S. stocks closed mixed after choppy trading Wednesday as investors pored over minutes from the Federal Reserve’s last meeting earlier this month for clues on its next move. The latest readout ...
Nipsey Hussle’s Killer Eric R. Holder Jr. Sentenced To 60 Years In Prison
Topline Eric R. Holder Jr., the 32-year-old man who killed rapper and activist Nipsey Hussle, was sentenced to 60 years in prison Wednesday, nearly four years after the Grammy-nominated artist was sho...
‘a lot of upside may be priced in’
Nvidia Corporation (NASDAQ: NVDA) gained nearly 10% in extended hours after reporting market-beating results for its fourth financial quarter. Pro shares his outlook on Nvidia stock Shareholders are a...
here comes the hard economic landing
The bond king is bracing for a hard economic landing. “We have been preparing for a hard landing at DoubleLine,” DoubleLine Capital founder and CEO Jeffrey Gundlach exclusively told Yahoo ...
ImmutableX Price Analysis: The Return of Bearish Rally
The current market trend of the IMX is Bearish dominance. The price of the coin is surfing around $0.9629 with a drop of 3.07% during the last intraday trading session. The pair of IMX/BTC is ar...
Tesla Engineering Headquarters Will Open In California, Musk Announces
Topline Billionaire Elon Musk will locate Tesla’s engineering headquarters to Silicon Valley, he announced in a joint press conference Wednesday with California Gov. Gavin Newsom (D), two years after ...
Forsage founders indicted in $340 million Ponzi scheme
Legal • February 22, 2023, 6:34PM EST The founders of Forsage, a decentralized finance crypto investment platform, were indicted for their alleged roles in a $340 million “global Ponzi and pyramid sch...
Is C3.ai A Buy Right Now? Here’s What Earnings, AI Stock Chart Show| Investor’s Business Daily
C3.ai (AI) skyrocketed earlier this month. Although AI stock has risen, it is well below its all-time high of 183.90, which it reached in Dec. 2020. AI users successfully started using artificial inte...
How This Small Wine Business Grew By Offering Connection And Education
Crystal Cameron-Schaad, DipWSET, proprietor of Crystal Palate in the East Beach neighborhood of … [+] Norfolk, Virginia Courtesy of Crystal Cameron-Schaad, DipWSET Crystal Cameron-Schaad says th...
What’s happening to Unity shares in after-hours trading?
Shares of Unity Software Inc (NYSE: U) slid 10% in extended trading even though the game-engine company reported its first profitable (adjusted) quarter as a public company. Why is Unity stock down? T...
We’re in danger of falling into 1970s-style inflation without aggressive interest rate hikes, according to a top Fed official
A “blowout jobs report” pushed the unemployment rate to a 53-year low of 3.4% in January, and despite persistent inflation, consumers keep fueling the economy with robust spending. Normally, that woul...
Deutsche Bank Successfully Finishes Trial of Tokenized Investing Platform
German financial giant Deutsche Bank is announcing the successful finish of a trial for a tokenized investing platform. In a new announcement, Deutsche Bank says it has successfully completed a new pr...
Wells Fargo lays off mortgage bankers days after rewarding some with California retreat
Palm Spring Deserts, California Lonely Planet Wells Fargo laid off hundreds of mortgage bankers this week as part of a sweeping round of cuts triggered by the bank’s recent strategic shift, CNBC...
The Block comes knocking in Discord scam
“Hello there, I am Rummer. from theblock.co where I work as a Article Writer. Our team is intrigued by your NFT project and we would like to request permission to write an article about your project.”...
Fed Wants ‘Substantially’ Lower Inflation Before Easing Interest Rates—And Some Officials Backed More Aggressive Hikes
Topline With inflation continuing to run hotter than expected, the Federal Reserve is showing no signs of backing down on its aggressive monetary policy, according to notes from the Fed’s policy...
Almost all officials backed quarter-point hike
WASHINGTON (AP) — Nearly all Federal Reserve policymakers agreed earlier this month to slow the pace of their rate increases to a quarter-point, with only “a few” supporting a larger half-point hike. ...
‘Rust’ Will Resume Filming This Spring With Alec Baldwin As The Star—Despite Manslaughter Charges
Topline The western movie Rust will resume filming this spring with Alec Baldwin at its helm, producers announced Wednesday, 16 months after a gun in Baldwin’s hand fired on set, killing cinematograph...
These 3 Just Hit New Highs
Inflation, food getty Levels of food price inflation continue higher as the Fed considers taming the phenomenon through the use of higher interest rates for longer periods of time. In the meantime, ce...
Opinion: No ‘soft landing’ is in the cards from Fed rate hikes. Look for recession and a buying opportunity once stock prices decline.
Is the bear market of 2022 over? Are we already in the early innings of the next great bull market? The S&P 500 SPX, -0.16% finished 2022 with a 19% decline (its biggest pullback since 2008). Mean...