In a significant move that signals growing concern over China’s economic trajectory, Fitch Ratings has revised its outlook on China’s long-term foreign-currency issuer default rating to ‘negative’ from ‘stable’.
The stock, which trades under the ticker symbol DJT, opened at a strong position and continued to climb, reflecting the enthusiasm of individual investors, many of whom are supporters of Mr. Trump.
Reddit, the popular online forum where millions of users post, comment and vote on a variety of topics, has signed a lucrative deal to sell its vast trove of user-generated content to an unnamed artificial intelligence company
PayPal Holdings, the digital payments giant, said on Tuesday that it would cut about 2,500 jobs, or 9 percent of its global workforce, this year, as it faces increasing pressure from competitors and rising costs.
The FTSE 100, Britain’s benchmark stock index, rose to its highest level in three months on Wednesday, as investors welcomed a surprise drop in inflation that eased pressure on the Bank of England to raise interest rates.
Changpeng Zhao, known as “CZ” in the cryptocurrency world, recently stepped down as the CEO of Binance, the globe’s largest cryptocurrency exchange. This unexpected move came alongside his guilty plea to serious federal money laundering charges.
Berkshire Hathaway, the conglomerate led by Warren Buffett, reported a 40% increase in its operating earnings for the third quarter of 2023, as well as a record-high cash balance of $157 billion.
The social network announced that it would eliminate 668 jobs as part of a restructuring effort to streamline its operations and improve its efficiency.
European stocks closed lower on Thursday, as investors digested the latest rate hikes by the U.S. Federal Reserve and the European Central Bank
China’s property sector, which accounts for a third of its economic output, is facing a severe downturn that could have global repercussions.
