With the trading day more than halfway over, the broad markets were in full retreat. Retail sales reported earlier in the morning missed estimates, and this has some investors concerned. At the same time, many investors are concerned about the geopolitical ramifications of the U.S. pulling out of Afghanistan and what could happen next. 24/7 Wall St. is reviewing some […]

New York (CNN Business)Apple, Google and other big companies around the world are continuing to add to their massive piles of cash, a sign that corporations are increasingly nervous about how the highly contagious Delta variant of Covid-19 could damage the global economy. The world’s largest nonfinancial companies had a record $6.85 trillion in cash on their balance sheets as […]

Of the major bourses, the U.K.'s FTSE 100 index was expected to open down around 10 points at 7,136, France's CAC 40 was seen 4 points lower at 6,829, while Germany's DAX was little changed at 15,894, according to IG. The ongoing coronavirus pandemic and spread of the highly transmissible delta Covid-19 variant has rattled market confidence. Investors are also […]

FILE PHOTO: People jog past a social distancing sign on the first day of New Zealand’s new coronavirus disease (COVID-19) safety measure that mandates wearing of a mask on public transport, in Auckland, New Zealand, August 31, 2020. REUTERS/Fiona GoodallWELLINGTON (Reuters) -New Zealand on Tuesday reported its first case of COVID-19 in the community in six months after a person […]

Several well-known hedge funds made big bets on Chinese ride-hailing company Didi, which went public in June just before Chinese regulators announced a probe. Didi raised $4.4 billion in its U.S. initial public offering on June 30, selling 316.8 million ADRs. Early July, China's cyberspace regulator said it was probing the company, sending Didi's stock tumbling. In this article DIDI Well-known hedge funds […]