English News
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Facebook’s acquisition of Giphy raises competition concerns, U.K. watchdog says
KEY POINTS The Competition and Markets Authority launched the first phase of its investigation on Jan. 28. The CMA said…
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Dow erases a 300-point loss and rises 200 points in volatile trading
(CNBC)- U.S. stocks wiped out earlier losses and turned higher in volatile trading Thursday as the market tried to rebound…
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Hong Kong’s Hang Seng index falls into correction territory as Asia-Pacific stocks largely decline
KEY POINTS The Hang Seng index in Hong Kong was one of the biggest losers among the region’s major markets…
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Dollar inches higher after Yellen, Powell signal U.S. economic strength
(CNBC)- The dollar inched higher on Wednesday as the U.S. Treasury Secretary and Fed chair indicated to Congress that they…
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Oil up as Suez Canal ship runs aground, stemming market’s recent weakness
(CNBC)- Oil rose more than 6% on Wednesday after a ship ran aground in the Suez Canal, and worries that…
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Gold shrugs off higher dollar after Powell testimony
(CNBC)- Gold gained on Wednesday, taking an uptick in U.S. Treasury yields and the dollar in stride, as the safe-haven…
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S&P 500 reverses gains and closes lower as tech sells off, Nasdaq falls 2%
The S&P 500 gave up earlier gains and closed in the red Wednesday as tech stocks sold off, continuing a…
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Yellen supports banks’ share buybacks. Sen. Warren wants BlackRock designated too big to fail
KEY POINTS Treasury Secretary Janet Yellen gave her blessing to the Federal Reserve’s decisions late last year to allow banks…
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Crypto is a ‘speculative vehicle’ and should be regulated, says boss of central bank group BIS
KEY POINTS Cryptocurrencies should face more regulation, according to the Bank for International Settlements’ Agustin Carstens. Tokens like bitcoin are…
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Elon Musk says people can now buy a Tesla with bitcoin
KEY POINTS The automaker last month revealed that it had bought $1.5 billion worth of bitcoin. People outside the U.S.…
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GameStop shares fall 33% on lack of transformation detail, possible share sale
KEY POINTS GameStop missed on the top and bottom lines of its quarterly results, but e-commerce sales jumped 175% last…
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Stocks making the biggest moves midday: Peloton, AstraZeneca, Boeing & more
Check out the companies making headlines in midday trading. Microsoft — Shares of the tech giant jumped about 1.5% as the…
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