Lifestyle
US: Stocks finish lower after May jobs data
Wall Street stocks finished modestly lower on Friday (Jun 7) following a choppy session after strong US job growth in May further dampened the outlook for imminent interest rate...
GameStop’s sales down on weak store traffic, as company releases results early
GAMESTOP said first-quarter net sales dropped and announced a more than US$3 billion stock offer as it released its quarterly report early, sending the video games retailer’s shares down...
Europe, US fearful of Chinese electric cars, says BYD founder
FOREIGN countries are “afraid” of Chinese electric vehicles, BYD chairman Wang Chuanfu said in a swipe at European and US efforts to constrain imports of China-made cars.
“There are many...
China’s Luckin Coffee is back from the brink and beating Starbucks
AFTER revelations of accounting fraud at coffee chain Luckin Coffee emerged in 2020, many believed it was over for the company seen as China’s answer to Starbucks.Today, Luckin has...
Hertz weighs US$700 million sale of secured debt, convertibles
HERTZ Global Holdings, seeking to bolster its balance sheet after an electric vehicles (EVs) blunder, is considering the sale of at least US$700 million in secured debt as well...
Meta’s WhatsApp launches new AI tools for businesses
META launched its first artificial intelligence (AI) driven ad targeting programme for businesses on WhatsApp, as it tries to wring revenue out of the popular chat service, the company...
Oil settles higher on hopes Fed will track European Central Bank rate cuts
OIL settled up 2 per cent on Thursday (Jun 6) after the European Central Bank (ECB) opted to cut interest rates, spurring hopes that the Fed will follow suit,...
US: S&P 500, Nasdaq dip on the eve of US payrolls data
THE S&P 500 and Nasdaq composite finished lower on Thursday (Jun 6) ahead of a key labour market report, retreating from record highs reached in the previous session. The...
