Category: business

Here’s what we’re watching ahead of the opening bell on Monday. Stocks look to be pulling back from last week’s record highs. Futures tied to the S&P 500 edged down 0.1% after the benchmark stocks gauge posted its 20th all-time closing high of 2021 on Friday. Futures for

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HONG KONG—A monthslong legal fight by Huawei Technologies Co. Chief Financial Officer Meng Wanzhou to obtain documents from HSBC Holdings PLC as part of her battle against extradition to the U.S. resulted in a settlement in a Hong Kong courtroom. At a hearing in Hong Kong’s

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2,270 votes and 107 comments so far on Reddit

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Ant Group Co., the financial-technology giant controlled by billionaire Jack Ma, will apply to become a financial holding company overseen by China’s central bank, overhauling its business to adapt to a new era of tighter regulation for internet companies. In a statement,

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Levi Strauss & Co.’s finance chief is ramping up the jeans maker’s capital spending, aiming to spend two-thirds of it on digital initiatives to aid the company’s recovery from the effects of the coronavirus pandemic. San Francisco-based Levi’s this year plans to allocate

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In the disruptive words of Sanjiv Bajaj, CMD, Bajaj Finserv, in order to attain the $5 trillion GDP goal and truly become self-reliant, India must first and foremost break free from the shackles of over-reliance on foreign investment and become Atmanirbhar in domestic

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When Credit Suisse CS -2.74% Group AG announced a $4.7 billion hit from the Archegos Capital Management meltdown, there was a silver lining: The rest of its investment bank did so well in the quarter, the overall pretax loss would only be $1 billion. The situation exposes

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Prices are surging for raw materials, leading to higher costs for companies from home builders to clothing makers. If history repeats, that will be a boon to corporate bottom lines and investors as well. Rising material costs usually foreshadow fatter profit margins,

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U.S. stock futures slipped Monday, signaling a muted opening for major indexes that stand at record highs ahead of a busy week of corporate earnings and economic data. Futures tied to the S&P 500 edged down 0.2% after the benchmark stocks gauge posted its 20th all-time

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Vox Media said it is acquiring Cafe Studios Inc., publisher of a popular podcast hosted by former Manhattan U.S. attorney Preet Bharara, part of a bid to expand its growing audio business. The companies didn’t disclose financial terms of the deal. Mr. Bharara will join Vox

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Retail broking firm Upstox has alerted customers of a security breach that included contact data and KYC details of customers, but assured users that their funds and securities remain safe. The development comes close on the heels of reports of data breaches at organisations

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Before the Covid pandemic erupted, Brooks McCoy made $103,000 a year as a regional director for a commercial cleaning franchise in North Carolina. After being laid off last March, the mother of two resorted to selling Pampered Chef cookware to friends of friends. In August,

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An antibody drug from Regeneron Pharmaceuticals Inc. reduced the risk of developing symptomatic Covid-19 infection by 81% compared with a placebo in people living with someone infected by the new coronavirus, a study found. The results point to potential new preventive

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TAIPEI—Alibaba Group Holding Ltd. said Monday that it would invest in measures to support merchants on its platform, two days after China’s antitrust regulator imposed a record fine against the company founded by Jack Ma for abusing its dominant position over vendors and

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1,935 votes and 54 comments so far on Reddit

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0 votes and 114 comments so far on Reddit

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0 votes and 148 comments so far on Reddit

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Amazon . com Inc. employees in Alabama who sided against unionization said they had broad concerns about job security and grew convinced that their pay and benefits might not markedly increase with the help of a union. The resounding victory for Amazon, the nation’s

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Businesses and governments across the West are gearing up to counter China’s dominance in a key component of modern technology: the magnet. But the dozens of companies jostling for government support will struggle to establish a supply chain to rival China’s rare-earth

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