Market Overview - Page 217

Vietnam is likely the top-performing Asian economy in 2020 — a feat that was achieved without a single quarter of economic contraction at a time when many economies globally were weighed down by the coronavirus pandemic. Not every Asian economy.

Huawei’s smartphone shipments have continued to plunge as a result of U.S. sanctions, sending the once No. 1 vendor in the world tumbling below rivals like Apple. The Chinese technology giant shipped 33 million smartphones globally in the fourth quarter.

One retail research and advisory group is forecasting there could be as many as 10,000 store closures announced by retailers in the United States this year, which would set a new record, as the Covid pandemic continues to take a.

Apple raked in its highest ever revenue in the greater China region in the December quarter as a record number of iPhone upgrades helped the U.S. tech giant in one of its most important markets. Greater China revenue came in.

GameStop and AMC Entertainment tumbled in overnight trading on Wednesday, set to give back some of the meteoric rally amid a retail buying frenzy. Shares of the brick-and-mortar video game retailer dropped 15.97% in extended trading, following a more-than 130%.

The S&P500 closed Wednesday down 2.6%, while DJI lost 2%, which predetermined the markets’ negative sentiment on Thursday morning, taking away 1.8% from the MSCI’s broadest index of Asia-Pacific. The sharp sentiment reversal was illustrated by Apple’s performance, losing more.

Markets are mixed on Wednesday morning. Asian markets and European index futures are losing between 0.3%-0.5%, while Nasdaq100 and Nikkei225 are gaining the same amount, supported by robust corporate reports from technology giants such as Microsoft. Despite active vaccinations, there.

Early Bitcoin investor and industry proponent Chamath Palihapitiya has signaled a potential run for the position of California governor. The CEO of venture capital firm Social Capital, Chamath Palihapitiya, appeared to announce his intentions in a Tweet on January 26..

The Biden administration is expected to announce a temporary suspension of new oil and gas leasing on U.S. federal lands and waters on Wednesday, and to order that nearly a third of federally run acreage is conserved over the next.

Oil prices climbed on Wednesday after industry data showed U.S. crude stockpiles fell unexpectedly last week and China, the world’s second-biggest oil user, reported its lowest daily rise in COVID-19 cases, bolstering hopes of a pick-up in demand. Brent crude.

One of China’s key short-term money rates surged to a near six-year high on Wednesday as investors worried that policymakers may be starting to shift to a tighter stance to cool gains in share prices and property markets. Unlike the.

Nissan Motor Co said on Wednesday all its “new vehicle offerings” in key markets would be electrified by the early 2030s, as part of the Japanese automaker’s efforts to achieve carbon neutrality by 2050. The company, which plans to cover.