Ant Group’s initial public offering has prompted a rush among investors to secure a piece of the world’s biggest ever stock sale, helping to push the fundraising total to almost $37bn. The Chinese payments group’s dual IPO across Shanghai and Hong Kong has generated huge demand among institutional funds... Read more
A view from the Apple Store on Fifth Avenue in New York City. Getty Images Apple Inc.’s new subscription bundle, Apple One, will launch Friday, offering access to the company’s various online services at a lower price. “We had customers coming to us and asking for an easier way... Read more
Keeping up with demand during the Christmas period will be “tight”, Amazon has warned, advising shoppers to buy early in what it predicts will be yet another record-breaking quarter. The company said it expected sales in the year’s all-important fourth quarter to comfortably surpass $100bn, in what would be... Read more
Apple reported fiscal fourth-quarter earnings Thursday. AFP/Getty Images Record Mac sales helped Apple Inc. make up for a lack of new iPhones in its fiscal fourth quarter, as the COVID-19 pandemic continued to drive surging demand for remote-work tools. Though Apple’s AAPL, +3.70% iPhone business fell short in the... Read more
Apple posted record top-line results for the September quarter even as iPhone sales slipped 21 per cent from a year ago, demonstrating that the tech group is benefiting from the growth of services, hardware and accessories. Apple reported $64.7bn of revenue in its fiscal fourth quarter ending in September,... Read more
AFP via Getty Images Shares of General Electric Co. pulled a sharp intraday U-turn Thursday to close in negative territory, as they once again failed to sustain gains above a chart resistance level, even as Wall Street analysts praised the industrial conglomerate’s blowout earnings report. The stock GE, -0.67%... Read more
A US federal judge has temporarily halted the extradition of two US citizens accused of orchestrating Carlos Ghosn’s daring escape from Japan last year, shortly after the US government approved their removal. Lawyers for Michael Taylor, a former Green Beret, and his son Peter, said in a court filing... Read more
Billionaire Las Vegas Sands Corp. CEO Sheldon Adelson kept up his major giving to Republican candidates and groups in the 2020 cycle, putting him easily at No.1 among all S&P 500 index bosses when it comes to political spending. Adelson, who is also the casino company’s founder and chairman,... Read more
Corporate bond markets are beginning to creak ahead of the US election as investors become more skittish, fearful that rising coronavirus cases and delays in Washington on further stimulus could hit the US economy. Investors have sought to walk a tightrope in recent weeks, balancing America’s uncertain political direction... Read more
What just happened? Amidst the biggest U.S. stock market tumble since June this week, investors seemed to take a barbell approach: snapping up safety, in the form of utilities ETFs, and transformative innovations like biotech. An intriguing new ETF, while arguably a bit late to the party it helped... Read more