Musk Says He Wants To Cut 10pc Of Tesla Work Force
Tesla CEO Elon Musk has a "super bad feeling" about the economy and wants to cut about 10 percent of jobs at the electri... Read more
US Stocks End Sharply Higher Ahead Of Key Jobs Report
Wall Street ended sharply higher on Thursday, led by Tesla, Nvidia and other megacap growth stocks in a choppy session a... Read more
Hong Kong Stocks See Sharp Drop At Opening
Hong Kong stocks opened on Thursday morning with big losses fuelled by concerns about the outlook for the global economy... Read more
US Stocks Fall Again Amid Lingering Inflation Angst
Wall Street stocks slid for a second straight day on Wednesday following a choppy session as inflation worries continued... Read more
PMI Shows China's Factory Activity Improving In May
China's factory activity shrank less sharply in May as Covid-19 curbs eased and some production resumed, improving from ... Read more
US Stocks Resume Decline Amid Inflation Concerns
Wall Street stocks retreated on Tuesday as worries about inflation, Federal Reserve interest rate hikes and weakening co... Read more
Eurozone Inflation Soars To New Record
Eurozone inflation accelerated to another record high in May, data showed on Tuesday, as the war in Ukraine stoked energ... Read more
Stimulus Measures To Support Virus-hit Economy
China's cabinet announced a package of 33 measures covering fiscal, financial, investment and industrial policies on Tue... Read more
China's Factory Activity Falls At Slower Pace
China's factory activity contracted at a slower pace in May as Covid-19 curbs in major manufacturing hubs were relaxed, ... Read more
Hong Kong, Mainland Shares Start With Healthy Gains
Hong Kong and mainland stocks opened higher on Monday, in line with gains across Asia and following another rally on Wal... Read more
Low-paid US Workers Still Have A Long Way To Go
Fast-food employees in Manhattan demonstrating for a wage of US$20 an hour: a demand unthinkable before the Covid-19 pan... Read more
US Stocks End Long Weekly Losing Streak
Wall Street closed sharply higher on Friday as signs of peaking inflation and consumer resiliency sent investors into th... Read more
Private Home Prices Reverse Downward Trend
Government data released on Friday showed private home prices have gone up slightly, after falling for three straight mo... Read more
Industrial Profits Plunge Amid Covid Restrictions
Profits at China's industrial firms fell at their fastest pace in two years in April as high raw material prices and sup... Read more
Tech Firms Lead Hang Seng Index Surge
Hong Kong shares rallied more than three percent on Friday morning thanks to a surge in tech firms after strong earnings... Read more