Chinese ride-hailing giant Didi Global Inc. said late Thursday it plans to delist from the New York Stock Exchange, bowing to pressure from the Chinese government. “After careful study, the company will start delisting on the New York Stock Exchange immediately, and start preparations for listing in Hong Kong,”...
The Federal Trade Commission sued to block Nvidia Corp.’s proposed $40 billion acquisition of Arm Ltd. on Thursday. The FTC said in an announcement that Nvidia’s NVDA, +2.20% “proposed vertical deal would give one of the largest chip companies control over the computing technology and designs that rival firms...
Major U.S. stock indexes ended higher Thursday, snapping two straight days of losses as investors bought the dip that had been sparked by worries over the omicron variant of the coronavirus and concern the Federal Reserve may become more hawkish than anticipated to combat high inflation. The Dow Jones...
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The ProShares UltraPro Short QQQ ETF SQQQ, -2.69% dropped 3.0% on heavy volume in midday trading Thursday, as the Invesco QQQ ETF QQQ, +0.81%, which tracks the Nasdaq 100 NDX, +0.77%, jumps 0.9%, with 85 of its 103 equity components gaining ground. Trading volume in the UltraPro Short QQQs,...
The White House will unveil new measures later Thursday to help the U.S. get through winter while dealing with the new variant of the coronavirus that causes COVID-19, and will emphasize at-home tests and boosters in a public-education campaign. The measures come a day after the first case of...
This article is reprinted by permission from NextAvenue.org. A recent Next Avenue article and “Friends Talk Money” podcast episode shared one of the principles from my new book “What the Happiest Retirees Know: 10 Habits for a Healthy, Secure, and Joyful Life.” Specifically, they highlighted my discovery that the happiest...
By Giulia Petroni The European Commission said Thursday that it has fined Barclays PLC, UBS Group AG, HSBC Holdings PLC, Royal Bank of Scotland and Credit Suisse Group AG a total of 344 million euros ($389.6 million) for participating in a foreign-exchange spot trading cartel. "The Commission's investigation revealed...
By Joe Hoppe GlaxoSmithKline PLC said Thursday that preclinical data shows its Sotrovimab antibody retains its effectiveness against key mutations found in the Omicron coronavirus variant. The British pharmaceutical major said that the data was created through pseudo-virus testing of specific individual mutations found in the variant, and...
The outlook: While the economy was growing at a moderate pace in November, businesses were raising prices at a rapid clip across a broad swath of the economy , according to the Fed’s latest Beige Book survey released Wednesday. “Prices rose at a moderate to robust pace, with price...