Ted S. Warren-Pool/Getty Images Chinese President Xi Jinping halted Ant Group's historic $37 billion initial public offering after its founder, Jack Ma, criticized government leaders, The Wall Street Journal reported.A week before the Chinese fintech was set to go public, Ma made incendiary comments that didn't go down well with the president or other government…
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A Shell tanker truck delivers fuel to a gas station, operated by Royal Dutch Shell Plc., in Rotterdam, Netherlands. Jasper Juinen | Bloomberg | Getty Images LONDON — Oil giant Royal Dutch Shell on Thursday reported better-than-expected third-quarter earnings and announced plans to increase its dividend to shareholders. The Anglo-Dutch company reported adjusted earnings of…
Samsung Electronics has announced quarterly earnings for the July-September 2020 period, making 66.96 trillion won (~$59 billion) in revenue and 12.35 trillion (~$11 billion) in operating profit. That’s the highest quarterly revenue figure ever for the Korean electronics giant, which says that it was able to meet a boost in customer demand following COVID-19 disruption.…
TipRanks3 Big Dividend Stocks Yielding at Least 8%; Wells Fargo Says ‘Buy’With the Georgia election behind us, and the Trump Administration on the way out, the near- to mid-term political landscape is growing clearer: The Biden Administration will be able to cater to its progressive base, now that it rests on majorities – however thin…
What a whirlwind holiday for Jack Ma and his fintech empire. The People’s Bank of China, the country’s central bank, summoned Ant Group for regulatory talks on December 26, announcing a sweeping plan for the fintech firm to “rectify” its regulatory violations. The meeting came less than two months after China’s financial authorities abruptly halted…
The venture-capital offices around Silicon Valley remain largely empty, but their coffers will soon be brimming after what has shaped up to be a surprisingly resilient year for technology startups. The initial public offerings this week of DoorDash Inc. and Airbnb Inc. cap a string of listings that have helped make this the most lucrative…
An exterior view of the Oracle Field Office at Wilson Boulevard in Arlington, Virginia, October 18, 2019.Tom Brenner | ReutersOracle is the latest tech company to move its headquarters out of California. The company said on Friday it's moving its headquarters from the Silicon Valley to Austin, Texas."Oracle is implementing a more flexible employee work…
Hong Kong (CNN Business)Global stocks were mixed on Wednesday after the Dow closed above 30,000 points for the first time, hitting pause on a market rally that has been fueled by encouraging vaccine news and signs that a formal transition of power is underway in Washington.US stock futures were little changed ahead of the open.…
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