In this article DIDI Budrul Chukrut | LightRocket | Getty Images Shares of Didi are poised for double-digit gains this week amid a Bloomberg News report that Beijing is eyeing a plan to take the troubling ride-hailing giant under state control by acquiring a stake through government-run firms. State-owned Beijing Tourism Group and other companies
Visitors crowd around the Nvidia booth at the 2016 China Digital Entertainment Expo, known as ChinaJoy, in Shanghai. STR | AFP | Getty Images Check out the companies making headlines in midday trading. Didi Global — Shares of the Chinese ride-hailing giant climbed 3%, on pace for double-digit gains on the week amid a Bloomberg
Buying an asset in a downtrend can be a risky maneuver because most investors struggle to spot reversals and as the trend deepens traders take on deep losses. In instances like these, being able to spot descending channel patterns can help traders avoid buying in a bearish trend. A “descending channel,” also known as a
Like nearly every industry, the Covid-19 pandemic has rattled the commercial real estate (CRE) sector. As businesses reopen, owners are being forced to make tough decisions, such as whether or not they should continue to rent office space. Consequently, landlords and other CRE investors may see a continued impact on their revenue stream. As experts
A crowd of supporters including elected officials, legal professionals and concerned neighbors gathered to attempt to stop an illegal eviction of a resident in Bushwick, Brooklyn during the State mandated moratorium due to the pandemic, August 8, 2020. Erik McGregor | LightRocket | Getty Images New York State lawmakers have voted to extend an eviction
Jennifer Fredericks joined Ice Miller LLP last month to take on the newly created role of director of business development for public finance. Fredericks left Bank of New York Mellon, where she was a vice president of business development for the corporate trust group, to take the Ice Miller position. At BNY Mellon she led
Steve Reitmeister shares details from a recent Zacks Rank performance study to help investors set realistic expectations.
According to a recent report, the National Football League (NFL) advised teams that they could not, at least for now, sell non-fungible tokens (NFTs) and sponsorships to digital currency companies. Advertisements for specific crypto assets were mentioned alongside initial coin offerings (ICOs), according to various club sources who remained anonymous. Anonymous Club Sources Disclose the
The Municipal Securities Rulemaking Board has asked the Securities and Exchange Commission for permission to extend the deadline to pass the Series 54 exam two weeks to Nov. 30, 2021, from the previous date of Nov. 12. The extension comes, as promised, shortly after the agency began offering remote examinations following news that a municipal
A sharp slowdown in US jobs growth precludes the possibility that the Federal Reserve will announce plans this month to begin scaling back its pandemic-era stimulus, economists say, as the spread of the Delta coronavirus variant muddies the economic outlook. Following very strong payrolls reports in June and July, the US central bank readied for
In this article XOM A view of the ExxonMobil Baton Rouge Refinery in Baton Rouge, Louisiana, May 15, 2021. Kathleen Flynn | Reuters Activist firm Engine No. 1 after winning three board seats at Exxon is meeting with other oil companies in its climate change fight, a source familiar told CNBC’s David Faber. The hedge
Traders on the floor of the New York Stock Exchange, June 18, 2021. Source: NYSE After a weak jobs report, strategists say investor focus may stay on strong profit growth rather than other potential negatives. Stocks were mixed in the past week, ahead of the long Labor Day weekend, with the Nasdaq outperforming, the S&P
When it comes to the world of luxury real estate, closing a deal can be as nuanced as it is cut-throat. Here’s how a top-producing mother and her real estate agent daughter recently collaborated on a record-setting transaction on Gem Island in Indian River Shores, Florida. The Who: A Vero Beach resident for more than 40
The CEO of real estate brokerage Redfin told CNBC on Friday he believes there has yet to be a serious reckoning among U.S. homebuyers about the dangers climate change presents. “The buyers just keep marching into the jaws of destruction,” Redfin’s Glenn Kelman said in an interview on “Closing Bell.” Wildfire season in the American West is
The municipal market was little changed on Friday as a disappointing August jobs number punctuated an otherwise lackluster day of light trading activity ahead of the Labor Day holiday. Trading fell to a trickle at about $2.1 billion near the close and triple-A benchmarks were unmoved, outperforming a cheaper U.S. Treasury market which saw the
While Biogen rides a big-cap rollercoaster, a few small players are creating better trading opps.
Bitcoin (BTC) finally broke above the $50,500 resistance and Ether (ETH) has risen above the $4,000 mark. This suggests that there is growing interest in cryptocurrencies and several legacy finance companies are initiating steps to tap into this increasing demand. One of the world’s largest independent asset managers, Franklin Templeton, has posted fresh job applications
Ether (ETH) returned to $4,000 on Sept. 3 for the first time since May as a solid week of gains culminated in a major price milestone. Against month-to-date gains of $600, the pair reclaimed the historic level it had lost in the dramatic trend reversal that rocked the cryptocurrency market roughly three months ago. In
The catastrophic remnants of Hurricane Ida snuck up on Northeast states Wednesday, catching officials and the general population off-guard. But such a storm, still delivering massive amounts of rain more than 1,300 miles from its Louisiana landfall, is no outlier, one New Jersey climate official warned. “It may be a different animal, as you put
The US economy created just 235,000 jobs in August, in a sign that the more contagious Delta coronavirus variant is having an effect on hiring plans and worker shortages are still rampant nationwide. Non-farm payrolls data released by the Bureau of Labor Statistics on Friday marked a sharp deceleration from the upwardly revised 1.1m jobs