Just days after Didi’s Wall Street debut last summer, Chinese authorities banned the service from app…
Tag: investing
Walmart sounds the inflation alarm, and its stock tumbles
Walmart (WMT) said Tuesday that higher costs and supply chain constraints squeezed its profit during its…
Goldman Sachs gives top bankers unlimited vacation days
Senior bankers will now be able to take as many vacation days as they need, Goldman…
Robinhood soars after 30-year old crypto billionaire takes stake
But there could be hope on the horizon. Bankman-Fried, who runs the startup FTX, a cryptocurrency…
China’s currency just had its worst month ever. It’s still dropping
Since the start of the year, investors have been moving money out of China, driven by…
SoftBank reports record $27.5 billion loss on crashing tech stocks
The world’s biggest tech investor said Thursday that its Vision Funds had recorded a loss of…
Bitcoin tumbles more than 50% below its all-time high as crypto plunges again
The world’s most valuable cryptocurrency was down 5% Monday after plunging again over the weekend. Bitcoin…
How long will inflation last? The answer lies in the past
So the central bank has broken up with “transitory” and set its eyes on a new…
Dow falls again as Wall Street rout continues
Stocks sank again in early trading Friday morning. A solid jobs report was not enough to…
Elon Musk probably got a huge tax break when he sold off Tesla shares
Musk last month sold $8.5 billion worth of Tesla shares for more than 100 times what…
