Reuters Latest meme stock Revlon surges more than 50% in heavy trading Nail polish maker Revlon Inc continued its surge as the latest so-called meme stock riding a wave of retail investor interest as the stock gained more than 50% in heavy trading on Wednesday.
In this article SE Southeast Asia's tech companies are laying off workers as they brace themselves for a tougher fundraising environment. Guilliermo Perales Gonzalez | E+ | Getty Images Hundreds of workers from start-ups in Southeast Asia have been fired in the last few months,proving that the fast-growing industry
Is a recession in the cards? Market watchers are split on if, and when, a recession will strike the U.S. The major U.S. averages clocked their 10th losing week in 11 last week on fears that an aggressive rate hike cycle by the Fed to
In this article BABA PDD 700-HK 1024-HK 9618-HK Across five major e-commerce platforms' GMV, Alibaba's market share fell by 6% in the first quarter versus the fourth, according to Bernstein analysis. Str | Afp | Getty Images BEIJING -- Alibaba was once the poster child for investing in modern China. Now the e-commerce
From multi-week losing streaks to bear market rallies, it's been a roller coaster ride for markets this year as investors weigh the risks of a more aggressive monetary policy and a growing chorus of recession warnings. Major U.S. indexes saw big bounces in Tuesday trading,
CEO and founder of U.S. Nikola, Trevor Milton speaks during presentation of its new full-electric and hydrogen fuel-cell battery trucks in partnership with CNH Industrial, at an event in Turin, Italy December 2, 2019. Massimo Pinca | Reuters The founder of electric-truck start-up Nikola Motors, already under
Cliff Asness, co-founder of AQR Capital Management, believes value stocks are still a lot more attractive than their growth counterparts, even after a big market correction. "We're sticking with it [value] because we always like some value in the portfolio. And we do like more
Barrons.com Russia’s War Is Not Just About Ukraine When Russian President Vladimir Putin started the war in Ukraine, he tried to shift the blame to NATO, calling it the instigator. NATO was a defense alliance in retirement, collecting its “peace dividend” from the breakup of the
In this article AMZN Amazon CEO Andy Jassy speaks during the GeekWire Summit in Seattle on Oct. 5, 2021. David Ryder | Bloomberg | Getty Images Amazon CEO Andy Jassy acknowledged losing two top Black executives, who led warehouses and transportation, in a company email Tuesday night. Jassy's email sang
President Joe Biden called on Congress Wednesday to temporarily suspend the federal gas tax, as he tries to quell the rapid surge in prices at the pump. While experts say a suspension could provide some immediate relief, it could also keep demand elevated, thereby exacerbating
