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NEW YORK — US stock futures fell sharply Tuesday as investor skepticism grew over whether the recent tech driven rally on Wall Street can continue. Futures tied to the S&P 500 dropped 0.9%, while contracts for the tech heavy Nasdaq 100 fell about 1.3%. Dow Jones Industrial Average futures slipped 0.6%, reflecting broader caution across … Read more
BEIJING — China’s factory activity slowed in October, falling short of market expectations as new export orders dropped sharply amid renewed trade tensions with the United States, according to a private survey released Monday. The RatingDog China General Manufacturing Purchasing Managers’ Index (PMI), compiled by S&P Global, eased to 50.6 in October from 51.2 in … Read more
NEW YORK — As Wall Street’s fascination with blockchain technology deepens, gold one of the world’s oldest stores of value is finding a new digital home. The recent surge in gold prices has fueled growing interest in tokenized gold, a blockchain based asset designed to mirror the value of the precious metal while offering the … Read more
CAIRO — In the 2010 Egyptian film Bittersweet, the protagonist Masry returns home after two decades in the United States, only to find that life in Cairo still runs on “tea money” small bribes paid to grease the wheels of bureaucracy. When an official at a passport office demands “tea with 100 spoonfuls of sugar,” … Read more
SEOUL, South Korea — Asia Pacific leaders on Saturday closed the annual Asia Pacific Economic Cooperation (APEC) summit with a joint declaration calling for shared prosperity and resilient trade, reflecting the growing fractures in the global economic order. The meeting, hosted in Seoul, sought to reaffirm regional cooperation even as geopolitical tensions, tariffs, and export … Read more
NEW YORK — Amazon shares climbed sharply Thursday after the e-commerce giant posted better than expected third quarter results, while Apple’s chief executive predicted the company’s best ever holiday quarter. The upbeat tone from Big Tech helped lift investor sentiment, with Reddit and Coinbase also advancing as markets entered the busiest stretch of the third … Read more
Boeing Co. has announced another major setback to its long delayed 777X aircraft program, taking a nearly $5 billion charge and pushing the first delivery to 2027. The move adds to a series of financial and operational blows for the planemaker as it struggles to stabilize production and regain investor confidence after years of disruptions. … Read more
GYEONGJU, South Korea — President Donald Trump said Wednesday he expects to sign a long awaited trade deal with Chinese President Xi Jinping during their meeting at the Asia Pacific Economic Cooperation (APEC) Summit, raising hopes of a breakthrough in one of the world’s most consequential economic relationships. “President Xi of China is coming tomorrow … Read more
Microsoft Corp. has taken a $135 billion stake in OpenAI, giving the tech giant roughly 27 percent ownership in the artificial intelligence company. The move, formalized through a new agreement between the two firms, underscores Microsoft’s long term bet on artificial intelligence and signals a deepened alignment between two of the most influential players in … Read more
SAN JOSE, Calif. — PayPal Holdings Inc. reported third quarter results that surpassed Wall Street expectations, sending its stock soaring nearly 15 percent in after hours trading. The digital payments giant posted revenue of $8.42 billion for the quarter ended September 30, a 7.3 percent increase from the same period last year. Non GAAP earnings … Read more
