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Chinese Netflix-style service iQiyi tanks by 18% after U.S. regulators investigate fraud allegations
The SEC investigation was prompted by a report from Wolfpack Research in April in which it accused iQiyi of fraud and inflating revenue and user numbers.
POSTED AUGUST 14, 2020 2:42 AM |
Here's how Robinhood is raking in record cash on customer trades — despite making it free
Robinhood is raking in more money than ever on customer trades as new investors flood the stock market during the pandemic.
POSTED AUGUST 13, 2020 4:08 PM |
'The death toll would be enormous,' Fauci says of herd immunity to coronavirus in the U.S.
Most scientists think 60% to 80% of the population needs to be vaccinated or have natural antibodies to achieve herd immunity.
POSTED AUGUST 13, 2020 11:51 PM |
Apple supplier Foxconn is ahead of its peers in diversifying out of China, analyst says
There are concerns the U.S.-China tensions could hurt Foxconn's revenue after Trump issued banned American transactions with Chinese tech firms Tencent and ByteDance.
POSTED AUGUST 14, 2020 1:03 AM |
Asia trades mostly higher but investors remain cautious after stalled U.S. stimulus talks
Major indexes in Australia and Japan traded up while South Korea's Kospi index struggled for gains.
POSTED AUGUST 14, 2020 12:05 AM |
'Green shoots' are appearing in global deal-making activities, consultancy says
Momentum is building in the mergers and acquisitions market, with eight deals worth more than $10 billion each being signed in July and August so far.
POSTED AUGUST 13, 2020 11:38 PM |
Stock futures rise slightly after S&P 500 struggles to reach February record high
U.S. stock futures rose slightly on Thursday night after the S&P 500 failed once again to reach its record high from February.
POSTED AUGUST 13, 2020 10:01 PM |
Coronavirus stimulus stalemate could drag on for weeks as Congress leaves town
Progress toward a coronavirus aid deal in Washington is nonexistent as millions wait to see whether they can afford food and housing.
POSTED AUGUST 13, 2020 5:55 PM |
Morgan Stanley upgrades Tesla, hikes price target on 'integrated battery supply business' prospects
Adam Jonas, a widely followed analyst from Morgan Stanley, slightly changed his tune on Tesla on Thursday evening with an upgrade.
POSTED AUGUST 13, 2020 10:44 PM |
Even with the pandemic, consumers likely boosted retail sales in July
Consumers are expected to have spent more in July than they did last year, but the pace slowed from June.
POSTED AUGUST 13, 2020 8:14 PM |
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