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Trump administration releases list of companies that received most money from small business loans
The Paycheck Protection Program was established to offer forgivable loans to smaller businesses, helping them to stay afloat and employees to maintain their jobs as the coronavirus puts the U.S. economy on hold.
POSTED JULY 06, 2020 3:00 PM |
U.S. is 'looking at' banning TikTok and Chinese social media apps, Pompeo says
The comments from Secretary of State Mike Pompeo come amid tensions between the U.S. and China and as scrutiny on Chinese tech firms grow.
POSTED JULY 07, 2020 4:53 AM |
TikTok says it will exit Hong Kong market within days
The short form video app owned by China-based ByteDance has made the decision to exit the region following China's establishment of a sweeping new national security law for the semi-autonomous city.
POSTED JULY 07, 2020 2:49 AM |
EU cuts economic forecasts for the region, now projecting a 8.3% slump this year
The European Commission has slashed its 2020 and 2021 economic expectations as the coronavirus pandemic keeps taking a toll on the 27 economies.
POSTED JULY 07, 2020 8:06 AM |
Stock futures down following a strong rally on Wall Street
The moves in stock futures came as the U.S. continued to see a in coronavirus cases across the country.
POSTED JULY 06, 2020 10:02 PM |
China's biggest chipmaker is up over 200% this year as it begins $6.6 billion share sale
SMIC, China's biggest chipmaker, kicked off a major 46.28 billion yuan ($6.6 billion) share sale on Tuesday. It's the biggest share sale on the Chinese mainland in a decade.
POSTED JULY 07, 2020 7:02 AM |
China's Shenzhen rises nearly 2% as mainland stocks build on Monday momentum
Stocks in mainland China continued to lead gains among the region's major markets for a second day after Monday's blockbuster gains, with the Shenzhen component jumping 1.717% on Tuesday.
POSTED JULY 06, 2020 11:35 PM |
As China tightens its grip on Hong Kong, it's also paving the way for money to flow into the city
Investors have been wary that Hong Kong's status as a financial hub would be eroded, as China moved to implement a national security law on the city.
POSTED JULY 07, 2020 1:48 AM |
BlackRock downgrades U.S. stocks, citing rising coronavirus cases and stimulus running out
The massive run-up in U.S. equities from the late-March lows could slow down as coronavirus cases rise at a record pace, according to BlackRock.
POSTED JULY 06, 2020 6:38 PM |
Palantir confidentially files to go public
Palantir, which has raised billions of dollars in venture financing, is finally ready to go public.
POSTED JULY 07, 2020 3:07 AM |
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