World Business News
Tencent’s Q1 profit halves, revenue flat as crackdown, COVID-19 weigh
China’s Tencent reported on Wednesday its quarterly profit halved from a year ago and revenues stagnated, blaming cuts in advertising spending by consumer, e-commerce and travel businesses [more]
Saudi Arabia’s wealth fund PIF takes 5% stake in Nintendo
Saudi Arabia’s Public Investment Fund (PIF) has taken a 5.01% stake in Nintendo as the sovereign wealth fund increases its exposure to the Japanese video gaming [more]
Temasek leads $160m Series D round in UK’s cloud banking tech firm Thought Machine
Singapore state investor Temasek has led a $160-million Series D funding round in UK-headquartered cloud-native banking technology company Thought Machine, to support the latter’s expansion [more]
Apis Partners invests $15m in Singapore B2B payment platform DT One
London-based private equity firm Apis Partners announced that it has invested in Singapore-based DT One, a B2B digital micropayments platform, through its PE fund Apis [more]
U.S. Reopens Embassy In Kyiv After Months-Long Closure
ToplineThe United States on Wednesday reopened its embassy to Kyiv, according to the State Department, three months after the embassy moved its diplomatic operations to [more]
Foot Locker Stock Faces Key Trendline Ahead of Earnings
TipRanksBillionaire George Soros Bets on These 3 ‘Strong Buy’ StocksKeeping up the returns would be a neat trick in today’s market, as the main indexes [more]
Next big shoe to drop in financial markets may still be ahead on inflation that fails to respond to Fed’s rate hikes
Traders, investors and strategists are adding one more factor to the list of reasons why financial markets may be in for more volatility through at [more]
Spirit AeroSystems eyes increasing opportunities in business jet market
While its defense and aftermarket work have been the biggest pieces of Spirit AeroSystems Inc.’s portfolio diversification efforts, its work in the market segment synonymous [more]
Dyson makes the best vacuums on the market and two of them are $50 off right now
BGR20 crazy Amazon deals that seem like Prime Day is already hereDon’t ask how, don’t ask why, and don’t ask how long they’ll be around. [more]
Amazon, Clorox on Bank of America List of Stocks Hurt by Inflation
Inflation is rampant, as you’ve undoubtedly noticed during your recent shopping trips. Consumer prices soared 8.3% in the 12 months through April.In your investing, you [more]
Stock Market’s Slide Worsens As Retail Sector Gets Hit; Target Is Latest Victim
Retailers' woes worsen and the stock market plunges as Target is the latest victim of missed profit expectations. Read More
Dow Falls More Than 1,000 Points After Disappointing Retailer Earnings
U.S. stock indexes fell in early trading after signs that rising costs were weighing on some companies’ profits, putting Wall Street on course to extend [more]
Musk Mad Tesla Removed from S&P 500 ESG Index
Tesla ( (TSLA) - Get Tesla Inc Report) CEO Elon Musk is extremely unhappy that the EV company was eliminated from the S&P 500 ESG Index on [more]
Vedu stock plunges, a day after rocketing more than 6-fold in Nasdaq debut
Shares of Visionary Education Technology Holdings Group Inc. VEDU, -76.00% plummeted 73.7% in afternoon trading Wednesday, to pace all decliners on a bad day for [more]
Dow tumbles about 1,100 points as stocks slide on fears of higher costs eroding profits
U.S. stock indexes plunged Wednesday, led by retailers whose quarterly results confirmed higher costs for fuel and wages are eating into profits, a day after [more]
Inflation could force consumers to cut back on spending so much that they bring on a recession
WASHINGTON (Project Syndicate)—Rapid consumer price inflation in the United States is masking signs of an economic slowdown that could threaten the longevity of current growth. [more]
Michelangelo’s Long-Lost First Known Nude Drawing Sells For Record-Breaking $24.4 Million
Topline An early drawing attributed to Michelangelo that was rediscovered in 2019 after going under the radar for centuries sold for $24.4 million in Paris [more]
Beyond the Prenup: Safeguarding Women’s Wealth Before They Say ‘I Do’
“When I was your age, I was married with children.” It’s a refrain many women over age 25 are still familiar with. And if that “helpful” [more]
Jakarta-based insurtech firm Rey Assurance raises $3.8m in seed funding
The Rey app. Photo: Company websiteJakarta-based insurtech startup Rey Assurance has raised $3.8 million in a seed funding round from Genesia Ventures, Vertika Corporation, and [more]
PLKI-ECRL offers 5,000 job opportunities to locals
KOTA BHARU (May 18): Malaysia Rail Link (MRL) and China Communications Construction Company Ltd (CCCC) are offering 5,000 job opportunities, particularly to locals in the [more]
Trump–Without Evidence–Sows Pennsylvania Fraud Claims As Vote Count Drags On
ToplineVotes are still being counted in Pennsylvania's hotly contested GOP Senate primary, but former President Donald Trump is already shaping a narrative that the sluggish [more]
Diana Shipping Enters Time Charter Contract For m/v Maia – Benzinga
Diana Shipping Inc. DSX has entered into a time charter contract with Hyundai Glovis Co. Ltd. for one of its Kamsarmax dry bulk vessels, the [more]
US Treasury says it could block Russian debt payments starting next week | CNN Business
New York (CNN Business)Treasury Secretary Janet Yellen on Wednesday signaled US officials will likely end a carve-out in Western sanctions that has allowed Russia to [more]
Dry season: Sufficient underground water reserves to face all eventualities — NADMA
KUALA LUMPUR (May 18): Active underground wells or tube wells in the country possess sufficient reserves to face all eventualities during the dry season following [more]
