SPACs offer hope for reviving Singapore’s flagging IPO market
SINGAPORE — Singapore’s stock exchange this month launched new rules allowing SPACs to list, a move it hopes will draw more firms to raise funds in the city-state amid an IPO market that has been stagnant for years. As of...
Federal unemployment benefits end this weekend for millions of Americans. Many are scared of what comes next
A woman waits in a line outside a temporary unemployment office in Frankfort, Kentucky in June. Bryan Woolston | Reuters Pandemic unemployment benefits The federal government expanded the safety net for the jobless to a historic degree last year, when...
Didi jumps nearly 10% this week amid report of Chinese government taking it over
Budrul Chukrut | LightRocket | Getty Images Shares of Didi posted near double-digit gains this week amid a Bloomberg News report that Beijing is eyeing a plan to take the troubled ride-hailing giant under state control by acquiring a stake...
3.2 million Americans are still long-term unemployed as benefits are set to expire
OLIVIER DOULIERY | AFP | Getty Images More than a third of jobless Americans in August were long-term unemployed as benefits for these workers are set to expire. About 3.2 million people — or 37.4% of the total unemployed —...
Jobs report disappoints — only 235,000 positions added vs. expectations of 720,000
Job creation for August was a huge disappointment, with the economy adding just 235,000 positions, the Labor Department reported Friday. Economists surveyed by Dow Jones had been looking for 720,000 new hires. The unemployment rate dropped to 5.2% from 5.4%,...
Stocks making the biggest moves midday: Didi Global, Nvidia, PagerDuty and more
Visitors crowd around the Nvidia booth at the 2016 China Digital Entertainment Expo, known as ChinaJoy, in Shanghai. STR | AFP | Getty Images Check out the companies making headlines in midday trading. Didi Global — Shares of the Chinese...
Joseph Stiglitz says it’s time to rewire the U.S. economy: ‘We shouldn’t let a good crisis go to waste’
U.S. economist Joseph Stiglitz believes now is a good time to rewire the U.S. economy, arguing that “we shouldn’t let a crisis go to waste.” The former senior vice president and chief economist of the World Bank said on Thursday...
Chinese stocks are too risky right now – buy its bonds instead, J.P. Morgan’s Joyce Chang suggests
A major investment bank is avoiding Chinese stocks, but buying its bonds. J.P. Morgan’s Joyce Chang believes the country’s regulation crackdown is heating up and will create downward pressure on major market groups and industries. “We really recommended [investors] to...
Stock futures gain after sluggish start to September with key jobs data ahead
Traders on the floor of the New York Stock Exchange Source: The New York Stock Exchange U.S. stock futures gained slightly on Thursday after the S&P 500 finished the first trading session of the month near the flatline. Dow Jones...
Consumer protection group looks to increase transparency for small business loans
Ting Shen/Bloomberg via Getty Images The Consumer Financial Protection Bureau proposed a rule Wednesday to raise transparency around loans for small businesses. If finalized, the federal agency’s rule would require lenders to collect and report more data about credit applications...
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