Dow futures edge higher; Fed minutes in the spotlight
U.S. stock futures edged higher Wednesday, rebounding after the previous session’s sharp losses ahead of the release of minutes from…
Lahaina wildfire insured property loss to be about $3.2 billion – KCC
(Reuters) – Insured property losses from the wildfire that ravaged the resort town of Lahaina in Hawaii last week are…
Tower Semiconductor falls 11% as Intel terminates $5.4 billion acquisition
Shares in Tower Semiconductor (NASDAQ:TSEM) plunged over 11% in pre-market Wednesday after Intel Corporation (NASDAQ:INTC) confirmed it has mutually agreed…
Bonds, emerging stocks eye ‘geo-investment’ switches :Mike Dolan
(Reuters) – August has been rough so far for emerging market stocks and western government bonds, a worrying confluence that…
Explainer-Worker disputes at Australian LNG producers roil global gas market
(Reuters) – Woodside (OTC:WOPEY) Energy Group and U.S. major Chevron (NYSE:CVX) are locked in a dispute over pay and job…
Jefferies hires Credit Suisse banker Gegenheimer for tech dealmaking -sources
(Reuters) – Jefferies has hired Credit Suisse investment banker Jon Gegenheimer in its latest efforts to boost its U.S. technology…
Alibaba’s DingTalk to split from Cloud business group – sources
(Reuters) – Alibaba Group’s work communication and collaboration platform DingTalk will split from the company’s cloud division, according to two…
Analysis-Country Garden undone by promise to bring 5-star life to China’s hinterland
(Reuters) – China’s financially beleaguered property developer Country Garden promised “five-star living” to the masses in less popular, smaller cities…
Tesla cuts Model S and X prices by over 6% in China
(Reuters) – Tesla has cut prices for its existing inventories of its premium Model S and Model X cars in…
Asian stocks slip as China data continues to disappoint
(Reuters) – Asian stocks stumbled on Wednesday, as more disappointing Chinese economic data and the absence of meaningful stimulus from…