News

Goldman: Recession risk limited, see three rate cuts this year

Economists at Goldman Sachs (NYSE:GS) updated their rate cut forecasts following last week's weak jobs report, but believe the recession risks for the U.S. economy are limited.

Canon invites Enterprises to "THINK BIG - The Power of Future"

Sketch the future with an infinite spectrum of technology HONG KONG, Aug. 5, 2024 /PRNewswire/ -- Navigating the era of omnipresent Generative AI, large-scale language models (LLMs) are becomin...

US stock futures sink as economic concerns mount, tech rout continues

Investing.com-- U.S. stock index futures fell sharply Monday amid growing concerns over an economic slowdown, with technology stocks hit particularly hard.

Crypto stocks tumble as Bitcoin drops amid broad based selloff

Investing.com -- Crypto stocks Coinbase (NASDAQ:COIN), Bitfarms (NASDAQ:BITF), Riot Platforms (NASDAQ:RIOT), and CleanSpark (NASDAQ:CLSK) all tumbled more than 10% on Monday as a broad-based selloff g

Analysts weigh in on market selloff

US stock futures tumbled Monday as the global stock selloff deepened, driven by fears that the Federal Reserve is moving too late to support a slowing economy.

9Basil Group completes final close for second flagship private equity fund

SINGAPORE, Aug. 5, 2024 /PRNewswire/ -- 9Basil Group ("9Basil" or the "Firm"), a value-focused alternative investment firm, today announced the final close of its...

So-Young to Report Second Quarter 2024 Financial Results on August 23, 2024

BEIJING, Aug. 5, 2024 /PRNewswire/ -- So-Young International Inc. (NASDAQ: SY) ("So-Young" or the "Company"), the largest and most vibrant social community in China for consumers,...

Viomi Technology Co., Ltd to Report First Half 2024 Financial Results on Monday, August 26, 2024

Earnings Call Scheduled for 8:00 A.M. ET on August 26, 2024 GUANGZHOU, China, Aug. 5, 2024 /PRNewswire/ -- Viomi Technology Co., Ltd ("Viomi" or the "Company") (NASDAQ: V...

CrowdStrike denies blame for Delta Air Lines outage - CNBC

Investing.com -- Cybersecurity firm CrowdStrike (NASDAQ:CRWD) has rejectedDelta Air Lines' (NYSE:DAL) claims that it was responsible for the massive outage that caused thousands of flight cancellation

UOB prices A$1 billion in bonds, the largest-ever conventional single-tranche issuance by a Singapore issuer in Australia

SINGAPORE, Aug. 5, 2024 /PRNewswire/ -- UOB Sydney Branch has priced A$1 billion in four-year senior unsecured notes due 2028. The notes were priced on Friday (2 Aug) at the Bank Bill Swap...

Investors eye Fed’s next move as Wall Street’s fear gauge jumps 50%

Global stock markets suffered a significant blow on Monday amid rising fears of a U.S. recession, prompting debates among investors and analysts about whether the Federal Reserve will need to accelera

"Decoded": Groundbreaking Chinese Psychological Thriller Film Set for Global Release on August 22

LOS ANGELES, Aug. 5, 2024 /PRNewswire/ -- CMC Pictures has announced the global release of the Chinese psychological thriller "Decoded," a groundbreaking film that blurs the lines between dr...

NetEase to Report Second Quarter 2024 Financial Results on August 22

HANGZHOU, China, Aug. 5, 2024 /PRNewswire/ -- NetEase, Inc. (NASDAQ: NTES and HKEX: 9999, "NetEase" or the "Company"), a leading internet and game services provider, today announce...

Formosa Pharmaceuticals Announces Licensing Agreement with Apotex Inc., for Commercialization of Clobetasol Propionate Ophthalmic Suspension for Ocular Surgery Relief and Recovery

TAIPEI, Aug. 5, 2024 /PRNewswire/ -- Taiwan-based Formosa Pharmaceuticals ("Formosa", 6838.TWO) announced today that the company has entered into an exclusive licensing agreement with...

Youdao to Report Second Quarter 2024 Financial Results on August 22

HANGZHOU, China, Aug. 5, 2024 /PRNewswire/ -- Youdao, Inc. ("Youdao" or the "Company") (NYSE: DAO), an intelligent learning company with industry-leading technology in China, today...

Slumping US futures, Nikkei's hefty fall, Bitcoin weakness - what's moving markets

Robinhood halts trading amidst global market meltdown

Investing.com -- Trading platform Barchart said on social media platform X that Robinhood (NASDAQ:HOOD) has suspended its 24-hour trading service. This decision comes as stock markets in Europe and As

Chipmakers crushed on US recession concerns

Shares in chipmakers plummeted significantly on Monday amid a global market sell-off, with Japanese stocks plunging by more than 12% due to growing concerns over a potential U.S. recession.

BrightSparks Draws Strong Turnout of Over 600 Attendees at Its First In-Person Fair Since 2018

The BrightSparks Scholarship & Higher Education Fair 2024 attracted over 600 attendees, exceeding expectations for its first physical event in five years. The scholarship fair introduced t...

U.S.-China Economic and Trade Cooperation Forum Held to Explore More Opportunities for Business Cooperation

NEW YORK, Aug. 5, 2024 /PRNewswire/ -- Ren Hongbin, Chairman of the China Council for Promotion of International Trade (CCPIT), participated and delivered a speech at U.S.-China Economic and Tr...