Page 37 - Echo Wang News Today

Wall Street closes lower after Fed minutes, crypto fall By Echo Wang Reuters (Reuters) - Wall Streets main indexes closed lower on Wednesday after minutes from an April Federal Reserve meeting showed participants agreed the U.S. economy remained far from the central banks goals, with some eyeing a future discussion of tapering its bond buying program. "There continues to be a view and a perspective from the participants, as well as the Fed staff that these inflationary pressures that are b...

By Echo Wang May 18 (Reuters) - U.S. stocks ended down on Tuesday, slumping on a sharp decline in telecom stocks and weak housing starts data that overshadowed better-than-expected earnings from Walmart and Home Depot. AT&T Inc shed 5.8%, among the biggest percentage decliners in the benchmark S&P 500. It extended declines from Monday, when the telecoms firm said it would cut its dividend payout ratio as a result of its $43 billion media asset deal with Discovery Inc. T-Mobile and Verizon Commu...

By Reuters Staff (Corrects typographical error in first paragraph) May 13 (Reuters) - Insurer Genworth Financial Inc said on Thursday it had deferred the initial public offering of its mortgage insurance unit, Enact Holdings, citing significant trading volatility in the sector. “Genworth’s Board of Directors determined that current market pricing for the planned offering does not accurately reflect Enact’s value,” Genworth Chief Executive Officer Tom McInerney, said. McInerney said Genw...

By Reuters Staff (Corrects typographical error in first paragraph) (Reuters) -Insurer Genworth Financial Inc said on Thursday it had deferred the initial public offering of its mortgage insurance unit, Enact Holdings, citing significant trading volatility in the sector. “Genworth’s Board of Directors determined that current market pricing for the planned offering does not accurately reflect Enact’s value,” Genworth Chief Executive Officer Tom McInerney, said. McInerney said Genworth wil...

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2 Min Read FILE PHOTO: The logo of Forbes magazine is seen on a board at the St. Petersburg International Economic Forum 2017 (SPIEF 2017) in St. Petersburg, Russia, June 1, 2017. REUTERS/Sergei Karpukhin (Reuters) - An investor group led by U.S. merchant bank GSV’s CEO Michael Moe has entered into exclusive negotiations to acquire business news and information publisher Forbes Media LLC for about $650 million, a person familiar with the matter said on Wednesday. A deal could result in Forbe...

Quotes delayed at least 15 minutes. Real-time quotes provided by BATS BZX Real-Time Price. Market Data provided by Interactive Data (Terms & Conditions). Powered and Implemented by Interactive Data Managed Solutions. Company fundamental data provided by Morningstar. Earnings estimates data provided by Zacks. Mutual fund and ETF data provided by Lipper. Economic data provided by Econoday. Dow Jones & Company Terms & Conditions. This material may not be published, broadcast, rewritten, or redistr...

Tencent Holdings Ltd is negotiating agreements with a U.S. national security panel that would allow it to keep its ownership stakes in U.S. video game…

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TikTok names ByteDance CFO Shouzi Chew as new CEO Reuters 1 day ago By Echo Wang © Reuters/Dado Ruvic FILE PHOTO: Tik Tok logos are seen on smartphones in front of displayed ByteDance logo in this illustration By Echo Wang NEW YORK (Reuters) -TikTok appointed Shouzi Chew, a Singaporean national, as the new Chief Executive Officer of the hot video-sharing platform, the company said on Friday. Chew, based in Singapore, will retain close ties to TikToks Chinese owner ByteDanc...