Check out the companies making headlines before the bell:Didi Global (DIDI) – Didi rallied 4.3% in the premarket following a Bloomberg report that Beijing was considering taking a stake in the ride-hailing company and possibly bringing it under state control. It is unclear what size stake Beijing would...
OLIVIER DOULIERY | AFP | Getty ImagesMore 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 — have been out of work for at least six months,...
A woman waits in a line outside a temporary unemployment office in Frankfort, Kentucky in June.Bryan Woolston | ReutersPandemic unemployment benefitsThe federal government expanded the safety net for the jobless to a historic degree last year, when the U.S. was in the throes of its most rapid economic...
Budrul Chukrut | LightRocket | Getty ImagesShares 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 through government-run firms.State-owned Beijing Tourism Group and other companies...
Visitors crowd around the Nvidia booth at the 2016 China Digital Entertainment Expo, known as ChinaJoy, in Shanghai.STR | AFP | Getty ImagesCheck out the companies making headlines in midday trading.Didi Global — Shares of the Chinese ride-hailing giant climbed 2.3%, on pace for double-digit gains on the...
A Chinese bank clerk counts yuan banknotes at a bank in Huaibei, east Chinas Anhui Province, July 6, 2012.Jie Zhao | Corbis News | Getty ImagesBEIJING — Chinese investors are turning to the local stock market as once-lucrative options like real estate and cryptocurrencies have fallen under tighter...
A trader works on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Monday, Aug. 23, 2021.Michael Nagle | Bloomberg | Getty ImagesU.S. stock futures were steady in overnight trading on Thursday as investors geared up for August's jobs report.Dow futures rose just...
Traders on the floor of the New York Stock ExchangeSource: The New York Stock ExchangeU.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 Industrial Average futures were up by 67 points. S&P 500 futures...
A dicey situation reminiscent of the dot-com bubble may be unfolding on Wall Street.According to BTIG's Julian Emanuel, the market's record price action is mimicking late 1999, and it could spark a 10% to 20% correction within the next month."Be very much aware of the fact that if...