Traders on the floor of the New York Stock Exchange. Source: NYSE Stock futures edged higher early Friday after major averages rebounded from a three-day losing streak a day earlier, led by technology shares. Futures on the Dow Jones Industrial Average indicated an opening gain of about 65 points. S&P […]
CNBC News
Overseas investors are snapping up mainland Chinese bonds
In 2017, UBS became the first international wealth manager to establish a presence in the Qianhai free trade zone, aimed at boosting financial cooperation between Shenzhen and Hong Kong. Evelyn Cheng | CNBC BEIJING — Foreign investors and financial institutions are still keen to invest in China despite geopolitical tensions […]
Amazon is shutting down its Prime Now fast delivery app
A picture taken on June 9, 2016 shows Amazon warehouse in Paris, part of the new service ‘Prime Now’. Eric Piermont | AFP | Getty Images Amazon is shutting down its standalone Prime Now platforms and directing users who want fast delivery on groceries and other goods to order them […]
Stock futures are higher following a rebound day on Wall Street
Traders on the floor of the New York Stock Exchange. Source: NYSE Stock futures were mildly higher in early morning trading after major averages rebounded from a three-day losing streak on Thursday led by technology shares. Futures on the Dow Jones Industrial Average last added 71 points. S&P 500 futures […]
Unvaccinated Americans are less worried about traveling than vaccinated Americans are, study says
Vaccinated and unvaccinated Americans have different attitudes about the idea of traveling this spring, according to the findings from a marketing technology company. And they’re not different in the way you might assume. With travel bookings surging, data from New York-based Zeta Global indicates that unvaccinated Americans appear more comfortable […]
As Covid mutations spread, will herd immunity ever be possible?
Passengers wearing face masks as a preventive measure against the spread of Covid-19 are seen on an escalator at Orlando International Airport. Paul Hennessy | LightRocket | Getty Images When the coronavirus pandemic started to sweep around the world in 2020, a number of governments and health authorities appeared to […]
Overseas investors snap up mainland Chinese bonds in a global search for yield
In 2017, UBS became the first international wealth manager to establish a presence in the Qianhai free trade zone, aimed at boosting financial cooperation between Shenzhen and Hong Kong. Evelyn Cheng | CNBC BEIJING — Foreign investors and financial institutions are still keen to invest in China despite geopolitical tensions […]
China’s JD Logistics set to raise $3.2 billion in Hong Kong IPO
Workers from Chinese e-commerce giant JD.com prepare parcels for delivery at the company’s main logistics hub for Singles Day on November 11, 2020 in Beijing, China. Kevin Frayer | Getty Images News | Getty Images GUANGZHOU, China — The logistics arm of Chinese e-commerce giant JD.com is set to price […]
Microsoft pushes into the growing grocery tech market with a new deal in China
A person walks past a Microsoft logo at the Microsoft office in Beijing, China August 4, 2020. Thomas Peter | Reuters BEIJING — Microsoft‘s China arm announced Thursday a strategic partnership with Chinese retail tech company Hanshow to collaborate on cloud-based software for store operators worldwide. The deal marks Microsoft’s […]
McDonald’s franchisee fight over tech fees could wind up in court
Jeff Greenberg | Universal Images Group | Getty Images At a time when McDonald’s U.S. business continues to outperform, some franchisees are voicing support for a potential legal action against the fast food giant over $70 million in past technology fees. CNBC has obtained a copy of an internal survey […]