U.S. stock-index futures late Thursday pointed to modest losses Friday but a strong weekly gain, as investors look ahead to a three-day weekend. Equity benchmarks will look to defend their sharp weekly gains amid rising Sino-American tensions and a holiday that could test the bounds of reopening efforts from coronavirus lockdowns underway in much of […]
International Business Machines Corp. is cutting an unspecified number of jobs in the first major workforce reduction under new Chief Executive Officer Arvind Krishna, who is trying to revive growth at the tech company. Armonk, N.Y.-based IBM IBM, -1.86% said the cuts are aimed at making it more agile, but they come against the backdrop […]
The changing face of major tech conferences came in the form of a live-streamed speech on my computer screen Tuesday morning. In it, Microsoft Corp. MSFT, -1.20% Chief Executive Satya Nadella laid out his vision for “empowering every developer.” His 20-minute speech was followed by a series of live and prerecorded tutorials on coding, cloud […]
BlackRock Inc., the world’s largest asset manager with nearly $7 trillion under its control, was pushed by shareholders Thursday to better defend its stance in support of mindfully investing to slow climate change. Pressed on climate topics, CEO Larry Fink and others defended the company’s approach to proxy voting, on which it has pledged to […]
Kim Jong-un is turning his back on the myth of “chukjibeop” – KNS The official newspaper of North Korea has denied that the regime’s leaders can magically bend time and space, putting to bed a long tradition used to idolise the mystical powers of Kim Jong-un and former leader Kim Jong-il. In the latest sign […]
Nvidia Corp., long known as a graphics-chip maker for videogaming, is turning into more of a data-center company. Nvidia reported strong first-quarter earnings Thursday, as sales of data-center chips soared 80% and surpassed $1 billion in a single quarter for the first time, at $1.13 billion, while gaming chips surged 27% to $1.33 billion. As […]
School buses with four out of five seats empty, daily temperature checks, students in school buildings just one or two days a week (but for a longer school year) — these are some of the drastic changes likely coming for many of the more than 50 million public school students this fall. With the coronavirus […]
The coronavirus pandemic sent shock waves throughout the real-estate industry. But does that make now a good time to put in an offer on a property? The answer to that question will largely depend on what you plan to do with the home — particularly if you’re an investor. “It’s a good time to buy […]
U.S. stock-index futures indicated modest losses at the start of Thursday trade as investors braced for a fresh round of corporate results and economic reports, including weekly jobless claims. Market participants will hear from Federal Reserve Chairman Jerome Powell for a third time this week since his interview with CBS’s “60 Minutes.” How are benchmarks […]
Asian markets were little changed in early trading Thursday, after Wall Street bounced back and Japan reported miserable exports data. Japan’s Nikkei JP:NIK inched down slightly, while Hong Kong’s Hang Seng Index HK:HSI eked up a bit. The Shanghai Composite CN:SHCOMP rose 0.1% while the Shenzhen Composite CN:399106 slid 0.1%. South Korea’s Kospi KR:180721 gained […]