Sunday, 29 Sep 2024

Business

Business News Today: Get all the Latest Business News, Economy News, International Business News on the news24x7world.com. Read Business News …

Global markets: Stocks slide as worries about Huawei fallout mount

Global equity markets fell on Monday as a U.S. crackdown on China’s Huawei Technologies led chipmaker stocks in Europe and on Wall Street to slide on fears of a widening trade war, while the dollar was steady before fresh insight on the Federal Reserve’s interest rates policies this week. Asian shares managed to reverse some […]

Wall St. pressured as Huawei fallout hits tech shares

NEW YORK (Reuters) – U.S. stocks slid on Monday as the White House’s restrictions on Chinese telecom equipment company Huawei Technologies Co Ltd weighed on the technology sector and raised concerns that the move would further inflame trade tensions between the United States and China. Since the White House added Huawei to a trade blacklist […]

Wall St. drops as tech stocks tumble on Huawei fallout fears

(Reuters) – U.S. stocks fell on Monday, as a crackdown on China’s Huawei Technologies raised concerns of a bigger impact on chipmakers and added to fears of an escalation in trade war between the two nations. Apple Inc slumped 3.84%, weighing the most on the three main indexes. The S&P 500 technology sector slipped 1.95%, […]

Welsh house prices hit all time high while London stumbles

Average asking prices in Wales have broke through the £200,000 barrier for the first time in May, Rightmove said. By contrast, London and its surrounding commuter belt have seen year-on-year falls in average house asking prices. Miles Shipside, director of Rightmove said: "Buyers looking in Wales are faced with newly marketed property prices that are […]

Corporate tourism soars as conferences rake in €67m

The number of international conferences won by Ireland is up 15pc year on year, according to Fáilte Ireland. So far this year 162 global conferences worth €67m have been secured, up from €56.5m in the same period last year. Please log in or register with Independent.ie for free access to this article. Log In New […]

Wynn Resorts in talks to sell $2.6-billion Massachusetts casino to MGM

(Reuters) – Wynn Resorts Ltd is in talks to sell its nearly finished $2.6 billion casino outside of Boston to rival MGM Resorts International, the two companies said on Friday. Las Vegas-based Wynn received its Massachusetts license in 2013, allowing it to go ahead with building the 671-room Encore Boston Harbor in Everett, Massachusetts. It […]

Overstock CEO says he had to sell shares to supplement his pay

(Reuters) – Overstock.com Inc Chief Executive Officer Patrick Byrne lashed out on Friday at investors who questioned his recent sale of shares, saying he had to supplement his $100,000 a year salary and vowing never to “give such an explanation again.” His letter to shareholders here followed a 21% slump on Wednesday and Thursday in […]

Thomas Cook shares plunge after Citigroup’s ‘zero’ valuation

Thomas Cook has seen its shares plummet by a further 40% after banking analysts cut their target price on the holiday firm’s stock to zero. Citigroup downgraded its rating to “sell” in the wake of the latest profit warning by the world’s oldest travel company, which had already led to a fall in its shares […]