Hong Kong’s stock market hit hard by the market rout

Hong Kong’s stock market hit hard by the market rout

Hong Kong’s stock market has underperformed this year – but its exchange operator has made it even worse. The shares in Hong Kong Exchanges & Clearing Ltd. is down 43% since the start of the year, even after a rally so far in November. That’s a bigger drop than Hong Kong’s benchmark Hang Seng index, … Read more

$2 Billion Powerball Results Finally Announced: Here Are the Winning Numbers, Does Your Company Pay the Same Wage for the Same Job in Different Locations Across the Country? This research provides insight.

$2 Billion Powerball Results Finally Announced: Here Are the Winning Numbers, Does Your Company Pay the Same Wage for the Same Job in Different Locations Across the Country?  This research provides insight.

Hello, MarketWatchers. Don’t miss these top stories. Housebuilders struggle to find buyers as developer cancellations mount: ‘Build-to-rent market increasingly important’ Homebuilders are struggling amid the housing downturn, UBS analyst John Lovallo told MarketWatch. Read more $2 billion Powerball results finally announced: Here are the winning numbers. The drawing was held after a 10-hour delay. Read … Read more

Crypto Exchange Binance to Acquire Rival FTX

Crypto Exchange Binance to Acquire Rival FTX

Cryptocurrency exchange FTX, just months removed from looking like a shining survivor in a struggling industry, succumbed to its own sudden liquidity crisis on Tuesday and was taken over by rival Binance. The deal signals a shift in power in the crypto world, which has been decimated by rising interest rates and investors retreating from … Read more

You have to have heart to play for Dusty Baker

You have to have heart to play for Dusty Baker

Manager Dusty Baker Jr. of the Houston Astros celebrates after the team’s World Series victory in Houston, Texas, on Nov. 5. Photo: Carmen Mandato/Getty Images When the Houston Astros won the World Series, Dusty Baker, 73, became the oldest manager in major league history to lead a team to the championship. The previous record holder … Read more

Kohl’s CEO Michelle Gass is stepping down to join Levi Strauss

Kohl’s CEO Michelle Gass is stepping down to join Levi Strauss

Kohl’s corp. KSS 10.88% CEO Michelle Gass is leaving the department store chain early next month to join Levi Strauss LEVI -2.05% & Co. with plans to have her take over as the jeans maker’s CEO. At Kohl’s, Ms. Gass has been under attack from activist investors because of falling sales and a steep decline … Read more

Treasury chief Janet Yellen heads to India as US seeks to deepen ties

Treasury chief Janet Yellen heads to India as US seeks to deepen ties

Treasury Secretary Janet Yellen’s trip to India this week will be the latest attempt by the Biden administration to look past the new power’s longstanding ties to Russia and deepen a relationship it hopes will serve as a counterweight to China. The US has changed its approach to India since the invasion of Ukraine began, … Read more

Stock futures rise as midterm vote begins

Stock futures rise as midterm vote begins

US stock futures ticked higher as investors awaited the outcome of the midterm elections, which are expected to result in a divided government. S&P 500 futures rose 0.4% on Tuesday, while Nasdaq 100 futures rose 0.6%. Dow Jones Industrial Average futures rose 0.4 percent. The moves come a day after stock markets rallied, with the … Read more

Lyft keeps pumping the wrong gas

Lyft keeps pumping the wrong gas

As the great ride-share recovery seems all but exhausted, Lyft LYFT 2.91% insisting that it has only just begun. On Monday, the ride-hailer reported the slowest revenue growth in more than a year, while adjusted earnings before interest, taxes, depreciation and amortization fell slightly year over year in the third quarter. After rising 12% on … Read more

Lyft shares slide after disappointing revenue and ridership numbers

Lyft shares slide after disappointing revenue and ridership numbers

Lyft Inc.’s LIFT 2.91% the stock fell in off-hours trading after it said its revenue growth slowed and the number of people using its service remained below pre-pandemic levels, rising at a slower-than-expected pace. The company reported revenue of $1.05 billion for the three months to September. That’s 22% over a year earlier, the slowest … Read more

Justice Department announces seizure of Bitcoin, once valued at $3.36 billion

Justice Department announces seizure of Bitcoin, once valued at $3.36 billion

The Justice Department said Monday it had seized cryptocurrency once worth $3.36 billion from a Georgia man who pleaded guilty to stealing bitcoin from the Silk Road online marketplace. The seizure of cryptocurrency, which took place in November 2021 and had not been made public, is the second largest in the history of the Department … Read more