The news of Ocean Empire, a 33-year-old congee restaurant chain, suddenly shutting down is not surprising. The catering industry has struggled mightily since Hong Kong reopened its borders after the worst of the Covid-19 pandemic, and many local restaurants have bitten the dust. The disrupter of the century so far, the pandemic has permanently changed…
Photo: Michael M. Santiago (Getty Images) U.S. stocks largely ended the week on a high note after a muted opening Friday, as trade-war pessimism gave way to a fourth day of gains for the S&P 500. Meanwhile, Tesla (TSLA) spiked 9.8% as word spread that CEO Elon Musk would spend less time facilitating mass firings…
Stocks took a hit today, and it doesnt look like things will be calming down anytime soon. The Dow Jones Industrial Average (DIA) dropped 1%, while the S&P 500 (SPY) and Nasdaq Composite (NASDAQ:QQQ) fell by 1.14% and 1.56%, respectively at 10.25am today. Consumer sentiment is sliding, with the University of Michigans latest survey showing…
Budrul Chukrut / SOPA Images / LightRocket via Getty Images Key Takeaways Shares of beauty products maker Estée Lauder climbed 10% on Thursday, posting one of the day’s top performances in the S&P 500. The gains for the stock followed the announcement of an economic stimulus in China, which could boost consumer sentiment and help…