Members of 1880 Hong Kong, a Singapore-based private club that recently shut down after only seven months in operation, have been offered a luxury lifeline by landlord Swire Properties. The club told members on Thursday that they would be able to have joining fees waived for The Refinery, a club in Swire’s Taikoo Place that…
Nvidia (NVDA, Financial) shares dropped about 3% Thursday morning after posting fourth-quarter results that failed to sustain the recent artificial intelligence-driven upswing. The chipmaker, widely seen as a bellwether for AI-related momentum, reported earnings that met forecasts but did not surpass them enough to energize the broader tech sector. Meanwhile, U.S. economic data provided mixed…
STORY: U.S. inflation data out Wednesday showed consumer prices ticked up more than expected in December amid higher gas prices. The Labor Department’s consumer price index rose 0.4% last month, slightly more than economists polled by Reuters had expected, putting the annual inflation rate at 2.9%. But the so-called core CPI, which excludes volatile food…
STORY: U.S. stocks closed lower on Thursday as investors evaluated key economic indicators ahead of the Federal Reserve’s policy meeting next week. The Dow and S&P 500 each lost more than half a percent, and the Nasdaq shed more than six-tenths of a percent to dip back below 20,000 – a milestone it crossed a…
STORY: The S&P 500 and Nasdaq notched more record closing highs on Friday… with jobs data fueling expectations the Federal Reserve would cut interest rates later this month. However, the Dow didn’t fare as well… dipping almost three-tenths of a percent, while the S&P 500 rose a quarter of a percent and the Nasdaq added…
STORY: Shares of big banks helped boost the Dow and S&P 500 to fresh record highs on Friday, while the latest inflation data supported expectations the Federal Reserve would cut interest rates again in November. The Dow climbed about 1%, the S&P added six-tenths of a percent and the Nasdaq rose a third of a…
US consumer inflation slightly cooled down to 2.4 per cent in September from a year ago, a slight drop from August’s 2.5 per cent, and the lowest annual increase since February 2021, according to the Labor Department‘s statement released on Thursday.However, when excluding the volatile food and energy costs, “core” prices, which provide a better…