SHANGHAI — Chinese fintech giant Lufax is laying the groundwork for international expansion over the next five years, following a cash injection from its U.S. IPO, the company’s chief executive told CNBC. Lufax started trading on the New York Stock Exchange on Friday raising around $2.36 billion. The stock fell as much as 14.3% on
Month: November 2020
Google parent company Alphabet‘s stock rose as much as 9% in after-hours trading as it crushed expectations for both earnings and revenue in its third-quarter earnings results, showing strong growth in advertising revenue across the board. Here are the results. Earnings per share: $16.40 vs $11.29 expected, according to Refinitiv estimates Revenue: $46.17 billion vs $42.90 billion
Tracy Miller, 60, carries an item through floodwater that is left after Hurricane Laura landed along the Texas-Louisiana border in Cameron, Louisiana on August 30, 2020. Callaghan OHare | The Washington Post | Getty Images Two days after Hurricane Laura barreled through Louisiana in August, Tameka Nelson returned to her beloved daycare facility in Lake
A supporter of Donald Trump drives by the Joe Biden rally in the golf cart during President Donald Trump’s campaign stop at The Villages Polo Club on October 23, 2020 in The Villages, Florida. Octavio Jones | Getty Images News | Getty Images It goes without saying that the outcome of the presidential election will
Ben Silbermann, co-founder and chief executive officer of Pinterest Tomohiro Ohsumi | Bloomberg | Getty Images The U.S. Presidential election is only days away, and Wall Street is bracing for market turbulence. However, given the lingering uncertainty, it’s unclear whether market volatility could persist post-election. “Time will tell if expected volatility turns into realized market
The Marriner S. Eccles Federal Reserve building stands in Washington, D.C., U.S., on Tuesday, Aug. 18, 2020. Erin Scott | Bloomberg via Getty Images The Federal Reserve has lowered the barriers on its lending program for smaller businesses as part of an effort to broaden the appeal of the sparsely used facility. In another pair
Facebook stock was down more than 2% on Thursday after the company reported a decrease in users in the U.S. and Canada but moderate revenue growth in its third-quarter earnings. Earnings: $2.71 cents per share, vs $1.91 per share forecast by Refinitiv Revenue: $21.47 billion, vs $19.8 billion forecast by Refinitiv Daily active users (DAUs):
Time Square, New York, April 8, 2016, Times Square is a major landmark of New York, brightly adorned with billboards and advertisements. William Rodrigues dos Santos Had this been a normal year, the Tony Awards would have occurred in June and Broadway would be gearing up for its lucrative holiday season. Instead, the Great White
Jan. 2 (Bloomberg) — Self-Directed Investor Chris Camillo discusses the strategy behind his investments. He speaks on Bloomberg Television’s “Street Smart.” (Source: Bloomberg)
Healthy food is hard to come by in many sections of Bridgeport, CT. Especially on a food stamp budget. We follow a single mother shopping as she tries to make her SNAP benefits stretch.
Tara Kirk, pictured with her husband, found out she has a gene mutation that puts her at higher risk for several cancers. Source: Tara Kirk Tara Kirk was 6 years old when her mother died of lung cancer. Almost three decades later, at the age of 34, Kirk found out she had a gene mutation
Jim Cramer Scott Mlyn | CNBC CNBC’s Jim Cramer said Wednesday that a lack of coronavirus stimulus is making it hard for investors to buy stocks into a worsening of the United States’ Covid-19 outbreak. “It’s very hard to buy a lot of stocks when you see these numbers,” Cramer said on “Squawk Box,” as
It looks like the NBA ownership ranks are adding yet another tech billionaire. Ryan Smith, the 42-year-old CEO and co-founder of online survey software company Qualtrics, has agreed to buy a majority stake in the NBA’s Utah Jazz in a deal worth $1.66 billion, ESPN reported on Wednesday. In doing so, Smith will follow in
Joe Biden, 2020 Democratic presidential nominee, right, and President Donald Trump during the presidential debate at Belmont University in Nashville, Tennessee, on Oct. 22, 2020. Kevin Dietsch/UPI/Bloomberg via Getty Images President Donald Trump and Joe Biden, his Democratic opponent in next week’s election, have broadly diverging views on issues that would impact the personal finances
Michael Wirth, CEO of Chevron. Adam Jeffery | CNBC Chevron reported its second straight quarter of losses on Friday after revenue during the third quarter fell 32% year over year as Covid-19 continues to hammer the industry. Amid declining oil prices Chevron said it implemented aggressive cost-cutting measures. The oil giant lost $207 million during
Certified nursing assistant (CNA) Shameka Johnson, wearing NFL Green Bay Packers apparel, processes a nasal swab at a drive-thru testing site outside the Southside Health Center as the coronavirus disease (COVID-19) outbreak continues in Milwaukee, Wisconsin, October 21, 2020. Bing Guan | Reuters The United States reported a record 88,521 new coronavirus cases on Thursday