News & Updates

(Bloomberg) -- Tencent Holdings Ltd. removed two directors it appointed to the board of Epic Games Inc. after the US Justice Department deemed the positions a violation of antitrust laws.Most Read from BloombergNYPD Car Chases Are Becoming More Frequent — and More DangerousChina’s most valuable company owns both a minority stake in Epic and a direct competitor in its Riot Games Inc. subsidiary, giving rise to concern about antitrust violations, the DOJ said in a statement Wednesday. Tencent reli

Micron shares traded sharply lower in extended trading on Wednesday after the chipmaker issued a weaker-than-expected outlook. Monitor these important post-earnings chart levels.

MU earnings call for the period ending September 30, 2024.

BlackRock chief investment officer Rick Rieder calls it a "new phase" of the rate-cutting cycle.

Asian stocks slid, bond yields rose and the dollar was perched near a two-year high on Thursday after the U.S. Federal Reserve cautioned it would ease the pace of rate cuts in the coming year and investors braced for a Bank of Japan policy decision. The Fed cut interest rates on Wednesday as expected, but Chair Jerome Powell's explicit references to the need for caution from here on sent U.S. stocks sharply lower, with Treasury yields surging and traders scaling back bets on rate cuts next year.

The International Brotherhood of Teamsters said unionized workers at facilities in New York City; Skokie, Illinois; Atlanta, San Francisco and southern California will join the picket line to seek contracts guaranteeing better wages and work conditions. The Teamsters union has said it represents about 10,000 workers at 10 of the company's U.S. facilities, representing about 1% of Amazon's hourly workforce. The strike could disrupt Amazon's operations as it races to fulfill orders during its busiest season of the year.

(Bloomberg) -- Almost exactly one year after sparking a furious rally in financial markets, Federal Reserve Chair Jerome Powell did the exact opposite on Wednesday, staking out a cautious view on interest-rate cuts in 2025 that stunned investors.Most Read from BloombergNYPD Car Chases Are Becoming More Frequent — and More DangerousStocks tumbled 3% and bonds plunged too, sending yields on benchmark 10-year Treasuries to their highest in seven months. By the time Powell was done speaking, some 90

Chevron and Woodside Energy agreed to an asset swap that they said will sharpen their focus on the massive LNG operations they each operate in Western Australia.

Here’s what could be next for Meta Platforms.

The current expectation is for double-digit earnings growth in each of the next two years, with the number of sectors enjoying strong growth notably expanding from the narrow base we have been seeing lately.