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  • Aug 21, 2024

World’s Top Gambling Stock Spurred by Philippine Online Frenzy

(Bloomberg) -- The world’s hottest gambling stock is riding strong demand for online betting at home in the Philippines even as the global industry faces increasing scrutiny.Most Read from Bloomberg‘Train Lovers’ Organize to Support Harris and Walz in Presidential BidPart of Downtown Montreal Is Flooded After Water Pipe BreaksClimate Disasters Are an Affordable Housing ProblemShares of DigiPlus Interactive Corp. are up 151% so far this year, more than any other casino stock with a market value o

  • Aug 21, 2024

Stock rebound wanes as investors await US job data, Fed

SINGAPORE (Reuters) -Asian shares slipped on Wednesday as a stellar rebound in world stocks paused for breath, while bond yields and the dollar fell ahead of U.S. economic data and speeches from policymakers that are expected to make the case for interest rate cuts. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.5%. Japan's Nikkei fell 1% at the open as a recovery from its collapse in early August runs into resistance around the 38,000 level, but it recovered to trade 0.3% lower in the afternoon.

  • Aug 21, 2024

As Democrats gather, investors gauge market impact from a Harris administration

Investors are grappling with the market implications of a possible Kamala Harris presidential administration, which could pressure corporate profits through higher taxes while weighing on consumer staples and boosting solar energy. Harris' nomination is in focus this week at the Democratic convention after her late entry following President Joe Biden's withdrawal tightened the race against Republican candidate Donald Trump. Investors’ views on markets are typically shaped by factors such as the economy's strength and the trajectory of interest rates, but the question of how a Harris White House could approach policy, regulations and taxation looms large.

  • Aug 20, 2024

JD.com Leads Losses in China Tech Stocks on Walmart Stake Sale

(Bloomberg) -- China’s tech stocks slumped on concerns over the country’s consumption outlook following Walmart Inc.’s plan to sell its stake in JD.com Inc. and poor earnings from key players. Most Read from Bloomberg‘Train Lovers’ Organize to Support Harris and Walz in Presidential BidPart of Downtown Montreal Is Flooded After Water Pipe BreaksClimate Disasters Are an Affordable Housing ProblemThe Hang Seng Tech Index was down 2.1% as of 11:20 a.m. local time, led lower by a 12% plunge in JD.co

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