Bill Ackman, CEO of Pershing Square Capital Management, speaks during an interview for an episode of "The David Rubenstein Show: Peer-to-Peer Conversations," in New York on Nov. 28, 2023.Jeenah Moon | Bloomberg | Getty ImagesBillionaire investor Bill Ackman said that America was heading toward a self-inflicted "economic nuclear winter"...
The Alibaba office building is seen in Nanjing, Jiangsu province, China, on Aug 28, 2024.CFOTO | Future Publishing | Getty ImagesAlibaba shares surged in Hong Kong Friday following stellar quarterly results, boosted by growth in the company's cloud Intelligence and e-commerce segments.The Chinese tech giant's shares soared as much...
A view of the logo of HSBC bank on a wall outside a branch in Mexico City, Mexico June 14, 2024. Henry Romero | ReutersEurope's largest lender HSBC on Wednesday reported annual pre-tax profit of $32.31 billion, marginally missing analysts' estimates. For the full year, HSBC reported revenue of $65.85 billion,...
Standard Chartered Plc bank branch in Hong KongBloomberg | Bloomberg | Getty ImagesStandard Chartered on Wednesday upgraded its 2024 income guidance as it posted profits in the third quarter that beat expectations, driven by record performance in its wealth management business.Here are Standard Chartered's results for the quarter, compared...
The Samsung logo is on display at their pavilion during the Mobile World Congress in Barcelona, Spain, on February 28, 2024. (Photo by Joan Cros/NurPhoto via Getty Images)Nurphoto | Nurphoto | Getty ImagesSouth Korean tech giant Samsung Electronics said it expects worse-than-expected profit for the third quarter.In guidance released...
Ray Dalio, Bridgewater Associates co-chairman and co-chief investment officer, speaks during the Skybridge Capital SALT New York 2021 conference.Brendan McDermid | ReutersAs the U.S. Federal Reserve implemented its first interest rate cut since the early Covid pandemic, billionaire investor Ray Dalio flagged that the U.S. economy still faces an...
Ray Dalio, founder of Bridgewater Associates LP, speaks during an interview on the sidelines of the Milken Institute Asia Summit in Singapore, on Wednesday, Bloomberg | Bloomberg | Getty ImagesSINGAPORE — U.S. billionaire Ray Dalio named the top five forces at the front and center of the world's economy. Speaking at...
The company logo adorns the side of the BHP gobal headquarters in Melbourne on February 21, 2023. - The Australian multinational, a leading producer of metallurgical coal, iron ore, nickel, copper and potash, said net profit slumped 32 percent year-on-year to 6.46 billion US dollars in the six months...
Brent Lewin | Bloomberg | Getty ImagesPetroChina Co. posted record operating profits for the first half of the year on the back of strong drilling output and higher oil prices, which allowed it to offset weak fuel demand in China.China's largest oil and gas company posted a net income...
An Aldi supermarket in Alhambra, California, US, on Thursday, June 27, 2024. Eric Thayer | Bloomberg | Getty ImagesContrary to what many believe, investment research firm BCA Research sees that the economy is on the cusp of a recession, and the predicted upcoming U.S. Federal Reserve rate cuts will not...