Business

Asia-Pacific markets trade lower after Wall Street cools following Fed minutes

The Philippines hikes interest rates by 0.5% Tencent shares buoyant as tech giant talks up new revenue channels Even though Tencent posted its first revenue decline for the second quarter this year on Thursday, the company’s shares traded in the black by 3.1% on Thursday. Pau said there are other upsides, which included Tencent’s plans …

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Tencent looks to short video ads to boost revenue amid gaming slump

Tencent runs the ubiquitous Chinese messaging app WeChat. The company offers a short video feature in the app and has started monetizing it through in-feed video ads. Tencent said such ads could become a “substantial” source of revenue in the future. Budrul Chukrout | Sopa Pictures | Light flare | Getty Images Tencent said advertising …

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Dodge shows “Banshee” electric Charger concept – an EV with exhaust?

Dodge has released photos of its Dodge Charger Daytona SRT “Banshee” Concept, an all-electric version of the iconic American muscle car. Dodge has been teasing the potential of an all-electric muscle car for some time. We first heard about it last year, when Dodge said it would launch the “world’s first battery-electric muscle car” in …

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Bluebird’s $2.8 million gene therapy becomes most expensive drug after U.S. approval

Signage is seen outside the Food and Drug Administration (FDA) headquarters in White Oak, Maryland, U.S., August 29, 2020. REUTERS/Andrew Kelly/File Photo Join now for FREE unlimited access to Reuters.com Register Aug 17 (Reuters) – The U.S. Food and Drug Administration on Wednesday approved Bluebird Bio’s (BLUE.O) gene therapy for patients with a rare disease …

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Tesla releases rare comment denying media report’s claim an executive has left

Tesla issued a rare public comment denying a media report that claims an executive has left the company. For the past few years, almost every Tesla article you’ve read includes some version of the phrase “we contacted Tesla for comment, but the automaker hasn’t responded.” That’s because the automaker stopped commenting on media reports for …

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Dow Jones Futures: Market Rally Retreats, BBBY Stock Falls On This; Time To Bite Into Apple Stock?

Dow Jones futures fell slightly overnight, along with S&P 500 and Nasdaq futures, along with Cisco earnings and BBBY stock news. X The stock market rally retreated on Wednesday amid key resistance. Major indices initially pared losses after the release of the Fed’s July 27-28 meeting minutes, but faded again at the close. Apple (AAPL) …

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Code in the Netflix app suggests ad-supported tier may ax offline downloads

If you thought ad-supported Netflix would just be the regular service with a few commercial breaks, then I regret to inform you that you were wrong. According to Netflix app code language, discovered by developer Steve Moser and shared with BloombergNetflix may limit offline downloads to Netflix’s ad-free levels. Currently, Netflix has three tiers. For …

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Dow closes lower Wednesday to end 5-day win streak, Wall Street mulls new retail data

Stocks fell on Wednesday as the rally on Wall Street that has driven prices higher since mid-June appeared to peter out as traders weighed the latest retail data and Federal Reserve minutes. The Dow Jones Industrial Average fell 171 points, or 0.5%, while the S&P 500 and Nasdaq Composite fell 0.69% and 1.15%, respectively. Equities …

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Fed minutes show more rate hikes coming, but pace could slow

The Federal Reserve Building on Constitution Avenue is pictured in Washington, U.S., March 27, 2019. REUTERS/Brendan McDermid/File Photo Join now for FREE unlimited access to Reuters.com Register WASHINGTON, Aug 17 (Reuters) – Federal Reserve officials saw “little evidence” late last month that inflationary pressures in the United States were easing and worked to force the …

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