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August 11, 2022
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Finance

Global stocks rise on improved Chinese services data

Beijing(China)- Global stock markets and Wall Street futures advanced Monday after the downturn in China’s service industries eased. News reports said the Biden administration might lift U.S. tariffs on some Chinese imports. London and Frankfurt opened higher. Shanghai, Tokyo and Hong Kong advanced. Oil prices gained to stay close to $120 per barrel. A survey […]
Finance

Tanking tech stocks drag down Wall Street

NEW YORK — After years of screaming higher, almost regardless of what the economy was doing, tech-oriented stocks are tanking and dragging down the rest of Wall Street. Many of these high-profile companies are still making billions of dollars in profits, and they continue to dominate the top of the rankings for most valuable businesses. […]