How China's Ant Group built a $17 trillion payments machine

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. London (CNN Business)When Ant Group prices its IPO in Shanghai and Hong Kong this week, it could set a new world record for a stock market listing. But it will also ram home a much bigger point. […]

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US tentatively approves Delta, WestJet alliance

Fox Business Flash top headlines for October 23 Fox Business Flash top headlines are here. Check out what’s clicking on FoxBusiness.com. The U.S. Transportation Department said on Friday it had tentatively approved a proposed alliance agreement between Delta Air Lines and Canada's WestJet that is expected to expand travel options between the United States and Canada. Continue Reading Below The department said […]

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Warren Buffett's Berkshire Hathaway scores $1 billion gain on Snowflake stock

Warren Buffett's Berkshire Hathaway has scored a $1 billion gain on its Snowflake shares. The billionaire investor's company spent about $735 million for 6.1 million Snowflake shares when the cloud-data platform went public last month. Snowflake's stock price jumped 18% in two days to close at nearly $300 on Thursday, valuing Berkshire's stake at about $1.8 billion. The technology group […]

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Stocks making the biggest moves in the premarket: Intel, Mattel, Gilead, Shake Shack & more

Take a look at some of the biggest movers in the premarket: Intel (INTC) — The chipmaker reported third-quarter earnings of $1.11 per share, in line with estimates. Revenue was higher than expected at $18.33 billion, while analysts surveyed by Refinitiv expected $18.25 billion. The company's Data Center Group, however, saw revenue decline by 7% and miss expectations. The shares […]

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South Africa Stocks Rise With Risk-On Sentiment Boosting Anglo

Sign up to our Next Africa newsletter and follow Bloomberg Africa on Twitter South Africa’s main stock index rose 0.8% as of 10:31 a.m. in Johannesburg, the biggest gain since Oct. 12, as increased appetite for riskier assets lifts miners. Diversified mining giant Anglo American Plc climbed 1.9% and was among the biggest contributors of index points to the benchmark. […]

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5 things to know before the stock market opens Wednesday

U.S. stock futures were steady Wednesday morning. The Dow Jones Industrial Average, S&P 500 and Nasdaq finished higher, though off the highest levels Tuesday, after signs of progress in talks between Democrats and the White House over a new Covid-19 stimulus package with less than two weeks until the Nov. 3 election. The Dow and S&P 500 logged two-day winning […]

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Nestle shrugs off COVID-19 impact thanks to pet food and health nutrition

Fox Business Flash top headlines for October 20 Fox Business Flash top headlines are here. Check out what’s clicking on FoxBusiness.com. Nestle raised its guidance for 2020 organic sales growth to around 3% after beating third-quarter expectations on Wednesday with 4.9% growth driven by strong demand for pet food, coffee and health products. Continue Reading Below The world's biggest food […]

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