Breaking News: Markets

HSBC posts record annual profit but misses estimates on China write-down, shares tumble 7%

HSBC‘s full-year 2023 pretax profit missed analysts’ estimates on Wednesday, hit by impairment costs linked to the lender’s stake in…

Appeals court will rehear challenge to Nasdaq board diversity rule, putting mandate at risk

A federal appeals court agreed to rehear a challenge by two conservative groups to Nasdaq’s board diversity rule related to…

Houthis claim ‘catastrophic’ attack in Red Sea that prompted crew to abandon ship

The Iran-backed Houthi militant group on Sunday damaged a ship offshore Yemen, prompting its crew to abandon the vessel in…

Shopping online at 2 a.m.? That’s a red flag for buy now, pay later lender Affirm

Americans shopping online after midnight often make riskier transactions and are more likely to default on their loans, according to…