Latest Shanghai News

Visitors to the financial district walk past the New York Stock Exchange, Wednesday, Oct. 28, 2020, in New York.  U.S. stocks are drifting on Thursday after better-than-expected reports on the economy help stabilize Wall Street following its worst rout in months.  (AP Photo/Mary Altaffer)

Wall Street ends higher after shaking off a wobbly start

Oct. 29, 2020 4:34 PM EDT

U.S. stocks shook off an early slide and closed broadly higher Thursday as the market steadied after its worst drop in more than four months. The S&P 500 rose 1.2%, bouncing back from a drop of 0.3% in the early going. Traders welcomed encouraging data on the pace of layoffs and how powerfully the economy...

FILE - This May 12, 2020 file photo shows Carnegie Hall in New York. Carnegie Hall has extended its closure due to the novel coranavirus pandemic through April 5, 2021. (Photo by Evan Agostini/Invision/AP, File)

Carnegie Hall to remain closed through April 5

Oct. 29, 2020 4:27 PM EDT

NEW YORK (AP) — Carnegie Hall has extended its closure due to the coronavirus pandemic through April 5. The decision announced Thursday leaves only the possibility of performances at the very tail end of the hall’s 2020-21 season. Carnegie has been closed since March 12 and last June has canceled...

A currency trader walks by the screen showing the Korea Composite Stock Price Index (KOSPI) at the foreign exchange dealing room in Seoul, South Korea, Thursday, Oct. 29, 2020. Asian shares logged moderate losses on Thursday and U.S. futures turned higher after the S&P 500 slid 3.5% overnight for its biggest drop since June. (AP Photo/Lee Jin-man)

Asian shares lower, US futures up after S&P 500 sinks 3.5%

Oct. 28, 2020 11:47 PM EDT

Asian shares declined Thursday and U.S. futures turned higher after the S&P 500 slid 3.5% overnight for its biggest drop since June. The selling in U.S. markets followed broad declines in Europe, where the French president announced tough measures to slow the virus’ spread and German officials agreed...

People wearing face masks walk past a bank's electronic board showing the Hong Kong share index in Hong Kong, Wednesday, Oct. 28, 2020. Asian shares headed lower Wednesday on worries about rising virus counts and Washington's inability to deliver more aid to the economy. (AP Photo/Kin Cheung)

Asian stocks fall on worries over rising virus cases, US aid

Oct. 27, 2020 10:51 PM EDT

TOKYO (AP) — Asian shares headed lower Wednesday on worries about rising virus counts and Washington's inability to deliver more aid to the economy. The uncertainty surrounding the upcoming U.S. election also has regional market players hesitant to make big moves. Japan's benchmark Nikkei 225 fell 0.3%...

In this Friday, Oct. 23, 2020, photo, the figure of the Ant Group's mascot is displayed at the office in Hong Kong. The world's largest fintech company, China's Ant Group, will try to raise nearly $35 billion in a massive public offering of stock that would shatter records. (AP Photo/Kin Cheung)

Here's why Ant Group is about to shatter IPO records

Oct. 27, 2020 9:14 PM EDT

HONG KONG (AP) — Stella Su, who lives and works in Shanghai, has used an ATM only once in the past year. Instead of cash, in recent years she has done almost all her business using the digital wallet Alipay –- shopping in a mall, buying stuff online or transferring money to friends. “Now when...

Patrick Cantlay watches his shot from the 18th fairway during the final round of the Zozo Championship golf tournament Sunday, Oct. 25, 2020, in Thousand Oaks, Calif. (AP Photo/Ringo H.W. Chiu)

PGA Tour goes from West Coast to middle of Atlantic Ocean

Oct. 27, 2020 9:52 AM EDT

PGA TOUR BERMUDA CHAMPIONSHIP Site: Southampton, Bermuda. Course: Port Royal GC. Yardage: 6,828. Par: 71. Purse: $4 million. Winner's share: $720,000. Television: Thursday-Saturday, noon to 3 p.m. (Golf Channel); Sunday, 11 a.m. to 2 p.m. (Golf Channel). Defending champion: Brendon Todd. FedEx Cup leader: Bryson...

A woman walks past a bank's electronic board showing the Hong Kong share index at Hong Kong Stock Exchange Tuesday, Oct. 27, 2020. Shares skidded in Asia on Tuesday after surging coronavirus cases and waning hopes for U.S. economic stimulus gave Wall Street its worst day in a month. (AP Photo/Vincent Yu)

Asian shares slip after Wall St's worst day in a month

Oct. 27, 2020 12:10 AM EDT

Shares skidded in Asia on Tuesday after surging coronavirus cases and waning hopes for U.S. economic stimulus gave Wall Street its worst day in a month. Stock benchmarks fell in Tokyo, Shanghai, Hong Kong and Sydney. Shares were flat in South Korea, where economic growth data were slightly better than expected. ...

FILE - This July 20, 2020, file photo, shows, the app for Alipay, the mobile payments service operated by Ant Group, on a smartphone in Beijing. China’s Ant Group will try to raise nearly $35 billion in its initial public offering in Shanghai and Hong Kong, which would make it the largest share offering in history. Alibaba-affiliated Ant Group, which operates a suite of financial products including the widely-used Alipay digital wallet in China and one of the world’s largest money market funds, will hold dual listings in Shanghai and Hong Kong.  (AP Photo/Ng Han Guan, File)

Chinese fintech could shatter records with $35B share offer

Oct. 26, 2020 10:26 AM EDT

HONG KONG (AP) — The world’s largest fintech company, China's Ant Group, will try to raise nearly $35 billion in a massive public offering of stock that would shatter records. Alibaba-affiliated Ant Group, which operates a suite of financial products including the widely-used Alipay digital wallet...

Pedestrian stand near an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Monday, Oct. 26, 2020. Asian shares were little changed in muted trading Monday amid widespread uncertainty over what the U.S. presidential election will portend for markets and economic policy.(AP Photo/Eugene Hoshiko)

Asian shares little changed on uncertainty over US election

Oct. 25, 2020 11:47 PM EDT

TOKYO (AP) — Asian shares were little changed in muted trading Monday amid widespread uncertainty over what the U.S. presidential election will portend for markets and economic policy. Investors remain worried over surging cases and deaths related to COVID-19, especially in parts of the U.S. and Europe,...

FILE - In this Oct. 14, 2020 file photo, pedestrians pass the New York Stock Exchange.  Stocks are mixed on Wall Street, following gains in European markets, as more U.S. companies report encouraging results for the summer earnings period. (AP Photo/Frank Franklin II)

US stocks shake off a wobbly start and end mostly higher

Oct. 23, 2020 4:59 PM EDT

U.S. stock indexes closed mostly higher Friday, though the S&P 500 posted its first weekly loss in four weeks. The benchmark index eked out a 0.3% gain after another day of wobbly trading. The Dow Jones Industrial Average finished with a small loss. Gains in communication services, health care and other...