Alibaba and JD.com reported slower growth in Singles Day sales, indicating a struggling economy. Package deliveries surged during the event.
Dye & Durham will explore the possibility of selling noncore assets as part of a strategic review to reduce debt levels and improve financial position.
KEPCO achieves net profit in Q3 2022, ending nine-quarter losing streak due to tariff adjustments and cost management strategies.
Moody’s downgrades U.S. credit rating outlook to negative, citing increasing federal deficit and political polarization.
Hawaiian Electric Industries faces challenges and suspends guidance after the Maui wildfire. The company contributes $75 million to a fund for victims and faces pending lawsuits.
U.S. stock futures are struggling after a poor bond auction and indications of higher interest rates, disrupting the winning streak for major indexes.
AMC shareholders express desire to shake up board in vote, but proposal fails due to no-shows and abstentions. Stock experiences decline.