StockMarketNews.Today – The Dow Jones Industrial Average and S&P 500 were on track to make a run at fresh records Wednesday as investors weighed upbeat comments on the U.S. economy from central-bank officials and looked ahead to Friday’s jobs report.
StockMarketNews.Today – Research firm Markit said its services purchasing managers’ index fell to 53.9 in September compared to forecasts for a reading of 54.0. The prior month’s reading was 54.3.
StockMarketNews.Today – According to a new SEC filing, Buffett is sitting on $55 billion in cash through his company Berkshire Hathaway. This is highly unusual behavior from a man often called “the world’s greatest investor.”
StockMarketNews.Today –
Tencent Music revealed sharp growth in its Tuesday filing, with revenue more than doubling in 2017 to $1.66 billion. About 70% of revenue came from its social entertainment services, including online karaoke, live streaming and sales of merchandise. It posted a profit of $199 million in 2017, up from roughly $2 million a year earlier.
