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.
Day: October 3, 2018
UK Services PMI Declines to 53.9 in September. Activity in the UK service sector slowed slightly but remained solid last month.
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.”
Tencent Music Entertainment Group on Tuesday filed to go public in the U.S., kicking off what will likely be one of the biggest technology IPOs to date.
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.