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Business

Asian markets poised for choppy day after Wall Street's fall

Asian stock markets faced a choppy session on Tuesday after Wall Street dipped as investors took profits at the end of a record-breaking month while still remaining upbeat about the prospect of a COVID-19 vaccine fuelling gains into next year.

Business Video

GM, Nikola announce reworked agreement; Nikola shares tumble 25%

General Motors Co and Nikola Corp on Monday announced a reworked agreement on a fuel-cell partnership that eliminates an equity stake in the startup for the Detroit automaker as well as plans for building Nikola's electric pickup truck, sending Nikola shares tumbling almost 25%.

Zoom's margins dented by booming free user base, cloud costs

Zoom Video Communications Inc warned on Monday its gross margins would remain under pressure going into 2021 as the surging number of free users of its video conferencing service makes it hard to offset a spike in costs to maintain its growth.

Markets

S&P » 3,621.63 -0.46%
Dow » 29,638.64 -0.91%
FTSE 100 » 6,266.19 -1.59%
Nikkei 225 » 26,433.62 --
US 10YR
+0.842
+0.000
DE 10YR
-0.569
+0.003
JP 10YR
+0.030
-0.001
USD / EUR » 0.8375 -0.07%
USD / GBP » 0.7497 -0.11%
USD / JPY » 104.3000 +0.03%