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Business Blog

NYU's 'dean of valuation' says Nikola exists 'to make Tesla look cheap'

"That's one good thing for Tesla. Now, you have something to point to and say, 'Look, we're cheap relative to Nikola,'" said NYU's Aswath Damodaran.
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Markets could be challenged by Washington stimulus talks and China tensions

The debate over the next round of stimulus and rising tensions between the White House and China could create headwinds for the market.
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Amazon's livestreaming platform Twitch will work 'much closer' with the music industry in Asia

Music is a priority for Twitch, particularly K-pop — the music genre from South Korea that has grown in popularity over the years, according to Sunita Kaur.
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House Democrats urge SEC to dig into Kodak transactions

The head of the U.S. House Financial Services Committee and other top Democratic lawmakers on Wednesday asked federal regulators to investigate securities transactions made by Eastman Kodak and its executives around the time it learned it could receive a $765 million government loan.
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Southeast Asia's largest bank reports 22% fall in second-quarter net profit

Net profit at DBS fell to 1.25 billion Singapore dollars ($912.9 million) in the second quarter — down from 1.6 billion Singapore dollars a year ago but beating Refinitiv estimates.
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South Korea stocks lead gains as Asia Pacific stocks trade mixed

Stocks in Asia Pacific traded mixed Thursday morning as investors continued to watch tensions between the U.S. and China.
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