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China factory sector jolts by shrinking in January
China’s factory sector unexpectedly shrank for the first time in nearly 2-1/2 years in January and firms see more gloom ahead, an official survey showed, raising expectations that policymakers will take more action to forestall a sharper slowdown. The official Purchasing Managers’ Index (PMI) fell to 49.8 in January, the National Bureau of Statistics said […]
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NEW YORK (TheStreet) — Shares of Facebook (FB) are trading lower by 0.42% to $77.85 in early market trading on Friday, after the company acquired video-compression company QuickFire Networks as the social media giant makes video delivery a top focus, according to Bloomberg. A spokeswoman for Facebook told Bloomberg via email that video is a crucial part […]
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