Beijing grinds to a in close proximity to halt as China’s cash town battles Covid with more lockdowns

Essential Factors

Much more and additional apartment compounds in Beijing on Friday forbade citizens from leaving for at least a several days.
“You constantly listen to of another person heading into lockdown and you have this continuous emotion that you are likely to be next,” Joerg Wuttke, president of the EU Chamber of Commerce in China, explained Friday.
It was not crystal clear how quite a few people today have been impacted at a town amount, and to what degree continue to be-in-place steps have been currently being enforced.

Supply

Finance

Stocks making the biggest moves after hours: Affirm, Coinbase, Pinterest and more

May 8, 2025

Check out the companies making headlines in extended trading. Affirm — Stock in the buy now, pay later company pulled back nearly 8%. Affirm issued fiscal fourth- quarter revenue guidance ranging between $815 million and $845 million, with a midpoint of $830 million. That’s short of the consensus estimate of $841 million, per LSEG. Pinterest […]

Finance

Stocks making the biggest moves midday: AppLovin, Carvana, MercadoLibre, Crocs and more

May 8, 2025

Check out the companies making headlines in midday trading. AppLovin — The mobile ad tech company jumped 12% after first-quarter results that beat analyst expectations. AppLovin also announced it would sell its mobile gaming business in a $400 million deal. Carvana — Shares jumped more than 11% after the online used car marketplace posted better-than-expected […]

Finance

Stocks making the biggest moves premarket: Shopify, AppLovin, Peloton, Tapestry and more

May 8, 2025

Check out the companies making headlines in premarket trading. Shopify — Shares of the commerce technology platform dove 8.7% even after first-quarter revenue came in at $2.36 billion, beating the FactSet consensus estimate of $2.33 billion. Shopify had risen 20% over the past month, and its full year guidance set operating expenses at 39%-40% of […]