American Convey shares dip soon after earnings. Here’s how to perform the stock
Finance
China’s property slump is far from bottoming. But Beijing is prioritizing tech growth
Key Points Chinese policymakers will likely focus more on tech development than real estate as tensions with the U.S. escalate. “The government believes the property market is bottoming,” said Zhu Ning, author of “China’s Guaranteed Bubble.” But he believes “it is a gradual process and may take more time before reaching the bottom.” Source
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Finance
Stocks making the biggest moves after hours: IBM, Tesla, Moderna and more
Check out the companies making headlines in after-hours trading. Southwest Airlines — Shares of the airline gained 2% on the back of a surprise quarterly profit . Southwest also said that demand and fares are both improving. The company reported adjusted earnings of 11 cents per share, while analysts polled by LSEG had expected a […]
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Finance
Western Alliance CEO says alleged loan fraud is ‘incredibly frustrating’ but isolated issue
Key Points Western Alliance is one of the regional banks facing concerns over loans made to non-bank financial players. The bank’s CEO said he believes the alleged loan fraud that sparked a selloff last week is an isolated case. The Cantor Group episode forced Western Alliance to review other loans in its note finance portfolio, […]
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