China’s property woes and U.S. sanctions have hit some cities hard

Key Points

China’s property struggles and U.S. sanctions have significantly affected some of its cities, even as others benefit from Beijing’s tech push, Milken Institute’s best performing cities China index showed Tuesday.
Hangzhou, capital of the eastern Zhejiang province and home to Alibaba and other tech companies, ranked first in this year’s rankings.
Other cities, such as Zhuhai, once a “rising star,” dropped in the rankings due to the slump in real estate.

Source

Finance

Kalshi traders don’t see Strait of Hormuz traffic returning to normal until July

April 23, 2026

Key Points Bettors on prediction markets platform Kalshi now see the chances of traffic in the Strait of Hormuz returning to normal in June as below 50%. Those bettors think there’s a 59% chance traffic is back to normal by July, and a 61% chance by August. Kalshi defines normal traffic as transit through the […]

Finance

Stocks making the biggest moves premarket: Honeywell, Nokia, Netflix, IBM, Tesla & more

April 23, 2026

Check out the companies making the biggest moves before the bell: Netflix — The streaming giant gained more than 1% after a regulatory filing showed the company authorized an additional $25 billion share buyback. Helix Energy Solutions — Shares of the offshore energy company rose more than 3% after Helix agreed to merge with privately […]

Finance

Stocks making the biggest moves after hours: Tesla, IBM, ServiceNow, Southwest Airlines and more

April 22, 2026

Check out the companies making headlines after the bell : International Business Machines — The technology giant slipped 6% after IBM failed to raise its full-year guidance after posting an earnings beat. IBM reported first-quarter earnings of $1.91 per share, excluding items, beating forecasts of $1.81, according to LSEG. The company’s $15.92 billion in revenue […]