Baidu Inc
China tries to shake off the worst of the pandemic in a long, zero-Covid journey
A handful of tourists visit the normally packed Yuyuan Garden during the Dragon Boat Festival holiday on June 4, 2022, in Shanghai, where authorities are allowing a return to normal life and business activity. Vcg | Visual China Group | Getty Images BEIJING — China is starting to show signs of recovery from the latest […]
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Self-driving car companies’ first step to making money isn’t robotaxis
A WeRide robotaxi with health supplies heads to Liwan district on June 4, 2021, in the southern Chinese city of Guangzhou. Southern Metropolis Daily | Visual China Group | Getty Images BEIJING — While governments may be wary of driverless cars, people want to buy the technology, and companies want to cash in. It’s a […]
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Stocks making the biggest moves midday: American Eagle Outfitters, Unilever, Nio and more
Nio began deliveries of its new ET7, an upscale electric sedan, on Monday, March 28, 2022. Nio Check out the companies making headlines in midday trading. Marathon Oil, Diamondback Energy — Energy stocks rose along with oil prices after an agreement from European Union leaders to ban most crude imports from Russia stoked inflation fears. […]
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Alibaba, Tencent and JD.com all just posted their slowest revenue growth on record
Alibaba, whose headquarters are pictured here on May 26, said its online physical goods GMV in China, excluding unpaid orders, fell further in April, with a “low teens” decline from a year ago. Str | Afp | Getty Images BEIJING — Chinese tech giants Alibaba, Tencent and JD.com have all posted their slowest revenue growth […]
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Stocks making the biggest moves premarket: Macy’s, Twitter, Medtronic and more
Check out the companies making headlines before the bell: Macy’s (M) – Macy’s surged 15% in the premarket after reporting better-than-expected profit and revenue for the first quarter and raising its full-year earnings forecast. Results got a boost from strong apparel demand as people returned to work and other out-of-home activities. Dollar General (DG) – […]
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Shares in Asia-Pacific nudge higher; New Zealand central bank hikes rates again
SINGAPORE — Shares in Asia-Pacific nudged higher in Wednesday trade, with New Zealand’s central bank announcing yet another rate hike. Hong Kong’s Hang Seng index advanced 0.64% by the afternoon, while the Shanghai Composite in mainland China edged about 0.6% higher and the Shenzhen Component gained 0.145%. The Nikkei 225 in Japan climbed 0.11% while […]
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Why the first autonomous vehicles winners won’t be parked in your driveway
An Apollo Robotaxi runs at Shougang Park as Baidu launches China’s first driverless taxi service in the city on May 2, 2021 in Beijing, China. He Luqi | Qianlong.com | Visual China Group | Getty Images For years, Alphabet’s Waymo and others leaders have promised autonomous vehicles are just around the bend. But that future […]
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Tesla whale calls for $15 billion stock buyback after share price craters
Tesla CEO Elon Musk is trying to buy Twitter and manage multiple companies at the same time. James Glover II | Reuters Billionaire Leo Koguan, who claims to be the third largest individual shareholder of Tesla stock, is calling on the carmaker to announce a $15 billion stock buyback as the company’s share price continues […]
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China Vice Premier Liu soothes tech firms, supports overseas listings
Chinese Vice Premier Liu He speaks at a national video teleconference on May 7, 2022. He made soothing comments to tech executives on Tuesday, saying the government supported the development of the sector and public listings for technology companies in further signs a crackdown on the sector is easing. Ding Lin | Xinhua News Agency […]
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Stocks making the biggest moves in the premarket: Walmart, Home Depot, Citigroup and more
Take a look at some of the biggest movers in the premarket: Walmart (WMT) – Walmart slumped 7% in premarket trading after missing bottom-line expectations for the first quarter. The retail giant earned $1.30 per share, 18 cents a share below estimates as inflationary pressures offset the positive impact of better-than-expected sales. Home Depot (HD) […]
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