China
Stocks making the biggest moves midday: Twitter, Starbucks, Tesla and more
Andrew Burton | Getty Images News | Getty Images Check out the companies making headlines in midday trading. Twitter — The social media company soared 26.6% after a filing revealed that Elon Musk has taken a 9.2% passive stake in the firm, worth about $2.9 billion. The purchase came weeks after the Tesla CEO polled […]
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U.S.-listed Chinese stocks jump after China reportedly considers sharing company audits
A security personnel stands guard at the opening session of Baidu’s annual AI developers conference Baidu Create 2019 in Beijing, China, July 3, 2019. Jason Lee | Reuters New York-listed Chinese stocks jumped Friday after a report that China is considering sharing key information that would allow the firms to continue trading publicly in the […]
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Chinese EV players Xpeng, Nio and Li Auto see car deliveries surge in March
Chinese electric carmakers Nio, Xpeng and Li Auto are facing several headwinds including higher raw material costs and a resurgence of Covid in China. However, they all posted a surge in March delivery volumes. Qilai Shen | Bloomberg | Getty Images Chinese electric vehicle start-ups Nio, Xpeng and Li Auto delivered more cars in March […]
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Russia and the West are battling to get China and India to take their sides in the Ukraine war
Russian President Vladimir Putin, Indian Prime Minister Narendra Modi and Chinese President Xi Jinping meet on the sidelines of the 2019 G-20 summit in Osaka, Japan. Mikhail Klimentyev | Afp | Getty Images Russia’s invasion of Ukraine has led to the biggest clash in decades between Moscow and the West. Both are competing to persuade […]
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There are big shake-ups in the latest list of Asia’s 100 ‘best’ restaurants
Hong Kong is the top destination in Asia for foodies this year, according to new rankings released by the 50 Best organization. The city is home to 16 of the region’s “best” 100 restaurants, as shown in the list, released in two parts in March. Thailand and Japan tied for second place, each with 13 […]
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Solomon Islands says security deal with China won’t include military base
Smoke rises from the Chinatown district of Honiara last November. Riots struck the country after Solomon Islands Prime Minister Sogavare severed diplomatic relations with Taiwan in favor of China. Charley Piringi | AFP | Getty Images Seeking to counter international fears over its new security alliance with China, the Solomon Islands said Friday it won’t […]
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Citi raises its forecast for China’s GDP growth, bringing it closer to the official target
Real estate and related sectors account for at least 25% of China’s economy, according to Moody’s. Costfoto | Future Publishing | Getty Images BEIJING — China’s economy faces so much new pressure from Covid that Beijing may increase stimulus — boosting overall growth, Citi said Thursday. “Given the strong start of the year and the […]
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Stocks making the biggest moves midday: Walgreens, AMD, Dell and more
A pedestrian wearing a protective mask walks past a Walgreens store in San Francisco, California. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Walgreens — The drug store chain fell about 5% after the company reported its quarterly results. Despite recording a beat on earnings, it […]
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Stocks making the biggest moves premarket: Walgreens, Baidu, Novavax and others
Check out the companies making headlines before the bell: Walgreens (WBA) – The drug store operator reported an adjusted quarterly profit of $1.59 per share, 19 cents above estimates, with revenue also topping Wall Street forecasts. Comparable pharmacy sales rose 7.3%, helped by demand for Covid vaccines. Walgreens shares initially rose in the premarket but […]
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Wall Street banks name their top global stock picks to navigate market volatility
Defensive stocks, “rock solid” payouts and buying the dip: Wall Street analysts share their favorite strategies for navigating the market volatility right now. Source
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