Market Insider
China says it’s willing to cooperate with the U.S. on fentanyl
China’s and U.S.’ flags are seen printed on paper in this illustration taken January 27, 2022. Dado Ruvic | Reuters BEIJING — China is willing to do more to address White House concerns about illicit fentanyl trade, but it will be “a different thing” if ongoing debate over the drug facilitates more U.S. tariffs on […]
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DeepSeek AI cranks open the spigots on Chinese venture capital
Key Points DeepSeek’s artificial intelligence breakthrough has led to an “avalanche” of interest in Chinese tech firms over recent months. It could mark a much-needed boost for the country’s investment landscape. VC investment into China-based companies has fallen for the last three years, according to Pitchbook data. “People are rushing just to find the next […]
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Mainland Chinese investors snap up a record amount of Hong Kong stocks to play AI
Hong Kong’s stock exchange reported its highest quarterly profit in nearly four years after China’s stimulus measures boosted trading and listing volume. Bloomberg | Bloomberg | Getty Images BEIJING — Mainland Chinese investors are piling into the Hong Kong stock market at record volumes as its tech-heavy Hang Seng Index trades around three-year highs. Net […]
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China’s $41 billion plan to boost consumption is just a start as deflationary pressures deepen
Key Points Chinese Premier Li Qiang last week delivered an annual report on government work that named boosting consumption as the top task for the year ahead. The state planner calls for efforts to “increase spending power” and encourage the development of products and scenarios that would encourage consumers to spend. But it’s not a […]
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Stocks making the biggest moves after hours: Delta Air Lines, Oracle, Asana and more
Check out the companies making headlines in after-hours trading: Delta Air Lines — Shares of the airline operator slid about 14%. The company dialed back its forecast for the first quarter, citing “the recent reduction in consumer and corporate confidence caused by increased macro uncertainty.” Delta now sees year-over-year revenue growth of 3% to 4% […]
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Stocks making the biggest moves midday: Tesla, Robinhood, Nvidia, Cognizant and more
Check out the companies making headlines in midday trading: Bank stocks — Major banks came under pressure during Monday’s session amid rising concerns about a potential slowdown in the U.S. economy. JPMorgan Chase and Goldman Sachs fell roughly 4%. Citigroup slid more than 4%, and Wells Fargo dropped 5%. Bank of America shed more than […]
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Stocks making the biggest moves premarket: JPMorgan Chase, Coinbase, Redfin, Novo Nordisk
Check out the companies making headlines in premarket trading. Bank stocks — Shares of major banks were under pressure Monday as worries over a possible U.S. economic slowdown weighed on them. JPMorgan Chase dropped more than 1% along with Citigroup , Wells Fargo , Bank of America , Morgan Stanley and Goldman Sachs . DoorDash […]
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Stocks making the biggest moves midday: Costco, Tesla, Broadcom, Gap, Samsara and more
Check out the companies making headlines in midday trading: Costco — Shares shed nearly 7% after the retail giant’s earnings for the second quarter missed Wall Street estimates. Costco reported earnings of $4.02 per share for the period, below the $4.11 per share that analysts surveyed by LSEG were expecting. Second-quarter revenue, however, topped estimates. […]
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Stocks making the biggest moves premarket: Walgreens, Broadcom, Gap, Hewlett Packard Enterprise and more
Check out the companies making headlines before the bell. Broadcom — Shares of the chipmaker jumped 10% after the company’s fiscal first-quarter results beat Wall Street’s estimates on both the top and bottom lines. Broadcom also issued rosy guidance for the current quarter. The company forecasts second-quarter revenue of $14.9 billion, above the $14.76 billion […]
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