Stock markets
U.S.-listed Chinese stocks audit dispute: China regulator tells auditors to consider preparing for inspections
The China Securities Regulatory Commission and U.S. securities regulators have been locked in a dispute over allowing U.S. review of Chinese company audits, threatening delisting in coming years. Costfoto | Future Publishing | Getty Images BEIJING — China has sent another signal of progress toward resolving an audit dispute that’s threatened U.S.-listed Chinese companies with […]
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Stocks making the biggest moves premarket: GameStop, Apple, BlackBerry and more
Check out the companies making headlines before the bell: GameStop (GME) – GameStop plans to seek shareholder approval to boost the number of shares outstanding in order to enable a stock split. The videogame retailer is proposing an increase to 1 billion shares from 300 million. The stock surged 16.6% in the premarket. Apple (AAPL) […]
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Baird downgrades Walgreens, says stock is ‘too complicated’ after latest earnings report
Walgreens reported quarterly earnings beating Wall Street estimates, but shares fell nearly 6% Thursday as investors worried pandemic-related demand is fading. Source
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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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Here’s how China’s latest Covid lockdowns have affected American businesses in the country
The metropolis of Shanghai, where many foreign businesses are located, entered a two-part lockdown this week as municipal authorities sought to control an outbreak in China’s worst Covid wave in two years. Hector Retamal | Afp | Getty Images BEIJING — China’s worst Covid wave since the initial shock of the pandemic has cut into […]
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Asia is seeing a wave of buybacks. Goldman and Morgan Stanley say these companies could be next
Asia has seen a wave of stock buybacks, and bank analysts say it’s not stopping anytime soon. Chinese tech giant Alibaba said last week it will increase its share buyback program from $15 billion to $25 billion. Phone maker Xiaomi announced Tuesday a buyback of up to 10 billion Hong Kong dollars ($1.28 billion), while JD […]
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Cramer’s lightning round: AT&T is not a buy
“Mad Money” host Jim Cramer rings the lightning round bell, which means he’s giving his answers to callers’ stock questions at rapid speed. Source
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Jim Cramer says one of these red-hot stocks is a maybe, the other is a miss
CNBC’s Jim Cramer on Thursday broke down why Alto Ingredients is a risky buy while Gladstone Land is a complete miss. “You have my blessing to swing at Alto Ingredients for speculation, but Gladstone Land is coming in way too hot,” the “Mad Money” host said. Alto Ingredients stock fell 0.15% on Thursday to $6.82, […]
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Buy Dollar General for consistency and Dollar Tree for high-risk, high-reward, Jim Cramer says
CNBC’s Jim Cramer on Thursday said investors who value consistency should buy Dollar General while risk-takers should purchase Dollar Tree. “If you want a consistent operator that doesn’t need to do anything too crazy to beat the estimates, that’s Dollar General. Even though they’re lowering prices, I think that’s a good long-term strategy to win […]
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Jim Cramer says market will find a bottom ‘far more quickly than you think’ and is poised to rally
CNBC’s Jim Cramer on Thursday predicted that Wall Street will price in a bottom soon and the market will be set for a “tremendous rally.” “Suddenly, the conventional wisdom says there’s too much of everything, so prices are going to come down. Stock prices are anticipating that. And that’s why the only sectors that sustained […]
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