8:19 a.m. Nov. 26, 2021
Pinduoduo Stock Gets Crushed. Sales Miss Estimates.
The Chinese e-commerce company reports third-quarter sales below Wall Street expectations.
6:35 a.m. Nov. 23, 2021
- By Jon Swartz
Zoom's stock swings lower on fourth-quarter prospects after initially rising on revenue and earnings beatZoom Video Communications Inc.'s stock initially popped 5% in extended trading after the video-conferencing service giant posted revenue, earnings and guidance that beat Street estimates. The stock eventually fell during a conference call with analysts late Monday.
5:32 a.m. Nov. 23, 2021
China’s New Stock Exchange Is Off to a Strong Start
Foreign investors are not yet allowed to open individual trading accounts on the Beijing Stock Exchange, now mainland China’s third, after bourses in Shanghai and Shenzhen.
3:07 a.m. Nov. 23, 2021
Zoom's Earnings Surpass Forecasts but Stock Tumbles
The videoconferencing company posted financial results that edged past what it told investors to expect, and management increased its full-year forecast.
3:10 a.m. Nov. 22, 2021
Alibaba Stock and Others Fall After New Chinese Scrutiny. Why the Worst May Be Over.
The latest round of fines from China's competition regulator focuses on the failure to declare deals as far back as 2012. But it isn't all doom-and-gloom.
7:32 a.m. Nov. 20, 2021
- By Jon Swartz
Will Zoom be able to withstand workers returning to the office?While it is true a rise in COVID vaccinations means fewer people are working remotely and not in need of the videoconferencing service, enterprises remain committed to Zoom.
7:00 a.m. Nov. 20, 2021
China fines tech giants over anti-monopoly violations againChinese tech giants including Alibaba Group and Tencent Holdings were fined Saturday for failing to report corporate acquisitions, adding to an anti-monopoly crackdown by the ruling Communist Party.
4:34 a.m. Nov. 19, 2021
- By Chris Matthews
Crypto can 'destabilize nations' and 'undermine' U.S. dollar dominance, Hillary Clinton saysFormer U.S. Secretary of State Hillary Clinton on Friday warned nations across the globe to take the growing popularity of cryptocurrencies seriously, because these instruments have the potential to undermine the power of nation states and the role of the U.S. dollar in the global economy.
7:33 a.m. Nov. 18, 2021
JD.com Stock Rises as Chinese E-Commerce Giant Posts 25% Sales Increase
JD.com says third-quarter results were driven by its 'growing consumer mindshare.'
7:31 a.m. Nov. 18, 2021
Alibaba Stock Is Tumbling After a Bad Earnings Miss and Slashed Sales Outlook
Sales and earnings at the Chinese e-commerce giant fall well short of Wall Street's expectations. Full-year sales will be far lower than previously guided.
4:50 a.m. Nov. 17, 2021
Baidu Posts Sharp Loss but Revenue Rises 13% on Cloud Growth
Third-quarter revenue at the Chinese search-engine giant jumps 13% and beats analysts’ estimates.
10:35 p.m. Nov. 16, 2021
- By Barbara Kollmeyer
Alibaba-led consortium poised for $8 billion deal for China chip giant Tsinghua: reportA consortium led by multinational tech giant Alibaba Group Holding could be set to take over debt-ridden Chinese chipmaker, Tsinghua Unigroup, in a deal worth over 50 billion yuan ($7.8 billion), , citing sources. Alibaba's bid was seen as leading due to its weight in the tech space and financial position, and as it already has a cloud and chip business. Shares of Unisplendour , a unit of Tsinghua, climbed 5% in Shenzhen on Wednesday. None of the parties involved would offer comment to Bloomberg. The transaction is expected to be completed by December.
6:31 a.m. Nov. 15, 2021
The Dollar Is at 16-Month Highs. Thanks to the Fed, It Could Get Even Stronger.
The prospect that the Federal Reserve will raise interest rates this year is supportive of a stronger dollar. Higher inflation only adds to that narrative.
9:10 a.m. Nov. 11, 2021
Chinese shoppers spend $139 billion during Singles' Day festChinese shoppers spent $139.1 billion during this year's annual Singles' Day shopping extravaganza, breaking last year's record even though spending slowed during the coronavirus pandemic.
4:46 a.m. Nov. 11, 2021
Alibaba and JD.com Rise on Singles Day. Black Friday in China Was a Success.
Singles Day looks to have been a success for Chinese e-commerce, despite it being subdued this year following a regulatory crackdown on the tech sector.
9:56 a.m. Nov. 3, 2021
- By Charles Benoit
Why is U.S. customs law helping Amazon and China, and not U.S. manufacturers and retailers?The de minimis customs rule allows Chinese producers to ship directly to consumers, thus avoiding U.S. tariffs, taxes and oversight, and giving them an unfair advantage over U.S. producers and retailers.
1:36 a.m. Nov. 2, 2021
Iron-Ore Prices in China Plunge. These Stocks Are Tumbling Too.
Steel output in China, the world's second-largest economy, fell in late October to the lowest level since March 2020.
5:06 a.m. Oct. 22, 2021
Crypto Use Is Taking Root in Emerging Markets
Crypto is expanding in countries like Cambodia, Nigeria, and El Salvador through user-friendly exchanges and from governments rolling out digital currencies.
6:58 p.m. Oct. 21, 2021
Asian markets gain as Evergrande makes overdue bond paymentAsian shares gained Friday after a late-in-the-day wave of buying pushed the S&P 500 to a fresh record high.
6:10 p.m. Oct. 21, 2021
Struggling Chinese developer Evergrande makes overdue $83.5 million bond paymentA troubled Chinese developer whose struggle to avoid a multibillion-dollar debt default has rattled global financial markets wired $83.5 million on Friday to make an overdue payment to foreign bondholders, a government newspaper reported.
8:18 a.m. Oct. 21, 2021
- By Greg Robb
Digital dollar would put Fed in direct competition with banks, Fed's Waller saysIf the Fed developed a digital currency, it would in direct competition with banks and would be akin to the government to deciding to make electric cars to compete with Tesla, said Fed Gov. Chris Waller on Thursday.
1:38 a.m. Oct. 21, 2021
Tesla Just Had a Strong Quarter. Its Valuation Is for a Very Different Business.
If it were to beat estimates in every quarter next year by as much as it did during the third quarter, Tesla still would be trading at over 100 times 2022 earnings.
12:57 a.m. Oct. 21, 2021
Evergrande Stock Tumbles as $2.6 Billion Asset Sale Collapses Before Key Deadline
The 30-day grace period for Evergrande to make interest payments on a key U.S.-dollar denominated bond reportedly ends at the weekend.
10:12 a.m. Oct. 20, 2021
- By Myra P. Saefong
U.S. oil prices up a 5th session as domestic supplies post a surprise declineOil futures finish higher on Wednesday, buoyed by a surprise weekly decline in U.S. crude inventories and a drop in gasoline stocks to their lowest in almost two years, even as China's move to bolster coal supplies looked to dull the outlook for oil demand.
5:00 a.m. Oct. 20, 2021
- By MARY YANG
U.S. worries crypto currencies could weaken sanctions and dollar's dominance rypto currencies pose a threat to U.S. sanctions and the dollar’s dominant role in the global economy, the Treasury said this week, and the U.S. has to adopt more safeguards to protect national security.
12:36 p.m. Oct. 19, 2021
- By Satyajit Das
China’s slowing growth and massive debt threaten stock and bond investors worldwideWhat happens in China is unlikely to stay in China.
1:52 a.m. Oct. 19, 2021
Evergrande Pays Key Bond Coupon, According to Report
The decision is seen as a choice to prioritize domestic creditors after the company missed payments on several offshore bonds.
12:30 p.m. Oct. 16, 2021
- By Mark DeCambre
Energy crisis? What experts are saying as world faces historic energy-price crunchPrices of fossil fuels around the globe have been surging. Some commodity pros are referring to this current condition as an “energy crisis,” one that could have far-reaching implications for average Americans but also for energy policy as the U.S. --- and the rest of the world --- attempts to wean itself off crude oil and transition to renewable sources of power.
1:00 a.m. Oct. 15, 2021
Can Digital Money Replace Cash? Central Banks Are Trying to Find Out.
An effort in China to pilot central bank digital currency is setting important precedents about privacy and individual choice.
3:54 a.m. Oct. 12, 2021
China pledges $230 million and urges more help for biodiversity fund at first of two key U.N. climate meetings this fallChina on Tuesday pledged about $230 million to establish a fund to protect biodiversity in developing countries.
10:02 p.m. Oct. 11, 2021
Heavy floods leave at least 28 dead, force thousands to evacuate in key coal mining region in northern ChinaThe bus crash occurred Monday after heavy rains caused flooding that destroyed homes and covered farmland in two provinces near the national capital Beijing.
1:30 a.m. Oct. 11, 2021
Sentiment Toward China Is Changing, as Tech Names Rally After Major Fine
The extent of the fear that has built around China’s crackdown and its potential impact is perhaps best characterized by the relief spreading across Hong Kong markets amid signs it may not actually be that bad.
4:34 a.m. Oct. 7, 2021
- By Barbara Kollmeyer
Here are the three biggest risks for stocks right now, and the red flags to watchTS Lombard strategists have their eye on three big risks hovering over equities. They lay out what investors should watch.
3:30 a.m. Oct. 5, 2021
- By Jurica Dujmovic
Here's the rundown of Volkswagen's planned electric vehicles, including the mass-market ID.4 and modernized 'hippie van'Four Volkswagen Group brands aim to release 27 EV models worldwide by the end of next year.
7:01 p.m. Oct. 3, 2021
China's Communist Party exerting tighter control over the country's internet giants"Who is going to stand up and say to Xi Jinping, ‘Your policy is going to be harmful to China’? " asks Chinese politics specialist at London institution.
2:41 a.m. Oct. 1, 2021
- By Jeremy C. Owens
Zoom and Five9 call off multibillion-dollar merger amid scrutinyZoom Video Communications Inc. and Five9 Inc. called off their multibillion-dollar merger Thursday, after Five9 shareholders voted against a deal that was being investigated by the U.S. Department of Justice.
3:21 p.m. Sept. 30, 2021
Zoom Acquisition of Five9 Collapses After Shareholders Vote it Down
The merger had been opposed by an influential proxy-analysis firm, and the federal government had said it might pose national security risk.
6:47 p.m. Sept. 29, 2021
Asian markets mixed as investors weigh latest economic dataAsian shares were mixed Thursday after a mostly positive trading session on Wall Street.
9:52 p.m. Sept. 28, 2021
- By Serena Ng
China Evergrande plans to raise $1.5 billion through bank-stake saleEvergrande, the world’s most indebted property developer, has struggled in recent months to raise cash and meet its financial obligations after borrowing heavily from investors.
8:18 p.m. Sept. 28, 2021
Asian markets track sharp losses on Wall StreetA swift rise in Treasury yields is forcing investors to reassess whether prices have run too high for stocks, particularly the most popular ones.