Updated at 9:35 am EST Tesla (TSLA) – Get Tesla Inc. Report shares, fresh off their worst quarterly decline on record, trimmed their slump Friday as investors brace for what could be a grim rea...
Tag: China
Tesla Delivery Pace Drops In Second Quarter On China Slowdown
Elon Musk at SpaceX’s Starbase facility near Boca Chica Village in South Texas on February 10, 2022. Tesla’s billionaire CEO had anticipated more robust deliveries at the start of the seco...
Tesla Vehicle Deliveries Tumble After China Factory Shutdown
Tesla vehicle deliveries fell quarter-over-quarter for the first time in more than two years, reflecting an extended shutdown in China, supply-chain disruptions and challenges associated with opening ...
Apple Stock Is Under Pressure. Why Its Earnings Could Trigger a Rebound.
Text size Apple stock has fallen 23% so far this year. Getty Images Investors are feeling a little jittery about Apple stock, and for logical reasons. The company’s June quarter earnings report is les...
China snubs Boeing to strike huge new deal with Airbus
Airbus Beluga – REUTERS/Christian Mang China has snubbed troubled aircraft maker Boeing after three of its national flag carriers placed orders worth $37bn (£31bn) with rival Airbus. China Easte...
June Caixin PMI Beats Expectations, Week In Review
China Last Night KraneShares Week in Review Asian equity performance was mixed this week. Hong Kong and Mainland China have led gains in Asia for the week and for the quarter. Internet stocks were hig...
Li Auto’s CEO asserts the EV firm will undercut German competitors in China
The rapid rise of Chinese electric vehicle (EV) manufacturers is apparently posing a threat to German luxury automakers. Meanwhile, on Wednesday, June 29, Li Xiang, CEO of Li Auto (NASDAQ: LI), expres...
Hong Kong Stock Exchange Closed On July 1
The Hong Kong Stock Exchange is one of the world’s largest. Photographer: Roy Liu/Bloomberg © 2020 Bloomberg Finance LP The Hong Kong Stock Exchange is closed today, July 1, to mark the former B...
Chinese Equities Outperform Asia For The Day, Week, Month & Quarter
China Last Night KraneShares Key News Asia ended the month with a thud except for China which is fitting as China and Hong Kong equities were the only positive markets for the month. For Q2, China and...
China Blockchain Alliance: the idea of virtual currency
Executives of the China Blockchain Service Network (BSN) Development Alliance, Shan Zhiguang and He Yifan, have called virtual currencies the biggest Ponzi scheme in human history. At the same time, h...
Building A New Technology Diplomacy For The 21st Century
IBM Fabricating Plant Getty Images Over the past decade, the Asia-Pacific region has risen in its strategic importance to the United States, in terms of economic and national security. It is now the w...
Negative Views Of China Remain High In New Pew Survey Of 19 Countries
Some 70% of Americans say U.S.-China relations are bad, according to the Pew Research Center. (AP … [+] Photo/Kiichiro Sato, File) ASSOCIATED PRESS Negative views of China, the world’s No. 2 eco...
Tesla Analysts Slash EV Delivery Forecasts After Turbulent China Quarter
Elon Musk speaks during the opening of Tesla’s Giga Berlin plant near Gruenheide, Germany, on March 22. Getty Images Tesla began the second quarter on a tear after starting 2022 with its biggest...
Profit Taking Hits Despite Travel Booking Bonanza Post Quarantine Easing
China Last Night KraneShares Key News Asian equities were a sea of red following the US equity downdraft yesterday. China and Hong Kong were hit with a round of good old fashion profit taking in advan...
De Rucci Healthy Sleep Mints Two Furniture Billionaires
Shenzhen, located over the mainland China board with Hong Kong, is home to Asia’s busiest bourses … [+] for IPOs. (AP Photo/Ng Han Guan) ASSOCIATED PRESS It was a down year for billionaire...
Top 10 U.S. Export Partners Tells A Different, Less Asian Story
Canada and Mexico alone accounted for one-third of all U.S. exports through the first four months of … [+] 2022, the latest data available from the U.S. Census Bureau. ustradenumbers.com Last ye...
Stocks Jump as China Eases Quarantine Period While US Indexes Decline
European stocks saw a two-week high on Monday due to the ease of COVID-19 restrictions in China. China went easy on its strict coronavirus protocols, lifting concerns off investors who have been worri...
China’s economy didn’t bounce back in the second quarter, survey finds
China’s exports surged by 16.9% in May from a year ago, two times faster than analysts expected. Pictured here on June 15, 2022, are workers in Jiangsu province making stuffed toy bears for expo...
Jim Cramer: buy these stocks to play China reopening
China is easing COVID restrictions after two months of lockdown, which, as per Jim Cramer, warrants buying a bunch of U.S. stocks. Cramer says Nike Inc will benefit A name that particularly pops out t...
China Tourism, Airline Stocks Climb On Shorter Quarantines For Int’l Arrivals; Trip.com Soars 14%
Shares in Shanghai-headquartered Trip.com rose by 14% in morning trade in the U.S. on hopes shorter … [+] quarantines for international arrivals in China will help business at the country’...
Trip.com Financial Results Beat & Benefits From China Covid Easing
China Last Night KraneShares Key News Asian equities were largely higher as China, the Philippines, and Malaysia outperformed. Hong Kong and China both opened lower but did a mid-day 180 as reports ca...
China cuts quarantine for overseas travelers, easing Covid controls
For more than two years, overseas travelers have had to quarantine upon arrival in China because of Covid restrictions. Pictured here at Beijing International Airport on June 18, 2022, are passengers ...
Huobi Global Could Cut Over 30% Workforce as China Crackdown Leads to Fall in Revenue
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Tencent Leads China Tech Losses as Major Backer Plans to Cut Its Stake
(Bloomberg) — Chinese technology stocks fell as a plan by Tencent Holdings Ltd.’s major backer to further cut its stake in the company fueled concerns more investors may look to take profits fol...
China to Ban Over One Million ‘Fake’ Foreign A-Share Investors
(Bloomberg) — China will ban more than one million mainland investors from trading onshore shares via the stock connect programs with Hong Kong, as authorities act on a new regulation to crack d...
Billionaire Hui Ka Yan’s Evergrande Faces First Winding-Up Lawsuit In Restructuring Process
Hui Ka Yan, chairman of China Evergrande Group.(Photo by Paul Yeung/Bloomberg) © 2019 Bloomberg Finance LP Billionaire Hui Ka Yan’s embattled China Evergrande Group has been hit with its first known w...
Micron’s Weak Outlook Crushes Chip Stocks. There’s More Trouble Coming for Tech.
Text size Dreamstime Almost every analyst on Wall Street knew that the memory chip company Micron Technology was likely to provide quarterly guidance below previous Street estimates. And that’s exactl...