Newsfeeds Archive - Page 87 of 97

2 minute read

Hong Kong Stocks Open Mixed Ahead Of US Jobs Data: Is The Market Ignoring Chengdu Lockdown?

September 1, 10:23 PM

Hong Kong stocks opened mixed on Friday ahead of the release of the U.S. jobs report that would give more cues on the course and aggression of the U.S. rate hike later this month. The Hang Seng index lost 0.5% in opening trade. Shares of XPeng lose over 3% in the morning session.

BABA

2 minute read

Cathie Wood Sells $41M In Tesla Shares And Loads Up On This Chip Stock Amid Thursday’s Plunge

By Bhavik Nair

September 1, 9:48 PM

Cathie Wood-led Ark Investment Management bought 297,818 shares of Nvidia Corporation (NASDAQ: NVDA), via three of the firm’s exchange-traded funds, valued at over $41.5 million based on Thursday’s closing price.

ARKK

1 minute read

Why This Nio Analyst Has Slashed Its 3Q Delivery Estimate By 12%

By Bhavik Nair

September 1, 8:56 PM

US Tiger Securities analyst Bo Pei has lowered his estimate for Nio Inc's (NYSE: NIO) third-quarter deliveries by 12%, according to a research note.

NIO

2 minute read

How G7 Plans To Lower Energy Prices While Slashing Russia’s Crude Oil Revenues

By Bhavik Nair

September 1, 6:15 AM

The Group of Seven (G7) finance ministers will hold talks this week on permitting global purchases of Russian oil at a capped price, a move the U.S.

BNO

2 minute read

Alibaba’s Lazada Group Gears Up For Europe Foray To Take On Amazon, Zalando

By Bhavik Nair

September 1, 12:51 AM

Alibaba Group Holding Ltd. (NYSE: BABA)-owned Lazada Group is getting ready to enter Europe, after its success in Southeast Asia, to take on rivals such as Amazon.com Inc. (NASDAQ:

AMZN

2 minute read

Alibaba, Nio Slip: Hong Kong Stocks Stumble As China Private Factory Survey Data Shrinks For 1st Time In 3 Months

By Bhavik Nair

August 31, 10:41 PM

Hong Kong stocks fell on Thursday, with the Hang Seng index losing 1.23% in opening trade. China's factory activity shrank for the first time in three months in August.

BABA

1 minute read

Some Tesla Model Ys To Get Delivered Quicker In China: Here’s The New Wait Time

By Bhavik Nair

August 31, 4:23 AM

Tesla Inc (NASDAQ: TSLA) has reduced the wait time for its rear-wheel drive Model Ys in China to one to four months, reported

TSLA

2 minute read

Warren Buffett-Backed Automaker’s Shares Plunge 12% As Berkshire Cuts $47M Stake: Analyst Sees Signs Of ‘Big Correction’

By Bhavik Nair

August 31, 2:14 AM

Shares of BYD Co.

BRK-A

2 minute read

Tech Giant Baidu Falls 7% On Revenue Drop: Chinese PMI Data, Sluggish Wall Street Drag Hong Kong Stocks

By Bhavik Nair

August 30, 10:33 PM

Hong Kong stocks opened in the red on Wednesday following a sluggish session on Wall Street as central bankers in the U.S. and Europe continued to maintain their hawkish tones. Shares of Baidu fell over 7% in opening trade after the company reported second-quarter earnings.

BABA

1 minute read

China’s ICBC, World’s Biggest Bank By Assets, Sees H1 Net Income Jump To Nearly $25B: Here’s Its Outlook

By Bhavik Nair

August 30, 9:01 PM

Industrial and Commercial Bank of China Limited (OTC: IDCBY), the world’s biggest bank by assets, reported a 4.9% rise in its net income at 171.506 billion yuan ($24.8 billion) for the six months ended June compared to the same period last year.

IDCBY