Newsfeeds Archive - Page 88 of 97

2 minute read

Alibaba Rival Gets ‘Buy’ Rating From Analyst: As Giants Slowed Down, This Company ‘Surprised’ With Fast Revenue Growth

August 30, 7:51 AM

US Tiger Securities analyst Bo Pei has upgraded the rating on China’s largest agricultural products platform Pinduoduo Inc (NASDAQ: PDD) from “hold” to “buy,” after having raised the price target to $80 from $

BABA

1 minute read

Cathie Wood Loads Up $3M In This Precision Medicine Firm’s Shares Despite Bleak Q2 Results

By Bhavik Nair

August 30, 6:12 AM

Cathie Wood-led Ark Investment Management loaded up on 153,917 shares of precision medicine company CareDx Inc (NASDAQ: CDNA), via the ARK Genomic Revolution ETF (NYSE: ARKG<

ARKG

2 minute read

Alibaba, XPeng Slip As Hang Seng Breaches Key Support Level: American Firms’ China Optimism Hits Record Low

By Bhavik Nair

August 29, 10:23 PM

The Hang Seng Index opened 1.5% lower on Tuesday, as investors factored in the possibility of an aggressive rate hike in the U.S. when the Federal Open Market Committee meets in September. Market participants also weighed the results of a survey that showed American firms’ optimism about China hit a record low.

BABA

2 minute read

Warren Buffett-Backed Chinese Automaker’s H1 Profit More Than Triples Despite Inflation Pressures

By Bhavik Nair

August 29, 9:30 PM

China's BYD Co Ltd (OTC: BYDDF) reported first-half gross profit that more than tripled to nearly 3.6 billion yuan ($521 million), driven by rapid growth in sales volume that helped it partially offset inflationary pressure from raw materials.

BRK-A

2 minute read

Alibaba, Nio, XPeng Fall Over 1%: Hang Seng Shows Some Resilience After Wall Street Plunge

By Bhavik Nair

August 28, 10:31 PM

Hong Kong shares showed a bit of resilience at the open on Monday, with the benchmark Hang Seng Index falling just 1%, despite a significant plunge in all major U.S. indices on Friday driven by Federal Reserve Chair Jerome Powell’s comments on the economic outlook.

BABA

1 minute read

Chinese Energy Giant Sinopec’s Interim Profit Surges 10% On Higher Crude Prices: Here’s Its H2 Outlook

By Bhavik Nair

August 28, 8:57 PM

China Petroleum and Chemical Corporation (NYSE: SNP), or Sinopec, registered a 10.4% increase in its H1 net profit at 43.53 billion yuan ($6.3 billion), led by higher global crude and gas prices, despite domestic demand remaining sluggish.

SNP

2 minute read

Singapore Intensifies Scrutiny Of Companies Working With Cryptos Like Bitcoin, Ethereum, Dogecoin

By Bhavik Nair

August 26, 6:49 AM

Singapore is intensifying its scrutiny of cryptocurrency-related companies ahead of planned regulatory changes with the Monetary Authority of Singapore (MAS) sending a detailed questionnaire to some applicants and holders of its digital-payments license,

$DOGE

1 minute read

Cathie Wood Adds Over $1.7M In Teladoc Shares A Day After Report Of Amazon Winding Down Its Telehealth Service

By Bhavik Nair

August 26, 6:00 AM

Cathie Wood-led Ark Investment Management loaded up on 50,263 shares of Teladoc Health Inc (NYSE: TDOC), via the firm’s ARK Genomic Revolution ETF (NYSE: ARKG), valued at over $1.7 mi

ADPT

2 minute read

Jack Dorsey-Led Block’s Afterpay And Australian Bank Westpac Terminate Partnership

By Bhavik Nair

August 26, 5:22 AM

'Buy now, pay later' company Afterpay Ltd — owned by Jack Dorsey's Block Inc (NYSE: SQ) — and Westpac Banking Corporation (OTC:

BTC

2 minute read

Alibaba, JD, Nio Shoot Up Over 2%: Hang Seng Shadows Firmer Wall Street Ahead Of Powell’s Jackson Hole Speech

By Bhavik Nair

August 25, 10:12 PM

Hong Kong stocks opened higher on Friday, tracking an upbeat Wall Street session overnight, as investors braced for U.S. Federal Reserve Chair Jerome Powell’s speech at the Jackson Hole summit due later in the day.

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