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Featured

Alibaba Leads China Tech Gains as Regulatory Woes Ease Further

(Bloomberg) -- Chinese tech stocks jumped as the sector’s outlook improved further following regulator comments that a years-long crackdown is ending.Most Read from BloombergAlibaba Group Holding Ltd. rallied as much as 8.3% to lead gains on the Hang Seng Tech Index, which rose more than 3% early Monday. The broader market also advanced, with the Hang Sang China Enterprises Index rising as much as 2.5%.China’s equities have had a strong […]

todayJanuary 8, 2023

News

Slumping revenue, Tesla woes and a ‘resignation’: Musk’s wild reign at Twitter so far | Elon Musk

When Elon Musk walked into Twitter’s offices on 26 October carrying a sink, one day before he bought the platform for $44bn (£38bn), it was the first sign that the tale of his ownership would not be a conventional one. “Let that sink in!” he tweeted. For everyone swept up in what followed – from thousands of Twitter employees to advertisers and critical journalists – it certainly has now.Musk’s reign […]

todayJanuary 1, 2023

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Stock Market Losses Deepen In Late Trading; China Troubles, Apple Production Woes Weigh

The stock market losses deepened Monday afternoon after protests dragged down Chinese stocks and investors pondered the next round of interest rate hikes. Oil and real estate stocks took the brunt of the declines. Apple (AAPL) stock lost ground after a report that iPhone production could fall short of estimates. X The Nasdaq composite and S&P 500 fell 1.5% around 2:45 p.m. ET. The Dow Jones Industrial Average declined 1.3%. […]

todayNovember 28, 2022

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Macy’s is bucking the trend of retail’s woes: Morning Brief

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. SubscribeMonday, November 28, 2022Today's newsletter is by Brian Sozzi, editor-at-large and anchor at Yahoo Finance. Follow Sozzi on Twitter @BrianSozzi and on LinkedIn. Read this and more market news on the go with Yahoo Finance App.So I'm watching the Macy's (M) Thanksgiving Day Parade and […]

todayNovember 28, 2022

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News

Foxconn’s woes to take bigger toll on giant China iPhone plant as more workers leave – source

Foxconn Zhengzhou plant's Nov shipments to fall further - sourceWorker unhappiness at plant escalated into protests this weekOver 20,000 workers, mostly new recruits, have left - sourceTAIPEI, Nov 25 (Reuters) - Foxconn's (2317.TW) flagship iPhone plant in China is set to see its November shipments further reduced by the latest bout of worker unrest this week, a source with direct knowledge of the matter said on Friday, as thousands of […]

todayNovember 25, 2022

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Featured

Foxconn’s woes to take bigger toll on giant China iPhone plant as more workers leave -source

By Yimou LeeTAIPEI (Reuters) - Foxconn's flagship iPhone plant in China is set to see its November shipments further reduced by the latest bout of worker unrest this week, a source with direct knowledge of the matter said on Friday, as thousands of employees left the site.The company could now see more than 30% of the site's November production affected, up from an internal estimate of up to 30% when […]

todayNovember 25, 2022 1

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News

Market Rally Holds Key Levels, But This Has Been Difficult; Tesla Woes Continue

Dow Jones futures will open Sunday evening, along with S&P 500 futures and Nasdaq futures. X The stock market rally generally lost ground this past week, but the major indexes found support at key levels. However, many promising stocks pulled back shortly after crossing buy points. Investors should follow some rules for the current trading environment, from keeping exposure light to taking partial profits. Vertex Pharmaceuticals (VRTX), Charles Schwab (SCHW), Excelerate […]

todayNovember 19, 2022 1

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Business

China’s GDP growth below target as property and zero-Covid woes mount

China’s gross domestic product grew well below target in the third quarter, intensifying falls in Chinese stocks as investors worried about the longer-term outlook for the world’s second-largest economy.GDP expanded 3.9 per cent year on year, better than the forecast of 3.3 per cent from analysts polled by Bloomberg but still short of China’s full-year target of 5.5 per cent, which is already its lowest in three decades.The release of […]

todayOctober 24, 2022

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Business

Oil prices stable as economic fears offset supply woes

LONDON, Oct 18 (Reuters) - Oil prices were stable on Tuesday as the market balanced cuts to OPEC+ production quotas against fears of economic slowdown and lower Chinese fuel demand.Brent crude futures eased by 7 cents, or 0.08%, to $91.55 a barrel by 1127 GMT while U.S. West Texas Intermediate (WTI) crude futures were down 12 cents, or 0.14%, at $85.34.WTI had risen earlier by more than $1 a barrel […]

todayOctober 18, 2022

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