Pour one out for the beleaguered economists, who for once got an important indicator, the consumer price index, right on the nose, after CPI fell 0.1% in December, while core Read more
Tag: BABA
Dow down by more than 450 points as Fed officials point to more rate hikes, China protests rattle markets
U.S. stocks tumbled on Monday as protests in China raised the risks to global growth and Federal Reserve policy makers said more interest-rate increases are needed to control inflation. How Read more
Alibaba stock heads higher after earnings as profit tops expectations
Shares of Alibaba Group Holding Ltd. BABA, -1.44% inched about 1% higher in premarket action Thursday after the company topped adjusted earnings expectations for the latest quarter and said it Read more
Private companies to face revaluation cuts next year, executive at big tech investor warns
Tech investor and asset manager Baillie Gifford has warned of a tough 2023 for private companies as the market has not felt the “gravitational force” of higher interest rates yet. Read more
U.S. stocks poised to break four-day losing streak, as jobs data looms
U.S. stock futures were pointing higher on Friday, indicating Wall Street could break a four-day losing streak, though investors had one major hurdle to get through first — the nonfarm Read more
U.S. stocks poised to break four-day losing streak, as jobs data looms
U.S. stock futures were pointing higher on Friday, indicating Wall Street could break a four-day losing streak, though investors had one major hurdle to get through first — the nonfarm Read more
Alibaba and Nio among Chinese stocks surging as hopes build about potential reopening
U.S.-listed shares of Chinese companies were enjoying a sharp rally in premarket trading Tuesday as hopes built about a potential relaxation of the company’s severe measures meant to help curb Read more
Political uncertainty has been removed after China’s Party Congress, but investors are still gloomy
Financial-market investors were craving for clues on clearer economic policy guidance from the China’s Communist Party Congress, but when the ruling party wrapped up its twice-a-decade political gathering on Saturday Read more
It looks like China’s Xi ‘installed a war cabinet’ and removed the reformers, says Kyle Bass
“‘It looks like he installed a war cabinet and removed the reform and opening people,’” — Kyle Bass, Hayman Capital founder and chief investment officer. That’s Kyle Bass, founder and Read more
Why investors are fleeing Chinese assets as Xi tightens grip on power
China’s top leader, Xi Jinping, secured a groundbreaking third leadership term on Sunday and introduced a new Politburo Standing Committee stacked with loyalists in a clean sweep not seen since Read more