State-owned companies based in Beijing would invest in Didi to gain control under the early-stage proposal pending government approval, Bloomberg News reported.
Schlagwort-Archiv: Markets
China’s stock trading volume surges above 1 trillion yuan for weeks as other investment options dry up
Beijing’s clampdown on real estate speculation, cryptocurrency trading and monopolistic practices is sending investors into the mainland stock market.
Stocks making the biggest moves premarket: Didi, Netflix, MongoDB, PagerDuty and more
These are the stocks posting the largest moves before the bell.
The latest target of China’s tech regulation blitz: algorithms
Chinese authorities‘ plans to regulate algorithms likely runs counter to business interests and sets a precedent for other countries, analysts said.
Chinese stocks are too risky right now – buy its bonds instead, J.P. Morgan’s Joyce Chang suggests
J.P. Morgan’s Joyce Chang is cautious on Chinese stocks due to its regulation crackdown on popular market groups and industries.
Stocks making the biggest moves premarket: Hormel, Lands‘ End, Hill-Rom, Signet and others
These are the stocks posting the largest moves before the bell.
S&P 500 rises to a record after better-than-expected jobless claims, Dow climbs 100 points
The S&P 500 hit a record high after weekly jobless claims came in slightly better than expected.
IRS chief tells Elizabeth Warren: More transparent bank data can fight tax evasion
IRS chief Charles Rettig told Sen. Elizabeth Warren that relying on banks to report on their customers‘ accounts could help cut the tax gap.
Stocks making the biggest moves after hours: Chewy, Five Below, ChargePoint and more
These are the stocks posting the largest moves in midday trading.
American Eagle shares drop after revenue falls short, e-commerce sales slow from last year
American Eagle on Thursday posted mixed fiscal second-quarter results.