The country’s latest efforts to stem a bond market rally shows that authorities are worried about financial stability, analysts said.
Schlagwort-Archiv: Markets
Alibaba shares dip 4% in premarket after earnings miss expectations despite cloud acceleration
Alibaba continues to face headwinds in its core e-commerce business amid rising competition and a cautious Chinese consumer.
Walmart beats estimates, raises outlook as it sees stable consumer health
Walmart beat quarterly earnings and revenue estimates and hiked its full-year guidance.
DraftKings reverses plans for a tax on customers as FanDuel parent Flutter wows Wall Street
Earlier this month, DraftKings said it would introduce a surcharge on users in states where taxes on sports betting are highest. FanDuel wouldn’t follow suit.
UBS CEO says it’s too early to talk about a U.S. recession, but a slowdown is possible
UBS CEO Sergio Ermotti said market volatility could intensify in the second half of the year, but he does not believe the U.S. is heading into a recession.
UBS CEO says it’s too early to talk about a U.S. recession, but a slowdown is possible
UBS CEO Sergio Ermotti said market volatility could intensify in the second half of the year, but he does not believe the U.S. is heading into a recession.
Chinese tech giant Tencent’s quarterly profit jumps 82% as key gaming unit accelerates
Tencent shares are up 27% this year, in part due to excitement around a new game called Dungeon & Fighter Mobile (DnF Mobile).
World’s largest sovereign wealth fund posts $138 billion in first-half profit as AI demand boosts tech
Norway’s massive sovereign wealth fund on Wednesday posted first-half profit of 1.48 trillion kroner ($138 billion).
UBS smashes second quarter profit expectations as Credit Suisse consolidation boosts revenue
Analysts expected revenue of $11.5 billion, according to an LSEG poll.
Chinese EV maker Zeekr says its new battery can charge faster than that of a Tesla
Chinese electric car brand Zeekr announced new batteries on Tuesday, which the company says offer the fastest charge in the world.