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Tag: China

  • Beijing seems to be easing its controls on giants like Alibaba

    Alibaba’s sweeping reorganization is seen as a sign that the Chinese government could relax its intense scrutiny of the domestic technology sector. Alibaba founder Jack Ma returned to public engagements, in another welcome sign for investors. China is targeting 5% growth this year, after two years of its economy battered by Beijing’s strict Covid policies […]

  • Cramer’s things to watch on the stock market Wednesday: stocks, retailers, AI

    My top 10 things to watch Wednesday, March 29, 1. The Dow and the S&P 500 are poised to open higher, one day after the indexes broke their three-session winning streak. The Nasdaq, on a two-day losing streak, is also poised to rise. Wall Street’s First Quarter Ends Friday: The Dow Looking for Losses; but […]

  • Alibaba founder Jack Ma returns to China after months abroad

    Alibaba founder Jack Ma has been seen in public in China for the first time in months. The return of the billionaire could indicate that Beijing is softening its stance on the tech sector after an 18-month repression. Cost photo | Future publication | Getty Images Ali Baba founder Jack Ma has been spotted in […]

  • China is a ‘relative safe haven’ in the face of banking stress

    Citi economists said: “We have long debated our view that China could be an important growth hedge this year – recent global banking tensions may have reinforced this proposition.” The People’s Bank of China’s decision to cut the required reserve ratio showed “reassurance of policy support amid global volatility,” Citi economists wrote. Aerial view of […]

  • Cramer’s top 10 things on the stock market Wednesday: Fed, banking crisis, GameStop

    My top 10 things to watch Wednesday March 22nd 1. The Fed meeting: does it really matter? Despite the banking crisis, the market has almost a 90% chance of a new interest rate hike of a quarter point on Wednesday afternoon. Investors are looking for forward-looking comment in the policy statement and in the press […]

  • Nike (NKE) Q3 Earnings 2023

    Nike beat Wall Street expectations for its fiscal third quarter earnings and revenue. The retailer is battling overstocking and weak sales in China as the region recovers from the Covid pandemic. Investors have been watching to see if Nike’s gross margins are improving from its direct-to-consumer channels. People in protective face masks walk past the […]

  • Wall Street stocks bribe for the rise of electric vehicles

    The global automotive industry is in transition as consumers increasingly eschew combustion engine vehicles for electric vehicles. It means EVs are capturing a larger share of the global car market, according to French investment bank Societe Generale, with a third of cars sold in China now being electric. The “sharp acceleration” of electric vehicle adoption […]

  • Shares in Hong Kong, Australia plummet as Asia continues sell-off on Wall Street; Bank of Japan holds rates

    An hour ago Bank of Japan will leave policy unchanged as expected The Bank of Japan left its monetary policy unchanged, broadly in line with expectations. The central bank kept its negative rate at -0.1% and reiterated its target to keep the yield on the 10-year Japanese government bond around 0%. “The Japanese economy, despite […]

  • Asia Pacific markets, Fed, rate hikes, RBA

    CNBC Pro: Strategists say it’s a stock voter market right now – and name their top picks Stocks have generally recovered this year from their 2022 lows, but veteran investor Nancy Tengler believes “there are still plenty of places” to find high-quality stocks with rising dividends and reliable earnings growth. She says investors should be […]

  • Asia Pacific markets, Fed, rate hikes, RBA

    14 minutes ago CNBC Pro: Strategists say it’s a stock voter market right now – and name their top picks Stocks have generally recovered this year from their 2022 lows, but veteran investor Nancy Tengler believes “there are still plenty of places” to find high-quality stocks with rising dividends and reliable earnings growth. She says […]