These Investors Say Nasdaq’s Bear Market Has Legs
(Bloomberg) -- The drubbing global technology stocks have seen this year may be far from over. That’s the message from many strategists and fund managers, who expect this year’s rout to...
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Zoom’s 85% Selloff Has Analysts Calling for a Rally
(Bloomberg) -- The selloff in Zoom Video Communications (NASDAQ:ZM) Inc.’s stock may have gone too far. That’s the message from Benchmark Co.’s Matthew Harrigan and other analysts, who...
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Tencent Leads China Tech Selloff as Earnings Worries Mount
(Bloomberg) -- Chinese tech stocks tumbled as weak corporate earnings coupled with a dimming global growth outlook intensified selling. The Hang Seng Tech Index was down as much as 4.8%...
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Amazon Deepens Gloom for Battered E-Commerce Stocks
(Bloomberg) -- The historic rout in Amazon's (NASDAQ:AMZN) shares last week highlights how difficult the environment has become for e-commerce stocks after their pandemic-driven boom, with...
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Tencent Share Buyback Speculation Grows After Alibaba, Xiaomi
(Bloomberg) -- Share buybacks are emerging as the hottest trend among Chinese tech giants and industry leader Tencent (HK:0700) Holdings (OTC:TCEHY) Ltd. may be the next to jump on the...
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Apple Tops China for First Time in Six Years After Huawei Fades
(Bloomberg) -- Apple Inc (NASDAQ:AAPL). was China’s top-selling smartphone brand in 2021’s final quarter, industry research showed, taking top spot in the world’s largest mobile market for...
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Xiaomi’s Revenue Below Expectations Amidst Intense Competition
By David Ho Investing.com - China's Xiaomi (OTC:XIACF) Corp (HK:1810) announced an 8.2% rise in third-quarter revenue on Tuesday. The performance reportedly fell below expectations and is...
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Evergrande Pledges to Fix Debt After Rare Rebuke From Regulators
(Bloomberg) -- China Evergrande Group pledged to fix its debt problems following a rare public rebuke from regulators as the developer struggles to stave off a liquidity crisis. Evergrande...
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China Blocks Didi From App Stores Days After Mega U.S. IPO
(Bloomberg) -- China’s cyberspace regulator ordered app stores to remove Didi Chuxing, dealing a major blow to a ride-hailing giant that just days ago pulled off one of the largest U.S....
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ByteDance Founder Steps Down as CEO Ahead of Mega IPO
(Bloomberg) -- ByteDance Ltd. founder Zhang Yiming will cede the reins of TikTok’s owner to an old college roommate and lieutenant, stepping back from running the world’s most valuable...
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U.S. CPI and Bond Sale, Softbank Windfall, Gas Shortages - What's Moving Markets
By Geoffrey Smith Investing.com -- U.S. consumer inflation data for April will test market nerves as the stock sell-off extends for another day. Taiwan's stock market crashes as retail...
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Hong Kong Bourse Bets on New IPO Inflow From Eased Listing Rules
(Bloomberg) -- Hong Kong is counting on a fresh inflow of overseas firms selling shares in the financial hub as it proposes to ease its listing rules. The exchange is seeking to lure more...
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Yellen on Inflation, Astra Pushes Back, and TechnoKing Musk; What's up in Markets
By Geoffrey Smith Investing.com -- Janet Yellen plays down the fear of inflation at the start of a big week for central bank meetings. Big emerging market central banks may not be as...
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Trump Halts Huawei Supply in Final China Blow, Reuters Says
(Bloomberg) -- The U.S. government notified several of Huawei Technologies Co.’s suppliers that it’s revoking their licenses to work with the Chinese company and rejecting other applications...
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Bank Earnings, Stimulus Shrug, Retail Sales - What's up in Markets
By Geoffrey Smith Investing.com -- Earnings season kicks off with JPMorgan (NYSE:JPM), Citigroup (NYSE:C) and Wells Fargo (NYSE:WFC) all due to release their fourth-quarter figures....
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U.S. Blacklists Xiaomi, Oil Giant Cnooc in Late Anti-China Push
(Bloomberg) -- The Trump administration blacklisted Chinese smartphone manufacturer Xiaomi (OTC:XIACF) Corp. for its military links along with the country’s third-biggest oil company over...
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