China's Finance Minister Lan Fo'an (center) speaks while Zheng Shanjie, chairman of the National Development and Reform Commission (NDRC), left, and Pan Gongsheng, governor of the People's Bank of China (PBOC), listen during a press conference. on the sidelines of the National People's Congress in Beijing, China, on Wednesday, March …
Take a look at the companies making headlines in midday trading. Tesla: Shares of the electric vehicle maker fell more than 7% after its robotaxi event disappointed investors. Analysts at Morgan Stanley noted that the event “generally disappointed expectations” due to a lack of details in several areas, including how …
Wells Fargo on Friday reported lower third-quarter earnings and revenue than a year ago amid a sharp decline in net interest income. Here's what the bank did compared to Wall Street estimates, based on a survey of analysts by LSEG: Earnings per share: $1.42 per share, not comparable to the …
Warren Buffett walks across the room before Berkshire Hathaway's annual shareholder meeting in Omaha, Nebraska, on May 3, 2024. David A. Grogen | CNBC Warren Buffett's Berkshire Hathaway has reduced its stake in Bank of America to less than 10% amid a selling spree that began in mid-July. in a …
Take a look at the companies making headlines in midday trading: First Solar: Solar energy stock fell 9.3% after Jefferies lowered its price target on the stock and said it expects the company's report First Solar's third quarter is disappointing. Jefferies maintained its Buy rating on the stock but said …
Hedge funds that recently flocked to Chinese stocks in hopes of stimulus have just done a 180-degree turn. Professional traders on Tuesday recorded the largest single-day net selling of Chinese securities, both at home and abroad, according to data from Goldman Sachs' prime brokerage. Net sales were 1.4 times the …
Take a look at the companies making headlines in midday trading. Astera Labs: Shares gained more than 16% after the company, which sells connectivity chips for data centers, unveiled new fabric switches for artificial intelligence. Norwegian Cruise Line: Shares rose 10% following an upgrade by Citi to buy from neutral. …
Passengers line up to check in at Chengdu Tianfu International Airport on Oct. 6, 2024, as China's week-long National Day holiday comes to an end. China News Service | China News Service | fake images BEIJING – China's Golden Week holiday affirmed a trend toward more cautious spending, as consumers …
Chinese technology company Baidu announced Monday that it can sell some robotaxi rides without human personnel in the vehicles. Baidu BEIJING – Chinese technology company BaiduChina's robotaxi unit Apollo Go is in talks with several companies to expand into overseas markets in the “near future”, according to a source familiar …
Take a look at the companies making headlines in midday trading. China Stocks: Shares of U.S.-listed Chinese companies fell after Beijing's economic planning agency failed to announce any major new stimulus plans. Online video company Bilibili fell 13%, while automaker Nio and Temu parent PDD fell between 8% and 5%. …