Market Insider

BUSINESS

Apple, Taboola, Biogen and more

Take a look at some of the biggest movers in the premarket: Apple (AAPL) – Apple could reportedly see a production shortfall of close to 6 million iPhone Pro models due to Covid-related unrest at contract manufacturer Foxconn’s China factory. A person familiar with assembly operations told Bloomberg that Apple and Foxconn do expect to […]

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BUSINESS

Apple, Manchester United, Activision Blizzard and more

Microsoft logo is seen on a smartphone placed on displayed Activision Blizzard logo in this illustration taken January 18, 2022. Dado Ruvic | Reuters Check out the companies making headlines in midday trading Friday. Apple — Apple’s stock shed 2% on Friday after protests occurred at the iPhone maker’s major Foxconn supplier in China earlier […]

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WORLD

Ray Dalio shares his outlook on Covid, real estate, politics in China

Ray Dalio, founder of Bridgewater Associates, received an award from the China General Chamber of Commerce-USA in February 2022. China News Service | China News Service | Getty Images BEIJING — American billionaire Ray Dalio said while he’s far less familiar with China’s new leadership team than prior officials, he expects worries about their future […]

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BUSINESS

China eases Covid measures, trims quarantine time by two days

BEIJING — China reduced the quarantine time for international travelers by two days, state media said Friday. Instead of making travelers stay at a centralized quarantine facility for seven days upon arrival in the country, the new rules stipulate a five day quarantine, according to state media. That’s followed by three days of home observation, […]

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BUSINESS

One of China’s inflation gauges drops for the first time since 2020

China’s producer price index fell year-on-year in October 2022 for the first time since December 2020. Pictured here is a furnace at a steel plant in August 2022 in Jiangxi province. Zhang Yu | Visual China Group | Getty Images BEIJING — China’s producer price index fell in October for the first time since December […]

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BUSINESS

Take-Two Interactive, Lyft, TripAdvisor and more

Take a look at some of the biggest movers in the premarket: Take-Two Interactive (TTWO) – Take-Two tanked 17.4% in the premarket after the videogame publisher cut its bookings outlook for the year. Take-Two has been impacted by weaker mobile and in-game sales, although CEO Strauss Zelnick said the situation should improve within the next […]

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BUSINESS

China’s exports shrink in October, badly missing expectations for growth

A cargo ship carrying containers is seen near the Yantian port in Shenzhen, following the novel coronavirus disease (COVID-19) outbreak, Guangdong province, China May 17, 2020. Martin Pollard | Reuters BEIJING — China’s exports fell by 0.3% in October from a year ago, missing Reuters expectations for a 4.3% increase. The decline in U.S.-dollar terms […]

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BUSINESS

CVS, Estee lauder, Canada Goose and others

Check out the companies making headlines before the bell: CVS (CVS) – CVS gained 1.9% in the premarket after reporting better-than-expected revenue and profit for its latest quarter. The company also raised its adjusted full-year guidance. The outlook excludes charges related to a just-announced $5 billion settlement of opioid litigation. Estee Lauder (EL) – The […]

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BUSINESS

Xpeng electric car deliveries drop in October to half of Nio’s

Xpeng said deliveries of its newly launched G9 SUV surged in October from September, despite a drop in the brand’s overall monthly deliveries. China News Service | China News Service | Getty Images BEIJING — Chinese electric car startup Xpeng delivered about half the number of cars that rivals Nio and Li Auto did in […]

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BUSINESS

Abiomed, Uber, SoFi, Pfizer and more

Take a look at some of the biggest movers in the premarket: Abiomed (ABMD) – Abiomed stock soared 51.6% in premarket trading after agreeing to be acquired by Johnson & Johnson (JNJ) in a nearly $16.6 billion deal. J&J will pay $380 per share for the maker of heart, lung and kidney treatments, and will […]

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