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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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BUSINESS

Wynn Resorts, TuSimple, Newell Brands, First Solar and more

This photograph taken on October 20, 2022 shows the signage of Wynn Casino resort with the Grand Lisboa and Casino Lisboa in the backdrop in Macau. Eduardo Leal | AFP | Getty Images Check out the companies making headlines in midday trading. Wynn Resorts — Shares of the casino operator jumped 10% after a filing […]

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BUSINESS

Foreign investment funds bet on a U.S.-proof China chip industry

Pictured here is a chip manufacturing plant in Suqian city, East China’s Jiangsu Province, April 1, 2022. Future Publishing | Future Publishing | Getty Images BEIJING — China is so far behind the U.S. in semiconductor technology that some investors are betting on startups to fill that gap. The U.S. this month imposed new restrictions […]

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