Chinese tech stocks rise as JD.com fuels earnings optimism
(Bloomberg) — Chinese technology stocks rose as robust earnings from major e-commerce companies helped ease concerns about weak consumption. Most read by Bloomberg The Hang Seng Tech Index (HSTECH.HK) rose as much as 2.2 percent, poised for its best day…
Quants are about to trigger a wave of cash on the stock market
(Bloomberg) — The biggest decline in U.S. stocks since the Covid-19 pandemic is over, and now trend-following quant funds are ready to return to the stock market. Most read by Bloomberg Last month, so-called systematic funds – which buy stocks…
Japan helps Asian stocks to best week in a year: Markets Wrap
(Bloomberg) — Asian stocks rallied as traders returned to riskier assets amid growing expectations that the U.S. economy will avoid a recession, with the yen set for its worst week since May. Most read by Bloomberg In Asia, nearly all…
Alibaba’s long-awaited connection to the Chinese stock market could bring a timely boost
(Bloomberg) — Chinese investors finally being able to buy shares of Alibaba Group Holding Ltd. could give the e-commerce company’s stock price a much-needed boost and bring in as much as $20 billion in inflows next year. Most read by…
Hong Kong expected to add healthcare and technology stocks to benchmark index
(Bloomberg) — Hong Kong’s Hang Seng Index may add more healthcare, technology and logistics stocks in an upcoming quarterly review after only one company was added to the index in May. Most read by Bloomberg Chinese pharmaceutical company Innovent Biologics…
Stocks rise as data shows US economy holding up: Markets Wrap
(Bloomberg) — Stocks rose and bond prices tumbled as data on retail sales and the jobs market underscored the strength of the world’s largest economy and eased fears that the Federal Reserve might risk a deeper economic slowdown. Most read…
Alibaba’s long-awaited connection to the Chinese stock market could bring a timely boost
(Bloomberg) — Chinese investors finally being able to buy shares of Alibaba Group Holding Ltd. could give the e-commerce company’s stock price a much-needed boost and bring in as much as $20 billion in inflows next year. Most read by…
Temasek invested billions in US technology stocks before the July sell-off
By Jun Luo (Bloomberg) — Singapore state-owned investor Temasek Holdings Pte. spent billions of dollars buying shares of American technology giants in the second quarter, just before the sector collapsed in July. Temasek added $3.3 billion to the value of…
Starbucks CEO allowed to work 1,000 miles away from headquarters
(Bloomberg) — Starbucks Corp. (SBUX)’s newly appointed CEO Brian Niccol will not have to move to the company’s Seattle headquarters when he joins the company next month. Most read by Bloomberg The new CEO has agreed to commute to the…
Breakthrough in brain technology restores ALS patient’s ability to speak
(Bloomberg) — Last August, Casey Harrell spoke the first clear words his five-year-old daughter could remember: a reiteration of his wedding vows to her mother, Levana Saxon. The adults in the room wept. Most read by Bloomberg This moment has…
