Market Insider

Xi arrives in Hong Kong on first trip outside the mainland since the epidemic

Chinese President Xi Jinping is pictured here speaking during the unveiling of the Standing Committee of the new Politburo of the Communist Party on October 25, 2017 in Beijing, China. Lintao Zhang | Getty Images News | Getty Images BEIJING (Reuters) – Chinese President Xi Jinping arrived in the Hong Kong Special Administrative Region on …

Xi arrives in Hong Kong on first trip outside the mainland since the epidemic Read More »

The Fed will raise interest rates next week but Powell may be the most important

Federal Reserve Chairman Jerome Powell speaks at a press conference following the May 4, 2022 Federal Open Market Committee meeting in Washington, DC. Powell announced that the Federal Reserve will raise interest rates by half a percentage point to combat record high inflation. Wayne McNamee | Getty Images Next week may come to what Federal …

The Fed will raise interest rates next week but Powell may be the most important Read More »

Expect consumer price inflation in May to be very hot with rising gas, food and rent prices

Shoppers wear masks while shopping at a Walmart store, in North Brunswick, New Jersey, July 20, 2020. Eduardo Munoz | Reuters Economists expect inflation in May continued to burn, with costs for energy, food, rent and health care rising. According to Dow Jones, economists expect the consumer price index to rise 0.7% from 0.3% in …

Expect consumer price inflation in May to be very hot with rising gas, food and rent prices Read More »

Spirit Airlines, Didi Global and more

Take a look at some of the biggest drivers of Primarkt: Spirit Airlines (SAVE) — Spirit jumped 6.1% in the primary market after JetBlue (JBLU) improved its bid for Spirit. JetBlue will increase the breakup fee for the deal to $350 million and pay a portion of that as dividend if the deal goes through, …

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Turning Point Therapies, Lululemon, RH and others

Check out the companies making headlines before the bell: Turning Point Therapeutics (TPTX) — Shares of the biopharmaceutical company doubled in pre-market trading after approval of its acquisition by Bristol Myers Squibb (BMY) for $76 per share in cash, or $4.1 billion. Turning Point specializes in treating cancer. Lululemon (LULU) — Shares of Lululemon rose …

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The first step for self-driving car companies to make money is not the autopilot

A WeRide robotic taxi with sanitary supplies drives to Liyuan District on June 4, 2021 in the southern Chinese city of Guangzhou. Southern Metropolis Daily | China Optical Group | Getty Images BEIJING – While governments may be wary of self-driving cars, people want to buy technology, and companies want to make money. It is …

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Capri Holdings, Salesforce, Weibo, etc.

Check out the companies making headlines before the bell: Capri Holdings (CPRI) — The parent company of luxury brands such as Michael Kors, Versace and Jimmy Choo saw its stock rise 11% in the primary market after posting better-than-expected quarterly numbers before nearly all of those gains were returned. Capri earned an adjusted $1.02 per …

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WM Motor’s files for Chinese electric car startup will be rolled out to the public in Hong Kong

Chinese electric car company WM Motor, or Weltmeister, filed for an initial public offering in Hong Kong on Wednesday. Pictured here is one of the company’s cars in a shopping mall in Shanghai. Future Publishing | Future Publishing | Getty Images BEIJING – WM Motor Corporation filed a Chinese electric car startup on Wednesday for …

WM Motor’s files for Chinese electric car startup will be rolled out to the public in Hong Kong Read More »

Yamana Gold, Credit Suisse, Unilever, and more

Check out the companies making headlines before the bell: Yamana Gold (AUY) – The Canadian gold producer has agreed to acquire Gold Fields (GFI) in an all-share deal worth $6.7 billion. Yamana Gold shareholders will receive 0.6 Gold Field share for each share they now own. Yamana stock jumped 14.9% in the pre-market while Gold …

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China faces a financing gap of nearly a trillion dollars. You will need more debt to pay it off.

During the first four months of the year, investment in real estate development was down 2.7% from a year ago. Pictured here is a project in Qingzhou, Shandong Province on May 15, 2022. CFOTO | Future Publishing | Getty Images BEIJING – The Chinese government is facing a growing cash shortage, analysts said, as they …

China faces a financing gap of nearly a trillion dollars. You will need more debt to pay it off. Read More »

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