Chinese Tech Stocks
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Shopify Stock on Track for Record Drop as Revenue Outlook Weakens
While its first-quarter results were largely better than expected, the online-shopping platform must now navigate an environment of shaky consumer spending.The Wall Street Journal - World -
Monster Beverage launches $3 billion stock buyback
Beverage company’s chief executive may sell up to about $33 million of stock to provide “flexibility.”MarketWatch - Business -
Elephant Mario Plush Is Back In Stock At Amazon
Super Mario Bros. Wonder was among the biggest releases of 2023, so it should come as no surprise that the iconic Elephant Mario power-up has received the Little Buddy plush treatment. This plush has sold out quickly each time it's been available ...GameSpot - Tech -
Why Lyft's Stock Is Pulling Ahead of Uber's
Low expectations can also be a blessing.The Wall Street Journal - World -
Biden Looks to Thwart Surge of Chinese Imports
The president has proposed new barriers to Chinese electric vehicles, steel and other goods that could undermine his manufacturing agenda.The New York Times - Business - Joe Biden -
U.S. Eyes Curbing Chinese Access to AI Software
The Commerce Department may restrict the export of closed-source andproprietary AI models, complementing an earlier block on sophisticated AI chip exports.Inc. - Business -
New York Times stock gains as adjusted profit rises by 41%
Digital subscriptions rise by 210,000 in a ’strong start’ for the year.MarketWatch - Business - New York -
Shopify’s stock slides 19% after company swings to quarterly loss
Shopify is expecting its gross margin to shrink by 50 basis points in the second quarter.MarketWatch - Business -
Why You Shouldn't Sell Your Stocks Before the Presidential Election
Strategists are cautioning investors against dumping positions ahead of a summer rally.Inc. - Business -
Reddit Records Bigger-Than-Expected Jump in Users
Daily active users for the social-media company rose 37% to 82.7 million. The company posted higher revenue and a wider loss for the first quarter, hit by IPO-related costs.The Wall Street Journal - World -
Reddit Stock Surges After Active Users Jump More Than Expected
Reddit posted higher revenue and a wider loss for the first quarter, as IPO-related costs weighed heavily on the social-media company.The Wall Street Journal - World -
Dow Edges Higher, Nasdaq Slips; Uber, Lyft Shares Diverge
U.S. stocks were mixed as first-quarter earnings season nears its end.The Wall Street Journal - World -
Teva Pharmaceutical’s stock climbs as schizophrenia treatment shows promise
Teva Pharmaceutical Industries stock jumped more than 6% early Wednesday after the company reported first-quarter sales that topped estimates and released positive late-stage trial data on a schizophrenia treatment.MarketWatch - Business -
Tripadvisor’s stock could see record plunge as potential buyout plans dropped
Tripadvisor’s stock took a dive premarket Wednesday, after the online travel-booking company said it decided pursuing a potential sale would not be in the best interest of the company or its shareholders.MarketWatch - Business -
Why Uber’s stock is having a bumpy ride after earnings
Uber Technologies Inc. posted mixed earnings on Wednesday, beating estimates on an adjusted profit metric while giving an outlook for bookings that was below expectations.MarketWatch - Business -
Jim Cramer's top 10 things to watch in the stock market Wednesday
Wall Street's winning streak may come to an end Wednesday.CNBC - Business -
Intel’s stock drops after Biden administration bans some sales to China’s Huawei
Intel’s stock took a hit Wednesday after the semiconductor giant disclosed that a U.S. government ruling will stop the export of some of the company’s products to a customer in China.MarketWatch - Business - Joe Biden -
Snap takes advantage of recent stock surge to sell convertible debt
Snap’s stock pulled back Wednesday after the parent of the video-messaging app Snapchat planned to take advantage of the recent runup in its stock price to sell convertible debt.MarketWatch - Business -
Shopify Stock on Track for Record Drop as Revenue Outlook Weakens
While its first-quarter results were largely better than expected, the online-shopping platform must now navigate an environment of shaky consumer spending.The Wall Street Journal - Business -
Stock-market crash fears are fading, according to options traders
As U.S. stocks have rebound from last month’s selloff, options traders aren’t buying as many contracts that would pay off if the market were to crash.MarketWatch - Business -
Arm crushes earnings expectations, but stock falls as forecast lacks wow factor
After a sharp run for Arm shares recently, they looked set to give back some of their gains after Wednesday afternoon’s earnings report.MarketWatch - Business -
AppLovin’s stock gains as earnings highlight improvements in app ad market
Investors were liking the latest numbers from AppLovin on Wednesday, as its stock headed higher in the extended session.MarketWatch - Business -
Robinhood Stock Jumps After Reporting Record Revenue, Profit
The online brokerage’s revenue and earnings topped Wall Street expectations. Shares were up about 5% after hours.The Wall Street Journal - World -
Indian Americans, who now outnumber Chinese Americans, are awakening to their political power
Indian Americans surpassed Chinese in U.S. population, and experts say Trump and Biden need to set their focus on them. From Israel and Gaza to gun control, they're more sure than ever of what they want.NBC News - Top stories -
VW warns Brussels against raising tariffs on Chinese electric cars
Move risks ‘retaliation’ against international brands in the country, German carmaker’s brand chief tells FT car summitFinancial Times - Business -
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Nicaragua cancels a controversial Chinese interoceanic canal concession after nearly a decade
After nearly a decade, Nicaragua’s congress has finally canceled a controversial canal concession granted to a Chinese businessman that critics said endangered the environment and threatened to displace rural communitiesABC News - World -
China's Xi arrives in Hungary for talks on expanding Chinese investments
Chinese President Xi Jinping has arrived in Hungary, the final stop on his five-day European tourABC News - World - China -
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The real winner of the Drake-Kendrick Lamar feud is this Chinese restaurant
The rap beef between Drake and Kendrick Lamar is leading to more sales of, well, beef.MarketWatch - Business -
Tech Tip: How to Spot a Deepfake Image
All kinds of fabricated images populate the internet as AI spurs creativity and disinformation. Here's how to detect sophisticated digital manipulations.Inc. - Business -
SXSW entertainment and tech festival to expand to London in 2025
Popular entertainment and tech festival South By Southwest will expand to London in June 2025, growing the influential brand's reach internationally.Los Angeles Times - Entertainment -
Stocks and bonds haven’t been this in sync in decades: why both still deserve space in your portfolio
The notion that stocks should rise while bond prices fall, and vice versa, is an enduring piece of investing conventional wisdom. But history shows the relationship between the two asset classes is more complicated.MarketWatch - Business -
Stock-market bulls shouldn’t fear a long Fed pause before interest-rate cuts
History shows the S&P 500 tends to do well when the Federal Reserve leaves rates on hold.MarketWatch - Business - Federal Reserve -
Robinhood’s stock rallies 7% as company swings to profit, drums up more business
Robinhood says it snapped up business from brokerage rivals and made inroads among gold investors.MarketWatch - Business -
Overwolf acquires NitroPay in 8-figure deal to boost ad tech offering
Gaming UGC and monetization platform Overwolf has acquired NitroPay to boost its ad tech offering and double its monthly ad traffic.VentureBeat - Tech -
To Survive in China, Global Automakers Tap Local Tech Giants
A host of global automakers are increasingly turning to Chinese tech giants in a bid to claw back market share in one of the world’s largest—and fastest-changing—auto markets.The Wall Street Journal - Business - China