European markets open to close, data, earnings, Davos

LONDON — European stocks are expected to open lower Tuesday as U.S. markets struggle to maintain a comeback rally. The U.K.’s FTSE index is seen opening 35 points lower at 7,468, Germany’s DAX 47 points lower at 14,099, France’s CAC 40 down 28 points at 6,310 and Italy’s FTSE MIB 168 points lower at 23,945, according … Read more

Goldman Sachs expects more China real estate defaults, switches to bear case

Real estate and related industries account for more than a quarter of China’s economy, according to Moody’s estimates. CFOTO | Future Publishing | Getty Images BEIJING — Chinese real estate defaults have increased so much that Goldman Sachs analysts have shifted to their worst-case scenario for the riskiest part of the market. Twenty-two China high-yield … Read more

JPMorgan sees a rebound ahead

As Covid-19 cases decline in major Chinese cities and consumption in the country is expected to rebound in the weeks ahead, JPMorgan names four e-commerce stocks set to benefit as growth returns to a more normalized level. “We believe we will see a rebound in consumption in late 2Q22 or 3Q22, when the total ecommerce … Read more

U.S.-China tariffs, oil and currencies

SINGAPORE — Markets in Asia-Pacific were subdued in early trade on Tuesday, as investors weighed a possible thawing of U.S.-China trade relations as U.S. President Joe Biden floated the idea of tariff cuts on Chinese goods. In Japan, the Nikkei 225 was down 0.4% in early trading, while the Topix was lower by 0.2%. South … Read more

EV battery stocks to buy as competition heats up, Bernstein says

Automakers are increasingly piling into EV battery production, but Bernstein thinks these pure-play battery stocks will continue to dominate. “Vertical integration by auto OEMs’ [original equipment manufacturer] upstream into battery production is a risk to pure play battery makers and under increased discussion given some of the investments being made by industry players,” Bernstein’s analysts, … Read more

Why China will likely recover more slowly from the latest Covid shock

As Shanghai tries to reopen businesses, one downtown district over the weekend banned residents from leaving their apartment complexes again for mass virus testing. Pictured here, in another district on May 21, 2022, is a line outside a shopping mall. Xu Kaikia | Visual China Group | Getty Images BEIJING — China’s economy won’t be … Read more

Stock futures fall after Dow’s 600 point comeback

Stock futures fell in overnight trading on Monday as the markets struggled to sustain a comeback rally following weeks of losses. Futures on the Dow Jones Industrial Average fell 110 points, or 0.36%. S&P 500 futures dipped 0.76% and Nasdaq 100 futures dropped 1.3%. Zoom Video shares popped 6% in extended trading after sharing strong … Read more

SpaceX president Gwynne Shotwell defends Elon Musk over sex misconduct allegations

SpaceX CEO Elon Musk participates in a postlaunch news conference inside the Press Site auditorium at NASA’s Kennedy Space Center in Florida on May 30, 2020, following the launch of the agency’s SpaceX Demo-2 mission to the International Space Station. NASA/Kim Shiflett SpaceX President and COO Gwynne Shotwell defended Elon Musk in an email to … Read more

Snap shares fall as CEO says company will miss revenue and earnings estimates, plans to slow hiring

In this screengrab, CEO of Snap Inc. Evan Spiegel takes the stage at the virtual Snap Partner Summit 2021 on May 20, 2021 in Los Angeles. Snap Partner Summit 2021 – Snap Inc | Getty Images Snap will miss its own targets for revenue and adjusted earnings in the current quarter, CEO Evan Speigel warned … Read more

CDC officials sound alarm for gay and bisexual men as monkeypox spreads in community

A section of skin tissue, harvested from a lesion on the skin of a monkey, that had been infected with monkeypox virus, is seen at 50X magnification on day four of rash development in 1968.  CDC | Reuters The Centers for Disease Control and Prevention on Monday alerted gay and bisexual men that monkeypox appears … Read more