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

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

Airbnb is closing its domestic business in China, sources say

Nathan Blecharczyk, co-founder and chief strategy officer of Airbnb Inc., speaks during a news conference in Tokyo, Japan, on Thursday, June 6, 2019. Akio Kon | Bloomberg | Getty Images Airbnb is closing its domestic business in China, according to two sources familiar with the matter. The company is planning to tell employees in the … Read more

NYSE Sees More Chinese Companies Listing in the U.S.

Text size Investment in China and the outlook for the world’s second-largest economy is in sharp focus at the World Economic Forum. Spencer Platt/Getty Images DAVOS, SWITZERLAND – One of the top executives from the New York Stock Exchange expects the number of Chinese companies listed in the U.S. to remain the same or grow, … Read more

XPeng Reports Narrower-Than-Expected Loss. Stock Falls as Guidance Is Light.

Text size A Xpeng G3 car Hector Retamal/AFP via Getty Images Chinese electric-vehicle maker XPeng reported first-quarter numbers that were a little better than analysts expected. Shares, however, were weaker Monday. Gross profit margins and guidance might be concerning investors. But investors looking at consensus numbers to determine what things looked like, and will look … Read more

Tesla Stock Slips Lower On Report Of More Shanghai Factory Delays

Updated at 7:56 am EST Tesla  (TSLA) – Get Tesla Inc Report shares pared earlier pre-market gains Monday following a report that suggested the carmaker will delay the return to full capacity at its Shanghai gigafactory by at least another day.  Reuters reported Monday that Tesla won’t return to its full daily output of 2,600 vehicles … Read more

NYSE Sees More Chinese Companies Listing in the U.S.

Text size Investment in China and the outlook for the world’s second-largest economy is in sharp focus at the World Economic Forum. Spencer Platt/Getty Images DAVOS, SWITZERLAND – One of the top executives from the New York Stock Exchange expects the number of Chinese companies listed in the U.S. to remain the same or grow, … Read more

XPeng Earnings Are Coming. Here’s What to Expect From the Chinese EV Maker.

Text size A Xpeng G3 car Hector Retamal/AFP via Getty Images Chinese electric-vehicle maker XPeng reports first-quarter numbers on Monday. Investors could use good news. Maybe earnings will help. Analysts expect a loss of 30 cents a share on sales of $1.1 billion. In the fourth quarter, XPeng (ticker: XPEV) reported an adjusted loss of … Read more

Stock Futures Rise After S&P 500 Narrowly Avoids Closing in Bear Market

Text size Commuters exit from the Wall Street subway station in New York. Amir Hamja/Bloomberg Stock futures were signaling a higher start for Wall Street on Monday after the S&P 500 rallied on Friday to avoid closing in a bear market. Contracts linked to the Dow Jones Industrial Average gained 307 points, or 1%, S&P … Read more

U.S. announces major Asia economic deal in effort to boost profile, counter China

U.S. President Joe Biden, pictured here on Thursday, April 21, 2022, has launched the Indo-Pacific Economic Framework for Prosperity (IPEF) with a dozen initial partners. Yuri Gripas | Abaca | Bloomberg | Getty Images In a move to raise its economic profile and create another counterbalance to China within Asia, the United States announced on … Read more