Volatility is back in U.S. stock markets, and that means Wall Street’s trading profits are rebounding after an abysmal 2017.
Big U.S. banks led by Action Alerts PLUS holding JPMorgan Chase & Co. (JPM) could report an average 28% gain in earnings per share for the first quarter when they begin posting results Friday, driven by stronger stock-trading revenue and the....More>>>
Alphabet’s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google recently announced that it will invest $550 million in cash in JD.com (NASDAQ:JD), the second largest e-commerce player in China after Alibaba (NYSE:BABA). Google will receive 27 million newly issued JD.com Class A shares at an issue price of $20.29 per share. That’s equivalent to $40.58 per ADS based on the stock’s volume-weighted....More>>>
Malaysia’s new leader is ditching a planned high-speed rail link with Singapore that would have cost billions.
The move raises questions about the country’s commitment to other big infrastructure projects, including those being pushed by China.
Prime Minister Mahathir Mohamad announced late Monday that the proposed rail link with Singapore would cost Malaysia a “huge....More>>>
Chinese online media giant NetEase Inc. (NASDAQ:NTES) is hardly the talk of the town. Sporting a $30 billion market cap, NetEase works in a consumer-facing industry, and share prices have bounced between $222 and $378 over the last year. And these are the hallmarks of the market’s most-discussed tickers.
But other than around the time of the company’s earnings reports, NetEase....More>>>
U.S. stock-market indexes opened lower on Thursday as signs of heightened tensions between the U.S. and China outweighed a batch of corporate results that have largely come in ahead of expectations. The S&P 500
China desperately needs the China-Pakistan Economic Corridor (CPEC). It’s part of that nation’s vision to write the rules of the next stage of globalization and help its export and investment engines grow for years to come—a good prospect for investors in Chinese equities, which have been lagging behind of those of neighboring India.
Shares of China Biologic Products (NASDAQ:CBPO) rose nearly 15% today after the company announced that it has received its second buyout offer of the summer.
In June, Chinese investment firm CITIC Capital proposed an all-cash offer to gobble up the blood plasma product leader for $110 per share. Now, a group of investors led by the company’s former CEO, David Gao,....More>>>
It is not uncommon for Chinese stocks to trade at a discount to their American peers, as the combination of higher perceived political and geographic risk leads to more attractive valuations. However, the recent talk of a potential trade war has Chinese stocks trading at valuations not seen in years. Currently, the price-to-earnings ratio for the Shanghai Composite Index is near 10 while the S&P....More>>>
Apple (NASDAQ:AAPL) is heavily exposed to political outcomes coming out of this election cycle, but that doesn’t make it an uncompelling investment, as much of the arguments against a Trump presidency hinged on whether it would in fact derail trade relationships with China via a tariff.
Upon weighing the possible outcomes and putting together a detailed article explaining the various....More>>>
India’s economic and credit slowdown is revealing the strengths and weaknesses of its banking sector.
Roiled by unprecedented frauds and surging bad debt, the nation’s state-run banks have returned the least to investors this year. However, investors’ belief in the potential of Asia’s No. 3 economy shows in the fact that its newest lenders offer the best returns,....More>>>
The past several years haven’t been good ones for investors in Starbucks (NASDAQ:SBUX). The stock is lower than it was three years ago, while the broader market has gained about 32% — this despite Starbucks stock hitting an all-time high in mid-2017. The coffee chain has been hampered by slowing growth, incidents of racial bias, and more recently the departure of Chairman Howard Schultz....More>>>
Apple Inc. (NASDAQ:AAPL) is bringing home some of the cash that it holds offshore, which will result in a $38 billion tax bill. AAPL stock added to Wednesday’s gain in after-market trading following the company announcement.
The Cupertino, California tech giant didn’t say how much of its $252.3 billion in overseas cash holdings it expects to repatriate. Apple said it expects....More>>>
Walmart Inc. (NYSE: WMT) management has warned that tariffs will hit a number of goods it sells in the United States. The world’s largest retailer imports much of its inventory from China. Prolonged tariffs could undermine Walmart’s financial results, and along with that its share price. This year’s holidays, so critical to retailer profits, may be rough for Walmart.
Trade tensions between the U.S. and China are unlikely to be resolved by the existing architecture that governs world trade, according to Stephen Olson, Hong Kong-based Research Fellow at the Hinrich Foundation Ltd.
The world’s two biggest economies need to agree on a new framework that will allow both of their economic systems to co-exist, something the World Trade Organization doesn’t....More>>>
The stock market isn’t even lower on trade concerns because investors hope President Donald Trump gets lucky on China, CNBC Jim Cramer said Tuesday.
“We’re in suspended animation here,” Cramer said on “Squawk on the Street,” adding investors are finding it difficult to commit capital to stocks such as industrials without knowing the conclusion of the Trump....More>>>