Pictured here are residential buildings developed by Country Garden Holdings Co. in Baoding, east China’s Hebei province, Tuesday, August 1, 2023. Qilai Shen | Bloomberg | Getty Images BEIJING – Two years after Evergrande’s debt woes, concerns about China’s real estate sector have come to the fore again. Country Garden, one of the top non-government … Read more
A version of this story first appeared in CNN Business’s Before the Bell newsletter. Not a subscriber? You can login exactly here. You can listen to an audio version of the newsletter by clicking the same link. CNN — Moody’s downgraded 10 US banks Monday night and put the credit ratings of six others under … Read more
Empty bottles of Moderna Covid-19 vaccine. Fred Tanneau | AFP | Getty Images Check out the companies making headlines ahead of the market open. Qualcomm — The chipmaker slipped 8.5%. after posting adjusted earnings per share of $1.87 on sales of $8.44 billion in the second quarter, while analysts polled by Refinitiv were expecting $1.81 … Read more
People walk past a Gap retail store in Beijing, China, 24 August 2022. vcg | Getty Images Check out the companies making headlines before the bell on Tuesday. SoFi Technologies – Fintech stock fell 3.7% after KBW analyst Michael Perito downgraded the stock from “underperform” to “marketperform.” However, Perito raised its price target on the … Read more
A version of this story first appeared in CNN Business’s Before the Bell newsletter. Not a subscriber? You can login exactly here. You can listen to an audio version of the newsletter by clicking the same link. CNN — Stocks and consumer sentiment are rising in tandem after falling last year, another sign of growing … Read more
Hong Kong CNN — Ant Group has announced a $78.5 billion share buyback, down about $230 billion, or 75%, from the valuation it reached almost three years ago before its IPO was blocked by Chinese regulators became. The company was co-founded by Jack Ma, as was e-commerce giant Alibaba Group (BABA). Ant and Alibaba’s combined … Read more
London CNN — Financial difficulties at the company, which supplies water to more than a fifth of Britain’s population, have raised concerns about the dire state of an industry that provides a resource people cannot live without. The problems are most acute at Thames Water, the London water company, but the entire industry in England … Read more
A version of this story first appeared in CNN Business’s Before the Bell newsletter. Not a subscriber? You can login exactly here. You can listen to an audio version of the newsletter by clicking the same link. new York CNN — The stock market has made incredible strides since its downturn last year — so … Read more