Stocks fall, China consumer inflation rises

SINGAPORE — Asia-Pacific shares fell on Wednesday as investors digest inflation data from China and look ahead to the US CPI report. Hong Kong’s Hang Seng index fell 2.29% in the final hour of trade, with the Hang Seng Tech index down 3.43%. Heavyweights Meituan and JD.com fell 4.6% and 5.34% respectively. Heath care, consumer … Read more

Newmont, World Wrestling Entertainment, Ryanair & more

Ryanair planes are seen at Dublin Airport, following the outbreak of the coronavirus disease (COVID-19), Dublin, Ireland. Jason Cairnduff | Reuters Check out the companies making headlines in midday trading Monday. Newmont — Newmont shares tumbled 11.9% after the mining company reported a disappointing second-quarter profit. The company reported earnings of 46 cents per share, … Read more

Snap, Apple, Amazon, Disney, McDonald’s

Here are Monday’s biggest calls on Wall Street: Deutsche Bank reiterates Apple as buy Deutsche said in an earnings preview note to clients that Apple’s results should be solid when the company reports results later this week. “We expect F3Q (Jun) results to be largely in line with DB/Street estimates showing low-single digit growth y/y … Read more

Newmont, Squarespace, Philips and more

Check out the companies making headlines before the bell: Newmont (NEM) – The mining company’s stock slipped 3.3% in premarket trading after it reported lower-than-expected second-quarter earnings. Profit was down nearly 41% from a year ago, hurt by a drop in gold prices. Squarespace (SQSP) – The e-commerce platform provider tumbled 14.4% in the premarket … Read more

Twitter, Wynn Resorts and more

Take a look at some of the biggest movers in the premarket: Twitter (TWTR) – Twitter slid into premarket trading after Elon Musk announced late Friday that he was abandoning his $ 44 billion takeover deal. Twitter responded by saying it plans legal action to hold Musk to the agreed-upon transaction. Wynn Resorts (WYNN), Las … Read more

Here’s what China’s Alibaba and Kuaishou say about the economy

Across five major e-commerce platforms’ GMV, Alibaba’s market share fell by 6% in the first quarter versus the fourth, according to Bernstein analysis. Str | Afp | Getty Images BEIJING – Alibaba was once the poster child for investing in modern China. Now the e-commerce market that fueled its growth is slowing, while new players … Read more

Seagen, Moderna, Utz, Kroger and more

The Kroger supermarket chain’s headquarters is shown in Cincinnati, Ohio. Lisa Baertlein | Reuters Check out the companies making headlines in midday trading Friday. Seagen – Shares of the biotech company surged more than 16.1% following a Wall Street Journal report that pharmaceutical company Merck is considering buying Seagen. The report, citing people familiar with … Read more

JD.com, Roku, Alibaba and more

Check out the companies making headlines before the bell: Adobe (ADBE) – Adobe shares fell 3.7% in premarket trading after the software company issued weaker-than-expected financial guidance for the current quarter and the full year. Adobe is facing headwinds from the war in Ukraine and unfavorable foreign exchange rates, although its most recent quarter did … Read more

American Eagle Outfitters, Unilever, Nio and more

Nio began deliveries of its new ET7, an upscale electric sedan, on Monday, March 28, 2022. Nio Check out the companies making headlines in midday trading. Marathon Oil, Diamondback Energy – Energy stocks rose along with oil prices after an agreement from European Union leaders to ban most crude imports from Russia stoked inflation fears. … Read more

Where to find the best value plays in the beaten-up technology sector

Technology stocks have plummeted toward multiyear lows in recent months as investors search for stable, reliable earnings. The tech-heavy Nasdaq Composite sits 25.2% off its highs, and the index has suffered its worst start to a year on record. As tech stocks have tumbled, investors believe there are some values to be had in select areas … Read more