Stocks were mostly lower Friday at the end of a volatile week, with investors monitoring a mixed set of bank earnings and a bigger-than-expected drop in U.S. retail sales. Each…
Tag: losses
China Stock Losses in U.S. Top $1 Trillion on Delisting Fear
(Bloomberg) — A brutal 2021 selloff for Chinese stocks trading in the U.S. has now erased more than $1 trillion in value since February and shows no signs of easing…
Nio, Alibaba lead losses for U.S.-listed stocks of Chinese companies after Didi delisting news
U.S.-listed shares of major Chinese companies, including electric-car maker Nio Inc. and e-commerce giant Alibaba Group Holding Inc., tanked on Friday following news that ride-sharing company Didi Global Inc. plans…
Asian stocks log more losses as omicron variant of COVID spreads
BEIJING (AP) — Asian stock markets fell further Monday after the omicron variant of the coronavirus was found in more countries and governments imposed travel controls. Tokyo, Shanghai, Hong Kong…
Bitcoin Nurses Losses in Wake of El Salvador’s Glitched Rollout
(Bloomberg) — Bitcoin nursed losses Wednesday right after plunging amid El Salvador’s troubled rollout of the most significant cryptocurrency as lawful tender. The virtual coin was investing at about $47,100…
Oil Extends Losses as Saudi Price Cuts Raise Competition Stakes
(Bloomberg) — Oil prolonged losses right after Saudi Arabia slashed crude costs for Asian customers, boosting the prospect of intense level of competition amongst sellers as the resurgence of Covid-19…
Gaming Stocks Pare Losses as Traders Weigh China’s Online Curbs
(Bloomberg) — Gaming shares in China and Japan clawed back some of their losses as traders weighed the impact of Beijing’s shift to reduce again the volume of time youngsters…
Warby Parker in IPO filing reveals rising sales—but also widening losses
A Warby Parker’s retailer in The Standard, Los Angeles, California. Michael Buckner | Getty Images Eyeglass brand name Warby Parker has dropped money or broken even more than just about…
Chinese Tesla rival Nio narrows losses as revenue surges 127%
Nio ideas to get started deliveries of its ET7 electrical sedan in 2022. Evelyn Cheng | CNBC GUANGZHOU, China — Nio shares rose far more than 1% in right after-hours…