What a brutal six months it’s been for Regal Rexnord. The stock has dropped 38.4% and now trades at $103.43, rattling many shareholders. This was partly driven by its softer quarterly results and may have investors wondering how to approach the situation.
Intel is slated to report quarterly earnings after markets close on Thursday in its first report since CEO Lip-Bu Tan took the helm of the beleaguered chipmaker. Traders expect the stock to move notably a day later.
Eurozone economy stagnates in April as trade tensions drag services sector into contraction. PMI data show Germany's resilience in manufacturing, while France's downturn deepens. Easing inflation pressures may support ECB rate cutsView on euronews
(Bloomberg) -- Chinese investors sold a near-record amount of Hong Kong stocks on Wednesday, reducing holdings after hopes of easing in trade tension spurred a relief rally. Most Read from BloombergTrump Gives New York ‘One Last Chance’ to End Congestion FeeDOGE Visits National Gallery of Art to Discuss Museum’s Legal StatusThe Racial Wealth Gap Is Not Just About MoneyBackyard Micro-Flats Aim to Ease South Africa’s Housing CrisisA Car Guy Makes a Left TurnThey offloaded shares worth HK$18.1 bill
Bitcoin and ether saw notable price gains Tuesday as U.S. officials raised hopes for a U.S.-China trade deal.
Bitcoin surpasses Google in market cap as crypto breaks out against tech and key benchmarks.
“Bitcoin is continuing to show signs of its own decoupling away from equity markets,” one watcher said.
BEIJING/HONG KONG (Reuters) -Chinese authorities have asked e-commerce platform operators to stop insisting on merchants refunding customers without requiring the return of goods, to alleviate financial pressure on merchants, two people familiar with the matter said. The government met operators including PDD Holdings and concluded the practice must end by July, from which point only merchants will be able to initiate a refund, the people said, without specifying dates. The aim is to prevent merchants' situation becoming tenuous during times of economic slowdown, said one of the people, who declined to be identified because the information is not public.
Global stock markets experienced a relief rally after US Treasury Secretary Scott Bessent indicated that high tariffs were not unsustainable, raising hopes for a de-escalation in the US–China trade war. President Trump confirmed the stance and signalled that tariffs on China would be cut.View on euronews
Nissan Motor will invest an additional $1.4 billion in China, where it believes it is on track to reverse a punishing slide in sales with the launch of some 10 new vehicles in the coming years, its China chief said on Wednesday. "We have been sort of slow in approaching the market with China moving so fast," said Stephen Ma, who shifted from Nissan’s chief financial officer to take charge of its China operations at the start of the year. Nissan sold fewer than 700,000 vehicles in China in 2024, less than half of what it sold just four years earlier.
