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Monthly Archives: April 2018

Meituan Dianping acquires bike-sharing firm Mobike

Barry Huang | CNBC Mobike bicycles are seen in line at a docking area along a pedestrian sidewalk at the Central Business District (CBD) in Beijing, March 27, 2017. Meituan Dianping, China’s largest provider of on-demand online services, is buying bike-sharing firm Mobike for $2.7 billion excluding debt, in a …

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China says ‘it is only polite to reciprocate’ to US tariffs

China Foto Press | Getty Images Containers are stacked at a port on March 1, 2016 in Lianyungang, Jiangsu Province of China China on Tuesday condemned the U.S. announcement of tariffs on $50 billion worth of Chinese imports and said it would “take corresponding measures of equal scale and strength …

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After-hours buzz: CLDR, PLAY & more

Matthew Busch | Bloomberg | Getty Images Tom Reilly, chief executive officer of Cloudera. Check out the companies making headlines after the bell: Cloudera stock plummeted 25 percent post-market after the cloud computing company released its earnings report. Fourth-quarter revenues and earnings beat Wall Street estimates, but guidance for the …

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Chinese bitcoin mining Bitmain revealed a chip that could hurt AMD

Qilai Shen | Bloomberg | Getty Images Technicians make repairs to bitcoin mining machines at a mining facility operated by Bitmain in Ordos, Inner Mongolia, China, on Friday, Aug. 11, 2017. One of Wall Street’s biggest worries for AMD and Nvidia just became real. China-based Bitmain on Tuesday revealed its …

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US names Chinese products under proposed tariffs

Yuri Gripas | Reuters President Donald Trump delivers remarks on the Infrastructure Initiative at the Local 18 Richfield Training Site in Richfield, Ohio, March 29, 2018. President Donald Trump unveiled a list Tuesday of Chinese imports his administration aims to target as part of a crackdown on what the president …

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Stock starts trading on the NYSE in non-IPO

Richard Drew | AP Specialist Peter Giacchi, center, declares Spotify’s IPO open on the floor of the New York Stock Exchange, Tuesday, April 3, 2018. “Spotify is not raising capital, and our shareholders and employees have been free to buy and sell our stock for years,” CEO Daniel Ek wrote …

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BlackRock is positive on stocks but trade and rising rates are risk factors

BlackRock strategists see rising U.S. protectionism and a jump in bond yields as the biggest headwinds to their optimistic outlook for risk assets this year. Richard Turnill, global chief investment strategist at BlackRock Investment Institute, said the strategists favor stocks, particularly U.S. and emerging markets. BlackRock, the world’s largest asset …

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Bank of America says Facebook is no longer one of its favorite stocks in wake of data scandal

David Paul Morris | Bloomberg | Getty Images Mark Zuckerberg, CEO, Facebook Bank of America Merrill Lynch is getting less bullish on Facebook. The firm reiterated its buy rating for the internet company but took it off its US1 top ideas list. The bank did not provide much detail for …

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Alex van der Zwaan gets 30 days in prison

Getty Images Attorney Alex van der Zwaan (L), who formerly worked for the Skadden Arps law firm, arrives at a U.S. District Courthouse for his sentencing April 3, 2018 in Washington, DC. The first sentencing in special counsel Robert Mueller’s Russia probe has been handed down. A federal judge on …

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Britain’s Prince Philip enters hospital for hip surgery

Mark Cuthbert | UK Press | Getty Images Prince Philip, Duke of Edinburgh attends Sunday Service at St Peter and St Paul Church in West Newton on February 4, 2018 in King’s Lynn, United Kingdom. Buckingham Palace says Queen Elizabeth’s husband, Prince Philip, has been admitted to the hospital for …

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