-
MarketWatch
Big losses ahead for markets? Jeremy Grantham’s terrifying new forecasts
It shows about the worst medium-term forecasts on record for pretty much all the assets most of us own in our retirement accounts. If they happen, they’ll mean your SPDR S&P 500 ETF (SPY) and Vanguard S&P 500 Trust (VOO) and Schwab U.S. Small-Cap ETF (SCHA) lose about half their value, in inflation-adjusted terms, by 2028.
-
Bloomberg
China Crackdown Rocks Investors: ‘Everybody’s in the Crosshairs’
(Bloomberg) — Beijing’s clampdown on the booming private education industry has shocked even some of the most seasoned China watchers, prompting a rethink of how far Xi Jinping’s Communist Party is willing to go as it tightens its grip on the world’s second-largest economy.The crash in tutoring stocks that began on Friday spread this week across the tech sector and beyond, after authorities confirmed reports they would ban a swathe of the education industry from making profits. It’s the governm
-
Bloomberg
China Crackdown Rout Spreads Amid Fears of Foreign Selloff
(Bloomberg) — A rout in Chinese shares in the crosshairs of Beijing’s regulatory crackdown extended into the bond and currency markets Tuesday as unverified rumors swirled that U.S. funds are offloading China and Hong Kong assets.The speculation, which included talk that the U.S. may restrict investments in China and Hong Kong, circulated among traders in late afternoon in Asia, spurring a renewed bout of selling. The Hang Seng Tech Index, a gauge of many Hong Kong-listed Chinese stocks, plunge
-
Motley Fool
Why Moderna Stock Slipped Today
What happened Shares of Moderna (NASDAQ: MRNA) slipped 3.7% on Monday as of the market close. The decline appeared to be related to a report in The New York Times that said the U.S. Food and Drug Administration (FDA) requested that COVID-19 vaccine makers expand their clinical trials for children between the ages of five to 11 before seeking emergency use authorization (EUA).
-
Investor’s Business Daily
5 Best Chinese Stocks To Buy And Watch Amid China Crackdowns
Hundreds of Chinese companies are listed on U.S. markets. China is the world’s most-populous nation and the second-largest economy with a booming urban middle class and amazing entrepreneurial activity. Often dozens of Chinese stocks are among the top performers at any given time, across an array of sectors.
-
TipRanks
3 “Strong Buy” Stocks Trading at Rock-Bottom Prices
When a stock’s price falls into the doldrums, it’s tempting to just avoid those shares. After all, rock bottom prices usually happen for a reason, and those reasons are usually not good for the stock’s prospects. But there are times – more frequent than most would guess – that this common wisdom runs counter to the facts. Because the fact is, many fundamentally sound stocks can and do see periods of falling share price. Maybe there was change in company leadership, or a hyped product failed to m
-
Bloomberg
China Stocks Tumble in ‘Panic Selling’ Amid Broad Crackdown
(Bloomberg) — A selloff in Chinese private education companies sent shockwaves through the equity market Monday, as investors scrambled to price in the growing risks from an intensifying crackdown by Beijing on some of the nation’s industries.Stocks slumped on the mainland and in Hong Kong, with the benchmark CSI 300 Index dropping 3.2% and the Hang Seng Index tumbling 4.1%, the most since May last year. Steep losses in education stocks in the wake of a sweeping overhaul spilled over into other
-
Bloomberg
Meituan Sheds $60 Billion After China Crackdown Fears Deepen
(Bloomberg) — Meituan has shed more than $60 billion of its market value over two frenetic trading sessions, after Beijing unveiled sweeping reforms against private-sector companies that darkened the outlook for the world’s No 2 economy.China’s top food delivery company slid a record 18% Tuesday in Hong Kong, on top of a 14% plummet the previous day. Spreads on Meituan’s dollar bond due 2030 rose 16 basis points to 232 basis points, set for the widest on record, Bloomberg-compiled data showed.T
-
Motley Fool
Is It Too Late to Buy Novavax Stock?
The correct answer to the question is Novavax (NASDAQ: NVAX). Novavax is by far the best-performing vaccine stock with a gain of more than 4,900% since the beginning of last year. Is it too late to buy Novavax stock?
-
Bloomberg
China’s Yuan, Bonds Tank in Tandem Amid Fears on Foreign Selloff
(Bloomberg) — China’s government bonds and the yuan slid in tandem, amid speculation that overseas hedge funds have stepped up liquidating the country’s assets after a rout in shares deepened.The yield on the most actively traded 10-year government bond rose seven basis points to 2.94% Tuesday afternoon, the most since in a year. The offshore yuan fell as much as 0.6% to 6.52 per dollar, through the key 6.5 level for the first time since April. Stock benchmarks in China and Hong Kong extended d
-
Insider Monkey
10 Most-Shorted Stocks Reddit’s WallStreetBets Is Paying Attention To
In this article, we discuss the 10 most-shorted stocks Reddit’s WallStreetBets is paying attention to. If you want to skip our detailed analysis of these stocks, go directly to the 5 Most-Shorted Stocks Reddit’s WallStreetBets Is Paying Attention To. Reddit forum WallStreetBets, with a user base of well over 10.7 million and growing, rose to […]
-
Bloomberg
China Education Tycoon Loses $15 Billion as Shares Tumble
(Bloomberg) — Larry Chen, the former school teacher who became one of the world’s richest people, has lost his billionaire status as China cracks down on its private education sector.Chen, the founder, chairman and chief executive officer of Gaotu Techedu Inc., is now worth $235 million, according to the Bloomberg Billionaires Index, after shares in his online-tutoring firm have plunged about 70% in New York trading since Friday following reports of the regulatory overhaul.On Saturday, China re
