Tencent wants to be foreign automakers’ go-to company for EVs in China

Tencent wants to be foreign automakers’ go-to company for EVs in China

BMW’s iX electric SUV in China was the first global car brand to include the automobile version of Tencent’s WeChat messaging app, according to the Chinese tech company. Tencent BEIJING — Chinese internet giant Tencent wants to sell technology which the company says will help foreign automakers that want to sell cars in China’s massive electric vehicle market. BMW and some … Read more

Stock futures fall following a major comeback week for stocks

Stock futures fall following a major comeback week for stocks

Traders on the floor of the NYSE, June 15, 2022. Source: NYSE U.S. stock futures fell on Sunday night following a major rebound last week from this year’s steep declines. Despite the bounce, Wall Street is preparing to wrap up the worst first half for stocks in decades. Dow Jones Industrial Average futures fell 75 … Read more

Quarter-end buying may lift stocks higher before the next market storm

Quarter-end buying may lift stocks higher before the next market storm

Trader on the floor of the NYSE, June 7, 2022. Source: NYSE The stock market is about to close out its worst first half in decades in the week ahead, setting the stage for a summer of uncertainty and volatility. But in the very near term, strategists see a window of positive momentum for an … Read more

JPMorgan picks stocks to play a part of China that’s flown under the radar

JPMorgan picks stocks to play a part of China that’s flown under the radar

Consumers in China’s smaller cities are more willing to spend than those in large, well-known Chinese cities like Shanghai that have had to battle Covid this year, JPMorgan analysts said, citing an American consumer branding expert in China. “There is an untold story about the stronger economic growth outside [Tier] 1/2 cities, and in the … Read more

Stock futures fall slightly as Wall Street looks to snap losing streak

Stock futures fall slightly as Wall Street looks to snap losing streak

Stock futures slipped on Thursday evening as Wall Street looked to grind out a rare positive week in what has been a rough first half of the year. Futures tied to the Dow Jones Industrial Average fell 64 points, or 0.2%. Futures for the S&P 500 dipped 0.2%, while Nasdaq 100 futures lost nearly 0.2%. … Read more