China’s Worsening Economy Is Hurting Corporate America
Caterpillar and DuPont are among the big companies that are lowering their expectations for a postpandemic boom.
Chinese Developers’ Shares Slump on Country Garden News, Weak Credit Data
Shares of Chinese property developers fell sharply weighed by negative news, including property giant Country Garden’s suspension of bond trading, deteriorating credit data and profit alerts.
Chinese EV Makers’ Shares Fall on Worries About Further Price Cuts
Shares of Chinese electric-vehicle makers listed in Hong Kong broadly weakened early Monday, as they engaged in new price war which investors believe could hurt their margins.
U.S. Office Woes and China’s Slowdown Rattle Singapore’s REIT Market
Some property-trust managers have asked regulators to loosen leverage limits, after their assets fell in value.
U.S. Steel Rejects Offer From Cleveland-Cliffs
Cleveland-Cliffs said it offered cash and stock worth $35 a share for its main competitor, valuing U.S. Steel at more than $7 billion.
L’Occitane Shares Rise on Takeover Offer
L’Occitane International’s shares rose sharply on hopes of an attractive offer from its controlling shareholder to buy shares that he didn’t already hold.
Head of CBS News, Neeraj Khemlani, Stepping Away From His Role
CBS is shaking up the leadership ranks of its news and local station group
Texas Sues Shell Over Massive Fire at Houston Chemical Plant
State officials allege that the multiday blaze caused “mass quantities” of airborne contaminants and illegal flows of wastewater into waterways.
Restaurants and Supermarkets Are Brawling Over Your Dollar
Kroger, Giant Eagle and other grocers expand their prepared meals. Meanwhile, Chipotle, Taco Bell and other restaurants aim to defend their turf.
George Soros loads up on AI chip makers Nvidia and AMD while selling Salesforce and Snowflake shares
George Soros loaded up on AI chip makers, while dumping stakes of some large cloud software names, filing shows.
Source: Dow Jones Newswires