Baidu Inc. News
Tesla Will Envy the Permit That Baidu Just Received
Baidu gets regulatory approval to provide driverless passenger rides to the public on open roads in Beijing. That's likely to catch Tesla CEO Elon Musk's attention.
Alibaba, China Stocks Rise; Government Said to Mull Easing Regulations
China’s tight regulation of its technology sector over the past year has hurt Chinese tech stocks listed in the U.S.
Fund Managers Arrested As $20B Implosion Spreads
The two managed the fund before it collapsed in March 2019 in a $20 billion fallout in the swaps market
Alibaba Skids, Along with Other US-Listed China Stocks
Several factors combined to cause Chinese stocks to slip, as they continued their downturn of more than a year.
Sony and Honda Have a Plan That Tesla, GM and Ford Won't Like
The two Japanese giants have ambitions to disrupt an industry highly coveted by American automakers.
Morgan Stanley Stock Leads Gains As Banks Boost Dividends After Fed Stress Tests
Morgan Stanley, Wells Fargo, Bank of America and Goldman Sachs will lift their quarterly dividend, while JPMorgan will hold its steady following last week's Fed stress tests.
Nike Stock Slides As As Margin Pressures, China Worries Offset Q4 Earnings Beat
"We think we're well positioned for growth in fiscal year 2023 ... having said that, we did take a cautious approach to Greater China," said CFO Matthew Friend.
Playtika Stock Slumps After Joffre Capital Takes 25.7% Stake Online Casino Gaming Group
Axios reported late Monday that tech buyout group Joffre Capital is seeking a majority stake in the online casino video game group.
Walgreens Stock Slides As Group Scraps Plan to Sell UK-based Boots
"As a result of market instability ... no third party has been able to make an offer that adequately reflects the high potential value of Boots," Walgreens said.