DiDi Global Inc. American Depositary Shares (each four representing one Class A) News
Uber Stock Slumps As Lyft Drags Ride-Sharing Lower On Surging Cost Hit To Profit Outlook
"Our driver base is at a post-pandemic high and is more engaged on Uber than on other platforms,: said CEO Dara Khosrowshahi. "Importantly, we expect this trend to continue without significant incremental incentive investments."
'China is Uninvestable,' Says Renowned Bond Investor Gundlach
Jeffrey Gundlach says he has never invested in China. 'I think that investments in China could be confiscated,' he said.
China's New Rules Limiting Overseas IPOs Go Into Effect
In spite of the clampdown, the rules don't completely prohibit overseas listings, Real Money's Alex Frew McMillan says.
Stock Market Today: Wall Street Extends Record High Push Into Year End on Fading Omicron Concerns
With the S&P 500 extending its run of record high closes to 70 this year, the best since 1995, Wall Street is looking to close out 2021 with another bullish session on Thursday.
China's Biggest Tech Players Lost More Than $80 Billion In 2021
Amid a deteriorating China-U.S. relationship and government crackdowns, the 10 richest technology magnates in China lost a lot of money.
Uber Shares Rise as CEO Cites Gross-Bookings Record
'Our overall mobility business continues to get closer to prepandemic levels,' Uber CEO Dara Khosrowshahi says.
Treasury Yields Jump After Weak $43 Billion 2-Year Auction, Sliding Foreign Demand
The Treasury sold $43 billion in 2-year notes at a high yield of 4.29% - nearly a full percentage point above last month's auction levels.
Economist El-Erian Sees Strong Chance for Recession
But he thinks the Fed must keep raising interest rates to quell inflation. And he expects continued market volatility.
Pound Collapse Puts Dollar Parity, Emergency Bank of England Rate Hikes in Focus
Britain's new government said it will continue focusing on tax cuts and new borrowing to boost growth even as markets push the pound to a record low against the U.S. dollar.
What Happens to Your Credit Card When Interest Rates Rise
With interest rates soaring, credit card consumers may be in for a shock