Bloomberg
MSCI to Remove Swath of China Stocks From Indexes as Markets Sink
(Bloomberg) — MSCI Inc. is cutting dozens of Chinese companies from its global benchmarks following a market rout that’s erased ...
Nvidia CEO Says Tech Advances Will Keep AI Cost in Check
(Bloomberg) — Nvidia Corp. Chief Executive Officer Jensen Huang anticipates advances in computing over the next few years will keep ...
Slower US Inflation Is Set to Fuel Fed Rate-Cut Optimism
(Bloomberg) — The pulse of US inflation likely continued to slow at the start of the year, helping to feed ...
Alibaba’s $25 Billion Buyback Fails to Assuage Investors
(Bloomberg) — Alibaba Group Holding Ltd. green-lit another $25 billion in stock repurchases, aiming to assuage investors concerned about the ...
Xi’s Markets Shakeup Surprised Insiders, Showing Alarm Over Rout
(Bloomberg) — Staffers at China’s main securities regulator had been working around the clock for weeks on ways to prop ...
PayPal Tumbles After Firm Forecasts Little Profit Growth in 2024
(Bloomberg) — PayPal Holdings Inc. shares tumbled late Wednesday after the company said it expects earnings to be flat this ...
ByteDance’s China Chief Resigns After CEO Seeks Greater Urgency
(Bloomberg) — The head of ByteDance Ltd.’s China operations is stepping down, a week after Chief Executive Officer Liang Rubo ...
NYCB’s Credit Grade Is Cut to Junk by Moody’s
(Bloomberg) — New York Community Bancorp’s credit grade was cut to junk by Moody’s Investors Service less than a week ...
Novartis buys MorphoSys for €2.7 billion to get cancer drugs
(Bloomberg) — Novartis AG agreed to buy MorphoSys AG for €2.7 billion ($2.9 billion) as the Swiss pharma company starts ...
Xi to Discuss China Stocks With Regulators as Rescue Bets Build
(Bloomberg) — Anticipation is mounting for more forceful Chinese government efforts to end the nation’s stock rout, with regulators planning ...
