Apple Looks to Boost Production Outside China

TOKYO—Apple has told some of its contract manufacturers that it wants to boost production outside China, citing Beijing’s strict anti-Covid policy among other reasons, people involved in the discussions said. India and Vietnam, already sites for a small portion of Apple’s global production, are among the countries getting a closer look from the company as … Read more

China’s Central Bank Makes Unexpected Rate Cut as Growth Crumbles

SINGAPORE — China’s central bank cut a key interest rate while keeping another unchanged, an unexpected policy shift that economists said would likely help the country’s moribund housing market but bring only limited relief to its struggling economy. The latest in a series of targeted steps by the central bank highlights how policy makers in … Read more

Novavax Gets a Sell Rating. It’s Got a Covid Vaccine Problem, Analyst Says.

Text size A healthcare worker prepares a dose of Nuvaxovid vaccine. Jeroen Jumelet / ANP / AFP via Getty Images Novavax stock was dropping Friday after receiving a Sell-equivalent rating – the first since December 2020 and the only one from Wall Street. Bank of America Securities analyst Alec Stranahan initiated coverage of Novavax (ticker: … Read more

Stock Market Today: Dow Futures Rise, Tech Outperforms, China Lockdowns to Ease

Text size Fed Chair Jerome Powell is one of six officials from the central bank speaking Tuesday. Tim Williams / Getty Images Stocks rose as China moved to curb Covid-19 lockdowns that have threatened global disruption, with a wave of US economic data and Federal Reserve speakers in the day ahead as investors continue to … Read more

Asian markets gain as China COVID progress outweighs Wall Street losses

Shares advanced in Asia on Tuesday after another wobbly day on Wall Street extended a losing streak for markets. Hong Kong’s Hang Seng HSI, + 2.23% gained 2.2% while the Nikkei 225 NIK, + 0.30% in Tokyo edged 0.4% higher. In Seoul, the Kospi 180721, + 0.76% rose 0.8%. Australia’s S & P / ASX … Read more

Stocks Slip to Start the Week

US stocks fell Monday as investors resumed the selloff that pushed the S&P 500 last week to its sixth consecutive weekly loss. The broad stock market index 500 fell 0.3% in early trading, the Dow Jones Industrial Average lost 0.3% and the technology-heavy Nasdaq Composite Index dropped 0.3%.

China’s Economic Distress Deepens as Lockdowns Drag On

HONG KONG — China’s economy descended deeper into a Covid-19-induced doldrums last month, raising questions about whether Beijing’s planned stimulus measures can prevent a prolonged downturn. Consumer spending and factory output tumbled in April, while growth in infrastructure investment — which Beijing has been counting on to prop up growth this year — slowed sharply, … Read more

How Workers Gained Leverage, and Why They Won’t Lose It Soon – Barron’s

How Workers Gained Leverage, And Why They Won’t Lose It SoonBarron’s

China’s Economic Slowdown Is Rippling All Around the World – The Wall Street Journal

China’s Economic Slowdown Is Rippling All Around the WorldThe Wall Street Journal

The Companies Cutting Staff, Freezing Hiring or Slashing Costs: See the List

Companies which saw substantial growth during the Covid-19 pandemic are starting to take a more cautious approach toward hiring and spending. From Peloton Interactive Inc. spirit Meta Platforms Inc. thaw Twitter Inc Uber Technologies Inc. and others, corporate belt tightening comes as the Federal Reserve is raising interest rates, global stock markets have fallen and … Read more