Ping An last year had supported a shareholder motion to spin off HSBC’s Asia business and establish fixed dividends. The motion was eventually defeated.
Category: Finance News
China retail sales, investment data miss expectations in April
China reported data Friday that pointed to slower growth on the consumer side while industrial activity remained robust.
Affluent consumers are creating a ‘bubble’ at Walmart, warns retailer’s former U.S. CEO Bill Simon
Walmart may just be a pit stop for high-income consumers.
Canada Goose jumps 16% after the company reports growth in China
Shares of Canada Goose surged 16% on Thursday after reporting better-than-expected revenue and earnings for its fiscal fourth quarter.
Stocks making the biggest moves midday: Walmart, Deere, Meta, Chubb and more
These are the stocks posting the largest moves in midday trading.
The Dow just hit 40,000. Here’s a look at how it got here
The move comes as investors cheer the prospects of AI boosting corporate profits and the Federal Reserve possibly cutting rates later this year.
Markets underestimate geopolitical risk as raft of elections looms, ECB’s De Guindos says
The European Central Bank’s Financial Stability Report said that interest rate expectations have created the “potential for outsized market reactions.”
Stocks making biggest moves premarket: Under Armour, Walmart, AMC, GameStop, Canada Goose and more
These are some of the stocks posting the largest moves in premarket trading.
China’s Shenzhen metropolis sees fastest growth in millionaires globally
In 2023 alone, Shenzhen saw a 10% growth in millionaires, while Beijing and Shanghai recorded a decline of around 5% amid an exodus of high-net-worth individuals from China.
Stocks making the biggest moves after hours: Chubb, Cisco Systems, Palo Alto Networks and more
These are the stocks posting the largest moves in extended trading.