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Industry News

Tencent fires 70 people and blacklists 13 firms in anti-fraud campaign

Tencent's latest investigation comes as China scrutinizes the practices of the its internet titans and tightens regulation.

Source: Top News and Analysis (pro) | 25 Jan 2022 | 2:21 am

U.S. puts troops on alert amid fears of Russia-Ukraine conflict. Europe watches on

Europe has been conspicuously absent from negotiations aimed at preventing tensions between Russia and Ukraine from spilling into conflict.

Source: Top News and Analysis (pro) | 25 Jan 2022 | 1:59 am

Credit Suisse issues fourth-quarter profit warning as legal costs rise

The profit warning comes after a series of high-profile scandals that have rocked the bank in recent years.

Source: Top News and Analysis (pro) | 25 Jan 2022 | 1:38 am

Strong recovery for India's smartphone market in 2021 with a record 162 million shipments

Chinese smartphone makers dominated the top five spots in 2021, with Xiaomi leading the way and South Korean phonemaker Samsung taking second place.

Source: Top News and Analysis (pro) | 25 Jan 2022 | 1:27 am

European stocks look for rebound as volatility grips global markets

European stocks were higher on Tuesday as investors in the region appeared to shrug off volatility elsewhere and concerns over Ukraine.

Source: Top News and Analysis (pro) | 25 Jan 2022 | 12:25 am

Chinese internet giant NetEase opens another gaming studio in Japan as international push continues

NetEase's Nagoshi Studio will be focused on console gaming as the Chinese internet giant looks to pick up more international users across different platforms.

Source: Top News and Analysis (pro) | 24 Jan 2022 | 10:01 pm

Cramer says selling not done for tech stocks trading at high multiples to sales: 'Those have had it'

"Tomorrow you got to do some selling...if you own stocks that are selling at a multiple to sales...those have had it," said Cramer.

Source: Top News and Analysis (pro) | 24 Jan 2022 | 9:19 pm

Monday was one of the biggest market comebacks of all time. History shows it's not time to cheer yet

It might not be time to call an end to the market selling, if history is any indication.

Source: Top News and Analysis (pro) | 24 Jan 2022 | 9:05 pm

'Double down' on defense because stocks will plunge another 10%, Morgan Stanley's Mike Wilson warns

Morgan Stanley's Mike Wilson, the market's biggest bear, suggests investors are dangerously downplaying a collision between a tightening Fed and slowing growth.

Source: Top News and Analysis (pro) | 24 Jan 2022 | 8:58 pm

Morgan Stanley picks 6 stocks to play China's driverless car 'revolution,' says one has 50% upside

China is on the "cusp of an autonomous driving revolution," Morgan Stanley said and the U.S. investment bank has stock ideas for investors to get in on the act.

Source: Top News and Analysis (pro) | 24 Jan 2022 | 8:08 pm

Kevin McCarthy, other GOP leaders discuss campaigning on limiting Congress members' stock trading

House GOP leaders are privately discussing curtailing lawmakers from trading stocks while in office and are aiming to make it part of their 2022 agenda.

Source: Top News and Analysis (pro) | 24 Jan 2022 | 7:10 pm

Hong Kong, Japan stocks fall as Asia-Pacific markets tumble following volatility on Wall Street

U.S. stocks sold off earlier in the session but mounted a dramatic comeback as investors stepped in to buy beaten-up tech shares.

Source: Top News and Analysis (pro) | 24 Jan 2022 | 6:46 pm

Bank of America says 'boom stocks' have had a strong start to 2022 — and names its favorites

The bank likes stocks that are "low quality, high risk and [have] rising momentum" right now.

Source: Top News and Analysis (pro) | 24 Jan 2022 | 6:35 pm

Dow futures fall more than 250 points, Nasdaq futures shed 1% as market's wild ride continues

Despite Monday's comeback, the S&P 500 is still down 7.5% in January.

Source: Top News and Analysis (pro) | 24 Jan 2022 | 6:03 pm

Stocks staged a remarkable turnaround, but the selling is not over, strategists say

The major averages made a stunning reversal from being deep in negative territory to notching gains at the close. Market pros warn that the selling isn’t over.

Source: Top News and Analysis (pro) | 24 Jan 2022 | 5:46 pm