People play computer games at an internet cafe in Fuyang, China’s Anhui province. Lu Qijian | Visual China Group | Getty Images LONDON – After decades of the U.S. and Japan dominating the gaming space, China’s influence is growing as its tech giants snap up gaming studios around the world. […]
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UBS warns that it’s not time to bottom fish in the Chinese markets yet
Investors looking for bargains in the Chinese market should beware as stocks there could see further losses, warns UBS Global Wealth Management’s Kelvin Tay. “I think there’s actually more room for this to actually run,” Tay, regional chief investment officer at the firm, told CNBC’s “Squawk Box Asia” on Wednesday. […]
Shipping prices may be heading higher but are ‘not super yet,’ analysts say
A ship unloader unloads iron ore at a dock in Suzhou, Jiangsu province, China, April 6, 2021. Costfoto | Barcroft Media | Getty Images Shipping rates may be rising, but they are “not super yet,” according to one analyst. Dry bulk shipping rates surged this year as the global economy […]
Chinese yuan and Hong Kong dollar sell off as regulatory fears spread
Dollar yuan Dilok Klaisataporn | Getty Images Investors are dumping the Chinese yuan and Hong Kong dollar as the selloff in China stocks continues, and those currencies slid on Tuesday to lows not seen since April. Regulatory fears are spreading to other parts of the Chinese market, after Beijing stepped […]
Walmart’s latest business: Selling its e-commerce tech to other retailers
Just as Amazon Web Services is the profit center that powers much of Amazon’s other businesses, Walmart CEO Doug McMillon has been increasingly interested in expanding his company’s profit pools beyond its core retail business. Starting Wednesday, small- and medium-sized retailers can purchase the technology Walmart has developed to allow […]
Chinese stocks are now among Asia’s worst-performing as Beijing crackdown spooks investors
Investors watch computer screens at a stock exchange hall on July 13, 2020 in Nanjing, Jiangsu Province of China. Jiang Ning | VCG | Getty Images Days of heavy selling in Chinese stocks have left two major indexes in the country as the worst-performing markets of Asia-Pacific. At the close […]
‘You better be in the right headspace or really bad things are going to happen’: Shannon Miller on Simone Biles’s exit
Shannon Miller, the most decorated U.S. female gymnast in Olympics history, delivered perspective that only a fellow gymnast could give, when it came to Simone Biles’s decision to withdraw from the team final competition Tuesday due to mental health concerns. “What I think is really important here is, you have […]
Apple’s iPhone hot streak is going to run into the global chip shortage
Apple reported a blowout quarter on Tuesday, driven by sales of iPhones, which were up 50% annually to $39.57 billion in sales. That followed the March quarter, where iPhone sales were up 65.5% annually, and Apple’s holiday quarter, where sales were up 17% to $65.60 billion. The iPhone is on […]
Biden says vaccine mandate for all federal employees is under consideration following VA order
U.S. President Joe Biden delivers remarks on the state of the coronavirus disease (COVID-19) vaccinations from the State Dining Room at the White House in Washington, D.C., April 6, 2021. Kevin Lamarque | Reuters President Joe Biden said Tuesday his administration is weighing whether to require federal employees to be […]
Delta variant: Third Covid shot may be way around masking, says Dr. Peter Hotez
Dr. Peter Hotez told CNBC that while the Centers for Disease Control and Prevention’s new Covid masking guidelines are “absolutely” necessary to battle the delta variant and surging cases, there might be an alternative to wearing masks indoors again. “There is potentially a way to get around it, and it […]