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(Bloomberg) -- China’s tech stocks slumped on concerns over the country’s consumption outlook after Walmart Inc. sold its stake in JD.com Inc. and some key players posted poor earnings. Most Read from BloombergThe Serious Work That Free Play Can Do‘Train Lovers’ Organize to Support Harris and Walz in Presidential BidPart of Downtown Montreal Is Flooded After Water Pipe BreaksClimate Disasters Are an Affordable Housing ProblemThe Hang Seng Tech Index lost 1.8% in Hong Kong, pushed lower by an 8.7

JD.com, Kuaishou Sink China Tech Stocks as Walmart Sells Stake

(Bloomberg) -- China’s tech stocks slumped on concerns over the country’s consumption outlook after Walmart Inc. sold its stake in JD.com Inc. and some key players posted poor earnings. Most Read from BloombergThe Serious Work That Free Play Can Do‘Train Lovers’ Organize to Support Harris and Walz in Presidential BidPart of Downtown Montreal Is Flooded After Water Pipe BreaksClimate Disasters Are an Affordable Housing ProblemThe Hang Seng Tech Index lost 1.8% in Hong Kong, pushed lower by an 8.7
Bloomberg 22 minutes ago
WMT
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Artificial intelligenceInflationFed's path forwardStock market newsPremium newsPersonal finance

Stock Market News

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Hong Kong Exchanges and Clearing Limited (HKEX) reported its best second quarter on record, as initial public offerings (IPOs) and stock trading returned amid a leadership change at the city's bourse. Net profit at the operator of the world's fourth-largest stock market rose 9 per cent to HK$3.16 billion (US$405 million), or HK$2.49 per share, in the three months ended June, in line with market estimates. Sales increased 8 per cent to HK$5.4 billion during the quarter, also meeting analysts' for

HKEX reports its best second quarter on record as IPOs, stock trading revive in Hong Kong

Hong Kong Exchanges and Clearing Limited (HKEX) reported its best second quarter on record, as initial public offerings (IPOs) and stock trading returned amid a leadership change at the city's bourse. Net profit at the operator of the world's fourth-largest stock market rose 9 per cent to HK$3.16 billion (US$405 million), or HK$2.49 per share, in the three months ended June, in line with market estimates. Sales increased 8 per cent to HK$5.4 billion during the quarter, also meeting analysts' for
South China Morning Post 4 minutes ago
HKXCY
^HSI
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Earnings

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Beauty products company Coty (NYSE:COTY) missed analysts’ expectations in Q2 CY2024, with revenue flat year on year at $1.36 billion. It made a non-GAAP loss of $0.03 per share, down from its profit of $0.01 per share in the same quarter last year.

Coty (NYSE:COTY) Reports Sales Below Analyst Estimates In Q2 Earnings

Beauty products company Coty (NYSE:COTY) missed analysts’ expectations in Q2 CY2024, with revenue flat year on year at $1.36 billion. It made a non-GAAP loss of $0.03 per share, down from its profit of $0.01 per share in the same quarter last year.
StockStory 12 hours ago
COTY
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Target earnings, Fed minutes, payroll revisions: What to watch

As the trading day comes to a close, Asking for a Trend takes a look at what investors should have on their radar for Wednesday August 21, 2024.
11h ago
SNOW
+0.38%
TGT
-0.21%
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From the Yahoo Finance Newsroom

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Netflix stock secures record close as company touts ad sales ahead of NFL, WWE debuts

Netflix stock secures record close as company touts ad sales ahead of NFL, WWE debuts
Yahoo Finance 13 hours ago
NFLX
Stock market today: S&P 500, Nasdaq snap 8-day winning streak as focus turns to Jackson Hole

Stock market today: S&P 500, Nasdaq snap 8-day winning streak as focus turns to Jackson Hole
Yahoo Finance 13 hours ago
^GSPC
-0.20%
^IXIC
-0.33%
Americans think they'll be out of work and are looking for jobs at highest rate in 10 years: NY Fed survey

Americans think they'll be out of work and are looking for jobs at highest rate in 10 years: NY Fed survey
Yahoo Finance 15 hours ago
^GSPC
-0.20%
^DJI
-0.15%
Gold touches record high amid 'firm demand' from central banks and ETFs

Gold touches record high amid 'firm demand' from central banks and ETFs
Yahoo Finance 16 hours ago
GC=F
-0.14%
Nvidia helped the stock market storm back, but this summer’s broadening theme never went away

Nvidia helped the stock market storm back, but this summer’s broadening theme never went away
Yahoo Finance 16 hours ago
TSLA
^SPXEW
Why millennials and Gen Z are too young to be loading up on bonds

Why millennials and Gen Z are too young to be loading up on bonds
Yahoo Finance 17 hours ago
^DJI
-0.15%
VFFSX
Trump downplays Fed pressure: 'It's fine for a president to talk'

Trump downplays Fed pressure: 'It's fine for a president to talk'
Yahoo Finance 18 hours ago
Lowe's sees sales drop, cuts 2024 outlook as consumers put off home improvement projects

Lowe's sees sales drop, cuts 2024 outlook as consumers put off home improvement projects
Yahoo Finance 18 hours ago
HD
FND
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Premium News

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The Brouhaha Over Cash Distributions

The Brouhaha Over Cash Distributions
PREMIUM
The Information 10 hours ago
Conde Nast Signs Multi-Year Deal with OpenAI

Conde Nast Signs Multi-Year Deal with OpenAI
PREMIUM
The Information 14 hours ago
Equity Markets Close Lower Ahead of FOMC Meeting Minutes

Equity Markets Close Lower Ahead of FOMC Meeting Minutes
PREMIUM
MT Newswires 12 hours ago
^GSPC
-0.20%
COMP
Boeing Pauses 777X Testing Amid Structural Component Issue; Shares Decline

Boeing Pauses 777X Testing Amid Structural Component Issue; Shares Decline
PREMIUM
MT Newswires 13 hours ago
BA
Nvidia Results, Outlook Poised for Upside Amid 'Sustained' AI Demand, Oppenheimer Says

Nvidia Results, Outlook Poised for Upside Amid 'Sustained' AI Demand, Oppenheimer Says
PREMIUM
MT Newswires 13 hours ago
NVDA
-2.12%
Eli Lilly Says Tirzepatide 'Significantly' Decreases Diabetes Progression Risk

Eli Lilly Says Tirzepatide 'Significantly' Decreases Diabetes Progression Risk
PREMIUM
MT Newswires 15 hours ago
LLY
Home Prices Largely Flat in July For Second Straight Month, Redfin Says

Home Prices Largely Flat in July For Second Straight Month, Redfin Says
PREMIUM
MT Newswires 14 hours ago
RDFN
Wells Fargo Divesting Non-Agency Third-Party Commercial Mortgage Servicing Business to Trimont

Wells Fargo Divesting Non-Agency Third-Party Commercial Mortgage Servicing Business to Trimont
PREMIUM
MT Newswires 16 hours ago
WFC
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Housing

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California Munis for Police, Teacher Housing Show Cracks

California Munis for Police, Teacher Housing Show Cracks
Bloomberg 10 hours ago
Toll Sees Solid Demand for Luxury Homes as Mortgage Rates Fall

Toll Sees Solid Demand for Luxury Homes as Mortgage Rates Fall
Bloomberg 12 hours ago
TOL
At DNC, mayors discuss the need for affordable housing

At DNC, mayors discuss the need for affordable housing
HousingWire 16 hours ago
Lowe’s Cuts Guidance on Soft DIY Spending, Housing Market

Lowe’s Cuts Guidance on Soft DIY Spending, Housing Market
Bloomberg 19 hours ago
LOW
Wells Fargo to sell its non-agency third-party Commercial Mortgage Servicing business to Trimont

Wells Fargo to sell its non-agency third-party Commercial Mortgage Servicing business to Trimont
Reuters 19 hours ago
WFC
Singapore Adds Public Housing Curbs to Boost Affordability

Singapore Adds Public Housing Curbs to Boost Affordability
Bloomberg yesterday
SVLPF
Is housing inventory growth finally slowing?

Is housing inventory growth finally slowing?
HousingWire yesterday
‘Exorbitant’ Housing Costs Weighing on Democrats Spur Harris’ $25,000 Tax Credit Act

‘Exorbitant’ Housing Costs Weighing on Democrats Spur Harris’ $25,000 Tax Credit Act
Bloomberg 3 days ago
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Personal Finance

College textbooks often cost a pretty penny. Learn more about the best ways to pay for them, and if using a credit card is a good idea.

Should you use a credit card to pay for college textbooks?
Yahoo Personal Finance 10 hours ago
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Tech

(Bloomberg) -- China’s tech stocks slumped on concerns over the country’s consumption outlook after Walmart Inc. sold its stake in JD.com Inc. and some key players posted poor earnings. Most Read from BloombergThe Serious Work That Free Play Can Do‘Train Lovers’ Organize to Support Harris and Walz in Presidential BidPart of Downtown Montreal Is Flooded After Water Pipe BreaksClimate Disasters Are an Affordable Housing ProblemThe Hang Seng Tech Index lost 1.8% in Hong Kong, pushed lower by an 8.7

JD.com, Kuaishou Sink China Tech Stocks as Walmart Sells Stake
Bloomberg 22 minutes ago
JD
JDCMF
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Crypto

China is closely monitoring the use of virtual assets in money laundering activities, according to the country's highest court, in a move that legal experts say could increase the risk of prosecution for trading cryptocurrency on the mainland. Using virtual assets to transfer or convert criminal proceeds is among a range of money laundering methods that violate China's criminal law, according to a judicial interpretation published on Monday by the Supreme People's Court and the main agency respo

China's money laundering crackdown heightens risk for crypto investors, USDT traders
South China Morning Post 4 minutes ago
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