Justin Emerson
News Writer
Discover our authors
Chief Editor
Junior Analyst
News Writer
Analyst
Economist
China Vanke under scrutiny
China has urged state-owned banks to step up their financial support for property developer China Vanke and invited creditors to consider extending private debt maturities. According to those in the know, this is an exceptional intervention by the central government to come to the aid of an ailing real estate company.
March 11, 2024 at 10:26 am EDT
Tesla goes off script
Tesla shares plunged more than 7% on Wall Street yesterday, following poor sales figures in China. The group had its worst month since the end of 2022. Fierce competition in the field of electric vehicles and the reluctance of drivers to embrace the technology are overshadowing the good story.
March 05, 2024 at 06:10 am EST
New York Community Bancorp: New carnage in sight
Things are getting tougher for New York Community Bancorp. The regional bank fell sharply at the beginning of the year, but seemed to have contained the fire. However, the bank just announced the discovery of shortcomings in its internal control procedures and the resignation of its CEO. The stock fell by 25% in after-hours trading.
March 01, 2024 at 10:31 am EST
Novo Nordisk doesn't disappoint
The Danish laboratory anticipates another year of robust double-digit growth in sales and operating profit, while beginning to ease restrictions on the supply of its popular weight loss drug, Wegovy. Initial trading after the publication was positive.
January 31, 2024 at 10:48 am EST
- Stock Market
- Our authors
- Justin Emerson