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Read previewChina's exports are booming, but profits could be under pressure, recent data from the country showed. China's exports rose 8.7% in August from a year ago to nearly $309 billion — a two-year high, official data showed on Tuesday. Imports, meanwhile, edged up by just 0.5% in August from a year ago — a sign that domestic demand was still weak. While China's robust exports have been supporting the country's flagging economy amid weak demand, data suggest that exporters have been slashing prices to stay competitive — a trend some economists have flagged. Meanwhile, official data released on Monday showed China's Producer Price Index — which measures the price of goods at the factory gate — falling 1.8% from a year ago.
Persons: , it's Organizations: Service, Reuters, Business, PPI, Bank of America, European Union Locations: China, Beijing
In a report aired on Sunday, the broadcaster spoke to wolfberry farmers and merchants in a region spanning 14 towns in Jingyuan County, Gansu Province. Sodium metabisulfite is sometimes used in food preservation but is prohibited in the local wolfberry industry, state media reported. The practice had become so common that workers spoke of it as an industry standard, the outlet reported. Since his early days as China's top leader, Xi Jinping has promised to crack down on food safety breaches, saying they're central to how people perceive the government. Allegations of excessive sulfur fumigation in the Chinese traditional-medicine industry have surfaced before, leading retailers to often sell wolfberries and other products as "sulfite-free."
Persons: , wolfberries, That's, Xi Jinping Organizations: Service, Business, CCTV, Food, Committee, Beijing Locations: Jingyuan County, Gansu Province, Golmud, Qinghai Province, West, China, Jingyuan,
Seoul, South Korea CNN —South Korea’s badminton gold medalist An Se-young envisioned a glorious return from Paris, popping open a bottle of champagne with the coveted medal around her neck. The country was busy celebrating her triumph, until the athlete began calling out alleged mistreatment that she said she had endured for seven years, when she joined the national team. “I was so disappointed,” An said of the national team, accusing it of poorly managing her injuries. South Korea’s badminton team won An’s gold medal in women’s singles and a silver in mixed doubles in Paris. Alex Pantling/Getty ImagesIn Paris, the country had four badminton coaches in addition to head coach Kim who supervised all of Korea’s badminton matches — men’s and women’s singles, men’s doubles, women’s doubles and mixed doubles.
Persons: peppering, , China’s, , Ahn Young, Li, ning, ning China Masters, Kim Hak, Yonhap, Alex Pantling, Kim, Shim Suk, I’ve Organizations: South Korea CNN, Korean Badminton Association, Olympics, South, La Chapelle Arena Court, Hangzhou Asian Games, Incheon International Airport, Samsung Life, Kumamoto Masters Japan, ning China, News Agency, Investigations, Culture, Tourism Ministry, Games, Korea Sport Locations: Seoul, South Korea, Paris, South, South Korean, Hangzhou, Incheon, Kumamoto, Eastern, Korea
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAB InBev CEO Michel Doukeris on global demand: We have a resilient strategy for all occasionsAnheuser-Busch InBev CEO Michel Doukeris joins 'Squawk Box' to discuss the company's quarterly earnings results, state of the consumer, global demand outlook, weakening China demand, Olympic sponsorship, and more.
Persons: Michel Doukeris Organizations: Email, Anheuser, Busch InBev, Olympic Locations: China
Comparable group sales rose 2% to 4.5 billion euros ($4.88 billion), as demand in North America held strong, even as China sales dipped. Shares of Dutch device maker Philips jumped more than 10.5% in early deals Monday after the company reported better-than-expected second-quarter earnings. CEO Roy Jakobs told CNBC that he was encouraged by the "robust" second-quarter results, adding that he had "strong confidence" that the company would meet its full-year guidance of comparable sales growth of 3-5%. The company reported a number of cost savings over the period, including productivity savings of 195 million euros across operating model savings of 57 million euros, procurement savings of 71 million euros, and other programs' savings of 67 million euros. Jakobs said the settlement brings "finality" to the U.S. case, and will allow the company to return its focus to innovation.
Persons: Philips, Roy Jakobs, Jakobs Organizations: CNBC, Philips, Reuters, U.S Locations: North America, China, London
Orban, a nationalist in power since 2010, made the comments during a speech in which he forecast a shift in global power away from the “irrational” West towards Asia and Russia. “In the next long decades, maybe centuries, Asia will be the dominant centre of the world,” Orban said, mentioning China, India, Pakistan and Indonesia as the world’s future big powers. “The EU needs to give up its identity as a political project and become an economic and defence project,” Orban added. The EU opened membership talks with Ukraine late last month, although a long and tough road lies ahead of the country before it can join the bloc. A declaration at the end of the NATO summit this month said the alliance will support Ukraine on “its irreversible path” towards membership.
Persons: Viktor Orban, Orban, ” Orban, Organizations: Reuters, European Union, NATO, , EU, Ukraine Locations: Hungarian, Ukraine, Asia, Russia, China, India, Pakistan, Indonesia, Baile Tusnad, Romania, Beijing, Moscow, Kyiv, Crimea, EU
In today's big story, we're looking at why reports of more potential trade restrictions have chip companies on their heels . Trade restrictions are certainly real concerns for chip companies. AdvertisementThe supply-chain base for most of the chip industry is in Taiwan, specifically TSMC. Politicians and regulators have no interest in making American AI companies less competitive and demand is still extremely high. With so much geopolitical tension, is it possible the chip industry becomes more regionalized?
Persons: , Dan Schneider's, Rebecca Zisser, Joe Biden, Insider's Kelly Cloonan, Biden, chipmakers, Trump, Emma Cosgrove, It's, Marianne Ayala, aren't, Dan Ives, influencers, Donald Trump, JD Vance, Tyler Le, Elon Musk, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Annie Smith, Amanda Yen Organizations: Service, Dan Schneider's Nickelodeon, Business, Nvidia, AMD, Bloomberg, China, YouTube, JPMorgan, Apple, Republican National Convention, Netflix Locations: China, Netherlands, Taiwan, Texas, California, New York, London
Record high gold prices are in the spotlight — but it's really the yellow metal's poorer cousin, silver, that's outperforming in the price rally. Spot silver prices have gained 35% this year-to-date to 12-year-highs. In comparison, spot gold prices are at around $2,350 per ounce, but have just gained 14% so far this year. Silver is used in solar panels and also in general industryIn particular, silver is a key raw material for solar panels. Other than solar panels, silver is also used in electronics, as catalysts in industrial processes, and in car parts.
Persons: Morgan Stanley, Daniela Hathorn, Hathorn, Silver, overcapacity Organizations: Service, Business, Bloomberg, East, Global, Silver Institute Locations: China, West, Europe, Beijing
Read previewWestern countries are lining up to call out China for its barrage of cheap exports that are flooding the world's markets. "We will continue to monitor the potential negative impacts of overcapacity and will consider taking steps to ensure a level playing field, in line with World Trade Organization (WTO) principles." China pushes back on criticism, industrial profits rose in AprilBeijing has consistently resisted the West's criticism that it is dumping cheap goods on the world market. Chinese authorities say the West's accusations are protectionist and aimed at containing China's economic growth. In April, profits at China's industrial companies rose 4% from a year ago, reversing a drop in March, according to official statistics released on Monday.
Persons: , Janet Yellen, Olaf Scholz, Bruno Le Maire, Yu Weining, Joe Biden, Biden, Josh Lipsky, Lipsky Organizations: Service, Business, EU, Bloomberg, World Trade Organization, China's Commerce Ministry, European Commission, International Monetary Fund Locations: China, France, Stresa, Italy, Beijing, United States
That’s scary.” If Trump is elected, Jörg is convinced, he would withdraw American troops from Europe and stop aid to Ukraine. Jim Bourg/AFP/Getty ImagesSix months ahead of the vote, this soccer field conversation reflects the German view of the US elections quite well. Kirill Kudryavtsev/AFP/Getty ImagesIt’s an optimistic view, based on the assumption that Trump will act rationally, as a deal-maker, if elected. What if Trump tries to take America out of NATO or creates a “dormant NATO,” a NATO existent only in name? Another Trump presidency would not only put Germany’s security at risk, but also manifest this view of the US for another four years.
Persons: Thomas Ernst Editor’s, Anna Sauerbrey, Read, , , Jörg, Miguel, Donald Trump, , “ Trump, Trump, “ I’m, Piero, Joe Biden, Jim Bourg, Europe’s, Russia “, Olaf Scholz, Michael Kappeler, ” Scholz, mums, Annalena Baerbock, Greg Abbott, Biden, Kirill Kudryavtsev, George H, Bush’s, Barack Obama, Obama, Heinz M, Schahina Gambir, Gambir, Roe, Wade, Bob Parent Organizations: Zeit, Berlin CNN —, Köpenicker FC, CNN, Biden, Trump, Getty, NATO, Republican, European Union, European Central Bank, EU, , Dallas Mavericks, Mavericks, LA Clippers, NBA, Green, Bundestag Locations: Berlin, America, Taiwan, Europe, Ukraine, Italy, AFP, Gaza, Germany, Russia, United States, Trump, Texas, China, Poland, France, Frankfurt, Kabul, New York City, New York
Chinese state media played up the warm diplomacy, with headlines proclaiming China’s “ironclad” bond with Serbia and “golden friendship” with Hungary. Both are sure to closely watch any summit between Xi and Russian President Vladimir Putin in China, expected to happen soon. Chinese leader Xi Jinping is welcomed at the airport in Belgrade on May 7 for his two-day state visit. Xi also marketed a shared worldview during his meeting with Orban in Hungary, which is a member of both the EU and NATO. Chinese leader Xi Jinping talks with Hungarian Prime Minister Viktor Orban in Budapest on May 9.
Persons: Xi, Peng Liyuan, Aleksandar Vucic, Viktor Orban, China’s, Vucic, Orban –, Emmanuel Macron, Ursula von der, Vladimir Putin, Orban, Hungary “, ’ ”, Philippe Le Corre, , Putin, Le Corre, Xi Jinping, Dimitrije Goll, Xi’s, Serbia’s Vucic, ” Vucic, Bruno Le Maire, BYD, Liu Dongshu, Vivien Cher Benko, Tamas Matura, Mark Rutte, Olaf Scholz, Matura, Von der, “ Orban, Gabor Scheiring Organizations: Hong Kong CNN, Russia, Ukraine, China, Europe …, Asia Society, Center for, Forum, Anadolu, Getty, EU, NATO, , Xi, Hong Kong’s City University ., Hungarian, Central, Dutch, Georgetown University Locations: Hong Kong, France, Ukraine, China, Belgrade, Budapest, Paris, Serbian, Hungarian, Serbia, Hungary, Europe, Russia, Russian, , Europe … Hungary, Center for China, Beijing, United States, EU, Hong, Central, Eastern Europe, Eastern, Moscow, Qatar, “ Hungary
Chinese and Russian entitles have also been working jointly to produce drones inside of Russia, one of the officials said. And Russia’s rapidly expanding production of artillery rounds is due, in large part, to the nitrocellulose coming from China, officials said. The support from China is compensating for the significant setbacks that Russia’s defense industry experienced early in the Ukraine war due to US sanctions and export controls. The US has not seen any interruption to the ongoing Chinese support since that Biden-Xi phone call, though sometimes it takes time to see changes come to fruition. Earlier this month Treasury Secretary Janet Yellen delivered China a warning of “significant consequences” if Chinese companies provide support to Russia for the Ukraine war during her trip to the country.
Persons: , Chris Cavoli, Joe Biden, Xi Jinping, Antony Blinken, Biden, Xi, Vladimir Putin, Janet Yellen, Katie Bo Lillis Organizations: CNN, Ukraine, Biden, People’s, European Command, Russia Locations: China, Russia, Moscow, Ukraine, Kyiv, , People’s Republic of China, reconstituting, Europe
U.S. President Joe Biden attends a bilateral meeting with Chinese President Xi Jinping at Filoli estate on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit, in Woodside, California, U.S., November 15, 2023. REUTERS/Kevin LamarqueThe Biden administration this week sent several signals of a toughening U.S. economic strategy against China. Earlier in the week, Treasury Secretary Janet Yellen delivered tougher economic red lines on a visit to China. China has so far denied the overcapacity accusation as "groundless" and fired back that the U.S. is threatening protectionist trade policies to stifle global competition. "It remains unclear what this relationship will endure in the months and years ahead," Yellen said at a press conference in Beijing on Monday.
Persons: Joe Biden, Xi Jinping, Kevin Lamarque, Biden, Fumio Kishida, Kishida, Janet Yellen, Yellen, CNBC's Sara Eisen, Republican Donald Trump Organizations: Economic Cooperation, REUTERS, China, Japanese, U.S ., Biden, EU, U.S, Republican Locations: Filoli, Asia, Woodside , California, U.S, Washington, Japan, China, United States, Beijing
Read previewAt the start of the year, Elon Musk issued a clear warning about who he thought posed the biggest challenge to Tesla's electric vehicle ambitions: Chinese EV makers. Kyle Chan, a postdoctoral research associate at Princeton, recently drew attention to how Xiaomi's EVs have been made with machines similar to the "giga press" machines Tesla uses in its die-casting process. AdvertisementWhen Tesla entered China, it helped Chinese firm LK Group develop the world’s largest casting machines to make Tesla parts. Later, LK sold similar casting machines to 6 Chinese firms, likely automakers. However, LK's die-casting expertise was no longer limited to Tesla after 2022, as the company was reported to have struck deals with six other Chinese companies to supply casting machines to them.
Persons: , Elon Musk, Tesla, Musk's, Lei Jun, Xiaomi, Kyle Chan, Chan, LK, pWQsy2KC7d — Kyle Chan, Liu Siong, Tesla's, LK's, there's Organizations: Service, Business, EV, Xiaomi, Princeton, Group, New York Times, Tesla, LK Group, giga Locations: Beijing, China
Hong Kong CNN —Lin Qi, a billionaire fan of “The Three-Body Problem,” had big plans to bring his favorite Chinese sci-fi novel to TV, cinema and video-game screens across the world. Xu was sentenced to death for murder by a court in Shanghai on March 22 - the day after the much-anticipated debut of “3 Body Problem” on Netflix. 3 Body Problem. Soon, he was sidelined, with key projects handed to another executive, Zhao Jilong, one of the executives who would later have his drinks poisoned by Xu, according to Caixin. When Netflix announced its adaptation project of “The Three-Body Problem” in September 2020, Lin and Zhao were listed as executive producers, with Xu’s name conspicuously missing.
Persons: Hong Kong CNN — Lin Qi, , Lin, Lin’s, Xu Yao, Xu, Caixin, John Bradley, Jack Rooney, Jess Hong, Jin Cheng, Mark Gatiss, Isaac Newton, Reece Shearsmith, Alan Turing, Jenson Cheng, Kublai Khan, Netflix Xu, China’s, Liu Cixin, Zhao Jilong, Zhao, Yoozoo, “ Xu Yao’s Organizations: Hong Kong CNN, , Netflix, Lin’s Yoozoo, Yoozoo Games, Phoenix News Locations: China, Hong Kong, Shanghai, pufferfish, Japan, France, United States
China may act "even more" aggressively and unpredictably thanks to its domestic problems, US intel said. China's demographic issues, as well as economic challenges, put its leadership and military in difficult positions. US intel suggested China's global leadership and military ambitions are meeting resistance. AdvertisementAs China grapples with mounting domestic challenges, its already concerning behavior on the world stage may become even more aggressive and unpredictable, according to US intelligence. "China's serious demographic and economic challenges may make it an even more aggressive and unpredictable global actor," the threat assessment said.
Persons: , Xi Jinping, Yang Jie, That's Organizations: intel, Service, US Intelligence Community, National Intelligence, Pentagon, People's Liberation Army Navy, Getty, Democratic Progressive Party's, East China, East China Seas, Liberation Army, Chinese Communist Party, CCP, Force Locations: China, United States, China's, Zhanjiang, Guangdong Province, Xinhua, Taiwan, Beijing, South, East, East China Seas, Philippine, PRC, People's Republic of China, Hefei, Anhui province, COVID
Then-US President Donald Trump and his wife Melania with Chinese leader Xi Jinping and his wife Peng Liyuan at Beijing's Forbidden City in 2017. “If this decoupling is carried out by Trump 2.0 in a very forceful way, the impact on China is going to be very severe. But experts say China’s business and official sectors are likely already considering contingency plans. Chinese leader Xi Jinping and Russian President Vladimir Putin leave a reception following talks at the Kremlin in March 2023. “Whoever wins – the structure of (US) confrontation, competition, pressure to China are still there,” he said.
Persons: Joe Biden, Xi, Donald Trump, didn’t, , Biden, Wang Yi, Trump, He’s, Trump’s, Brian Wong, ” Wong, Lintao Zhang, Obama, Melania, , Xi Jinping, Peng Liyuan, Xie Huanchi, he’s, , Bala Ramasamy, Shen Dingli, Premier Li Qiang, Ronald Reagan, “ Biden, Shen, ” Trump, skeptically, Vladimir Putin, Putin, Pavel Byrkin, Wong, it’s, Wang Yiwei Organizations: Beijing CNN —, Communist Party, Biden, Senior, Trump’s “, University of Hong Kong’s, Contemporary, House, oceanside, Trump, of, Forbidden, Huawei, Oxford Economics, China Europe International Business School, Premier, American, South Korea Navy, Asia –, Russia’s, NATO, Europe, Kremlin, Getty, South Korea –, White House, Renmin University Locations: China, Beijing, State, US, Russia, Communist, Contemporary China, Taiwan, Lago, City, Xinhua, Shanghai, Southeast Asia, Latin America, Europe, China's Qingdao Port, , Asia, Seoul, Tokyo, Ukraine, United States, AFP, Japan, South Korea, America, Washington, Hong Kong, South China
Overall, the MSCI Asia-Pacific index gained 11.8% for 2023, with the MSCI China index losing around 11%. Those interested in stock-picking rather than passive investing can look to Morgan Stanley's list of Asian stocks it calls "alpha" opportunities for February. India's Tata Consultancy , an IT services and consulting company, which was upgraded by Morgan Stanley to overweight in January, was named as another top idea. Morgan Stanley believes "resilient revenue, strong [earnings before interest and taxes] margins, and positive management commentary will likely sustain valuation premium if execution improves." These are some stocks from the full list of Morgan Stanley's top overweight-rated stocks for February.
Persons: Morgan Stanley's, Morgan Stanley, MediaTek, — CNBC's Michael Bloom Organizations: Investors, Nikkei, BSE, Alpha, Tata Consultancy Locations: Asia, China, India, Japan,
The cars come from BYD, the Chinese carmaker that is backed by Warren Buffett and has surpassed Tesla as the world’s biggest seller of electric vehicles (EVs). 1," a shipping carrier vessel intended to export BYD vehicles, at Yantai port in eastern China's Shandong province in January. BYD Mexico did not respond to a request for comment. “The US government is not going to like that Mexico is creating a back door.”A BYD electric vehicle, operated by Vemo taxi, in Mexico City in November. But as it continues to grow overseas, BYD will have to take a more localized approach, analysts say.
Persons: Warren Buffett, Tesla, BYD, Viktor Orbán’s, Yucatán, what’s, Elon Musk, Tu Le, carmaker, Hungary —, Matthias Schmidt, , , Schmidt, Bill Russo, it’s, Le, Mariceu Ethrall, It’s, “ It’s, ‘ We’re, ’ ”, Stella Li, México, ” Li, Wang Chuanfu, BYD “, Russo, they’ve, ” Russo Organizations: Hong Kong CNN, Xinhua, Getty, CNN, Tesla, BMW, Audi, European Union, Schmidt Automotive Research, EV, European Commission, Bloomberg, BYD, El Locations: Hong Kong, China, Europe, BYD, Shenzhen, Germany, Netherlands, Hungary, Mexico, North America, China's Shandong, Szeged, Komárom, France, Shanghai, Hungarian, United States, Canada, Mexico City, Mexican, Dutch, Rotterdam, California, Brazil, Indonesia, Thailand, Uzbekistan, Macao, Taiwan, Japan, what’s
BEIJING, Nov 27 (Reuters) - More than three million people took China's annual civil service exam on the weekend, state media reported on Monday, a record number that underscores young people's concerns about getting a secure job in a rocky economy. With stubbornly high youth employment in the world's second-largest economy, the prospect of a less glamorous career in the civil service is increasingly attractive as private sector job opportunities dwindle. "After all, the general environment is not good," one user of the Weibo social media platform said of economic prospects as posts about the civil service exam surged. The exam was held simultaneously in 237 cities across the country on Sunday, the state-run China Daily reported. The Global Times reported that the number of civil service jobs had increased for the past five years.
Persons: Chu Zhaohui, Bernard Orr, Robert Birsel Organizations: Weibo, Companies, China Daily, Global Times, China News Network, China National Academy of Educational, Thomson Locations: BEIJING, China, Beijing, Shanghai
That law, supported by Biden and congressional Democrats, created tax credits to boost domestic EV manufacturing. "The point is that they're manufacturing jobs, whether they be baskets or batteries." A Trump spokesperson pointed Reuters to a recent policy announcement in which the former president said EV manufacturing would harm workers. Biden's campaign pointed Reuters to a statement from Kevin Munoz, a campaign spokesman, who said Trump's plan would mean more Chinese EV manufacturing jobs and fewer American jobs. Still, Ciscomani, who did not respond to comment requests, has generally welcomed individual EV projects, and toured a local EV plant in August.
Persons: Rebecca Cook, Donald Trump, Ron DeSantis, Joe Biden, Biden, Trump, Mike Morey, SKDK, Andrew Reagan, Kirsten Engel, EVs, Jesse Williams, Joe, Anna Kelly, DeSantis, Kevin Munoz, Munoz, Brian Kemp, Wendy Davis, Engel, Juan Ciscomani, Ciscomani, Gram Slattery, Nichola Groom, Jarrett Renshaw, Alistair Bell Organizations: General Motors, Bolt, Orion Assembly, REUTERS, Rights, Florida, Democratic, Republican, EV, Power, Reuters, Democrats, Energy, America, Environmental Defense Fund, Biden, RMI, Republican Party, Trump, United Auto Workers, UAW, Republican National Committee, United States, Climate Power, League of Conservation Voters, Thomson Locations: Lake Orion , Michigan, U.S, Georgia , Arizona , Nevada, Michigan, Wisconsin , Pennsylvania, North Carolina, Michigan , Georgia, Arizona, America, North America, Decatur County , Georgia, China, South, United, Georgia, Rome , Georgia, Washington, Los Angeles
Meeting with President Biden for the first time in a year, China’s leader, Xi Jinping, reiterated his determination to unify with Taiwan, but stopped short of mentioning the potential use of force. He denounced what he called futile American efforts at containing China, but also acknowledged that U.S. tech restrictions had taken a toll. And he broadcast that China had global ambitions for its influence — while also trying to reassure the world that those ambitions did not have to lead to conflict with the United States. Mr. Xi wants to convince Washington, and the world, that he is willing to engage with the United States, in part to lure back foreign investment to bolster China’s ailing economy. But he also wants to demonstrate to the Chinese people that he strongly defended Beijing’s interests, and burnished its image as a world power on a par with the United States, not a secondary one making concessions.
Persons: Biden, Xi Jinping, Xi Locations: Taiwan, China, United States, San Francisco, Washington
Presently, this relationship faces more challenges than it has encountered in the past two decades. They must also rebuild the essential habits of cooperation to address the existential challenges that have arisen. However, this deep-rooted reliance underscores their vulnerability to disruptions and uncertainties in the ever-shifting landscape of U.S.-China relations. Such a shift toward stability isn't just beneficial for these corporations but stands to bolster the overall bilateral relationship between the two nations. The summit could be the final chance to stabilize the relationship, demonstrating to domestic audiences in both countries and global stakeholders that a workable, if not entirely ideal, management framework for China-U.S. relations is possible.
Persons: Joe Biden, Xi Jinping, John Kerry, Paul J, Richards, Xi, Biden, Antony Blinken's, Janet Yellen, Gina Raimondo, Chuck Schumer, Gavin Newsom's, Yellen, Dewardric McNeal Organizations: China, Department of State, AFP, Getty, Biden, Asia Pacific Economic Conference, U.S, APEC Summit, Apple, Nike, Caterpillar, Longview Global, CNBC Locations: Washington ,, United States, China, U.S, Taiwan, Bali ., California, Ukraine, Israel, Gaza, South China, San Francisco, China's, Francisco
He also lowered his price target by $6 to $120, implying just 3.9% upside from Tuesday's close. Analyst Shaun Kelley has a $40 price target on shares, implying shares could gain 11.4% from Tuesday's close. Rivian shares jumped more than 7% after the company increased its production forecast for the full year by 2,000 units to 54,000. Datadog shares have produced zero return over the past three years, Murphy noted, with shares down 9% since Oct. 15, 2020. UBS has a neutral rating on Apple and a price target of $190 per share, which implies upside of 4.5%.
Persons: Cowen downgrades Estee, TD Cowen, Estee Lauder, Oliver Chen, Chen, — Hakyung Kim, Shaun Kelley, Kelley, Goldman, Goldman Sachs, Neil Mehta, Mehta, There's, Colin Langan, Langan, Piper Sandler, Alexander Potter, Potter, Rivian, Mark Delaney, Morgan Stanley, Jonas, Mark Murphy, Murphy, David Vogt, Vogt, Fred Imbert Organizations: CNBC, Tech, UBS, JPMorgan, Revenue, Asia, Bank of America, Industry, Mehta ., Wall Street, Rivian, pullbacks, Pro, Pro Max, Apple Locations: China, Asia Pacific, Europe, Middle East, Africa, Tuesday's, U.S
BEIJING, Nov 7 (Reuters) - Three people were killed and one injured after a structural collapse at a fitness club in northeast China's Heilongjiang province, local officials said on Tuesday. According to a local resident, the collapsed gymnasium is a basketball arena where youth basketball training is held, Global Times reported late Monday. The venue where the accident occurred belongs to the New Sunshine Fitness Club in Huanan County, according to the county government. 34 Middle School gymnasium collapsed in July," said a netizen on China's Weibo social media platform. Another gymnasium collapse occurred in three months."
Persons: Bernard Orr, Ella Cao, Gerry Doyle Organizations: Government, Global Times, Sunshine Fitness, New Sunshine, Authorities, Weibo, Thomson Locations: BEIJING, China's Heilongjiang, Jiamusi city, Huanan County, Shanghai, New, Heilongjiang, China's Qiqihar
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