Alibaba shares rises more than 2% in early trading
China's two online giants Alibaba Group Holding Ltd and Tencent Holdings Ltd are gradually considering opening up their services to each other, according to a Wall Street Journal report on Wednesday.It comes days after China's crackdown on a number of technology companies with overseas listings including Didi Chuxing, Tencent and Alibaba.Both Alibaba and Tencent are working on new plans separately to loosen up restrictions including introducing Tencent's WeChat Pay to Alibaba's e-commerce market
Is the Stock Market Open or Closed on Independence Day?
Independence Day in the U.S. is for many a picnic-and-beach day. But July 4 this year falls on a Sunday, which in the United States isn't a trading day.So will the major markets open or close for the holiday?The New York Stock Exchange and the Nasdaq will, in fact, be closed on Monday, July 5, to celebrate Independence Day.It's one of nine full-closing daysfor the stock market this year.For instance, the stock market will close for Thanksgiving on Thursday, Nov. 25. On Friday, Nov. 26, trading i
Wall Street analysts predict these stocks will be top outperformers in the second half
The second half of 2021 is nearing and there’s a plethora of stocks set to rally, Wall Street analysts said this week.The recovery and reopening presents a rare buying opportunity for investors, the analysts wrote.CNBC Pro combed through the most recent Wall Street research to find some of the best positioned stocks as the second half approaches.It’s going to be a blockbuster fall in more ways than one for the China-based video game company, according to Morgan Stanley.“History hints at outperfo
Yeah... Tesla investors might get preferential treatment to buy shares of SpaceX-owned Starlink if SpaceX
Why Tesla stock is getting left in Ford's and GM's dust
New York Tesla had a stellar 2020: The electric car maker was added to the S&P 500 and the stock surged an electrifying 743%. But some investors have pulled the plug on the company lately.Tesla shares are nearly 25% below their all-time high set earlier in the year, and down 2% for 2021 to date -— a time when traditional automakers are surging as they ramp up electric vehicle ambitions.It seems investors are a bit infatuated with these legacy Big 3 automakers as they look to rapidly expand thei