EMRG

Wall Street ends sharply, hit by Apple and China worries

Cyber ​​Monday spending to hit $11.6 billion – report Crypto shares fall on BlockFi bankruptcy filing Biogen down after death in Alzheimer’s drug trial Indexes end: S&P 500 -1.54%, Nasdaq -1.58%, Dow -1.45% Nov 28 (Reuters) – US stocks ended sharply lower on Monday after protests in major Chinese cities against strict COVID-19 policies sparked …

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China’s industrial profits drop further as COVID woes take toll on economy

Jan-Oct industrial profits -3.0% yr/yr vs -2.3% in Jan-Sept Risks from domestic COVID outbreaks and global recession flagged BEIJING, Nov 27 (Reuters) – China’s industrial firms saw overall profits decline further in the January-October period as COVID-19 outbreaks flared up and cities imposed new virus curbs, including targeted lockdowns, dampening economic activity. Industrial profits fell …

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Dollar rises, yuan slumps as China’s COVID unrest spooks markets

SINGAPORE, Nov 28 (Reuters) – The dollar climbed on Monday as protests in China against the government’s anti-COVID policies made investors turn away from riskier assets, and consigned the Chinese yuan to a more than two-week low against the safe-haven greenback. The protests have flared across China and spread to several cities in the wake …

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Comments from market watchers on the COVID-19 protests in China

Nov 28 (Reuters) – As anger over China’s strict zero COVID-19 policy intensifies, residents in some major cities took to the streets at the weekend, clashing with police over restrictions that have taken a heavy toll on the economy and people’s freedoms. In rare scenes of open dissent, some have called for Chinese President Xi …

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Kyiv mayor punches back at Ukraine president’s criticism

Nov 27 (Reuters) – The mayor of Kyiv, former professional boxer Vitali Klitschko, hit back on Sunday at criticism by Ukraine’s president over measures to help residents withstand power cuts, describing disputes as “senseless” amid Russia’s military campaign. Klitschko said 430 “warming centres” were helping residents cope with the effects of Russian attacks on power …

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Nasdaq ends down as investors eye Black Friday sales, China infections

Retailers in focus as Black Friday sales start Activision down on likely FTC lawsuit to block Microsoft deal Apple slips, Foxconn China plant sees lower shipments Indexes: Dow up 0.45%, S&P 500 down 0.03%, Nasdaq down 0.52% Nov 25 (Reuters) – The Nasdaq closed lower on Friday with pressure from Apple Inc (AAPL.O) in a …

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Many shoppers can’t find Apple’s latest iPhones on Black Friday

BETHESDA, Md./NEW YORK, Nov 25 (Reuters) – Many shoppers looking for Apple’s (AAPL.O) latest high-end phones returned empty handed from its stores this Black Friday as the technology company struggles with production snafus in China. Among them were Sally Gannon and her son Michael, who were visiting an Apple store in Bethesda, where they found …

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In rare public spat, Zelenskiy criticises Kyiv mayor over emergency centres

Nov 25 (Reuters) – In a rare public spat involving Ukrainian leaders, President Volodymyr Zelenskiy on Friday criticized the mayor of Kyiv for doing what he said was a poor job setting up emergency shelters to help those without power and heat after Russian attacks. In the wake of crushing Russian missile strikes against the …

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