Alibaba, Nio, Tencent and other Chinese stocks rise

Alibaba, Nio, Tencent and other Chinese stocks rise

Chinese stocks rose on Monday as investors remained optimistic that coronavirus rules would be eased, despite repeated messages from authorities that China would stay the course with “zero Covid” policies. Major U.S.-listed Chinese stocks were higher in premarket trade, with Ali Baba (ticker: BABA) rises 1.5%, JD.com (JD) 2% in the green, Tencent (700.HongKong) climbing … Read more

Fox recorded higher revenues as political ads rolled in

Fox recorded higher revenues as political ads rolled in

Fox corp. FOX 5.18% Executive Chairman and CEO Lachlan Murdoch touted the value of scale on a call with analysts on Tuesday to discuss results for the company’s most recently completed quarter. “Our peers are getting bigger,” said Mr. Murdoch. Scale, he added, provides flexibility in many ways. Mr. Murdoch made his comments about the … Read more

Penguin Random House blocked from acquiring rival publisher Simon & Schuster

Penguin Random House blocked from acquiring rival publisher Simon & Schuster

Penguin Random House sought to acquire Simon & Schuster for about $2 billion. Photo: Justin Sullivan/Getty Images A federal judge on Monday blocked Penguin Random House from acquiring rival book publisher Simon & Schuster for about $2.18 billion, agreeing with the Justice Department that the planned merger would unlawfully lessen competition. (More to come) Write … Read more

Penguin Random House stands by the plan to publish Amy Coney Barrett’s book

Penguin Random House stands by the plan to publish Amy Coney Barrett’s book

Penguin Random House said Monday it is committed to publishing an upcoming book by Supreme Court Justice Amy Coney Barrett despite a dissenting online open letter that has garnered more than 600 signatures, including many from the publishing world. The letter, which asks Penguin Random House to reconsider its decision to publish the book, claims … Read more

New York Post website and Twitter account hacked

New York Post website and Twitter account hacked

The New York Post has removed the posted content, which a spokeswoman called disgusting and objectionable. Photo: AFP via Getty Images Updated October 27, 2022 at 12:37 PM ET The New York Post’s website and Twitter account were hacked Thursday morning. A spokeswoman for the New York Post confirmed the hack and later said the … Read more

Warner Bros. Discovery names two superhero veterans to lead DC Studios

Warner Bros.  Discovery names two superhero veterans to lead DC Studios

Warner Bros. Discovery Inc. WBD 2.96% has tapped the veteran director-producer team of James Gunn and Peter Safran to lead DC Studios, the film franchise that includes a stable of valuable superhero properties including Superman, Batman, Wonder Woman and Aquaman. Mr. Gunn and Mr. Safran will serve as co-chairmen and co-chief executives of the studio … Read more

Nio shares dip below $10, Alibaba hits 6 1/2-year low as Xi’s power move fuels fears

Nio shares dip below $10, Alibaba hits 6 1/2-year low as Xi’s power move fuels fears

US-listed shares of China-based companies were shaken on Monday as Chinese President Xi Jinping’s move to consolidate power fueled fears that current policies that have led to a slowing economy will continue. Chinese leader Xi was named over the weekend to a third five-year term as general secretary, ignoring the custom of stepping down after … Read more

Superhero film ‘Black Adam’ revives weekend box office

Superhero film ‘Black Adam’ revives weekend box office

“Black Adam,” the latest superhero film from Warner Bros. Discovery Inc.’s WBD 4.41% DC Films studio, opened to $67 million in domestic box office sales, the studio said, leading the North American box office total to its first weekend above $100 million since July. The film also represents the best opening weekend ever for a … Read more

Nasdaq freezes Chinese small-cap listings after price rises

Nasdaq freezes Chinese small-cap listings after price rises

The Nasdaq stock exchange has quietly halted IPOs by small Chinese companies, suspended approval letters and demanded more information about related parties in trades, after a series of rapid runs – and dramatic collapses – in IPOs this year. Shares of more than 20 newly listed companies have risen over 100% on their first day … Read more

Buy BP and Exxon Stock. They have a surprisingly green future.

Buy BP and Exxon Stock.  They have a surprisingly green future.

Just two years ago, the world’s giant oil producers seemed to be going the way of the typewriter industry. Nobody wanted oil – the price of a barrel fell below zero early in the pandemic. Exxon Mobil stock crashed hard and was dumped from the Dow Jones Industrial Average after 92 years. It began to … Read more