china stock market news

GM Takes $5 Billion Hit From China Business

GM signals more trouble for China’s auto market with $5 billion-plus in impairment charges and write-downs

General Motors Co.’s stock slid 2.9% early Wednesday as the auto giant’s joint-venture in China booked more than $5 billion in impairment charges and write-downs in the face of competitive price wars in that market.

Bloomberg on MSN · 5h

GM Sees $5 Billion Hit to Restructure Troubled China Business

General Motors Co. will incur more than $5 billion in charges and writedowns tied to its troubled operations in China as the automaker tries to salvage its once-profitable business in the world’s largest car market.

Wall Street Journal · 9h

GM Takes $5 Billion Hit From China Business; Stock Edges Lower

General Motors said it expects to incur more than $5 billion in impairment charges and write-downs this quarter because of weakness in its China business. Shares in the automaker, which are up almost 50% for 2024,

China, General Motors

Business Insider · 5h

General Motors is taking a $5 billion-plus hit on its operations in China

GM said it would write down the value of its joint venture with China's SAIC Motors by as much as $2.9 billion and incur restructuring charges.

LA Times on MSN · 1h

Losses in China lead to $5-billion charge for General Motors

The poor performance of General Motors' Chinese joint ventures is forcing the company to write down assets and take a restructuring charge.

Reuters on MSN · 2h

GM to take more than $5 billion in charges on China operations

General Motors told shareholders on Wednesday that it would record two non-cash charges totaling more than $5 billion on its joint venture in China, one related to the restructuring of the operation and another reflecting its reduced value.

China bans export of key minerals to U.S

YAHOO!Finance · 20h

MP Materials stock jumps as China bans export of rare minerals to US

MP Materials (MP) shares surged as China said it's banning the export of rare minerals to the US. Among the banned materials are those used for tech and defense products. Market Domination Hosts Julie Hyman and Josh Lipton took a closer look at the news moving markets.

UPI News on MSN · 1d

China bans exports of key materials to U.S. in retaliatory move

It military devices in a retaliatory move against the United States for its own curbs on Chinese tech applications on Tuesday.

U.S. News & World Report · 1d

China Bans Exports of Gallium and Other Key High-Tech Materials, Hitting Back at US Chip Sanctions

China has announced it is banning exports to the United States of gallium, germanium, antimony and other key high-tech materials with potential military applications

Wall Street inches higher to set more records

Houston Chronicle · 19h

Stock market today: Wall Street inches higher to set more records

U.S. stocks tiptoed to more records amid a mixed Tuesday of trading, tacking a touch more onto what’s already been a stellar year so far. The S&P 500 edged up by 2 points, or less than 0.1%, to set an all-time high for the 55th time this year.

Las Vegas Sun · 1d

Stock market today: Wall Street hangs near its records

U.S. stocks are drifting around their records on Tuesday as Wall Street's white-hot rally lets off the accelerator. The S&P 500 was virtually flat in afternoon trading, a day after rising tech stocks helped it set an all-time high for the 54th time this year.

The Boston Globe · 1d

Stock market today: US markets quiet after another record; US-China trade relations falter further

The ratcheting up of trade restrictions comes as Trump has been threatening to sharply raise tariffs on imports from China and other countries.

China Market Update: November Electric Vehicle Sales Roar (Silently)

Asian equities were mixed overnight as South Korea underperformed in an unexpected political development, Taiwan and ...

2don MSN

Nvidia Stock Rises. What Trumps China Concerns.

Nvidia shares were down early on Monday as the chip sector digested more U.S. curbs on China's semiconductor sector.

2don MSN

Stock market today: Asian shares gain as China is boosted by strong factory orders

Shares have started the week higher in Asia, led by gains in China as monthly surveys showed improving conditions for ...

China Market Update: China Economic Work Conference Dates Announced

Asian equities had a strong day as Indonesia was up more than 2%, while Japan, Pakistan, South Korea, Taiwan, and Thailand ...

19m

AstraZeneca appoints new China head after long-standing executive detained

AstraZeneca has appointed a new head of its China business, after his predecessor Leon Wang was detained by authorities in the country as part of a crackdown on the healthcare sector.

China’s Stock Rally Faces Risk as Retail Enthusiasm Seen Cooling

Retail investors are cashing out from China’s exchange-traded funds, risking further market volatility if Beijing fails to ...

6don MSN

Retail Investors Are Key to Sustaining China’s Stock-Market Rally

Retail investors in China shied away from stocks as markets dropped in 2022 and 2023, but they’ve been roused awake this year ...

What's Happening With Nio Stock?

Chinese luxury electric vehicle maker Nio stock reported deliveries of 15,493 vehicles for November, marking an increase of ...

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GM Takes $5 Billion Hit From China Business

China, General Motors

China bans export of key minerals to U.S

Wall Street inches higher to set more records

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