Twitter, SeaWorld, Shopify and more

Twitter, SeaWorld, Shopify and more

Check out the companies making headlines before the bell: Twitter (TWTR) – Twitter rose 1.5% in premarket action after Elon Musk detailed $7.2 billion in financing commitments for his deal to buy the company. An SEC filing shows Oracle co-founder Larry Ellison and investor Ron Baron are among those committing funds. SeaWorld (SEAS) – The … Read more

Stock futures are lower after big market reversal to start May

Stock futures are lower after big market reversal to start May

US stock futures moved lower Monday night after the major averages staged a big reversal to start the month. Dow Jones Industrial Average futures fell 59 points, or 0.2%. S&P 500 and Nasdaq 100 futures dipped 0.2% and 0.3%, respectively. Earlier in the day, the major averages posted a wild up-and-down session with the Nasdaq … Read more

Huawei’s first quarter revenue tumbles as smartphone sales plunge

Huawei’s first quarter revenue tumbles as smartphone sales plunge

Huawei’s smartphone business has struggled under US sanctions that restrict it from buying chips and other components from key suppliers. Costphoto | Future Publishing | Getty Images BEIJING — Chinese telecommunications giant Huawei announced Thursday that first quarter revenue fell by nearly 14% from a year ago, while its profit margin more than halved. “Our … Read more

Workers in Shanghai struggle to get back to work

Workers in Shanghai struggle to get back to work

Tesla’s Shanghai factory was “back up and running” as of Wednesday, according to CEO Elon Musk’s comments during a quarterly earnings call, per a StreetAccount transcript. This picture shows the factory on the outskirts of Shanghai in July 2021. Vcg | Visual China Group | Getty Images BEIJING — Foreign businesses are struggling to bring … Read more

Chinese EV maker Nio says it’s gradually resuming production after Covid halt

Chinese EV maker Nio says it’s gradually resuming production after Covid halt

In February 2020, Nio got a lifeline of financing support led by the government of Hefei city, where the electric car start-up has established its China headquarters. Qilai Shen | Bloomberg | Getty Images BEIJING — Chinese electric car company Nio said Thursday it is gradually resuming production at a facility several hours’ drive west … Read more

What European businesses face with China’s zero-Covid policy

What European businesses face with China’s zero-Covid policy

Shanghai, home to the world’s largest container shipping port, began a two-part lockdown on March 28 and has yet to announce when restrictions will lift. Yang Jianzheng | Visual China Group | Getty Images BEIJING — China’s Covid controls have disrupted supply chains and stressed the daily life of workers, primarily in Shanghai and Shenyang, … Read more

Twitter, Spirit Airlines, Tilray and more

Twitter, Spirit Airlines, Tilray and more

Check out the companies making headlines before the bell: Twitter (TWTR) – Twitter fell 1.5% in premarket trading, potentially breaking a three-day win streak that has seen it gain nearly 32%. Elon Musk – now Twitter’s largest shareholder – changed the type of SEC filing regarding his share purchase to show it was not “passive.” … Read more

Micron, Lululemon, HR and more

Micron, Lululemon, HR and more

The headquarters building of Micron Technology Inc. stands in Boise, Idaho, US Matthew Staver | Bloomberg | Getty Images Check out the companies making headlines in extended trading. Micron — Shares of the chip maker advanced more than 4% after hours, after the company reported financial results for its most recent quarter. Micron beat Wall … Read more