Hot Chinese ADRs Took off in Premarket Trading; Bilibili Surged Over 8% While iQiyi Rose Over 4%
Hot Chinese ADRs took off in premarket trading; $Bilibili Inc.$ surged over 8% while $iQiyi Inc.$ rose over 4%.While China has pledged support for private businesses, policymakers have stopped short of delivering a bazooka-style stimulus injection to revive its faltering economy. Instead, it is putting the onus on banks to help jumpstart the housing market by easing loan conditions and extending repayment for some struggling developers.The Ministry of Housing and Urban-Rural Development said on
Apple Is Asking Suppliers to Produce About 85 Million Units of the iPhone 15 This Year
Apple targets 85 million units, roughly in line with last yearIts fortunes affects thousands of firms, millions of workersApple Inc. is asking suppliers to produce about 85 million units of the iPhone