Marriott Posts Big Loss, Sees Recovery Signs
Marriott’s shares rose as the company reported that it it is seeing "steady signs" of global travel demand returning.
Li Auto Offers EV Future to U.S. Investors
The Chinese automaker says its extended-range technology "will help accelerate the adoption of electric vehicles in China."
U.S. Government Considers TikTok Ban
Critics have brought up concerns around the app’s privacy practices and its possible ties to the Chinese government.
Google Abandons Cloud Initiative in China
The tech giant’s ‘Isolated Region’ would have allowed it to offer cloud services in regions that want to control data within their borders.
Starbucks Sees ‘Rapidly Evolving’ Consumer Preferences
The coffee chain said it expects to accelerate the development of pickup locations in major U.S. cities over the next 18 months.
Senate May Vote on Oversight of Chinese Issuers
A bipartisan bill could result in Chinese firms being delisted from U.S. exchanges if they do not submit their audit reports to U.S. regulators.
JD.com Plans to Kickstart Hong Kong IPO
U.S.-listed Chinese firms are increasingly looking toward home.
Apple iPhone Sales Spike in China
“Apple is better positioned than most to experience a rapid recovery in a post-COVID world. We see demand as pushed out, not canceled.”
Starbucks Shares Fall as Q2 Earnings Halve Amid Pandemic
The coffee giant also withdrew its outlook for fiscal 2020.
Global Manufacturing Dives Amid Virus Lockdowns
Even export powerhouses Germany and Japan saw steep decreases in factory output last month as the coronavirus upended supply chains and crushed demand.
Cardinal Health Fined $8M for FCPA Violations
The SEC says Cardinal employees made improper payments to boost the sales of a skincare company whose products they were distributing in China.