Here’s what it means for business
New Chinese laws on espionage and foreign relations took effect on July 1. Vcg | Visual China Group | Getty Images BEIJING — For foreign businesses in China, geopolitics hold …
Stock markets
Astra plans reverse stock split, seeks to raise up to $65 million
Astra CEO Chris Kemp speaks inside the company’s headquarters during its Spacetech Day, May 12, 2022. Brady Kenniston / Astra Spacecraft engine manufacturer and small rocket builder Astra plans to …
Morgan Stanley shares way to play A.I. as we enter a golden age
Morgan Stanley offered up some of its top ways to play artificial intelligence as the technology enters a “golden age.” Enthusiasm around AI contributed to a hefty chunk of market …
Analyst says market rally ran too fast, buy these cheap stocks instead
U.S. stocks have been red-hot, with the S & P 500 hitting its highest level in over a year. But Steven Glass, managing director and analyst at Pella Funds Management, …
China’s new EV subsidies might not be enough to bolster slowing growth
Cadillac advertises for its electric car in Shanghai on May 23, 2023. A traffic police woman stands below. Hugo Hu | Getty Images News | Getty Images BEIJING — Subsidies …
Yellen’s latest trip helps set a new normal for U.S.-China ties
Chinese Premier Li Qiang (R) speaks with U.S. Treasury Secretary Janet Yellen during a meeting at the Great Hall of the People in Beijing on July 7, 2023. Mark Schiefelbein …
Tesla bull downgrades EV maker, cites high valuation after rally
Morgan Stanley analyst Adam Jonas thinks Tesla’s recent rally disproportionately reflects artificial intelligence excitement around the stock. The longtime Tesla bull downgraded shares of the electric-vehicle maker to equal weight …
Ron Baron says Tesla shares will hit $500 in 2025
Tesla shares will hit $500 in 2025, longtime investor Ron Baron predicted Friday. He also reiterated his call that the electric vehicle maker will reach $1,500 in 2030 , a …
Goldman Sachs downgrades Tesla, citing pricing of electric vehicles
Tesla’s massive runup is likely over for now, according to Goldman Sachs. The bank downgraded the electric-car maker to neutral from buy on Sunday. Goldman did raise its price target …
Global stock pro outpaces peers with differentiated, long-term bets
Krishna Mohanraj joined Diamond Hill Capital Management at an opportune moment. The portfolio manager started at Diamond Hill in 2012 when the investment firm, then primarily known for its domestic …