Some U.S.-listed Chinese companies are recouping recent losses, with search engine Baidu adding 1.5%, e-commerce company JD.com rising 1.4% and video-sharing firm Bilibili up 2.5%. Beijing said last week that it is probing tech companies’ data practices, prompting a tumble. But some of those worries may have eased after China’sSwedish telecom Ericsson ‘s U.S.-listed shares are up 2.1% ahead of the bell. Rating agency Moody’s issuedMeme stock AMC Entertainment slid over 4% premarket.
European stocks have also been on the rise, with both the Stoxx Europe 600 and Germany’s DAX index notching record highs on Monday. On this day in 1852, Wells, Fargo opened for business in San Francisco and Sacramento. It was founded by Henry Wells and William G. Fargo to convert gold dust into cash for miners, transport and safeguard letters, gold nuggets and other valuable byproducts of the California Gold Rush.and threatening to drive up costs at the breakfast table as the world’s biggest coffee producer, Brazil, faces one of its worst droughts in almost a century.
GregAbbott_TX
Clean house, starting at the top of the management chain.