Ant Group, which previously had its own IPO plans scuttled by regulatory concerns, was allowed to double its registered capital as part of the new plan.jumped nearly 4% in early market trading after the company announced it would cut its staff by at least 10% and close some of its offices.
Securities clients of the firm bought $69 billion in U.S. equities. Corporate, institutional and private clients were also net buyers of equities, with the last seeing the first inflows since 2017. Clients bought in eight of 11 sectors, with technology and communication services seeing the largest inflows. Industrials, financials and utilities saw outflows.
Stocks had a rough start to 2023, but held up despite large slumps in Apple and Tesla. That's a good sign that there's some relief on the way in the near-term, according to Rob Ginsberg of Wolfe Research. "Yes, we believe that this crucial ascending support eventually gives way, but the ability of the broader market to hang in there despite the rapid deterioration in mega cap bellwethers such as AAPL and TSLA, suggests to us that a little near-term relief is probably in order before the next significant leg lower," he said.Tesla
Tesla falls 10% on news of 40% yoy growth!! Fcuking analysts must be crazy!! Get real!!
I see Cramer is ranting again about how he wants companies to layoff people in order to raise the stock price 5 minutes later he says he wants people to be laid off & not find new jobs or jobs paying less to bring down the economy How screwed up is that mindset…The Rich, meh!
Will be red by 11:00am dammit! 🦫
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