News of New York

Alibaba shares hit record lows amid fears of delisting from NYSE
3 December 2021
3921
Record low Alibaba (BABA) shares are trading at a record low since May 2017 as investors worry about the risks of delisting on the US exchange. The recent drop in Alibaba's shares stems from the Chinese e-commerce giant's fear of losing its main li...
Xiaomi to build electric car plant in Beijing
29 November 2021
3725
Electric cars from Xiaomi Xiaomi has established an electric vehicle manufacturing subsidiary and may soon begin building a plant in Beijing. This suggests that a major new competitor will emerge in the global electric car market in the coming years...
Alibaba shares plummet to lows due to pressure from Chinese authorities
19 August 2021
3902
Authorities put pressure on Alibaba Group Alibaba (BABA) shares on the US exchange NYSE fell 4.9 per cent on Tuesday, to two-year levels, due to the release of tougher antitrust rules from China. Market analysts point to fiv...
NVIDIA acquires mapping company DeepMap
15 June 2021
4024
Nvidia and DeepMap NVIDIA shares reacted by rising to the purchase of privately held DeepMap, which makes high-definition mapping software that will help improve Nvidia's in-car chips with machine learning technology. Nvidia (NV...
Hedge fund default Archegos Capital triggered $30bn in stock sales on Friday
29 March 2021
4348
Shares sale Banks Nomura and Credit Suisse on Monday warned of significant losses related to the default of hedge fund Archegos Capital. A number of stocks, including ViacomCBS, Discovery, Baidu and Tencent Music, posted their biggest ...
Hyundai-Kia and Nissan will not produce an electric car for Apple
15 February 2021
4349
Negotiations terminated Apple has failed to secure a partnership with either Hyundai or Nissan to create an Apple-branded autonomous electric car, according to responses from company offici...
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