-
Biden Hikes Tariffs On Chinese Goods, Alibaba, JD.com Stocks Drop
Friday, September 13, 2024 - 11:27am | 581The Biden administration announced Friday that it has finalized and implemented significant tariff hikes on Chinese imports, first introduced in May, to better safeguard strategic domestic industries from China’s excess manufacturing volume. Many tariffs, including a 100% duty on Chinese...
-
Apple's Lowered Guidance Underscores Worries About Trade, Global Growth
Thursday, January 3, 2019 - 11:45am | 1683Apple’s (NASDAQ: AAPL) stunning announcement late yesterday that it would cut its revenue outlook seems to be a continuation of several of the themes that helped take stocks to their worst annual performance in a decade last year. Arguably the loudest headlines from last year concerned the...
-
Alibaba Defends Self Vs. Latest Counterfeit Allegations
Tuesday, April 14, 2015 - 1:55pm | 297Alibaba Group Holding Ltd (NYSE: BABA) responded Tuesday to complaints by American retailers of counterfeit goods by saying it will take further steps to address the problem. "Our track record of fighting illicit activities is clear," Alibaba said in a widely quoted statement Tuesday. "We must...