This Is What Life’s Like in the World’s Strictest Covid Zero City

Seven times since last March, Ruili—on China’s Myanmar border—has felt the full force of Xi Jinping’s Covid Zero policy.

PBOC Sticks To Limited Stimulus Even As China’s Outlook Darkens

Like almost every arm of government in China, there’s also a layer of Communist Party oversight, with Guo Shuqing, head of the banking and insurance regulator, the party chief of the PBOC. Yi, the deputy party chief, is responsible for the day-to-day operations.

China Stock Investors Fixated on Covid Curbs Shrug Off Stimulus

“The biggest near-term risk to Chinese growth is its dynamic Covid-zero policy, which is offsetting the positive effects of Beijing’s cautious policy easing,” said Jessica Tea, senior investment specialist for Greater China equities at BNP Paribas Asset Management. “China would need to see further fiscal stimulus in order to help stabilize its GDP growth, and … Read more

Tesla Whipsaws After Stock Rallies 50% From Its May Bottom

While Tesla investors have been through a tumultuous 2022, with the company tackling several challenges, the shares have been recovering at a torrid pace. They posted a 32% gain in July for Tesla’s best month since October, as resilient second-quarter results, a climate change bill from the Biden administration and an overall cautiously optimistic mood … Read more

Apple Inches Closer to Erasing 2022 Losses as Inflation Cools

Since bottoming in mid-June, Apple’s shares have surged about 30%, outpacing the S&P 500 Index and the Nasdaq 100. That’s put Apple back on top as the world’s most valuable company and within sight of turning positive for the year. Apple is now down just 5% in 2022, compared with a drop of 18% for … Read more

PayPal, Moderna Lead Buyback Frenzy Week, Giving Stocks a Lift

At least $21 billion in fresh share repurchase programs have been unveiled this week alone, with PayPal Inc. leading the charge and authorizing a new $15 billion buyback plan as it works with Elliott Investment Management to turn around its struggling shares. Moderna Inc., Airbnb Inc. and Marriott International Inc. have also added to or … Read more