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Dell beats profit estimates on higher desktop sales; shares rise 9%
Dell Technologies Inc beat Wall Street profit estimates on Thursday, helped by higher demand for desktops, as well as a focus on more profitable contracts within its server unit in China, sending the company's shares up 9% in extended trading......»»
US PMIs Scream Stagflation As Manufacturing "Contracts", Prices Rise, Heaviest Job Cuts Since GFC
US PMIs Scream Stagflation As Manufacturing 'Contracts', Prices Rise, Heaviest Job Cuts Since GFC After a mixed bag from preliminary April European PMIs (Services strong-er, Manufacturing weaker-er, surging pric.....»»
China PMIs Disappoint Again As Production, New Orders Slide
China PMIs Disappoint Again As Production, New Orders Slide For the 4th time in the last 5 months, China's Services and Manufacturing PMIs missed expectations in April......»»
China manufacturing rebounds in March amid tech, virus risks
Chinese manufacturing has rebounded to above pre-pandemic levels in most industries but consumer and export demand have been slower to recover.....»»
China Is "Fixed": Chinese PMIs Soar Back Into Expansion, Smashing Expectations
China Is "Fixed": Chinese PMIs Soar Back Into Expansion, Smashing Expectations Remember the record plunge in China's manufacturing and non-manufacturing PM.....»»
China Is Fixed: Chinese PMIs Soar Back Into Expansion, Smashing Expectations
China Is Fixed: Chinese PMIs Soar Back Into Expansion, Smashing Expectations Remember the record plunge in China's manufacturing and non-manu.....»»
Nike revenue beats as digital growth offsets rare China sales fall on virus hit
Nike Inc beat estimates for quarterly revenue on Tuesday as strong digital demand offset the first China sales drop in nearly six years from the coronavirus-fueled shutdowns, but the company held back from providing a forecast due to the outbreak......»»
Nike"s revenue beats as North America, Europe offset China sales drop
Nike Inc beat Wall Street estimates for quarterly revenue on Tuesday, powered by demand in North America and Europe that blunted the first drop in China sales in nearly six years due to the coronavirus-fueled shutdowns......»»
Mobile devices shipments to plunge in wake of outbreak, says Digitimes Research
The coronavirus outbreak has derailed production and consumer demand in China - the biggest manufacturing base for mobile devices and one of the biggest markets for them......»»
Procter & Gamble says facing demand and supply challenges in China, its second biggest market
This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news......»»
Apple says the coronavirus will cause it to miss its revenue goals
In a statement Monday, Apple said it expects iPhone shortages because manufacturing of the phone has been slower than expected. In addition, store closures in China have dampened demand for Apple products......»»
Apple said it won’t meet its quarterly revenue goals because of coronavirus’s impact
The company said it expects iPhone shortages because manufacturing of the phone has been slower than expected. In addition, store closures in China have dampened demand for Apple products......»»
Apple said it won’t meet its quarterly revenue goals because of the coronavirus’s impact on production and demand
In a statement Monday, Apple said it expects iPhone shortages because manufacturing of the phone has been slower than expected. In addition, store closures in China have dampened demand for Apple products......»»
Alibaba beats estimates on record Singles" Day sales
China's Alibaba Group Holding Ltd beat analysts' estimates for quarterly results on Thursday, driven by record sales during its annual Singles' Day shopping blitz and demand for its cloud computing business......»»
Mitsui CFO: China virus outbreak may slow manufacturing activities of autos and others
Japanese trading house Mitsui & Co Ltd sees China's outbreak of a new coronavirus may slow manufacturing activities in automobile and other sectors, and possibly reduce steel product demand, the company's executive said on Tuesday......»»
How PMIs signal early warnings for the economy
In 2018 and 2019 during the U.S.-China trade war, investors and policy makers embraced global manufacturing PMIs as a leading barometer of economic health. WSJ explains how purchasing managers can offer an early look at the direction of the economy......»»
China foundry sector on path to recovery, says SMIC co-CEO
Speaking at a high-tech forum held in Shanghai, Semiconductor Manufacturing International (SMIC) co-CEO Zhao Haijun remarked that China's IC foundry sector will stage a recovery in 2020 driven by chip demand for 5G related devices......»»
China Non-Manufacturing PMI Slides Back Near Multi-Year Lows
China Non-Manufacturing PMI Slides Back Near Multi-Year Lows Following a big, surprise jump in November, China’s official PMIs were expected to fall back a little in Decembe.....»»
China cuts tariffs on pork, consumer items, phone parts
China cut import tariffs on a wide range of goods including food, consumer items and parts for manufacturing smart-phones, continuing Beijing’s drive to lower trade barriers and spur domestic demand......»»
China cuts tariffs on pork and tech from list worth $389B
China cut import tariffs on a wide range of goods including food, consumer items and parts for manufacturing smart-phones, continuing Beijing’s drive to lower trade barriers and spur domestic demand......»»