This is a live blog. Please check back for updates. All times below are in Beijing time. 11:16 am: Xi holds calls with leaders of the UK and France Chinese President Xi Jinping held phone calls with leaders of the U.K. and France on Tuesday to express gratitude for their sympathies and support in China’s
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Herbalife distribution center in Los Angeles. Patrick T. Fallon | Bloomberg | Getty Images Check out the companies making headlines after the bell: LendingClub – Shares of the fintech company were down 1.98% in extended-hours trading after it announced plans to pay $185 million in cash and stock for Radius Bancorp, a Boston-based online bank
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Apple’s suppliers and partners are getting hit hard following the iPhone maker’s revenue warning due to the coronavirus epidemic in China, underscoring fears about the financial fallout of the outbreak. Qorvo, a radio frequency chip supplier for Apple, fell nearly 2.5% on Tuesday morning. Credit Suisse estimates 30% of Qorvo’s revenues come from Apple. Chip
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Medtronic Chairman and CEO Omar Ishrak Ethan Miller | Getty Images Medtronic missed estimates for third-quarter revenue on Tuesday as its heart device unit reported a slowdown in demand ahead of new product launches, and warned of a hit to its fourth quarter from the coronavirus outbreak. Shares of the world’s largest standalone medical device
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Walmart earnings and revenue for the holiday quarter missed analysts’ estimates, as the retailer cited softness in toys and apparel during December. The company said earnings took a hit, in part, because of political unrest in Chile, where protests have caused disruption in Walmart stores in the region. Its profit outlook for the upcoming year
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HSBC logo is displayed outside a branch of in the United Kingdom. Matt Cardy | Getty Images HSBC on Tuesday reported pre-tax profit that missed analysts’ expectations after the bank took a goodwill impairment relating to its European investment banking and commercial banking businesses. The bank, Europe’s largest by assets, also announced a major overhaul
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Malaysia has barred the entry of remaining passengers from a cruise ship docked in Cambodia — after an American passenger tested positive for the new coronavirus upon her arrival in Kuala Lumpur. Confirming local media reports, Malaysia’s deputy minister for international trade and industry, Ong Kian Ming, told CNBC on Monday that his country will
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This is a live blog. Please check back for updates. All times below are in Beijing time. 7:30 am: Hubei reports 100 more deaths and 1,933 new cases China’s Hubei province said it has confirmed 1,933 new coronavirus cases and 100 more deaths as of Feb. 16. It said that the virus has infected 58,182
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Excited passengers disembark from the MS Westerdam, which is now docked in Sihanoukville, Cambodia. The cruise ship arrived in Cambodia on February 14, 2020 after being stranded for two weeks Paula Bronstein | Getty Images This is a live blog. Please check back for updates. All times below are in U.S. Eastern Standard Time. China’s
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Hillary Clinton speaks onstage at ‘Hillary Clinton and Chelsea Clinton discuss their new book ‘The Book of Gutsy Women’ at The Wilshire Ebell Theatre on November 05, 2019 in Los Angeles, Emma McIntyre | Getty Images Presidential candidate Mike Bloomberg is considering Hillary Clinton as a vice presidential running mate after positive internal polling about
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A hot tax-advantaged opportunity is making the rounds among financial advisors. Just make sure you don’t overlook the risks. The Tax Cuts and Jobs Act, which went into effect in 2018, established so-called qualified opportunity zones — economically disadvantaged areas across the country. Funds specializing in qualified opportunity zones allow people to invest in these
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