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BofA Warns of Chinese Stock Correction ‘Soon’ in 2015 Repeat
  • March 18, 2025

BofA Warns of Chinese Stock Correction ‘Soon’ in 2015 Repeat

(Bloomberg) -- China’s stock rally may face a “meaningful correction soon” given its similarities with the 2015 boom and bust cycle, according to strategists at BofA securities. Most Read from BloombergThe Dark Prophet of Car-Clogged CitiesWashington, DC, Region Braces for ‘Devastating’ Cuts from CongressNYC Plans for Flood Protection Without Federal FundsA Malibu Model for Residents on the Fire FrontlinesDespite Cost-Cutting Moves, Trump Plans to Remake DC in His StyleThe Hang Seng China Enterp

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In tough global market, Bentley posts lowest revenue since 2020
  • March 18, 2025

In tough global market, Bentley posts lowest revenue since 2020

Bentley on Wednesday posted its lowest annual revenue since the COVID pandemic struck in 2020 as the British luxury automaker faced a tough global market in 2024, but said it was pursuing "value over volume" with revenue per car up 10% versus 2023. Speaking to reporters, CEO Frank-Steffen Walliser said the company would no longer publicly disclose how many cars it sold. But he said Bentley's revenue per car had hit record levels as high-end customers continue to invest in bespoke features that sharply raise the price and profit margin for the automaker.

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Tencent AI Plans Seen as Key for Further China Tech Stock Gains
  • March 18, 2025

Tencent AI Plans Seen as Key for Further China Tech Stock Gains

(Bloomberg) -- With Alibaba Group Holding Ltd. grabbing the spotlight of investor attention over China’s success in artificial intelligence, Tencent Holdings Ltd. is still waiting for its turn to shine.Most Read from BloombergThe Dark Prophet of Car-Clogged CitiesWashington, DC, Region Braces for ‘Devastating’ Cuts from CongressNYC Plans for Flood Protection Without Federal FundsA Malibu Model for Residents on the Fire FrontlinesAlibaba’s Hong Kong-listed shares have risen more than twice as muc

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Tesla Stock Slapped Down by Chinese Rival’s ‘Game Changer’ Tech
  • March 18, 2025

Tesla Stock Slapped Down by Chinese Rival’s ‘Game Changer’ Tech

(Bloomberg) -- Tesla Inc. has gone from Wall Street’s hottest trade to most hated in a matter of months. Compounding the stock’s woes this week, a rival out of China has one-upped the company on what’s supposed to be Elon Musk’s forte: EV innovation. Most Read from BloombergHow Britain’s Most Bike-Friendly New Town Got BuiltThe Dark Prophet of Car-Clogged CitiesWashington, DC, Region Braces for ‘Devastating’ Cuts from CongressNYC Plans for Flood Protection Without Federal FundsA Malibu Model for

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