Cheetah Mobile Invests in Robotics Business

Cheetah Mobile Invests in Robotics Business

Cheetah Mobile, a mobile internet company, said pre-market Friday that its unit Beijing Kingsoft Internet Security Software has entered into a capital injection agreement with Beijing OrionStar Technology, an artificial intelligence company incorporated in China and controlled by Sheng Fu, the chief executive officer of Cheetah Mobile, Pingtan Dingfu Investment Management, Beijing Kangyuan Heart Management Consulting Center Partnership, and the existing shareholders of Beijing OrionStar. According to agreement, Beijing Security, […]

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Tech Stocks Leading Most Sectors

Tech Stocks Leading Most Sectors

Technology stocks were leading most sectors higher this afternoon, with shares of tech companies in the S&P 500 posting a nearly 0.7% increase. In company news, Applied Optoelectronics (AAOI) climbed to a new record high on Monday, rising almost 12% to top out today at a best-ever $71.10 a share, after analysts at Needham & Co today began covering the fiber-optic networking equipment-maker with a Strong Buy rating and an […]

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Tech Stocks Lower

Tech Stocks Lower

Technology stocks were weighing deeply on the broader U.S. markets Wednesday, with shares of tech companies in the S&P 500 plunging about 1.9%. In company news, Baozun Inc (BZUN) retreated Wednesday, falling almost 21% and bottoming out at $18.85 per American depository share, despite the Chinese-language ecommerce platform last night exceeding analyst estimates with it Q1 earnings. The company earned RMB0.54 per ADS during the January-to-March reporting period, topping the […]

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Consumer Stocks Slightly Higher

Consumer Stocks Slightly Higher

Consumer stocks were trending slightly higher Monday, with shares of consumer staples companies in the S&P 500 advancing about 0.3% while shares of consumer discretionary firms in the S&P 500 were posting a 0.1% gain. In company news, China Automotive Systems (CAAS) rose Monday, advancing to an 11% gain and a $4.99-a-share session high after board chairman Hanlin Chen today proposed paying $5.45 for each of the automobile parts manufacturer’s […]

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Energy Stocks Rebound

Energy Stocks Rebound

Energy stocks were jumping out to big gains on Wednesday, with the NYSE Energy Sector Index rising over 1.2% while shares of energy companies in the S&P 500 were up 1.5% as a group. Crude oil for June delivery was up $1.74 at $47.62 per barrel while June natural gas futures were 8 cents higher at $3.31 per 1 million BTU. In company news, American depository shares of Petrobras Brasileiro […]

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