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Tesla (TSLA.O) shares extended gains to 5%.
2026-04-17
Tesla (TSLA.O) shares extended gains to 5%.
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2026-04-17
Chinese regulators fined major delivery platforms including Alibaba Group, PDD Holdings, Meituan, JD.com and ByteDance’s Douyin a total of 3.6 billion yuan ($528 million) for failing to filter unqualified merchants, according to the State Administrat
Chinese regulators fined major delivery platforms including Alibaba Group, PDD Holdings, Meituan, JD.com and ByteDance’s Douyin a total of 3.6 billion yuan ($528 million) for failing to filter unqualified merchants, according to the State Administration for Market Regulation. The penalty, the largest since the 2015 food safety law revision, including fines and confiscation of improper income tied to “ghost deliveries,” where merchants used fake locations or licenses and sometimes outsourced orders without disclosure. Authorities said platforms lacked adequate review processes but had removed unlicensed vendors after inspections, while executives responsible for food safety were separately fined 19.7 million yuan.
2026-04-18
A rapid unwind of bearish positions is driving the stock market’s sharp rally, with a Goldman Sachs basket of most-shorted stocks surging over 13% this week and outperforming the S&P 500 by 9 percentage points. As optimism grows that the Iran conflic
A rapid unwind of bearish positions is driving the stock market’s sharp rally, with a Goldman Sachs basket of most-shorted stocks surging over 13% this week and outperforming the S&P 500 by 9 percentage points. As optimism grows that the Iran conflict’s worst phase may be over, investors have covered about $93 billion in short positions this month, adding momentum to gains of more than 9% in major indexes. Strategists said institutional buying and short covering are key drivers, with risk appetite rising across speculative segments. However, the rebound is uneven and some warn investors may be overinterpreting the rally as an all-clear signal.
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