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“Tencent loses over $43 billion in market value after China proposes new online gaming rules”

“Tencent lost about $43.5 billion in market value on Friday after China surprised financial markets with a fresh set of rules aimed at curbing excessive gaming and spending. The draft guidelines from China’s National Press and Publication Administration sank the Hong Kong-listed… Continue Reading…

Business, Stocks

“Bed Bath & Beyond proposes reverse stock split as it struggles to avoid bankruptcy”

“Bed Bath & Beyond wants shareholders to approve a reverse stock split at an upcoming special meeting, as the retailer keeps working to avoid filing for bankruptcy, according to a securities filing late Wednesday.  The retailer’s board is calling on… Continue Reading…

Stocks

“Tesla shares slide 5% after Elon Musk proposes selling 10% of his stock in a Twitter poll”

“Tesla shares fell by more than 5% in morning trading Monday after CEO Elon Musk asked his Twitter followers if he should sell 10% of his stock in the electric vehicle company. Shares of Tesla slipped 5.3% to $1,157.30 at 09:16 a.m. ET… Continue Reading…