According to people familiar with the transaction, investor Bill Hwang caused a storm in the stock market last week when his firm, Archegos Capital Management, and its banks began reducing their holdings in blue-chip companies, according to people familiar with the transaction. The sale has sent shifts to individual stocks …
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Shares of iQiyi Inc. IQ, -11.16% plunged 15% on heavy volume Friday, in the wake of the revelation by China-based streaming video service of an investigation by the Securities and Exchange Commission into certain acquisitions and investments. Trading volume was 38.5 million shares, enough to make the stock the 7th …
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US Treasury Treasury in China-Based Search Engine Baidu Inc. BIDU, -1.22% fell more than 6% in the extended session Thursday after the company reported a adjusted profit above Wall Street expectations and sales that met forecasts, but said its online advertising sales fell 8% year-on-year. Baidu said it earned RMB3.6 …
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