On an otherwise down day for stocks, 21st Century Fox and Disney shares are both gaining today after Chinese regulators approved the companies’ landmark merger without conditions.
Fox shares are up more than 3% to $49.66, while Disney’s have risen a fraction to $117. Broader indices including the Dow, Nasdaq and S&P are all slumping, putting the two media companies on a small list of gainers.
A Disney spokesman confirmed the approval to Deadline after it was initially…
A string of Chinese stocks fell hard on Thursday after the arrest of Huawei’s chief financial officer Meng Wanzhou in Vancouver deepened concerns over US-China trade tensions. The Hang Seng China Enterprises Index of Chinese companies listed in Hong Kong was off 2.76 percent as of 12:40 p.m. On the Mainland side, the CSI 300 […]
Tiffany's stock dropped as much as 12 percent in premarket trading on Wednesday after releasing disappointing third-quarter sales that were hurt by weaker spending from Chinese tourists in the U.S. and Hong Kong.