Highlights for the Fiscal Year Ended June 30, 2022 11.5% Revenue Increase YoY to $27.1 Million 73% Increase YoY in Sales of Intelligent Pet Products 100% Increase YoY in Income Per Basic and Diluted Share 241% Increase YoY in Balance of Cash and Short-Term Investments PLANO, Texas , Oct. 1, 2022 /PRNewswire/ -- Dogness (International) Corporation ("Dogness" or the "Company") (NASDAQ: DOGZ), a developer and manufacturer of a comprehensive line of Dogness-branded, OEM and private label pet products, today announced its audited financial results for the fiscal year ended June 30 2022. Silong Chen , Chairman and Chief Executive Officer of Dogness, commented, "We continue to benefit from our priority focus of resources on the production and promotion of sales of our higher margin intelligent pet products. With both our existing models and the newly launched models of our smart products, we delivered a 73% increase in sales of our intelligent pet products in the fiscal year ended June 30, 2022 , compared to the year ago period.
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Stocks Slide, Ugly Mood Returns As Traders Ask ''Did Anything Change'' The brief post-BOE euphoria has worn off, and risk-off sentiment returned to markets as concern about inflation and the global economy overshadowed the Bank of England’s desperate attempt to restore calm by restarting QE, exacerbated by more hawkish central bank talk and defiance by British PM Liz Truss''s tax plan (which has been slammed from the IMF all the way to the White House ). Treasuries resumed their slide with UK gilts, while US equity futures fell as European stocks extended a selloff that’s caused valuations to drop to their lowest since 2012. As of 730am, emini S&P futures slid 0.7% to 3704, recovering from losses as big as 1.5% earlier. The dollar rose and Treasuries resumed their slump as investors focused on expectations the Federal Reserve will continue to deliver aggressive interest-rate hikes. The pound snapped a two-day gain and UK gilt yields rose as Prime Minister Liz Truss defended a giant package of unfunded tax cuts that sent markets into turmoil. “Other than the dollar, there are not many assets that are trading constructively, ” said Julia Raiskin, Asia-Pacific head of markets for Citigroup Inc. “ The markets are very pessimistic.
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Chinese tech stocks suffered a meltdown since many hit all-time highs in early 2021, with no significant improvement in 2022 compelling Goldman Sachs to at least take a new look at this sector, Barron''s reports . Alibaba Group Holding Limited (NYSE: BABA ) lost almost half its market value last year alone as China and U.S.''s regulatory crackdown weighed on the sector. JD.com, Inc (NASDAQ: JD ), Baidu, Inc (NASDAQ: BIDU ), and NetEase, Inc (NASDAQ: NTES ) were no better either. The 2022 equity selloff amid red-hot inflation, surging bond yields, and recession concerns have only compounded investors'' pain points. Goldman expects market volatility to continue and isn''t ruling out a recession within the following year. "We still think U.S. equities are the best place to … Full story available on Benzinga.com
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day''s top analyst upgrades and downgrades included Adobe, Agnico Eagle Mines, Amgen, Barrick Gold, Comstock Resources, Enphase Energy, Huntsman, JD.com, Kinder Morgan, Lucid, Newmont, Okta, Starbucks, Union Pacific and Vale.
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Bridgewater Associates’ 13F portfolio value decreased from ~$24.81B to ~$23.60B in Q2. They increased Walmart and CVS Health while dropping Alibaba and JD.com.
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Currently, Yum China Holdings Inc.’s (YUMC) stock is trading at $49.44, marking a gain of 1.16% from last night’s close. At this price, the stock is -22.09% below its 52-week high of $63.45 and 47.35% above its 52-week low of $33.55. Based on the past 30-day period, the stock price is -4.67% below the high […]
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Alibaba''s office in Beijing. Costfoto/Barcroft Media via Getty Images Alibaba, JD.com and YUM China are among US-listed Chinese companies being targeted by regulators. The…
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HONG KONG: US regulators have selected e-commerce majors Alibaba Group Holding Ltd and JD.com Inc among other US-listed Chinese companies for audit inspection starting next month, people with knowledge of the matter said. The selection follows a landmark audit deal between Beijing and Washington on Friday allowing US regulators to vet accounting firms in mainland China and Hong Kong, potentially ending a long-running dispute that threatened to boot more than 200 Chinese companies from US stock exchanges. The tech duo along with Yum China Holdings Inc - owner of KFC, Taco Bell and Pizza Hut restaurants in China - have been notified that they are among the first batch of Chinese companies whose audits will be inspected in Hong Kong by US audit watchdog, the Public Company Accounting Oversight Board (PCAOB), the people told Reuters, declining to be identified due to confidentiality constraints. The respective accounting firms of Alibaba, JD.com and Yum China - PwC, Deloitte and KPMG - have also been notified of the inspection, the people added.
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Yum China Holdings Inc. (NYSE:YUMC) traded at $50.57 at last check on Monday, August 29, made an upward move of 2.26% on its previous day’s price. Looking at the stock we see that its previous close was $49.45 and the beta (5Y monthly) reads 0.58 with the day’s price range being $49.37 – $52.00. The … Yum China Holdings Inc.’s (NYSE:YUMC) Stock Is Up 2.26%, But Is It Capable Of A Rally? Read More »
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During the recent session, Yum China Holdings Inc. (NYSE:YUMC)’s traded shares were 0.64 million, with the beta value of the company hitting 0.55. At the last check today, the stock’s price was $50.13, reflecting an intraday gain of 0.24% or $0.12. The 52-week high for the YUMC share is $63.45, that puts it down -26.57 … Yum China Holdings Inc. (NYSE: YUMC) Stock Jumped 7.59% Over A Month – Is There Any Hope Of A Gain? Read More »
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A share of Yum China Holdings Inc. (NYSE:YUMC) closed at $48.09 per share on Wednesday, down from $48.83 day before. While Yum China Holdings Inc. has underperformed by -1.52%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, YUMC fell by -21.18%, with highs and lows ranging […]
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The trading price of Yum China Holdings Inc. (NYSE:YUMC) floating higher at last check on Friday, August 19, closing at $48.09, 1.97% higher than its previous close. Traders who pay close attention to intraday price movement should know that it has been fluctuating between $46.48 and $47.77. The company’s P/E ratio in the trailing 12-month … Yum China Holdings Inc. (NYSE: YUMC) Jumps 1.97% In Recent Trading, What’s New? Read More »
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Yum China Holdings, Inc. announced on August 15 that it has applied for a voluntary conversion of its secondary listing status to a primary listing status on the Main Board of the Hong Kong Stock Exchange (HKEx). The post Yum China Applies for Dual Primary Listing in Hong Kong appeared first on Pandaily .
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Related Stocks: BIDU , SE , YUMC , ZTO , GDS ,
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Yum China Holdings Inc (NYSE: YUMC ) has applied for a primary listing in Hong Kong to avoid the risk of delisting from the New York Stock Exchange. The company has received acknowledgment today from the Hong Kong Stock Exchange (HKEX) regarding the application for … Full story available on Benzinga.com
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Yum China Holdings (YUMC) applied for a voluntary conversion of its secondary listing status to Hong Kong, according to a company announcement on Monday.
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Yum China Holdings Inc said on Monday it has applied for a primary listing in Hong Kong, as the company looks to circumvent a risk of delisting from the New York Stock Exchange amid tight regulatory scrutiny on Chinese companies. The move comes on the heels of an audit dispute between China and the United […]
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Chinese stocks on U.S. exchanges have struggled this week despite a more upbeat market.
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Hong Kong is set to see billions of dollars flowing in from the mainland with more Chinese companies expected to upgrade their listings in the city to tap into a bigger pool of capital amid the looming threat of delistings in the United States. E-commerce giant Alibaba Group said on Tuesday it would apply to convert its Hong Kong secondary listing into a dual primary that would make it easier for mainland Chinese investors to buy its shares. The move is likely to prompt other major firms such as JD.Com Inc, Netease Inc and Baidu Inc to consider upgrading to dual primary listings, said Periscope Analytics founder Brian Freitas, who publishes on Smartkarma.
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Related Stocks: BABA , NTES , JD , ZLAB , NU ,
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Reuters Prominent British Sports Retailer JD Sports Sees Profits At Par With Last Year Thanks To Robust Demand Leading British sportswear retailer JD Sports Fashion PLC (OTC: JDSPY ) expects annual profit to be in line with last year’s performance thanks to solid demand for athleisure apparel and sportswear. JD, which offers Nike, Inc (NYSE: NKE ), adidas AG (OTC: ADDYY ), Puma, and in-house brands, said total sales for the five months of the year in its like-for-like businesses remain 5% up year-on-year. JD said earnings in the current year would reflect a more normalized trading pattern with 35% - 40% of the profits generated in the first half. Bavarian Nordic’s Monkeypox Vaccine Gets Thumbs Up From EU Regulator The European Medicines Agency’s (EMA) Committee for Medicinal Products for Human Use (CHMP) adopted a “positive opinion” recommending Bavarian Nordic A/S’s (OTC: BVNRY ) smallpox vaccine, Imvanex, be authorized to include protection against monkeypox on its label. The vaccine is approved for use against monkeypox in the U.S. and Canada, where it is marketed as Jynneos and Imvamune, respectively.
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NEW YORK, July 21 (Xinhua) -- U.S.-listed Chinese companies traded higher on Thursday with all the top 10 stocks by weight in the S&P U.S. Listed China 50 index ending the day on an upbeat note. Shares of NetEase and Pinduoduo advanced 6.16 percent and 4.44 percent, respectively, leading the gains in the top 10 stocks. Shares of Baidu and JD.com went up 2.66 percent and 2.22 percent, respectively, also am
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Futures Grind Higher With All Eyes On Red-Hot CPI After yesterday''s last hour stock market puke prompted by a fake CPI "leak" that showed inflation rising more than double digits in June which sent spoos just over 3,800, US index futures advanced ahead of a report that will show inflation hitting a fresh four-decade high according to Bloomberg consensus which expects headline inflation to print 8.8%, ensuring another 75bps rate hike. Contracts on the S&P 500 rose 0.3% by 7:15 a.m. ET after the underlying gauge declined over the past three days. Nasdaq 100 futures were up 0.4% after the tech-heavy index shed 3% this week, reversing most of last week''s gains. The dollar dropped from a 2 year high, bitcoin rose but held below $20,000 and WTI crude oil stabilized at about $96 a barrel after a tumble. Among notable pre-market movers, Twitter rose 1% after suing Elon Musk over his abandoned $44 billion takeover bid, accusing the billionaire of having buyer’s remorse after his fortune declined.
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A new COVID-19 surge and a tech crackdown weighed on a broad range of Chinese stocks.
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New Jersey, USA -- ( SBWIRE ) -- 07/05/2022 -- The latest study released on the Global E-Commerce Market by AMA Research evaluates market size, trend, and forecast to 2027. The E-Commerce market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities and upcoming challenges and about the competitors. Key Players in This Report Include: Walmart Inc. (United States), Amazon (United States), Alibaba (China), Otto Group (Germany), JD.com (China), eBay (United States), Rakuten (Japan), Zalando (Germany), Groupon (United States), Home Depot (United States) Download Sample Report PDF (Including Full TOC, Table & Figures) @ https://www.advancemarketanalytics.com/sample-report/31523-global-e-commerce-market Definition: E-commerce is an online retailing platform for trading of products and services using digital networks.
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Fed-up investors who dumped Alibaba Group (NYSE: BABA ) stock in March will regret it. BABA stock bottomed at $73.28 in mid-March 2022. The following month, Premier Li Kequiang said it would pause its crackdown on the sector. The shift to promoting economic growth proved helpful to BABA stock. Shares are up by around 60% from the 52-week low. It only needs less than 50% more in gains to return to yearly highs. Ticker Company Price BABA Alibaba Group Holding Limited $115.33 BABA Stock Roars Ahead China backed off on its push for common prosperity amid the Covid-19 omicron outbreak. The Chinese Communist Party (CCP) abruptly shut down Shanghai in late March. At the time, it planned lockdowns that would last no more than a week. Two months later, the economic devastation forced the government to shift its priorities. 7 Warren Buffett Stocks to Buy and Hold for the Next Decade To ease the devastating economic hardships on its people, the Chinese government will tone down its crackdown on technology firms.
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Futures, Global Markets Rally, Bonds Slide As Traders Turn More Bullish Following the best week for stocks in one month, global stocks extended gains on Monday on continued easing of fears for a hawkish Fed; US futures rose, with the Nasdaq 100 advancing 0.5% as by tech giants Amazon, Apple and Microsoft all rose in premarket trading. Tech shares also boosted indexes in Europe and Asia. Treasuries slipped, pushing the rate on the US 10-year note to 3.17%. Yields have retreated from June highs on growth worries, but whether that marks the end of the Treasury bear market is a live debate. The dollar fluctuated while oil and bitcoin rose. In the US premarket, major US technology and internet stocks were higher, poised to extend gains. The tech-heavy Nasdaq 100 closed up 7.5% last week, its best week since March. Among notable movers: Apple +0.6%, Microsoft +0.6%, Amazon.com +1%, Meta +0.8%, Nvidia +1.6% in premarket trading. Other notable premarket movers include: JD.com (JD US) is among the top performers in US-listed Chinese stocks, rising 5% in premarket trading, after tech investor Prosus disposed of its stake in JD.com for about $3.67 billion.
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Online Shopping Guide Platform Market 2022-2028 New Jersey, NJ -- ( SBWIRE ) -- 06/24/2022 -- Online Shopping Guide Platform Market - Global Outlook and Forecast 2021-2027 is latest research study released by HTF MI evaluating the market risk side analysis, highlighting opportunities and leveraged with strategic and tactical decision-making support. The report provides information on market trends and development, growth drivers, technologies, and the changing investment structure of the Online Shopping Guide Platform Market. Some of the key players profiled in the study are Walmart, eBay, Alibaba, Target, Best Buy, Flipkart, Shop.com, Groupon, JD, Tmall, Pinduoduo, Vipshop, Dangdang, Amazon & NetEase. Get free access to sample report @ https://www.htfmarketreport.com/sample-report/3264178-online-shopping-guide-platform-market Online Shopping Guide Platform Market Overview: The study provides comprehensive outlook vital to keep market knowledge up to date segmented by Apparel, Cosmetic, Food, Books, Electrical Appliances & Other, , Mobile Terminal, Tablet Terminal & Computer Terminal and 18+ countries across the globe along with insights on emerging & major players.
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NFT Market SWOT Analysis Including Key Players Xingin Information Technology, TheOne.art, Tencent, SuperRare, Sorare, Solanart, Sky Mavis, SandBox, Rarible, OpenSea, NetEase, MakersPlace, Larva Labs, JD.com, Huandian Technology, Hangzhou Qulian Technology, Guangxi Fortune Technology, Foundation, Decentraland, Dapper Labs, Bytedance, Baidu, Alibaba London, UK -- ( SBWIRE ) -- 06/21/2022 -- NFT Market Overview 2022-2028: To provide an in-depth appraisal of the market, the most recent research looks into the complexity of revenue data, stock quirks, and information on noteworthy participants. A detailed and comprehensive examination of the industry with an emphasis on global market trend analysis is known as NFT market research. The purpose of this study is to provide readers with a comprehensive market overview as well as thorough market segmentation. A discussion of the global market''s challenges, as well as a description of the market''s primary shortcomings and positives, is included in the report.
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Source: Stock-Asso / Shutterstock.com Layoffs in 2022 have been rough already with several companies cutting their workforces just this week. These layoffs come as macroeconomic factors are affecting companies. That includes the ongoing struggle between The Federal Reserve and inflation. As inflation continues to rise, The Fed has been increasing interest rates in an effort to stop it. Unfortunately, The Fed has been unable to stop inflation from increasing. As that continues, more and more companies are looking to reduce their headcount as a way to protect profits during economic turmoil. Let’s check out some of the companies that have laid off employees this week below! 7 Long-Term Stocks That Never Go Out of Style Layoffs 2022 Coinbase (NASDAQ: COIN ) starts off our list as the crypto exchange reduced its workforce by 18% in fear of a crypto winter. Compass (NYSE: COMP ) is reducing its workforce by 10% as the housing market starts to cool down. Redfin (NASDAQ: RDFN ) is cutting its headcount by 8% for the same reason as Compass.
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Source: humphery / Shutterstock.com Chinese stocks are on the move Friday as investors react to news that Ant Group may finally be able to go public. To catch up traders real quick, Ant Group was planning for an initial public offering (IPO) back in 2020 . However, Chinese regulators cracked down on the company after founder Jack Ma criticized them for stifling growth. Fast forward two years and the People’s Bank of China (PBOC) has reportedly accepted Ant Groups application to become a financial holding company. Insiders are expecting PBOC to approve this application. If that happens, it means Ant Group is likely on track to hold its IPO, and it could be a doozy. Back in 2020, it was expecting to raise $37 billion from an IPO. That would have made it the largest IPO to date. News of regulators easing up on Ant Group is causing other Chinese stocks to ride higher today. Let’s go over them below! 7 Long-Term Stocks That Never Go Out of Style Chinese Stocks On the Move Friday Alibaba (NYSE: BABA ) stock is heading 1.8% higher as of Friday morning.
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Futures Rebound, Yen Crashes To End Turbulent Week On $3.4 Trillion Quad-Witch Day Ending a rollercoaster - but mostly lower - week for risk assets around the globe which saw the Fed hike the most since 1994, a shock Swiss National Bank hike and the latest boost in UK borrowing costs, as well as a bevy of central banks surprising hawkishly, stocks in Europe finally rebounded after hitting an 18 month low earlier this week, while US equity futures were bid Friday after a rout triggered by fears of recession pushed the S&P into a bear market on Monday. S&P futures rose 1% and Nasdaq futures rebounded 1.2% signaling steadier sentiment compared with Thursday’s plunge in US shares to the lowest since late 2020, after the BOJ refused to change its Yield Curve Control conditions, sending the Yen plunging, and helping the dollar snap two days of losses as Treasury yields were flat with the 10Y around 3.21%. The Stoxx Europe 600 index jumped about 1.2% after hitting its lowest level in more than a year.
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Chinese tech companies continue to report solid Q1 earnings results, despite COVID lockdowns that have significantly affected the country.
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