MarketsFeaturedFear & Greed IndexLatestBy and , CNN BusinessLink Copied!Ad Feedback — H&M, Nike and other big Western apparel brands are facing a boycott in China because of the stand they’ve taken against the to produce cotton in the country’s western region of Xinjiang.H&M and Nikesaid months ago they were concerned about allegations forced labor has been used to produce cotton in Xinjiang, but they’ve now been caught in an escalating firestorm that has erupted on Chinese social media this week.Swedish multinational H&M, the world’s second-largest clothing...…MarketsFeaturedFear & Greed IndexLatestBy and , CNN BusinessLink Copied!Ad Feedback — H&M, Nike and other big Western apparel brands are facing a boycott in China because of the stand they’ve taken against the to produce cotton in the country’s western region of Xinjiang.H&M and Nikesaid months ago they were concerned about allegations forced labor has been used to produce cotton in Xinjiang, but they’ve now been caught in an escalating firestorm that has erupted on Chinese social media this week.Swedish multinational H&M, the world’s second-largest clothing...WW…

Hong Kong/London (CNN Business)Stock markets plunged around the world Monday after the number of coronavirus cases surged in Italy and South Korea, putting two more from a virus that has already in China.The closed 1,032 points, or 3.6%, lower, marking its worst day in two years, when it closed down more than 1,000 points twice within a week as . On February 5 and again on February 8, 2018, the Dow's percentage drop was more than 4% on both days. Since the index is higher now, on a percentage basis Monday's selloff isn't as dramatic as other drops in the Dow's history.Still, it was only the...…Hong Kong/London (CNN Business)Stock markets plunged around the world Monday after the number of coronavirus cases surged in Italy and South Korea, putting two more from a virus that has already in China.The closed 1,032 points, or 3.6%, lower, marking its worst day in two years, when it closed down more than 1,000 points twice within a week as . On February 5 and again on February 8, 2018, the Dow's percentage drop was more than 4% on both days. Since the index is higher now, on a percentage basis Monday's selloff isn't as dramatic as other drops in the Dow's history.Still, it was only the...WW…

MarketsFeaturedFear & Greed IndexLatestBy , CNN BusinessLink Copied!Ad Feedback — Tesla is still trying to get back on China’s good side.An executive at the electric carmaker told Chinese authorities this week that Tesla will store any data it collects in China within the country’s borders, reported Tuesday night.The remarks from Grace Tao Lin, vice president for external affairs at TeslaChina, follow recent reports in several media outlets that the country’s military had banned Teslavehicles from its complexes over concerns that onboard cameras . The company has also faced...…MarketsFeaturedFear & Greed IndexLatestBy , CNN BusinessLink Copied!Ad Feedback — Tesla is still trying to get back on China’s good side.An executive at the electric carmaker told Chinese authorities this week that Tesla will store any data it collects in China within the country’s borders, reported Tuesday night.The remarks from Grace Tao Lin, vice president for external affairs at TeslaChina, follow recent reports in several media outlets that the country’s military had banned Teslavehicles from its complexes over concerns that onboard cameras . The company has also faced...WW…

MarketsFeaturedFear & Greed IndexLatestBy , CNN BusinessLink Copied!Ad Feedback — Elon Musk’s Tesla has endured a in China. Now he’s working overtime to win Beijing back.The CEO lavished praise on China during an interview with state broadcaster (CCTV), where he pledged that the country would become his electric carmaker’s “biggest market” in the long run. He also lauded China’s economic and climate goals — the country is currently the world’s top greenhouse emitter, but has promised to drastically reduce the emissions over the next decade or so.“I’m very confident about...…MarketsFeaturedFear & Greed IndexLatestBy , CNN BusinessLink Copied!Ad Feedback — Elon Musk’s Tesla has endured a in China. Now he’s working overtime to win Beijing back.The CEO lavished praise on China during an interview with state broadcaster (CCTV), where he pledged that the country would become his electric carmaker’s “biggest market” in the long run. He also lauded China’s economic and climate goals — the country is currently the world’s top greenhouse emitter, but has promised to drastically reduce the emissions over the next decade or so.“I’m very confident about...WW…

Hong Kong (CNN Business)A popular annual consumer rights show in China has sparked a national debate about privacy and surveillance and sent companies scrambling to stay on Beijing's good side.The firestorm first erupted Monday during a two-hour primetime program called "315" that coincides with World Consumer Rights Day. The program is frequently used by China's state media to lambast brands over perceived shortcomings — , and have all been targeted by the show in prior years.This year, concerns about surveillance and privacy were front-and-center. Chinese state broadcaster China Central...…Hong Kong (CNN Business)A popular annual consumer rights show in China has sparked a national debate about privacy and surveillance and sent companies scrambling to stay on Beijing's good side.The firestorm first erupted Monday during a two-hour primetime program called "315" that coincides with World Consumer Rights Day. The program is frequently used by China's state media to lambast brands over perceived shortcomings — , and have all been targeted by the show in prior years.This year, concerns about surveillance and privacy were front-and-center. Chinese state broadcaster China Central...WW…

MarketsFeaturedFear & Greed IndexLatestBy and , CNN BusinessLink Copied!Ad Feedback — One of China’s most powerful financial officials is sounding the alarm over a bubble in global markets.Guo Shuqing, the Communist Party boss at the People’s Bank of China, told reporters in Beijing on Tuesday that confidence in Chinese markets could be hit by volatility around the world.“We are really afraid the bubble for foreign financial assets will burst someday,” said Guo, who is also chairman of China’s Banking and Insurance Regulatory CommissionGuo’s warning follows concerns expressed...…MarketsFeaturedFear & Greed IndexLatestBy and , CNN BusinessLink Copied!Ad Feedback — One of China’s most powerful financial officials is sounding the alarm over a bubble in global markets.Guo Shuqing, the Communist Party boss at the People’s Bank of China, told reporters in Beijing on Tuesday that confidence in Chinese markets could be hit by volatility around the world.“We are really afraid the bubble for foreign financial assets will burst someday,” said Guo, who is also chairman of China’s Banking and Insurance Regulatory CommissionGuo’s warning follows concerns expressed...WW…

MarketsFeaturedFear & Greed IndexLatestBy , CNN BusinessLink Copied!Ad Feedback — Elon Musk’s Tesla spent the last couple of years trying to win over in a bid to conquer . Now the company risks upsetting Beijing’s powerful regulators.The electric carmaker has been summoned by five Chinese regulatory agencies to answer questions about the quality of its Shanghai-made Model 3 cars, according to a statement released Monday by the State Administration for Market Regulation (SAMR). It said regulators were concerned about several problems with the cars, including “abnormal...…MarketsFeaturedFear & Greed IndexLatestBy , CNN BusinessLink Copied!Ad Feedback — Elon Musk’s Tesla spent the last couple of years trying to win over in a bid to conquer . Now the company risks upsetting Beijing’s powerful regulators.The electric carmaker has been summoned by five Chinese regulatory agencies to answer questions about the quality of its Shanghai-made Model 3 cars, according to a statement released Monday by the State Administration for Market Regulation (SAMR). It said regulators were concerned about several problems with the cars, including “abnormal...WW…

Hong Kong (CNN Business)Alibaba reported a big quarter for its e-commerce business. But China's most famous tech firm faced nervous investors on Tuesday as a regulatory crackdown by Beijing and co-founder Jack Ma's fall from grace cast a shadow over its future.The company reported a 37% jump in revenue for the quarter ended December compared to a year earlier. That was better than what analysts were expecting, according to forecasts from Refinitiv. 's core e-commerce operations have as people turned to online shopping to buy things without leaving their homes. And the most recent quarter...…Hong Kong (CNN Business)Alibaba reported a big quarter for its e-commerce business. But China's most famous tech firm faced nervous investors on Tuesday as a regulatory crackdown by Beijing and co-founder Jack Ma's fall from grace cast a shadow over its future.The company reported a 37% jump in revenue for the quarter ended December compared to a year earlier. That was better than what analysts were expecting, according to forecasts from Refinitiv. 's core e-commerce operations have as people turned to online shopping to buy things without leaving their homes. And the most recent quarter...WW…

MarketsFeaturedFear & Greed IndexLatestBy , CNN BusinessLink Copied!Ad Feedback — Alibaba reported a big quarter for its e-commerce business. But China’s most famous tech firm faced nervous investors on Tuesday as a regulatory crackdown by Beijing and co-founder Jack Ma’s fall from grace cast a shadow over its future.The company reported a 37% jump in revenue for the quarter ended December compared to a year earlier. That was better than what analysts were expecting, according to forecasts from Refinitiv.Alibaba’s core e-commerce operations have as people turned to online...…MarketsFeaturedFear & Greed IndexLatestBy , CNN BusinessLink Copied!Ad Feedback — Alibaba reported a big quarter for its e-commerce business. But China’s most famous tech firm faced nervous investors on Tuesday as a regulatory crackdown by Beijing and co-founder Jack Ma’s fall from grace cast a shadow over its future.The company reported a 37% jump in revenue for the quarter ended December compared to a year earlier. That was better than what analysts were expecting, according to forecasts from Refinitiv.Alibaba’s core e-commerce operations have as people turned to online...WW…

New York/Hong Kong/London (CNN Business)Global markets and US stock futures dropped Monday after the White House for the coronavirus pandemic and President Donald Trump warned the disease could kill up to 90,000 Americans.Hong Kong's tumbled more than 4% as tensions escalated, while South Korea's dropped 2.7%. Other major markets in Asia, including those in Japan and mainland China, were closed for holidays. European markets dropped sharply even as lockdowns were eased in some of the region's biggest economies. Germany's shed 2.8% in early trading, while France's dropped 3.2%. The was off...…New York/Hong Kong/London (CNN Business)Global markets and US stock futures dropped Monday after the White House for the coronavirus pandemic and President Donald Trump warned the disease could kill up to 90,000 Americans.Hong Kong's tumbled more than 4% as tensions escalated, while South Korea's dropped 2.7%. Other major markets in Asia, including those in Japan and mainland China, were closed for holidays. European markets dropped sharply even as lockdowns were eased in some of the region's biggest economies. Germany's shed 2.8% in early trading, while France's dropped 3.2%. The was off...WW…