Alibaba stock plunges nearly 11% in record Hong Kong decline

Timeline: China's crackdown on private enterprise

Alibaba (BABA) dropped 10.7%, the steepest decline since its listing in the city in November 2019. The fall in Hong Kong followed a similar plunge Thursday in its share price on Wall Street after the company reported disappointing quarterly earnings and warned that results for the year will miss analysts’ estimates. So far this year, … Read more

Moderna Stock Plunges as Vaccine Sales, Earnings, Miss Forecasts

Moderna Stock Plunges as Vaccine Sales, Earnings, Miss Forecasts

Text size Vials of the Moderna Covid-19 vaccine. Guillaume Souvant/AFP via Getty Images Moderna shares plunged 12.3% in premarket trading on Thursday after sales of the company’s Covid-19 vaccine fell short of Wall Street analysts’ estimates by more than a billion dollars. The company reported total revenue of $5 billion for the third quarter of … Read more