China Pumps the Brakes on Ride Hailing App Didi After NYSE Debut
Beijing-based ride hailing app Didi Global's shares fell more than 10 percent on the NYSE on June 2 after China broadened an internal probe into the company, blocking new users from signing up for the...
Hard Times for Stock Market, Small Businesses Under Biden: Poll Respondents
A recent CNBC poll of the investment community has surveyed how they believe the economy would fare under a Biden administration. The December poll results found that two thirds believe the stock market will do...
Law Demands Chinese Companies to Comply with SEC or De-list
Foreign companies are now required to adhere to U.S. accounting rules, according to a new law signed by President Donald Trump on Dec. 18. The Holding Foreign Companies Accountable Act, originally passed by the Senate...
Senate Passes Bill That Could Delist Chinese Firms From US Exchanges
Mainland Chinese companies must adhere to U.S. national financial regulations, or face delisting on America’s stock exchanges, according to legislation passed by the Senate on May 20. The bill applies to listed firms, as well...