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Weekly Preview: Earnings to Watch This Week (BIDU, COIN, DIS, NIO)

A better-than-expected jobs report was not enough to excite the market on Friday. The three major averages ended the day mixed, with the S&P 500 posting a gain of 0.13 percent, the Nasdaq Composite Index gaining 0.08 percent, and the Dow Jones Industrial Average falling by 0.08 percent. The US Department of Labor reported that the country’s economy added 528,000 jobs in July, which exceeded analyst expectations. In addition, the number of jobs created in June also exceeded the previous month’s. The US’ unemployment rate fell to 3.5%, which is its lowest level since the Great Depression. It was also lower than the 3.6% thatRead More →

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Baidu Approval

Baidu said it received approval from Chinese cities to provide its ride-hailing service, which is mainly operated without a safety or driver in the vehicle. The company noted that it would charge passengers for its service in the cities of Shenyang and Wuhan. The company, which is the first Chinese firm to get this type of permit, said it would operate its service in Wuhan and Changchun from 9 a.m. to 5 p.m. It would also operate in a 30 square-kilometer area in the city of Chongqing. Baidu’s vice president for intelligence driving said that the company’s decision to launch its ride-hailing service in theseRead More →