JD.com, Roku, Alibaba and more

Check out the companies making headlines before the bell: Adobe (ADBE) – Adobe shares fell 3.7% in premarket trading after the software company issued weaker-than-expected financial guidance for the current quarter and the full year. Adobe is facing headwinds from the war in Ukraine and unfavorable foreign exchange rates, although its most recent quarter did … Read more

China signals easing of tech crackdown but do not expect U-turn policy

China has shown signs of easing its crackdown on the technology sector which has wiped billions of dollars of value from its most prominent companies. But analysts said Beijing’s recent positive rhetoric should not be mistaken for a reversal of policy. “I think the big tech companies will have a grace period for maybe the … Read more

SoftBank Vision Fund posts record $ 27 billion loss as tech stocks dive

SoftBank Founder Masayoshi Son said there is “confusion in the world” and in the markets due to a number of factors including Russia’s invasion of Ukraine, high inflation and central bank moves to raise interest rates. These factors have contributed to a record annual loss at SoftBank’s Vision Fund. Kentaro Takahashi | Bloomberg | Getty … Read more

European markets trade lower after Fed’s Powell signals a rate hike next month

European stocks fell in early trading on Friday after Federal Reserve Chair Jerome Powell said a half-percentage point rate hike is “on the table” for next month. The pan-European Stoxx 600 dropped by 1% shortly after stock markets opened, with the retail, tech and oil and gas sectors marking the biggest losses. Friday’s market open … Read more