Tag: stocks

Premarket stocks: China’s escalating crackdown on business is moving stocks

New rules published over the weekend take aim at fast-growing tutoring companies, barring them from turning a profit or raising funding on stock markets. The announcement from China’s Ministry of Education has wiped billions of dollars off the market value of several major, publicly-traded education firms. See here: New Oriental Education & Technology (EDU) plunged

Goldman Sachs downgrades Chinese education stocks after new regulation

Xinhua bookstore staff sort out the new semester textbooks. Handan city, Hebei Province, China, 24 August 2020. Costfoto | Barcroft Media | Getty Images Goldman Sachs downgraded three U.S.-listed Chinese education stocks Monday on expectations new regulation will slash the after-school tutoring market by tens of billions of dollars. Source link Mark KleinmanMark Kleinman is