StockMarketNews.Today – Chinese smartphone maker Xiaomi Inc (1810.HK) said on Friday it will rejig its businesses and create new leadership positions aimed at building a second tier to CEO Lei Jun, amid increased scrutiny of governance and successions at Chinese tech firms.
Boeing focused on China as ‘key customer’ amid trade war. U.S. aerospace and defense giant Boeing is less concerned about tariffs the Trump administration implemented earlier this year.
StockMarketNews.Today – The company is currently building a 737 finishing center in the country, since one-third of all 737 exports are currently going to China, the CEO said, adding that Boeing has to make all of its plans in “the context of the trade discussions.”
Facebook Inc. shares continued to lag behind FANG counterparts on Thursday after a pair of analysts took opposing sides on the stock.
StockMarketNews.Today – Facebook is the only member of the group that’s lost value in 2018, as data privacy scandals and scrutiny over its role in election meddling have weighed on user growth and spurred greater spending on things like security. Facebook has lost about 8 percent so far this month and is on track to close at its lowest since April.