Salesforce shares pop 5%, continuing post-earnings rally and pushing stock to best week since 2023
Salesforce
shares popped 5% on Friday, extending a rally that began after the company’s better-than-expected earnings report earlier in the week.
The stock climbed 13% over the past five days, its best weekly performance since December 2023.
China’s risky shadow banks back in spotlight after Beijing’s debt crackdown
China’s crackdown on borrowing by local governments is forcing state-run entities in even some of the wealthiest provinces to tap costly credit from non-bank lenders, a stopgap that is increasing risk in an opaque corner of the financial system.
The borrowing marks a return of China’s shadow-banking market, which is more loosely regulated than traditional lenders and had been reined in over the past few years in a bid to reduce risk. Since September, industrial investment arms and financing pla
Why China’s consumers found the hype around plant-based meat hard to swallow
The closure of Beyond Meat’s China business, despite heavy financing and marketing, underscores challenges that scuppered many vegan meat firms
Only a few years ago, the notion that Beyond Meat – the former poster child of the plant-based meat industry – would shut down its operations in China seemed unthinkable. At the height of the brand’s popularity, its label could be found adorning heavily promoted products at restaurants and grocery stores across major cities.
