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Media outlets are highlighting that the entire tutoring industry could be converted into non-profit entities. For-profit tutoring in the K-9 sector is now banned according to China state media reports. Despite this ongoing chaos, I believe it is unlikely that EDU and TAL will be d...
Ababsolutum/E+ via Getty Images China school tutoring stocks plunged in premarket trading for a second day in a row after the country and companies confirmed that the for-profit tutoring would be banned. Tal Education (TAL) dropped 26%, New Oriental (EDU) plummeted 25% and Gaot...
Iterum Therapeutics plc (ITRM) -43% after announcing FDA’s Complete Response Letter for sulopenem.ATI Physical Therapy, Inc. (ATIP) -25% on Q2 earnings releaseNew Oriental Education & Technology Group Inc. (EDU) -24% provides update on new regulations.China...
The new regulatory restrictions will ban most of K12 after-school tutoring activities or turn TAL K12 services into non-profit businesses. Not all Chinese government policies were fully delivered. TAL businesses are important to Chinese society especially for large cities. F...
New Oriental Education & Technology Group Inc. Provides Update on New Regulations New Oriental Education & Technology Group Inc. Provides Update on New Regulations PR Newswire BEIJING , July 25, 2021 /PRNewswire-Asia/ -- New Oriental Education & T...
A bombshell report on Friday that Beijing was considering turning tutoring firms into non-profit organizations sent shockwaves not only to the industry but across the entire Chinese private sector. The indiscriminate selling ensnared NetEase's Youdao which also sells hardware-based le...
Ababsolutum/E+ via Getty Images China has officially confirmed that the country is banning for-profit school tutoring companies after a report on the possible move sent shares of tutoring firms TAL Education (TAL), New Oriental (EDU) and Gaotu Techu (GOTU) plunging on Friday. Companies that t...
You can read the full article and watch the video here. For further details see: Wall Street Breakfast: What Moved Markets (Podcast)
da-kuk/E+ via Getty Images Chinese loan-services company Sentage (SNTG) tumbled another 43%+ on Friday, taking the stock down nearly 80% in two days as Wall Street’s selloff of recent IPOs from the Asian nation rolled on. Sentage sank to as low as $6.19 before partly rebounding to end ...
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Companies went above and beyond on their earnings reports, and Chinese stocks slid as the Chinese Communist Party cracks down. So what did the stock market do today? Source: Shutterstock The S&P 500 closed up...
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2024-07-11 02:02:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
New Oriental to Report Fourth Quarter 2024 Financial Results on July 31, 2024 PR Newswire BEIJING , July 2, 2024 /PRNewswire/ -- New Oriental Education and Technology Group Inc. (the "Company" or "New Oriental") (NYSE: EDU/ 9901.SEHK), a provider of private ...
2024-06-21 04:20:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...