![]() SnowFlake (SNOW): The cloud-based data storage and analytics service rose by more than 3% after DA Davidson initiated coverage with a Buy rating and a $200 price target, suggesting the stock could rise another 20% from its current level.ĭocusign ( DOCU): Docusign (DOCU): The company lost more than 2% Friday afternoon after popping initially when it reported better-than-expected quarterly results on Thursday after the bell. Square said early Friday that “services are steadily regaining their functionality.” Here are some of the stocks leading Yahoo Finance’s trending tickers page in afternoon trading on Friday:īlock: ( SQ): Shares of the payment processing company fell more than 5% Friday afternoon following widespread outages Thursday and Friday that left businesses unable to process credit-card payments or access their accounts. Another red flag for the economy: the share of the population that is above working age, at 60 years and older, will approach 50% in the next decade. After spiking in the mid-1990’s, population growth in urban areas has slowed, with a pronounced drop in the covid-era, heading toward zero. The nation’s shifting demographic are weighing on China’s economic prospects. And while in 2000 there were 10 workers for every retiree, today there are only 5, according to the analysis. Youth unemployment is high and rising, with roughly 1-in-5 workers aged 16 to 24 out of a job. While housing makes up roughly one-quarter of the country’s GDP, the real estate market is cooling across 70 major cities. That’s the argument from Apollo Global Management’s chief economist Torsten Slok, whose worrisome outlook amplifies a wave of recent news headlines and analysis that forecast an end to China’s 40-year boom once regarded as an “ economic miracle.”Īn array of economic data bolsters Slock’s argument. The alarming slowdown in China that has sent waves of anxiety through US markets is not just a cyclical downswing, but reflects broader shifts in worsening demographics and the dire consequences of a deflating housing bubble. Worsening demographics weigh on a struggling China “Down the road, ok, let’s see when that happens.” “Materialy, in terms of dollars and sense I don’t see any impact near term,” he said. But he did say the move signals an escalation of tensions between China and other countries, as Beijing attempts to warn other nations against restricting tech exports and placing limits on Chinese technology. Santosh Rao, the Head of Research at Manhattan Venture Partners, echoed those sentiments, t elling Yahoo Finance Live that even if the government ban is enforced, the number of devices that would be banned is only a tiny sliver of Apple’s footprint. The losses add up to about a $200 billion slice in market capitalization, after Chinese officials reportedly asked government employees to stop using the company’s signature smartphones at work.īut even as China represents about one-fifth of Apple's revenue, Morgan Stanley analyst Erik Woodring wrote Friday that the alarming headlines were overblown and that “ the stock move is overdone." The iPhone maker’s stock has shed more than 5% in the last few days, registering its biggest back-to-back slide in 10 months. ![]() So far more than 4 million student loan borrowers have enrolled in the new income-driven repayment plan that the Biden administration touts as “the most affordable ever.” How the repayments will impact less prepared borrowers remains to be seen. ![]() This is in line with our expectations and is good news because it means that there is less downside risk to spending going forward.”īut the analysts did caution that those proactive borrowers are likely those who are in the best financial situation. “In our view, the premature spike in repayments in August suggests that borrowers were largely prepared for the resumption in repayments and have probably made the required adjustments to spending. A spike in deposits at the Department of Education in August suggests that borrowers are paying down their principal, now that the period of forbearance has ended, the analysts said. Spiking deposits ease worries of student loan repaymentsĪnalysts at Bank of America are growing less concerned about the challenges posed by student loan repayments, which are set to restart next month. ![]()
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