04-01-2022, 10:02 AM
Quote:Chinese search engine giant Baidu Inc said on Thursday it is exploring options, after the company was added to a U.S. securities regulator's list of companies that face the risk of being delisted. Baidu and its streaming affiliate iQIYI (IQ.O) will continue to comply with applicable laws and regulations in both China and the United States, the company said.
Quote:China's Baidu exploring options after U.S. delisting risk | Reuters
Quote:CNBC’s Jim Cramer on Thursday predicted that Wall Street will price in a bottom soon and the market will be set for a “tremendous rally.” “Suddenly, the conventional wisdom says there’s too much of everything, so prices are going to come down. Stock prices are anticipating that. And that’s why the only sectors that sustained rallies in the first quarter were the oils, because they’ve cut back, and the utilities, which really act well only when there’s going to be a heavy recession,” the “Mad Money” host said. “We price in this negativity far more quickly than you’d think. Maybe it takes a month, maybe only a few weeks. But it will happen and once it does, we’ll be poised for one incredible, tremendous rally,” he later added.Cramer: Market will find a bottom soon and is poised for a rally