Benchmark analyst Mark Zgutowicz initiated coverage of multiple social media stocks. Zgutowicz initiated coverage of Twitter Inc. with a Hold rating and no price target. He views Twitter as providing high utility to a niche user base. Still, he sees limited ability to scale beyond an otherwise event-driven branding platform and does not believe Twitter will ever achieve…
China Cuts Lending Benchmark, Market Sees More Easing in 2022
SHANGHAI—China cut its lending benchmark loan prime rate (LPR) for the first time in 20 months on Monday, in a bid to prop up growth in the slowing economy, although it remains wary of loosening conditions in the country’s highly leveraged property market. The one-year LPR was lowered by 5 basis points to 3.80 percent…
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