TAL Education Group (TAL)
After hours:
- Bloomberg
EdTech Firm Fires 60,000 in Worst Cuts Since China Crackdown
(Bloomberg) -- New Oriental Education & Technology Group Inc. fired tens of thousands of employees, the biggest layoffs disclosed since China embarked on a wide-ranging crackdown on private enterprises more than a year ago. Most Read from BloombergCypriot Scientist Says Deltacron Covid Variant Isn’t ErrorWorld’s Biggest Crypto Fortune Began With a Friendly Poker GameCyprus Finds Covid-19 Infections That Combine Delta and OmicronStocks Come Off Day’s Lows as Dip Buyers Resurface: Markets WrapGold
- Yahoo Finance
'China is uninvestable,' says Bond king Jeffrey Gundlach
DoubleLine founder Jeffrey Gundlach sends a warning to those looking to put money to work in China.
- Motley Fool
Why Chinese Education Stocks Bounced Higher Today
As of 3:10 p.m. ET Wednesday, shares of hard-hit Chinese education stocks New Oriental Education (NYSE: EDU), Gaotu Techedu (NYSE: GOTU), and TAL Education (NYSE: TAL) are soaring -- up 8.3%, 12.2%, and 13.7%, respectively. Ever since the Chinese government announced its crackdown on the for-profit education industry this past summer, New Oriental, Gaotu, and TAL, too, have been in the dumps.
