Ford must rethink its brand for China as EVs boom, CEO says:
reuters.com/business/autos-transportation/ford-must-rethink-its-brand-china-evs-boom-ceo-says-2023-04-21/
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| Last Updated | Apr 21 23 |
| Total Articles | 4 |
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Ford CEO Jim Farley Heaps Praise On China EV Maker That Is In 'Totally Different World Than Tesla' - XPen
benzinga.com/markets/asia/23/04/31930140/ford-ceo-jim-farley-heaps-praise-on-china-ev-maker-that-is-in-totally-different-world-than-tesla
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Ford CEO Jim Farley Heaps Praise On China EV Maker That Is In 'Totally Different World Than Tesla' - XPen
benzinga.com/markets/asia/23/04/31930140/ford-ceo-jim-farley-heaps-praise-on-china-ev-maker-that-is-in-totally-different-world-than-tesla
BYD’s Push Into Electric SUVs and Premium Cars Is a Threat to More Than Just Tesla
barrons.com/articles/byd-tesla-stock-models-0d9d7fc9
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The UAW-Volkswagen Unionization Vote Ends Today. It Matters for Ford, GM.
barrons.com/articles/uaw-volkswagen-unionization-vote-172e3498
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Is Tesla in Big Trouble? Signs Point to Yes: Tesla has for years seemingly defied the rules other automakers are forced to play by. No more.
motortrend.com/features/tesla-trouble-problems-2024/
Quick Glance: Tesla resolves lawsuit following deadly Autopilot crash
- Tesla reached a resolution in a wrongful-death lawsuit stemming from a fatal 2018 crash.
- Following the death of Apple engineer Walter Huang in Autopilot mode, his family filed a lawsuit.
- Specifics of the resolution, prior to the set trial date, remained undisclosed.
Is Tesla in Big Trouble? Signs Point to Yes: Tesla has for years seemingly defied the rules other automakers are forced to play by. No more.
motortrend.com/features/tesla-trouble-problems-2024/
Is Tesla in Big Trouble? Signs Point to Yes: Tesla has for years seemingly defied the rules other automakers are forced to play by. No more.
motortrend.com/features/tesla-trouble-problems-2024/
“BYD was never in the game” - Barke comments in detail about Ford in Saarlouis: The Saarland Economics Minister Jürgen Barke (SPD) commented in detail on the ...
saarbruecker-zeitung.de/saarland/saar-wirtschaft/byd-war-nie-im-spiel-barke-aeussert-sich-ausfuehrlich-zu-ford-in-saarlouis_aid-110423277
Paid articlePaid Ford Doesn’t Have a Ferrari Division, but Ford Pro Could Be a Stock Catalyst
barrons.com/articles/ford-stock-ferrari-pro-earnings-84a92295
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Ford (F) Earnings Beat Estimates on Work Truck Sales: Ford Motor Co., rapidly retooling its electric vehicle strategy in a decelerating market for plug-ins ...
bloomberg.com/news/articles/2024-04-24/ford-beats-sales-profit-estimates-amid-ev-strategy-overhaul
Tesla CEO Elon Musk Is Fixing His Strategic Mistake—in the Nick of Time: Tesla’s earnings show that EVs aren’t dead yet. The industry is just on the other side ...
barrons.com/articles/tesla-gm-ford-model-2-ev-earnings-strategy-87d9677f
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Huawei sales are soaring in China as Apple sinks: Huawei is not only making a roaring comeback in China, it is also on the verge of overtaking Apple in the ...
cnn.com/2024/04/23/tech/huawei-apple-smartphone-sales-china-hnk-intl/
Michigan Central Station hiring 60 ambassadors for opening weekend, summer: Michigan Central station is hiring 60 welcome ambassadors to help host the crowds for ...
freep.com/story/news/local/michigan/detroit/2024/04/24/michigan-central-hiring-ambassadors-jobs/73438164007/
The Tesla Cybertruck Has Had a Rough Start. Now Production Is Halted.: Tesla seems to have run into a problem producing its newest model, its oddly-shaped pickup ...
barrons.com/articles/tesla-cybertruck-production-halted-ac750c17
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Ford recalls over 450,000 vehicles in US for issue that could affect battery, NHTSA says
usatoday.com/story/money/cars/recalls/2024/04/17/ford-recall-bronco-sport-maverick/73352450007/
Ford Motor: P/E Is A Poor Indicator Of Cyclical Low: Ford's low P/E ratio of 6.5x is not the best indicator. The main reasons for my bull considerations are ...
seekingalpha.com/article/4684680-ford-motor-pe-is-a-poor-indicator-of-cyclical-low
Paid articlePaid Ford F-250 King Ranch Truck Review: It's Not for Cybertruck Fans: The $95,000 Super Duty diesel pickup is a tough, reliable workhorse inspired by the Old ...
bloomberg.com/news/articles/2024-04-22/ford-f-250-king-ranch-truck-review-it-s-not-for-cybertruck-fans
Volkswagen Workers Vote ‘Yes’ to a Union. What That Means for GM and Ford.: Volkswagen employees in Tennessee agree to be represented by the United Auto Workers.
barrons.com/articles/volkswagen-union-vote-172e3498
Paid articlePaid US auto sector 'whipsawed' by politicians, Ford chairman says: The U.S. auto industry needs regulatory certainty from politicians in Washington and the back and ...
reuters.com/business/autos-transportation/us-auto-sector-whipsawed-by-politicians-ford-chairman-says-2024-04-17/
Tesla's Robotaxi Plans Face Major Challenges: Tesla, Inc. CEO Elon Musk's plan to launch a robotaxi service brings potential profitability ...
seekingalpha.com/article/4683452-tesla-robotaxi-plans-face-major-challenges
Paid articlePaid Large Fund Bets Big on Groceries in the Face of Persistent Inflation: Alaska Permanent, the largest U.S. state wealth fund, just tripled investments in Walmart ...
barrons.com/articles/groceries-inflation-walmart-kroger-ford-aa705f60
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Ford is slashing prices on its electric F-150 Lightning: Ford has cut up to $5,500 off certain models of F-150 Lightning as it looks to reignite sales of the ...
qz.com/ford-f150-lightning-ev-price-cuts-1851408712
Black swan hedge fund says Fed rate cuts will signal market crash: While U.S. financial markets debate the timing of interest rate cuts, one tail-risk hedge fund ...
reuters.com/markets/us/black-swan-hedge-fund-says-fed-rate-cuts-will-signal-market-crash-2024-04-22/
UAW scores historic landslide victory to unionize the first foreign automaker in the US
freep.com/story/money/cars/2024/04/19/results-uaw-union-vote-volkswagen-chattanooga-tennessee/73374618007/
Quick Glance: UAW Secures Historic Victory as Volkswagen Workers in Tennessee Vote for Union Representation
- Volkswagen workers in Chattanooga, Tennessee, made history by voting to join the United Auto Workers, marking the first auto factory in the South since the 1940s to unionize.
- Nearly three-quarters of 3,613 workers voted yes in a three-day election with high turnout, granting the union a significant first win in its efforts to organize factories of a dozen automakers in the South.
- The organizing effort concludes a strong year for the U.S. labor movement, obtaining record wage increases across various industries through strikes and tough negotiations.
- The UAW, led by President Shawn Fain, achieved notable successes in negotiations with Detroit automakers last fall, securing substantial raises and benefits through a contentious strike.
Ford recall on Broncos, Escapes over fuel leak, engine fire risk prompt feds to open probe
usatoday.com/story/money/cars/recalls/2024/04/12/ford-recall-bronco-escape-fuel-leak-probe/73299991007/
Ford, GM Stock Price Targets Are Rising. Wall Street Trims Tesla Stock.
barrons.com/articles/tesla-stock-ev-ford-gm-1096b617
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Ford recalls nearly 43,000 SUVs due to gas leaks that can cause fires, but remedy won't fix leaks
apnews.com/article/ford-recall-engine-compartment-fire-fuel-leak-a002bb4d939d59cab10136abbc471fbd
Quick Glance: Ford recalls nearly 43,000 SUVs due to gas leaks
- Ford is recalling nearly 43,000 small SUVs because gasoline can leak from the fuel injectors onto hot engine surfaces, increasing the risk of fires, without fixing the fuel leaks.
- The recall covers certain Bronco Sport SUVs from the 2022 and 2023 model years, as well as Escape SUVs from 2022 with 1.5-liter engines.
- Dealers will install a tube to let gasoline flow away from hot surfaces and update engine control software to detect a pressure drop in the fuel injection system.
- Ford will extend warranty coverage for cracked fuel injectors and provide replacements for owners who experience the issue.
India's IndiGo places first-ever widebody order for 30 Airbus A350 jets: IndiGo, India's top airline by market share, placed an order with Airbus for 30 A350-900 ...
reuters.com/business/aerospace-defense/indias-indigo-places-order-30-airbus-widebody-aircraft-2024-04-25/
E.V. Sales Are Slowing. Tesla’s Are Slumping.: More competition and flagging demand for electric vehicles has led to declining sales at Tesla.
nytimes.com/2024/04/15/business/ev-car-sales-tesla.html
China's EV survival game creates peril - and power: By most measures, the last thing China needs is more electric cars crowding a market with more losers than ...
reut.rs/49Q1bZK
Ford, Daimler Truck, Chrysler, Jeep among 131k vehicles recalled: Check car recalls here
usatoday.com/story/money/cars/recalls/2024/04/15/car-recall-check-ford-daimler-truck-chrysler/73294129007/
So far 6000 euros for the Ahrtal: The old boys from Fellingshausen keep collecting donations for the Ahr Valley and want to continue to provide help.
giessener-anzeiger.de/lokales/biebertal-ort848760/bisher-6000-euro-fuer-das-ahrtal-93025090.html
Rivian (RIVN), Lucid (LCID) Eye Record Lows as Ford Price Cut Fans EV Concerns: Shares of electric vehicle startups Rivian Automotive Inc. and Lucid Group Inc ...
bloomberg.com/news/articles/2024-04-11/rivian-lucid-eye-record-lows-as-ford-price-cut-fans-ev-concerns
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Check out the new Mustang 60th Anniversary: Today is the Mustang's birthday. Obviously Ford had to celebrate...
pistonheads.com/news/ph-americancars/check-out-the-new-mustang-60th-anniversary/48426
Apple's Q1 phone sales in China fall 19.1%, Huawei's up 70%: Apple's smartphone shipments in China tumbled 19% in the first quarter of the year ...
reuters.com/technology/apples-q1-phone-sales-china-fall-191-huaweis-up-70-2024-04-23/
Ford Celebrates 60 Years Of Mustang With Special Anniversary Package: Limited to just 1,965 units, the 60th Anniversary pack is offered exclusively for the 2025 ...
carbuzz.com/ford-mustang-60-years-special-anniversary-package/
Tsukiji 2030s: A stadium, culinary center and transportation hub: Massive redevelopment plans for the former site of Japan's world-famous fish market aim to turn ...
japantimes.co.jp/business/2024/04/22/companies/tsukiji-market-redevelopment/
First-time buyers face toughest test for 70 years, lenders say: First-time buyers depend on two high incomes or parental support, the Building Societies ...
bbc.com/news/articles/c87zgx42m5go
Opinion | Antisemitism in Dearborn, Past and Present: My hometown loved Henry Ford. Today some residents are all too keen to echo his ugly views about the Jews.
wsj.com/articles/dearborn-returns-to-its-antisemitic-roots-henry-ford-protests-israel-gaza-8a3fed72
iPhone sales are plunging. Here’s why: Apple’s smartphone sales tumbled 10% last quarter, according to market research firm IDC, as sales in China fell sharply.
cnn.com/2024/04/15/tech/iphone-sales-plunging/
Quick Glance: iPhone sales plummet. Here's why
- Apple’s smartphone sales dropped by 10% last quarter, primarily due to a sharp decline in sales in China.
- Samsung had been the top smartphone manufacturer for 12 years, but Apple briefly took the top spot last year.
- The global smartphone market is showing signs of recovery with a 7.8% increase in smartphone shipments in the first quarter of 2024.
- Despite expectations for Apple and Samsung to maintain their market dominance, the rise of Huawei and other Chinese manufacturers like Xiaomi and OPPO/OnePlus may continue.
Apple loses top phonemaker spot to Samsung as iPhone shipments drop, IDC says: Apple's smartphone shipments dropped about 10% in the first quarter of 2024 ...
reuters.com/technology/apple-loses-top-phonemaker-spot-samsung-iphone-shipments-drop-idc-says-2024-04-15/
New Shelby Super Snake unveiled with 830hp: Shelby American has spent a year developing its first S650 Mustang. The results speak for themselves...
pistonheads.com/news/ph-americancars/new-shelby-super-snake-unveiled-with-830hp/48434
US new home sales rebound to six-month high; rising mortgage rates a concern: Sales of new U.S. single-family homes rebounded in March from February's downwardly ...
reuters.com/markets/us/us-new-home-sales-rebound-march-2024-04-23/
Ford Bronco recall coincides with O.J. Simpson’s death: Federal regulators announced a Ford Bronco recall investigation coinciding with O.J. Simpson's death ...
nydailynews.com/2024/04/12/ford-bronco-recall-oj-simpson-death/
Quick Glance: O.J. Simpson's Failed Attempt at Rebranding
- O.J. Simpson tried unsuccessfully to improve his image through social media.
- Despite attempts at normalization through videos, he could not alter his negative image.
- Expert Bernt Ullmann explains Simpson's lack of remorse, crucial for a successful comeback.
- Simpson's controversial videos further polarized and isolated him from the public.
Microsoft's AI lead puts Amazon cloud dominance on watch: Upcoming quarterly reports from U.S. tech giants may show Microsoft is closing the gap on ...
reuters.com/technology/microsofts-ai-lead-puts-amazon-cloud-dominance-watch-2024-04-24/
Quick Glance: Microsoft's Leadership in AI Threatens Amazon Cloud Dominance
- Microsoft is poised to potentially surpass Amazon in the cloud computing market with innovative AI features.
- Upcoming quarterly reports from Microsoft will illuminate the impacts of AI investments.
- Microsoft's Azure cloud service could experience significant growth fueled by generative AI.
- Google and Amazon are also focusing on integrating AI into their cloud services.
UAW's Shawn Fain makes Time's list of 100 most influential people of 2024: UAW President Shawn Fain has been named as one of Time's 100 most influential people ...
freep.com/story/money/cars/2024/04/17/uaw-fain-biden-time-most-influential-people/73357552007/
Cryptoverse: Hold for the halving: Could bitcoin's bumper rally just be getting started this year?
reuters.com/markets/currencies/cryptoverse-hold-halving-2024-04-16/
Quick Glance: Bitcoin 'Halving' Completed, CoinGecko Reports
- Bitcoin, the world's largest cryptocurrency, completed its 'halving' on Friday, a phenomenon that occurs roughly every four years according to CoinGecko.
- Following the 'halving', Bitcoin remained relatively stable, dropping by 0.47% to $63,747.
- The 'halving' was integrated into Bitcoin's code at its inception to reduce the rate of new Bitcoins being created.
- Experts are divided on whether the upcoming 'halving' will boost Bitcoin's price, with some viewing it as already factored in, while others remain skeptical.
China leaves benchmark lending rates unchanged, in line with expectations: China left benchmark lending rates unchanged at a monthly fixing on Monday ...
reuters.com/world/china/china-leaves-benchmark-lending-lprs-unchanged-line-with-expectations-2024-04-22/
China's largest auto show showcases all-electric future, local brands dominate: China's largest auto show opened in Beijing on Thursday with the biggest names ...
reuters.com/business/autos-transportation/chinas-largest-auto-show-showcases-all-electric-future-local-brands-dominate-2024-04-25/
Finley: Light-bulb moment for pickups: The G-men are coming for pickup trucks, of which I feel even more passionately about than I do bulbs.
detroitnews.com/story/opinion/columnists/nolan-finley/2024/04/13/finley-light-bulb-moment-for-pickups/73239301007/
Ford Road project would mean no left turns: Ford Road, a heavily traveled route west of Detroit, would become a boulevard in coming years under a $65 million ...
freep.com/story/news/local/michigan/wayne/2024/04/13/road-near-ikea-expected-to-get-major-redo/73209657007/
There is a lack of staff at Germany's weekly markets: Weekly markets are not only a place for regional produce, but also a meeting place ...
tagesschau.de/wirtschaft/arbeitsmarkt/wochenmaerkte-handel-personal-100.html
Is the tea bubble bursting? ChaPanda shares plunge in Hong Kong IPO: Shares in Chinese bubble tea chain Sichuan Baicha Baidao failed to pop during their market ...
cnn.com/2024/04/23/investing/chabaidao-ipo-hong-kong-flop/
Quick Glance: ChaPanda's Disappointing Hong Kong Debut Sees 40% Price Drop
- Chinese tea chain Sichuan Baicha Baidao, also known as ChaPanda, had a disappointing debut on the Hong Kong market with a significant price drop in morning trading.
- The shares opened at 15.74 Hong Kong dollars, 10% below its IPO price of HK$17.50, and plummeted close to 40% at one point, closing the morning session at HK$11.34, down by 35%.
TSMC's first quarter profit rises 9%, beats forecasts: TSMC , the world's largest chipmaker and a major Apple and Nvidia supplier, forecast second-quarter sales ...
reuters.com/technology/tsmc-set-report-5-rise-first-quarter-profit-strong-ai-chip-demand-2024-04-18/
Quick Glance: TSMC Forecasts Q2 Growth Due to 'Insatiable' AI Demand
- TSMC, the world's largest chipmaker, forecasts a potential up to 30% increase in sales in the second quarter, driven by strong demand for semiconductors used in artificial intelligence (AI).
- The CEO of TSMC emphasized the insatiable demand for energy-efficient computing power for AI applications, stating that almost all AI innovators are collaborating with the company.
- Benefiting from the AI wave, TSMC expects revenue from AI servers to surpass 20% by 2028. The company anticipates that strong demand for its 3nm and 5nm technologies will support business in the second quarter of 2024.
- Forecasts for 2024 indicate TSMC's positive outlook, with expectations of revenue rising in the low- to mid-20% range. Despite sluggish smartphone demand, the company remains optimistic about the future due to the ongoing demand for advanced chip technologies.
Saleen 302 Black Label Ford Mustang Debuts With 800 HP: The S650 Mustang was designed to be difficult to tune, but that hasn't stopped Saleen from ...
carbuzz.com/s650-saleen-302-black-label-mustang-debut/
China’s growing love of luxury watches remains strong, despite economic headwinds
cnn.com/2024/04/19/style/china-luxury-watches/
General Motors beats quarterly results targets, raises forecast: General Motors on Tuesday posted quarterly results that topped Wall Street targets and raised ...
reuters.com/business/autos-transportation/general-motors-beats-quarterly-results-targets-raises-forecast-2024-04-23/
Conduzi um Tesla Cybertruck pela primeira vez - e tudo correu mal: Os Teslas vêm com um adaptador que permite carregar em carregadores que não são da Tesla - mas ...
businessinsider.de/wirtschaft/international-business/ich-fuhr-zum-ersten-mal-einen-tesla-cybertruck-und-alles-ging-schief/
Driver of Ford EV was using automated system before fatal Texas crash, investigators say
detroitnews.com/story/business/autos/ford/2024/04/11/feds-ford-ev-driver-was-using-automated-system-before-fatal-texas-crash/73294500007/
US weekly jobless claims remain at low level: The number of Americans filing new claims for unemployment benefits was unchanged at a low level last week ...
reuters.com/world/us/us-weekly-jobless-claims-unchanged-low-levels-2024-04-18/
Elon Musk is heading to India. He could deliver a big win for Tesla and Narendra Modi
cnn.com/2024/04/19/cars/india-elon-musk-visit-investment-intl-hnk/
China to Stop Displaying Real-Time Data for Foreign Flows Into Stocks: China will soon cease displaying real-time data for flows into the world’s second-largest ...
bloomberg.com/news/articles/2024-04-15/china-to-end-live-feed-on-gauge-of-foreign-flows-into-stocks
Paid articlePaid Shopping for ‘the classics’: Why the pre-owned luxury watch market is thriving: What’s old is new again, and the longstanding phrase couldn’t be more apropos ...
cnn.com/2024/04/24/style/luxury-pre-owned-watches/
Germany says Europe is open to Chinese cars but not at any price: German Chancellor Olaf Scholz pressed his case on Monday for an open and fair European market ...
cnn.com/2024/04/15/business/china-germany-chancellor-cars-overcapacity-hnk-intl/
Ford Fireworks will light up sky in June: What to know: The 66th edition Ford Fireworks are set to dazzle downtown Detroit skies this summer ...
freep.com/story/news/local/michigan/detroit/2024/04/14/ford-fireworks-set-for-its-66th-edition-what-to-know/73321159007/
Exclusive: Abu Dhabi Islamic Bank in talks to buy $1.1 bln stake in Indonesian lender, sources say
reuters.com/markets/deals/abu-dhabis-largest-islamic-bank-talks-buy-11-bln-stake-indonesian-lender-sources-2024-04-17/
Asking prices for UK homes close to record high, Rightmove says: Prices of homes being sold in Britain are close to their record highs after the biggest annual ...
reuters.com/world/uk/asking-prices-uk-homes-close-record-high-rightmove-says-2024-04-21/
Focus: Czech arms maker CSG chief eyes place on global stage: Michal Strnad, who a decade ago became head of CSG, a family defence business ...
reuters.com/business/aerospace-defense/czech-arms-maker-csg-chief-eyes-place-global-stage-2024-04-14/
BOJ will hike rates if trend inflation accelerates, gov Ueda says: The Bank of Japan will raise interest rates again if trend inflation accelerates toward its 2% ...
reuters.com/markets/asia/boj-will-hike-rates-if-trend-inflation-accelerates-says-gov-ueda-2024-04-23/
Ohio senator wants Biden to permanently ban Chinese EVs from US: The chair of the Senate Banking Committee on Thursday urged President Joe Biden to block ...
reuters.com/business/autos-transportation/ohio-senator-wants-biden-permanently-ban-chinese-evs-us-2024-04-11/
2024 Toyota Land Cruiser: Hybrid power and advanced tech usher in off-road hero’s new era
freep.com/story/money/cars/mark-phelan/2024/04/16/2024-toyota-land-cruiser-harnesses-hybrid-power-to-challenge-jeep-ford/73336891007/
Ferrari Was Born From Alfa Romeo and 9 More Things You Never Knew About the Prancing Horse
robbreport.com/motors/cars/interesting-facts-ferrari-1235575218/
EV maker Lucid beats first-quarter delivery estimates as price cuts boost demand: Lucid reported first-quarter deliveries above market expectations on Tuesday as ...
reuters.com/business/autos-transportation/ev-maker-lucid-beats-first-quarter-delivery-estimates-2024-04-09/
2023-24 Detroit News All-Detroit girls basketball teams: David Goricki of The Detroit News selects the top girls basketball players from Detroit for the 2023-24 ...
detroitnews.com/story/sports/high-school/2024/04/17/2023-24-detroit-news-all-detroit-girls-basketball-teams/73292153007/
BHP’s Bold $39 Billion Bid to Transform the Mining Landscape: BHP, the world's largest mining firm, has launched a $39 billion acquisition bid for its ...
riotimesonline.com/bhps-bold-39-billion-bid-to-transform-the-mining-landscape/
Quick Glance: BHP Proposes Acquisition to Anglo American
- Anglo American receives BHP buyout proposal, reshaping the copper market.
- The proposal involves BHP acquiring Anglo shares, sparking industry transactions.
- Anglo reviews proposals after profit decline, plans demergers to reduce South Africa exposure.
- The potential deal could make BHP the world's largest copper producer with market impacts.
Q1 US GDP shows surprise slowing and uncomfortable inflation: U.S. economic growth slowed more than expected in the first quarter, but a surprisingly hot ...
reuters.com/markets/us/view-q1-us-gdp-shows-surprise-slowing-uncomfortable-inflation-2024-04-25/
Quick Glance: Disappointing Q1 Economic Growth and Implications
- The U.S. GDP grew at a rate of 1.6% in the first quarter, falling below expectations due to slower inventory replenishment and weak export growth.
- Despite the disappointing growth last quarter, this could potentially alter the views of Fed officials who were not keen on cutting rates following an upsurge in consumer prices.
- Some analysts believe that the weaker-than-expected report indicates the beginning of a broader economic slowdown.
- The report also highlights the performance of other sectors of the economy, such as the surge in housing construction, business investment growth, slower government spending, and the impact of trade on economic growth.
Meta shares sink on higher AI spending, light revenue forecast: Meta Platforms disappointed investors on Wednesday with forecasts of higher expenses and ...
reut.rs/44hescF
Quick Glance: Meta Quarterly Results: Revenue Expectations Lowered, Stock Fell
- Meta's quarterly results exceeded expectations, but the revenue forecast for the next quarter was lowered.
- Despite successful ad business and increasing user numbers, Meta's stock experienced a drop of over 10 percent.
- Analysts caution about Meta's reduced revenue expectations for the second quarter, leading to investor skepticism.
- Zuckerberg plans to significantly increase investments in AI models in the coming years to enhance Meta's leading position in the artificial intelligence domain.
Microsoft-backed Rubrik prices US IPO above range at $32/shr: Rubrik , the cybersecurity software startup that counts Microsoft among its investors ...
reuters.com/markets/deals/microsoft-backed-rubrik-prices-ipo-above-range-32-per-share-source-says-2024-04-24/
Comcast tops revenue estimates on streaming growth, strong park attendance: Comcast beat quarterly revenue estimates on Thursday driven by higher-than-expected ...
reuters.com/business/media-telecom/comcast-tops-revenue-estimates-streaming-growth-strong-park-attendance-2024-04-25/
Toyota pilots EV pickup trucks in key Thai market: Toyota launched a public transport pilot on Thursday with nine fully electric Hilux Revo pickup trucks in ...
reuters.com/business/autos-transportation/toyota-pilots-ev-pickup-trucks-key-thai-market-2024-04-25/
AstraZeneca leaps after smashing first-quarter forecasts: AstraZeneca sailed past market expectations for quarterly revenue and profit on Thursday ...
reuters.com/business/healthcare-pharmaceuticals/astrazeneca-beats-first-quarter-revenue-profit-estimates-2024-04-25/
Microsoft Smashes Earnings Expectations—Stock Up 5%: The world’s largest company continues to impress Wall Street.
forbes.com/sites/dereksaul/2024/04/25/microsoft-smashes-earnings-expectations-stock-up-5/
South Korea prepares new monitoring system to detect illegal stock short selling: South Korea's financial market watchdog said on Thursday it had prepared a new ...
reuters.com/markets/asia/south-korea-prepares-new-monitoring-system-detect-illegal-stock-short-selling-2024-04-25/
Quick Glance: South Korea introduces monitoring system to curb illegal stock short selling
- South Korea's financial market watchdog has developed a new monitoring mechanism to detect illegal short-selling transactions in the stock market. Institutional investors will be electronically processed and filtered through a central detection system to prevent illegal trades.
- South Korea has made various reform efforts to address the 'Korea discount' in the stock market, where domestic companies have lower valuations compared to global peers due to factors like low dividend payouts and opaque governance structures.
- Last November, South Korea imposed a sudden ban on short selling of shares for the first half of the year after discovering illegal trades by foreign investment banks. Authorities stated that the ban would remain until adequate measures are in place to prevent such practices.
- The FSS aims to implement the new monitoring system swiftly after finalizing it, although no specific date was provided for the implementation.
Nissan, Mazda roll out new models for China as they aim for comeback: Nissan Motor and Mazda Motor unveiled new cars tailored for Chinese drivers on Thursday ...
reuters.com/business/autos-transportation/nissan-unveils-four-concept-cars-fuel-china-comeback-2024-04-25/
China's largest auto show showcases all-electric future, local brands dominate: China's largest auto show opened in Beijing on Thursday with the biggest names ...
reut.rs/3JTSeEt
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