September 24, 2024
“Mercedes shares fell more than 6% Friday after becoming the latest carmaker to cut its 2024 guidance. The German carmaker cited weaker demand from China as the main driver of the downgrade. The auto sector was dragged lower on the… Continue Reading…
July 25, 2024
“…The stock closed down 12% on Wednesday at $215.99. It’s now down 13% for the year, while the Nasdaq is up 16% over that stretch. Tesla on Tuesday said auto revenue declined 7% from a year earlier to $19.9 billion while margins… Continue Reading…
July 9, 2024
“”Tesla Inc. suffered a 24.2% year-on-year fall in shipments from its factory in Shanghai, marking the fourth time this year output has fallen for the electric car leader amid a price war in China…” https://finance.yahoo.com/news/tesla-china-shipments-expected-slump-094746245.html I can’t read anymore. I… Continue Reading…
April 16, 2024
“…Hayes added that U.S. tax payments, due on April 15, coupled with the Federal Reserve’s quantitative tightening (QT) policies, could remove dollar liquidity from the market, leading to broad-based risk aversion and a fire sale of crypto assets around halving. “Given that… Continue Reading…
January 22, 2024
“Sales of previously owned homes fell 1% in December compared with November to 3.78 million units on a seasonally adjusted annualized basis, according to the National Association of Realtors. Sales were 6.2% lower than in December 2022, marking the lowest level… Continue Reading…
November 9, 2023
“Sony on Thursday reported a 29% drop in operating profit in the fiscal second quarter as the Japanese electronics giant suffered from weakness in its imaging sensor — or chip — business. Here’s how Sony did in the September quarter versus… Continue Reading…
August 21, 2023
“Singapore Telecommunications reported on Monday a 23% decline in first-quarter net profit, citing the one-off impact at Bharti Airtel in Nigeria as the naira depreciated sharply against the U.S. dollar, as well as high costs. Singapore Telecommunications (SingTel), Southeast Asia’s… Continue Reading…
August 14, 2023
“The numbers follow economic news in the past week that showed deflation arriving in July as manufacturers and retailers cut prices in a bid to lure buyers and move excess stock. Exports and imports also plunged more than expected, while… Continue Reading…
June 26, 2023
“Germany risks staying mired in recession this year after a closely-watched barometer of business activity slumped in June. The decline, led by a “substantial” decline in manufacturing, saw the closely-watched Ifo business climate index slump to 88.5 in June following May’s reading… Continue Reading…
April 24, 2023
“Samsung could report its worst profit in 14 years this week, as prices for memory chips, its biggest business, continue to fall, while demand stays weak. The South Korean technology giant guided earlier this month that it would post operating… Continue Reading…
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