BEIJING (Reuters) -Apple supplier Goertek Inc said on Tuesday it plans to buy two units of Hong Kong's Luen Fung Commercial Holdings for about combined HK$10.4 billion ($1.32 billion).
The acquisition of Mega Precision Technology and Channel Well Industrial would help Goertek strengthen competitiveness in the field of precision structural components, the company said in a Shenzhen stock exchange filing.
($1 = 7.8499 Hong Kong dollars)
... (continue reading...)Bowman Says Fed Obligated To Be Transparent, Accountable
Investing.com -- Circle Internet Group (NYSE: CRCL) stock declined over 3% Tuesday after receiving its first downgrade since its June IPO, with shares that initially priced at $31 now trading above $200.
Compass Point analyst Ed Engel downgraded CRCL from Neutral to Sell with a price target of $130, down from $205, citing concerns about the company’s long-term economics relative to its $53 billion valuation. The downgrade comes after U.S. stablecoin legislation passed... (continue reading...)
(Reuters) -Homebuilder Pultegroup on Tuesday posted second-quarter revenue above Wall Street estimates, helped by steady home sales resulting from buyer incentives, sending the company's shares up 1.7% before the bell.
The sector is grappling with a weakening consumer sentiment, prompting builders to offer incentives like mortgage rate buydowns and smaller, more affordable homes to stimulate demand - which in turn hurt their margins.
Home... (continue reading...)
By Abhirup Roy and Akash Sriram
SAN FRANCISCO (Reuters) -A key driver of Tesla's profit is disappearing fast as the U.S. government changes policies on an environmental asset known as regulatory credits.
Investors are likely to have a number of questions for Chief Executive Elon Musk when Tesla reports second-quarter results on Wednesday. Among them are how fast the EV maker can turn a trial robotaxi program into a money-making business, how... (continue reading...)
More General News
View Older Stories-
RTX cuts 2025 profit forecast as tariff costs weigh
-
Airo unveils development of new cargo drone with range of over 200 miles
-
Deutsche Bank: Americans, not foreigners, paying for Trump’s tariffs
-
15 names that Morgan Stanley’s analysts expect to move meaningfully on earnings
-
OpenAI to expand UK office and work with government departments to turbocharge the UK’s AI infrastructure and transform public services
-
OpenAI and UK sign ‘strategic partnership’ in investment push - FT
-
Exclusive-Tesla IT exec with no traditional car-sales experience is running sales, sources say
-
Chevron CEO says Hess deal ruling eases uncertainty for oil industry
-
Microsoft stock target raised at BofA into FQ4 results
-
Trump raises tariff demands in EU trade talks to 15-20% - FT
-
Trump pushes for 15-20% minimum tariff on all EU goods, FT reports
-
Blast at Los Angeles sheriff's facility kills three deputies
-
Invesco stock soars after seeking to convert QQQ Trust to open-ended fund
-
Humana stock falls after losing Medicare bonus payment lawsuit
-
From chips to cloud: AI's golden era is just starting, says Wedbush's Ives
-
Jefferies starts Stoke at Buy, sees $1 bln+ opportunity in rare epilepsy drug
-
BP to sell US onshore wind business to LS Power for undisclosed sum
-
OpenAI faces $700bn+ TAM by 2030: JPMorgan
-
Charles Schwab profit surges on trading boom, asset growth
-
Abbott upgraded after post-earnings selloff, hardware drag seen temporary
-
Morgan Stanley unpacks Tesla's edge: culture, talent, and strategy
-
Intel shares could squeeze higher during earnings, analyst says
-
HSBC says Apple needs more AI to sell more hardware
-
Sarepta shares tumble after report of patient death in early-stage trial
-
Chevron's $53 billion Hess acquisition cleared after arbitration ruling
-
3M sees smaller tariff hit on 2025 profit amid easing US-China trade tensions
-
S&P, Nasdaq end on subdued note after brief dip on latest Trump tariff rumbling
-
Norfolk Southern gains after WSJ reports Union Pacific explores acquisition deal
-
Tesla picks Liberty General Insurance and Acko as insurance partners in India
-
'Squid Game' boosts Netflix quarter, company raises revenue guidance
-
US House passes crypto industry-backed market structure bill
-
Coke's shift to cane sugar would be expensive, hurt US farmers
-
’Feel the AGI’ - OpenAI launches ChatGPT Agent
-
Trump diagnosed with chronic venous insufficiency, remains healthy
-
GSK stock falls after FDA panel rejects blood cancer drug Blenrep
-
Deutsche Bank backs Visa, Mastercard amid fintech sector slump
-
What’s next for Renault stock after profit warning?
-
Waymo expands coverage in Austin, Texas, as robotaxi competition heats up
-
Jungheinrich stock tumbles after guidance cut
-
US import prices rise marginally in June
-
Trump-linked World Liberty Financial coin price could ’skyrocket’ says analyst
-
Boeing deliveries to remain firm after strong Q2: BofA
-
Jefferies downgrades SHAK, SBUX: Warns of stretched valuations, limited upside
-
Lucid stock soars after Uber partnership for autonomous robotaxi program
-
JP Morgan downgrades auto dealers on inventory buildup, tariff woes
-
Warsh calls for Fed overhaul, criticizes current leadership
-
US retail sales growth, steady job market bolster Fed's rate-cut delay
-
Uber to invest $300 million in EV maker Lucid as part of robotaxi deal
-
Barclays sees potential for Tesla stock to outperform. This is how
-
CSX, Norfolk Southern stocks rise on Union Pacific acquisition report
