Investing.com -- Chinese automaker BYD has filed a lawsuit against the U.S. government challenging President Donald Trump's tariffs and requesting a refund for all levies paid since last April.
In the legal filing, four of BYD's U.S. subsidiaries argue that the law does not authorize border taxes, stating that "the text of IEEPA does not employ the word 'tariff' or any term of equivalent meaning."
BYD stated in the lawsuit that it filed an independent complaint to protect... (continue reading...)
Investing.com -- AppLovin Corp (NASDAQ: APP) stock surged 7% Monday after Jefferies analyst James Heaney defended the company amid its significant year-to-date decline.
Heaney reiterated a Buy rating and $860.00 price target on AppLovin, describing the stock’s 39% year-to-date drop as "a great buying opportunity" for what he considers a high-growth company. The analyst expects AppLovin to deliver over 50% top-line growth by fiscal year 2026.
The mobile technology... (continue reading...)
Investing.com -- The U.S. economy is positioned for stronger growth through 2026 and beyond, with Yardeni Research outlining 10 factors supporting a bullish outlook for both real GDP and S&P 500 earnings.
Yardeni’s long-term projections call for economic growth to “return to 3.6% or higher over the remainder of the ‘Roaring 2020s’ and into the ‘Roaring 2030s.’”
The firm said recent data suggests momentum has already accelerated, noting that real GDP rose “3.8% (saar)... (continue reading...)
Investing.com -- S&P Global Ratings has downgraded its forecast for China's property sales in 2026, now predicting a 10% to 14% decline compared to its earlier October estimate of a 5% to 8% drop.
"This is a downturn so entrenched that only the government has capacity to absorb the excess inventory," S&P analysts wrote in a Sunday report. They suggested the state could purchase more unsold property to create affordable housing, though current efforts have been... (continue reading...)
Investing.com -- OpenAI CEO Sam Altman informed employees that ChatGPT has resumed "exceeding 10% monthly growth," according to a CNBC report citing an internal Slack message posted Friday.
The company is preparing to launch "an updated Chat model" this week as it works to maintain its competitive edge against rivals like Google and Anthropic.
ChatGPT currently serves more than 800 million weekly users. The company had previously declared a "code red" in December to... (continue reading...)
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