U.S. PPI, FTC hits Activision deal, lululemon gloom - what's moving markets

Go back to U.S. PPI, FTC hits Activision deal, lululemon gloom - what's moving markets

Chinese EV brand Zeekr files for U.S. IPO

December 13, 2022 1:52 PM EST

China's Geely Automobile Holdings Ltd announced Tuesday that the companys electric car brand, Zeekr, has confidentially filed for a U.S. initial public offering, in what would be the first major Chinese listing in the country in nearly two years.

Reuters on Monday exclusively reported that Zeekr was... More

Li Auto (LI) announces management and board changes

December 9, 2022 1:30 PM EST

Chinese electric vehicle maker, Li Auto (NASDAQ: LI) announced today that the companys president and director, Mr. Yanan Shen has resigned to devote more time to his personal affairs. The resignation will take effect on January 1, 2023. Mr. Shen will stay with the Company to support the Companys continued efforts in the organizational upgrades to prepare for its future success.

The electric automaker also announced that the board has promoted Mr. Donghui Ma, chief engineer, as the president and appointed him as a director of the Company, effective on January 1, 2023. Mr. Yan Xie,... More

Broadcom Limited (AVGO) PT Raised to $550 at Cowen

December 9, 2022 7:35 AM EST

Cowen analyst Matthew Ramsay raised the price target on Broadcom Limited (NASDAQ: AVGO) to $550.00 (from $540.00) while maintaining a Market Perform rating.

... More

Goldman Sachs Downgrades Lululemon Athletica Inc. (LULU) to Buy

December 9, 2022 7:35 AM EST

(Updated - December 9, 2022 7:36 AM EST)

Goldman Sachs analyst Brooke Roach downgraded Lululemon Athletica Inc. (NASDAQ: LULU) from Conviction Buy to Buy with a price target of $431.00 (from $383.00).

The analyst comments "LULU reported a 3Q22 EPS beat with EPS of $2.00 above GS/FactSet consensus... More