Soros exits Tesla (TSLA), reduces Rivian (RIVN) stake after 90% drop from peak

Fisker (FSR) explores collaboration with other companies

Fisker (NYSE: FSR) CEO, Henrik Fisker said Wednesday that the electric automaker is exploring collaborations with other companies to scale up market share faster.

"Buyers aren't loyal anymore to their traditional brands. That changes everything. If we collaborate with someone, you can scale quicker ... it could be with suppliers, other car companies, tech companies - we are exploring all these avenues," Fisker said, speaking at the Reuters Automotive Conference in Munich.

During interviews at the conference on Tuesday, senior executives from Polestar (NASDAQ: PSNY) and Smart, rival... More

Tesla (TSLA) reopens talks with India, proposes new EV factory

Reuters reports, citing a source with direct knowledge of the matter, that electric vehicle giant Tesla (NASDAQ: TSLA) told government officials on Wednesday they would like to build a factory in India to build electric cars for domestic sale and... More

Stellantis (STLA) warns UK factories will close if Brexit deal is not changed

Stellantis (NYSE: STLA), the world's No. 3 carmaker by sales and owner of 14 brands including Vauxhall, Peugeot, Citroen and Fiat has warned the U.K. that British car plants will close with the loss of thousands of jobs unless the Brexit deal is swiftly renegotiated.

According to Stellantis, under the current deal it would face tariffs when exporting electric vans to Europe... More

China's BYD launches autonomous driving division and extensive recruitment drive

BYD Co, the largest electric vehicle manufacturer in China, is well aware of its lag behind competitors in autonomous driving technology. In order to address this weakness, the company has established a new division and launched an extensive recruitment campaign.

During an investor forum this month, Senior Vice President Stella Li revealed that BYD Co has successfully recruited approximately 4,000 to 5,000 software engineers. In a transcript verified by the company, she stated, "Although we are currently not leading the pack, we are committed to delivering a... More

Tesla's (TSLA) shareholder meeting: Musk unveils product updates, strategic plans, and an advertising shift; Analysts positive

Tesla (NASDAQ: TSLA) held its annual shareholder meeting in Austin Texas on Tuesday where CEO Elon Musk updated investors on the companys current product fleet, FSD, its Cybertruck production ramp, and plans to complete Part 3 of its Master Plan to provide a path towards a 100% sustainable economy.

The meeting took place just days after Musk announced that there will be a new person heading up Twitter, signaling to TSLA shareholders he may have more time to spend on the electric vehicle giant.

The multi-billionaire reiterated his commitment to... More

Stifel starts EVgo (EVGO) at Buy, believes company is positioned well to capitalize on growth trend

Stifel initiated coverage of EV fast charging company, EVgo Inc. (NASDAQ: EVGO) with a Buy rating and set their 12 month price target for the stock at $9.00.

EVgo is a leading EV charging company based in Los Angeles. Their primary business is the... More

Gov. Abbott signs annual EV tax bill into law

Texas Governor, Greg Abbot signed Senate Bill 505 into law over the weekend, requiring electric vehicle owners to pay $400 to register a new electric vehicle, on top of other fees. Renewing registration will cost $200.

The purpose of the fee is to guarantee that owners of electric vehicles contribute their fair portion towards highway expenses, typically funded by a 20 cent-per-gallon gas tax paid by owners of gasoline-powered and hybrid vehicles.

The bill passed a vote in the... More

Tesla (TSLA) Model 3 dominates reliability study, outperforming ICE counterparts

Teslas (NASDAQ: TSLA) participated in a new reliability study by the Allgemeiner Deutscher Automobil-Club (ADAC) in Germany where their electric Model 3 crushed its internal combustion engine (ICE) counterparts.

It should come as no surprise that electric vehicles (EVs) are generally more reliable than their fossil-fuel-powered counterparts, given their remarkable mechanical simplicity. The superiority of EVs in terms of reliability has been... More

Polestar (PSNY) COO calls for partnerships to tackle supply chain decarbonization challenges

Polestar Autos (NASDAQ: PSNY) COO, Dennis Nobelius said Tuesday that the electric automaker is open to partnerships to tackle the challenges of decarbonizing the supply chain.

While speaking at the Reuters Automotive Conference in Munich, Nobelius said, If we align with partners and say this is how we decarbonize the supply chain... we can make an impact... we would like to team up".

Polestar, whose cars are produced by... More

Tesla (TSLA) seeks approval to expand Shanghai plant, add pouch battery cell production

Tesla (NASDAQ: TSLA) has applied for and is seeking regulatory approval to expand its Shanghai plant and begin producing for the first time pouch-type battery cells in limited quantity.

According to an undated public notice, the Shanghai Gigafactory could potentially expand its capacity to manufacture 1.75 million powertrain units per year, an increase from its current production capacity of 1.25 million units.

Its unclear from the notice, which was posted... More

Tesla (TSLA) introduces discounts for business and fleet buyers in Germany

Electric automaker, Tesla (NASDAQ: TSLA) announced Monday that they have implemented additional discounts for business customers in Germany, signaling the companys increasingly aggressive pricing strategy.

According to a company representative, fleet buyers can now take advantage of an extra 2,250 euro ($2,447) discount. This... More

Tesla (TSLA) faces another lawsuit over impact of software updates on EV batteries

Tesla (NASDAQ: TSLA) is again confronted with a class action lawsuit for limiting the battery capacity inside its vehicles through a software update. A group of U.S. Tesla Model S and Model X owners filed a proposed class-action lawsuit against the electric vehicle manufacturer on Friday claiming the companys automatic software updates allegedly resulted in reduced driving range or even battery... More

Tesla's 'Unboxed Process': Revolutionizing auto manufacturing or a risky endeavor?

Tesla (NASDAQ: TSLA) introduced a new vehicle-assembly systemin March, sparking instant buzz and debate among industry specialists on whether the system, known as the "unboxed process," devised by CEO Elon Musk is a radical innovation, a visionary departure from traditional methods, a derivative concept, or a combination.

Musk believes the company needs to radically rethink conventional manufacturing methods in order to produce electric vehicles at larger volumes that are both more affordable and profitable.

Investors have eagerly anticipated the revelation of what many consider to be Tesla's holy grail: an electric... More

Analysis-Tesla’s new car-making process stokes debate among industry experts

By Norihiko Shirouzu, Paul Lienert and Victoria Waldersee

(Reuters) - Tesla Inc's new vehicle-assembly system, which created instant buzz when it was unveiled in March, ignited a debate among auto manufacturing experts on whether CEO Elon Musk's so-called unboxed process is radical, revisionist or derivative - or all of the above.

Musk believes the company needs to radically rethink conventional manufacturing methods in order to build more affordable - and profitable - electric vehicles in higher volumes.

Investors have been waiting for Tesla, the world's most valuable automaker, to announce what is perceived as the company's... More

Popular stocks increasing volume: PYPL DIS AMC PLTR XOM BAC FSLR BABA SOFI ABNB

Popular stocks increasing volume: PYPL DIS AMC PLTR XOM BAC FSLR BABA SOFI ABNB

Active options: TSLA AAPL GOOGL AMZN NVDA AMD MSFT GOOG META

Active options: TSLA AAPL GOOGL AMZN NVDA AMD MSFT GOOG META

Elon Musk says he plans to devote more time to Tesla (TSLA)

Elon Musk says he plans to devote more time to Tesla (NASDAQ: TSLA)

Obviously, bringing on Linda allows me to devote more time to Tesla, which is exactly what I will be doing!

Midday movers: First Solar, Tesla, Charles Schwab and more

Investing.com -- Stocks were headed for another down week after weaker-than-expected consumer sentiment for May. Here are the market movers for May 12.

Tesla (TSLA) gains valuable endorsement for FSD in China

Electric vehicle giant, Tesla (NASDAQ: TSLA) has gained an important partner in their mission to promote their vehicles, as well as the companys full self-driving program in China.

The Shanghai Municipal Commission of Economy and Informatization (SMCEI) has effectively endorsed the company through a public commitment released by the SMCEI, which was subsequently reported initially... More

Tesla (TSLA) revamps referral program with a chance to win a free Cybertruck

It appears that Tesla (NASDAQ: TSLA) has overhauled its Referral Program, and the changes are quite intriguing. According to observations from the Tesla community, the updated program offers credits towards vehicle purchases, along with an enticing lottery for a pre-release version of the Cybertruck.

According to the electric automakers support page, both existing and new owners are eligible to receive credits. Existing Tesla owners can obtain Referral Credits,... More

Netflix (NFLX) plans to reduce spending by $300m this year according to report

Netflix (NASDAQ: NFLX) is planning on reducing spending by $300 million in 2023, according to a report from The Wall Street Journal on Friday.

It states that people familiar with the matter told the streaming giant is continuing its push to improve... More

Walmart (WMT) May option implied volatility into quarter results

Walmart (NYSE: WMT) May call option implied volatility is at 37, June is at 20; compared to its 52-week range of 16 to 34 into the expected release of quarter results before the bell on May 18.

Active options: TSLA AAPL GOOGL NVDA AMD AMZN NFLX MSFT META

Active options: TSLA AAPL GOOGL NVDA AMD AMZN NFLX MSFT META

Walt Disney (DIS) option IV at low end of range

Walt Disney (NYSE: DIS) May call option implied volatility is at 26, June is at 25; compared to its 52-week range of 28 to 58.

Elon Musk confirms Linda Yaccarino will be new CEO of Twitter

Elon Musk confirms Linda Yaccarino will be new CEO of Twitter

I am excited to welcome Linda... More

U.S. stocks were wobbling amid tepid consumer sentiment

Investing.com -- U.S. stocks were wobbling as investors digested data that showed inflation was cooling but sentiment was weaker than expected.

At 11:34 ET (15:34 GMT), the Dow Jones Industrial Average was down 80 points or 0.2%, while the S&P 500 was down 0.3% and the NASDAQ Composite was down 0.5%.

Netflix plans to cut spending by $300 million this year - WSJ

(Reuters) - Netflix Inc plans to cut its spending by $300 million this year, the Wall Street Journal reported on Friday, citing people familiar with the matter.

Company leaders urged staffers to be judicious with their spending, including in relation to hiring, but said there would be no hiring... More

Netflix (NFLX) Plans To Cut Spending By $300m In 2023 - WSJ

Netflix Plans To Cut Spending By $300m In 2023 - WSJ

Vague rumors Musk could also step down as Tesla CEO after Twitter CEO news

There is a vague rumor from cleantechnica.com that now that Elon Musk has stepped aside at Twitter, he also may step aside at Tesla (NASDAQ:... More

Popular stocks increasing options volume: DIS BABA FSLR SHOP PYPL PLTR NIO SCHW

Popular stocks increasing options volume: DIS BABA FSLR SHOP PYPL PLTR NIO SCHW

Active options: TSLA GOOGL NVDA AAPL AMZN AMD META GOOG DIS NFLX

Active options: TSLA GOOGL NVDA AAPL AMZN AMD META GOOG DIS NFLX

Tesla (TSLA) raises prices on Model S, X, and Y vehicles in the U.S.

Shares of Tesla (NASDAQ: TSLA) are up more than 2% in pre-market trading Friday after the electric vehicle giant increased the U.S. prices of its Model S, X, and Y electric vehicles by low single-digit percentages on Thursday, though prices are still considerably lower than at the beginning of the year.

The companys website showed raised prices... More

Tesla (TSLA) to recall 1.1M imported and China-made vehicles

Chinese regulators announced Friday they received a notification from Tesla (NASDAQ: TSLA) that the electric automaker will deploy software updates to more than 1 million vehicles to allow changes to braking methods and more warnings about the use of accelerator pedals.

According to... More

Musk nabs ex-NBCUniversal ad chief Yaccarino as new Twitter CEO

By Dawn Chmielewski and Sheila Dang

(Reuters) - Elon Musk has named former NBCUniversal advertising chief Linda Yaccarino as Twitter's new CEO, as the company tries to reverse a plunge in ad revenue.

Yaccarino will take over a social media platform beset with challenges and a heavy debt load, after she spent several years modernizing the advertising business at NBCUniversal, which is owned by Comcast Corp.

"I am excited to welcome Linda Yaccarino as the new CEO of Twitter!" Musk said in a tweet on Friday. "@LindaYacc will focus primarily on business operations, while I focus... More

NBCUniversal ad chief Linda Yaccarino to be Twitter CEO - Reports

NBCUniversal ad chief Linda Yaccarino to be Twitter CEO - Reports

Walmart (WMT) PT Raised to $155 at JPMorgan

JPMorgan analyst Christopher Horvers raised the price target on Walmart (NYSE: WMT) to $155.00 (from $150.00) while maintaining a Neutral rating.... More

CPCA releases April NEV sales data, BYD leads holding 34.5% of the market

Sales of electric cars and plug-in hybrids in China fell slightly in April. According to data from the China Passenger Car Association (CPCA), 606.8k new energy vehicles (NEVs) were sold in April, a 2% drop from March. However, compared year-on-year, this marks an increase of 116%. Aprils NEV penetration rate reached 33.9%, a 2.9ppt jump over March and a 5.9ppt jump over last year.

A look at the manufacturers shows that BYD heads the list with 209.5k NEVs, a 99% increase over last years numbers, bringing... More

New Twitter CEO may free up Musk to steer Tesla through easing demand

By Akash Sriram

(Reuters) -Elon Musk's appointment of a new Twitter chief may free up the billionaire from a major distraction and allow him to focus more on Tesla Inc, analysts said on Friday.

Tesla shares, which have gained 40% this year, reversed course to trade down about 2% as broader markets fell. The stock had its worst year in 2022, losing 65%, amid Musk's on-again, off-again offer for Twitter.

Musk said on Friday NBCUniversal executive Linda... More

Tesla, PacWest and Icahn Enterprises rise premarket; Fox falls

Investing.com -- Stocks in focus in premarket trade on Friday, May 12th. Please refresh for updates.

Tesla (NASDAQ: TSLA) stock rose 2% after CEO Elon Musk tweeted on Thursday that he had... More

JD.com, Inc (JD) PT Raised to $42 at Loop Capital

Loop Capital analyst Rob Sanderson raised the price target on JD.com, Inc (NASDAQ: JD) to $42.00 (from $40.00) while maintaining a Hold rating.... More

BofA's Nike (NKE) China bull case implies 10% FY24 EPS upside

BofA analyst Lorraine Hutchinson told investors in a note Friday that Nike (NYSE: NKE) sales in China have picked up.

The analyst, who reiterated a Neutral rating and $135 price target on Nike shares, explained that with China's reopening "such a critical part of the Nike catalyst path," Taobao/Tmall (T/T) trends can provide valuable insights into brand momentum in the China e-commerce channel.

Taobao and... More

Dow futures rise 145 pts; Michigan sentiment data, Twitter news in focus

Investing.com -- U.S. stocks are seen opening higher Friday on growing optimism that the Federal Reserve may pause its monetary tightening campaign, although concerns about a potential recession remain, along with worries about the debt ceiling and the banking sector.

At 07:00 ET (11:00 GMT), the Dow Futures contract was up 145 points, or 0.4%, S&P 500 Futures traded 15 points, or 0.5%, higher and Nasdaq 100 Futures climbed 28 points, or 0.2%.

The blue-chip Dow Jones Industrial Average closed over 200 points, or 0.7%, lower Thursday, recording a fourth straight losing session, on renewed concerns about deposit outflows in the... More

JD.com, Inc (JD) PT Raised to $72 at Benchmark

Benchmark analyst Fawn Jiang raised the price target on JD.com, Inc (NASDAQ: JD) to $72.00 (from $68.00) while maintaining a Buy rating.... More

Tesla (TSLA) adds to Thursday's gains on new Twitter CEO, EV price hike

Shares of Tesla (NASDAQ: TSLA) added 1.5% in pre-open trading Friday after news Elon Musk is naming a new CEO to Twitter and as the company lifted prices slightly in the U.S. on all models:

Walt Disney (DIS) stock downgraded at Wolfe after Q1 earnings

Walt Disney (NYSE: DIS) stock suffered a downgrade at Wolfe Research on Friday as analyst Peter Supino moved to Peer Perform from Outperform.

The analyst noted that the DTC subscriber and linear TV outlooks keep deteriorating, while some positives (e.g.... More

Wolfe Research Downgrades Walt Disney (DIS) to Peerperform

(Updated - May 12, 2023 6:03 AM EDT)

Wolfe Research analyst Peter Supino downgraded Walt Disney (NYSE: DIS) from Outperform to Peerperform.

The analyst comments "We downgrade to Peer Perform with a Fair value range of $82 to $110. The midpoint ($96) is based... More

JD.com, Inc (JD) PT Raised to $57 at HSBC

HSBC analyst Charlene Liu raised the price target on JD.com, Inc (NASDAQ: JD) to $57.00 (from $55.00) while maintaining a Buy rating.... More

JD.Com (H-Shares) (9618:HK) (JD) PT Raised to HK$379 at Jefferies

Jefferies analyst Thomas Chong raised the price target on JD.Com (H-Shares) (9618:HK) (NASDAQ: JD) to HK$379.00 (from HK$358.00) while maintaining a Buy rating.... More

JD.Com (H-Shares) (9618:HK) (JD) PT Raised to HK$379 at Jefferies

Jefferies analyst Thomas Chong raised the price target on JD.Com (H-Shares) (9618:HK) (NASDAQ: JD) to HK$379.00 (from HK$358.00) while maintaining a Buy rating.... More

Tesla raises US prices for all its vehicles except Model 3

By Shivani Tanna and Shubham Kalia

(Reuters) -Tesla Inc increased the U.S. prices of its Model S, X, and Y electric vehicles by low single-digit percentages on Thursday, though prices were still considerably lower than at the beginning of the year.

The company raised the prices for all variants of its higher-priced Model S and X vehicles by $1,000, while prices of all Model Y variants increased by $250, its website showed.

These... More

NBCuniversal's Linda Yaccarino In Talks To Be Twitter CEO - WSJ

NBCuniversal's Linda Yaccarino In Talks To Be Twitter CEO - WSJ

U.S. stocks mixed at close of trade; Dow Jones Industrial Average down 0.66%

Investing.com U.S. stocks were mixed after the close on Thursday, as gains in the Consumer Goods, Technology and Consumer Services sectors led shares higher while losses in the Basic Materials, Oil&Gas and Utilities sectors led shares lower.

At the close in NYSE, the Dow Jones Industrial Average lost 0.66%, while the S&P 500 index declined 0.17%, and the NASDAQ Composite index added 0.18%.

The best performers of the session on the Dow Jones Industrial Average were Coca-Cola Co (NYSE:... More

Stock market today: Dow dips on Disney dive, but Google flexes muscle to lift tech

Investing.com -- The Dow closed lower Thursday, driven by a dive in Disney and ongoing turmoil in regional banks, but another day of big gains for Google kept losses in check.

The Dow Jones Industrial Average fell 0.7%, or 221 points, the Nasdaq gained 0.2%, and the S&P 500 fell 0.2%.

Regional banks remained in the firing line as PacWest Bancorp (NASDAQ:... More

Expiring Citi Catalyst Watches

Expiring Citi Catalyst Watches

NBCUniversal's Linda Yaccarino in talks to become new Twitter CEO - WSJ

(Updated - May 12, 2023 5:27 AM EDT)

Elon Musk said X/Twitter should have a new CEO soon and added that the person should start in approximately 6 weeks. Musk added that his role will transition to the executive chair and CTO, overseeing product, software, and sysops.

The Wall Street Journal... More

Tesla (TSLA) jumps 2% on news of new Twitter CEO

(Updated - May 11, 2023 4:01 PM EDT)

Tesla (NASDAQ: TSLA) jumps 2.3% into the close as Elon Musk said he has found a new CEO for Twitter:

Elon Musk says he has found new Twitter CEO

By Chavi Mehta, Sheila Dang and Dawn Chmielewski

(Reuters) - Elon Musk said on Thursday he has found a new chief executive for Twitter, but did not name the person, while the Wall Street Journal reported that Comcast NBCUniversal executive Linda Yaccarino was in talks for the job.

Musk said in a tweet: "Excited to announce that I've hired a new CEO for X/Twitter. She will be starting in ~6 weeks!"

Musk said he will transition to the role of chief technology officer of the social media platform within the next few weeks.

Excited to announce that I’ve a new CEO for X/Twitter - Elon Musk

Excited to announce that Ive a new CEO for X/Twitter - Elon Musk

Excited to announce that Ive a new CEO for X/Twitter. She will be starting in ~6 weeks!

My role will transition to being exec chair & CTO, overseeing product, software & sysops.

Popular stocks increasing volume: DIS BABA NFLX PLTR AMC PYPL PBR BAC PACW JD

Popular stocks increasing volume: DIS BABA NFLX PLTR AMC PYPL PBR BAC PACW JD

Musk teases 'Major update coming' for Tesla (TSLA) smart summon feature

Elon Musk, the CEO of Tesla (NASDAQ: TSLA), known for his direct engagement on Twitter, responded to a post by @TeslaownerSV on Thursday, hinting at a significant update on the company's smart summon feature saying, that there is a Major update... More

Midday movers: PacWest Bancorp, Walt Disney, Sonos and more

Investing.com -- Stocks were wobbling after disappointing streaming subscriber numbers at Walt Disney and amid renewed weakness in bank stocks.... More

Walt Disney (DIS) option implied volatility after quarter results and outlook.

Walt Disney (NYSE: DIS) May weekly call option implied volatility is at 44, May is at 28; compared to its 52-week range of 28 to 58 after quarter results and outlook.

Tesla (TSLA) shouldn’t call driving system Autopilot because humans are still in control, Buttigieg says - AP

Tesla (NASDAQ: TSLA) shouldnt call driving system Autopilot because humans are still in control, Buttigieg says - AP

U.S. stocks were falling after Disney's earnings, inflation data

Investing.com -- U.S. stocks were falling on Thursday after earnings from Walt Disney and new data on inflation and the labor market.

At 10:28 ET (14:28 GMT), the Dow Jones Industrial Average was down 348 points or 1%, while the S&P 500 was down 0.5% and the NASDAQ Composite was down 0.1%.

Walt Disney Company (NYSE:... More

Polestar (PSNY) slashes production guidance and announces job cuts

Swedish electric automaker, Polestar Automotive (NASDAQ: PSNY) on Thursday lowered its 2023 production guidance and announced that the company would cut headcount by 10%, citing a delayed production start for its Polestar 3 and a challenging environment for the industry.

The electric vehicle company now expects to produce between 60,000 and 70,000 cars this year, versus... More

Popular stocks increasing options volume

Popular stocks increasing options volume: DIS HOOD PLTR PACW JD PYPL U MARA UPST SHOP

Disney, PacWest and Beyond Meat fall premarket; Robinhood rises

Investing.com -- Stocks in focus in premarket trade on Thursday, May 11th. Please refresh for updates.

Walt Disney (NYSE: DIS) stock fell 5.5% after the entertainment giant reported its largest ever quarterly drop in subscribers to its flagship... More

Disney shares fall most since Iger's return after streaming subscriber losses

By Aditya Soni

(Reuters) -Walt Disney Co shares ended down more than 8% on Thursday as a surprise drop in streaming subscribers fanned worries that the media and entertainment company could be sacrificing growth in its bid to stem losses.

The decline erased about $16 billion from the company's market value and marked the stock's sharpest single-day fall since Bob Iger's return in November as Disney CEO. Shares of Warner Bros Discovery and Paramount Global fell more than 3%.

"Disney+ is losing less money not because it's gaining subscribers but because of its... More

U.S. PPI, Disney+ subscribers flee, Yellen's new warning - what's moving markets

Investing.com -- A new batch of economic data offers an additional view of the U.S. inflation picture. Meanwhile, Disney's flagship streaming service is hit by an exodus of subscribers and U.S. Treasury Secretary Janet Yellen issues another warning about the debt ceiling standoff.

1. Futures steady ahead of fresh inflation and labor market data

U.S. stock futures pointed slightly higher on Thursday, but hovered around the flatline, with investors looking ahead to the release of new data that should provide more detail into the state of inflation in the world's... More

Dow futures edge lower; Disney results, PPI data in focus

Investing.com -- U.S. stocks are seen opening in a muted fashion Thursday, with disappointing results from entertainment giant Disney puncturing lingering optimism generated by the previous sessions inflation data.

At 06:45 ET (10:45 GMT), the Dow Futures contract was down 8 points, or 0.1%, while S&P 500 Futures traded 8 points, or 0.2%, higher and Nasdaq 100 Futures climbed 30 points, or 0.2%.

The main indices closed largely higher Wednesday, with the tech-heavy Nasdaq Composite leading the way, gaining over 1%, while the broad-based S&P 500 rose 0.5%.... More

JD.com posts Q1 revenue beat, announces leadership shake-up

Investing.com -- U.S.-listed shares in JD.com (NASDAQ: JD) moved higher in premarket trading on Thursday after the Chinese e-commerce firm posted a better-than-expected top-line result in the first quarter and announced that chief executive Lei Xu will step down.

Net revenues for the three months ended on March 31 rose to RMB 242.96... More

Walt Disney (DIS) PT Lowered to $125 at JPMorgan, 'we like that the focus remains on DTC profitability (over subs)'

(Updated - May 11, 2023 7:07 AM EDT)

JPMorgan analyst Philip Cusick lowered the price target on Walt Disney (NYSE: DIS) to $125.00 (from $135.00) while maintaining a Overweight rating.

The analyst comments "Disney reported solid F2Q results with segment OI ~7% ahead driven by better Parks profitability and lower DTC losses. At DTC, core Disney+ adds... More

Nike (NKE) ticks up following China partner's strong results

Nike (NYSE: NKE) shares ticked higher early Thursday after the company's China partner Pou Sheng reported strong demand and tighter inventory.

Walmart (WMT) PT Raised to $175 at Gordon Haskett

Gordon Haskett analyst Chuck Grom raised the price target on Walmart (NYSE: WMT) to $175.00 (from $165.00) while maintaining a Buy (1) rating.... More

China's JD.com promotes finance chief to CEO role as Xu Lei resigns

(Reuters) -China's e-commerce giant JD.com Inc said on Thursday its chief executive Xu Lei will step down, with the company's chief financial officer taking on the role.

Xu Lei, who has officially been CEO for a year, said on a call with analysts after the company reported first quarter earnings that he had resigned to spend more time with his family.

He will immediately begin the process of handing over CEO responsibilities to Sandy Xu Ran, who will be the company's third CEO and the first female to hold the... More

JD.com (JD) Tops Q1 EPS by RMB 1.27, Beats on Revenue

JD.com (NASDAQ: JD) reported Q1 EPS of RMB4.76, RMB1.27 better than the analyst estimate of RMB3.49. Revenue for the quarter came in at RMB243 billion versus the consensus estimate of RMB241.45 billion.

For earnings history and earnings-related data on JD.com (JD) click here.

JD.com (JD) Announces CEO Change

JD.com, Inc. (NASDAQ: JD), a leading supply chain-based technology and service provider, is pleased to announce today that Ms. Sandy Ran Xu, the current chief financial officer of JD.com, has been appointed as the chief executive officer and an executive director of the Company to succeed Mr. Lei Xu. Mr. Lei Xu will retire from his positions as the chief executive officer and executive director of the Company due to personal reasons. Mr. Ian Su Shan, the current chief financial officer of JD Logistics, has been appointed as the chief... More

Dow, S&P 500 fall with Disney; PacWest leads regional banks lower

By Caroline Valetkevitch

NEW YORK (Reuters) - The Dow and the S&P 500 ended lower on Thursday, dragged down by Walt Disney Co as it lost subscribers, while PacWest led declines in regional banks after posting a drop in deposits.

Lifting the Nasdaq, shares of Alphabet Inc rose 4.3%, a day after Google rolled out more artificial intelligence products to take on competition from Microsoft Corp. Microsoft shares eased 0.7% and were among the biggest negative influences on the S&P 500 and Nasdaq.

PacWest Bancorp shares dropped 22.7% after it reported its deposits fell 9.5% last week and that it... More

JPMorgan Upgrades Norfolk Southern (NSC) to Overweight

JPMorgan analyst Brian Ossenbeck upgraded Norfolk Southern (NYSE: NSC) from Neutral to Overweight with a price target of $250.00 (from $236.00).

For an analyst ratings summary and ratings history on Norfolk Southern click here. For more ratings news on Norfolk Southern click here.

Shares of Norfolk Southern closed at $208.50 yesterday.

Rivian Automotive Inc (RIVN) PT Lowered to $22 at Barclays

Barclays analyst Dan Levy lowered the price target on Rivian Automotive Inc (NASDAQ: RIVN) to $22.00 (from $28.00) while maintaining a Overweight rating.... More

Netflix (NFLX) option implied volatility low into Disney (DIS) results

Netflix (NASDAQ: NFLX) 30-day option implied volatility is at 32; compared to its 52-week range of 31 to 86 into Disney (DIS) results.

JD.com (JD) May weekly 35 straddle into quarter results

JD.com (NASDAQ: JD) May weekly 35 straddle is priced for a move of 8% into the expected release of quarter results today before the bell.

Stocks expected to have increasing option volume: DIS U ENTG APP TPR CAKE BYND GRPN HOOD

Stocks expected to have increasing option volume: DIS U ENTG APP TPR CAKE BYND GRPN HOOD