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StreetInsider.com Top Tickers, 6/23/2026
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Chip stocks plunge, but bargain-hunters stem losses in other tech names
- FedEx falls 4% as FY2027 profit forecast misses expectations despite Q4 beat
- Oil prices finish 1% lower as investors focus on Hormuz flows after peace talks
- South Korea leveraged ETF crisis sparks global chip selloff
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Needham Starts NeoVolta (NEOV) at Buy
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
Indonesia eases tax rules on EV imports in bid to attract investment
December 13, 2023 10:14 AM ESTThe Indonesian government released details of new regulations, signed December 8th, designed to attract investors looking to build electric vehicle (EV) plants in the country.
The new regulations will grant automakers that plan to build electric vehicle plants tax incentives on their imports of completely built EVs until 2025.
Under the plan, companies that have already invested in EV plants, intend to boost their EV investments, or have plans for future investments in this sector... More
HSBC cuts Ferrari (RACE) to Hold, upgrades Porsche on China exposure
December 13, 2023 9:25 AM ESTHSBC Global Research downgraded Ferrari (NYSE: RACE) to a Hold rating (From Buy) and raised their 12-month price target on the luxury auto stock to $340.00 (From $325.00) as analysts believe consensus for 2024 appears stretched and the potential for an earnings surprise appears limited.
At the same time, HSBC upgraded rival luxury automaker, Porsche AG to a Buy rating (From Hold) and cut their 12-month price target on the stock to $100.00 (from $110.00) following the companys recent price correction.
During economic... More
UAW accuses VW, Hyundai, and Honda of illegal union busting
December 11, 2023 3:13 PM ESTThe United Auto Workers (UAW) union announced Monday that workers organizing with the UAW at Honda (NYSE: HMC) in Indiana, Hyundai in Alabama, and Volkswagen in Tennessee, have filed charges against management for illegally union-busting.
The union, riding high on recent wins in Detroit, has been collaborating with employees from 13 different automakers to unite their workforce. Altogether, approximately 150,000 autoworkers are covered by this union effort.
These companies are breaking the law in an attempt to get... More
