by iwd | May 22, 2024 | Business
By Summer ZhenHONG KONG (Reuters) – Global hedge funds added to their holdings of Chinese equities for a fourth straight week, joining hordes of investors trying to get ahead of a rebound in the market. The beaten-down stocks in the world’s second-largest...
by iwd | May 22, 2024 | Business
By Casey Hall and Akash Sriram(Reuters) -PDD Holdings beat first-quarter revenue estimates on Wednesday, powered by strong adoption of its international shopping site, Temu, and as its Chinese discount e-commerce platform Pinduoduo attracted more customers.The...
by iwd | May 22, 2024 | Business
By Siddharth Cavale and Ananya Mariam Rajesh(Reuters) -Target on Wednesday said it expects consumer caution to persist after it reported quarterly earnings that missed Wall Street estimates and issued a forecast for the current quarter that was also largely below...
by iwd | May 21, 2024 | Business
(Reuters) – AutoZone beat estimates for third-quarter profit on Tuesday, driven by strong demand for automotive parts as more Americans held on to their ageing cars amid higher prices and wait times for newer models.Quarterly net sales at the auto parts...
by iwd | May 21, 2024 | Business
SHANGHAI (Reuters) – China’s Li Auto said it has postponed plans to launch pure electric SUV models to next year, citing hurdles such as a lack of enough fast chargers, sending its shares down more than 17% on Tuesday.The decision comes as Li Auto, which...
by iwd | May 21, 2024 | Business
(Reuters) – Amazon.com’s cloud services unit has paused orders of Nvidia’s most advanced “superchip” to wait for a more powerful new model, the Financial Times reported on Tuesday.The new model called Blackwell, the chip sector...
by iwd | May 21, 2024 | Business
(Reuters) – The PC just got an AI makeover, raising hopes that the buzzy technology would help revive an industry that has been on a steady decline over the last few years. Here’s everything we know about AI PCs:WHAT ARE AI PCS?Manufacturers say these...
by iwd | May 20, 2024 | Business
(Reuters) – Activist investor Elliott Investment Management has built a position worth over $1 billion in Johnson Controls International Plc, Bloomberg News reported on Sunday.The Bloomberg report also said that Elliott’s intentions behind the stake in the...
by iwd | May 20, 2024 | Business
BEIJING (Reuters) – Apple has launched an aggressive discounting campaign on its official Tmall site in China, offering discounts of up to 2,300 yuan ($318) on select iPhone models. The discounting comes as the U.S. tech giant seeks to defend its position in the...
by iwd | May 20, 2024 | Uncategorized
By Stephen CulpNEW YORK (Reuters) -U.S. stocks followed the example of their European counterparts, gaining ground on Monday while gold and copper touched all-time highs powered by investor optimism over cooling inflation and easing central bank policy.All three major...
