JPMorgan cuts rating on Nio, warns of overblown investor expectations for electric vehicle maker

JPMorgan has downgraded its rating on Nio, a leading Chinese electric vehicle maker, amid concerns that investor expectations for the company have become too high. The investment bank warned that the recent run-up in Nio's stock price has led to overblown expectations, while a recent earnings miss has added...

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Xiaomi, a major Chinese smartphone manufacturer, is targeting Samsung and Apple with its latest $1,000 device.

Xiaomi, a major Chinese smartphone manufacturer, is known for producing high-quality devices at affordable prices. However, the company has set its sights on the premium smartphone manufacturer market with its latest release, the Xiaomi Mi 12 Ultra. Priced at $1,000, the Mi 12 Ultra is designed to compete with...

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Salesforce stock surges by 16% following a forecast that exceeded expectations.

Salesforce, a leading customer relationship management (CRM) software provider, saw its shares jump by 16% after reporting better-than-expected forecasts for the coming year. The company's strong fourth-quarter earnings report, released on February 28, 2023, showed a significant increase in revenue and earnings per share (EPS). Salesforce stock reported Q4...

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At least six companies have filed lawsuits against Twitter, which is led by Elon Musk, for allegedly failing to pay their bills.

At least six companies have filed lawsuits against Twitter, which is led by billionaire entrepreneur Elon Musk, for allegedly failing to pay their bills. The lawsuits claim that Twitter owes the companies a total of millions of dollars for services provided. The lawsuits come at a time when Twitter...

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Amazon finalizes acquisition of health clinic as part of healthcare strategy centered around physicians.

Amazon has announced the completion of its acquisition of a health clinic, signaling a major step forward in the company's healthcare strategy. The acquisition is part of a larger effort by Amazon to expand its healthcare offerings and build a stronger presence in the industry. The health clinic, which...

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Adani maps prolific comeback strategy after $135 billion hindenburg rout

Adani Group, an Indian multinational conglomerate, is one of the largest players in the Indian infrastructure industry with diverse interests in ports, logistics, energy, and agriculture. However, the group's recent Hindenburg Rout has raised concerns among investors and stakeholders, leading to a significant drop in share prices and market...

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