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...
Read moreXiaomi, 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...
Read moreTesla, the electric vehicle company founded by Elon Musk, is requesting an additional $330 million in Nevada tax breaks from the state of Nevada. The request comes on top of the $1.3 billion in tax incentives that Tesla has already received from the state to build its Gigafactory in...
Read moreSalesforce, 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...
Read morePou Chen Corporation, one of the largest shoe manufacturers in the world, recently announced that it would cut 6,000 jobs in Vietnam. The decision was made in response to the continued impact of the COVID-19 pandemic, which has led to a decline in global demand for footwear. Pou Chen...
Read moreIn a move that is likely to have a significant impact on the future of work in the tech industry, Amazon has announced that it is asking its corporate staff to be in the office at least three days a week. The new policy, which takes effect in the...
Read moreAt 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...
Read moreAdobe’s stock has declined following reports that the Department of Justice (DOJ) intends to file a lawsuit to impede the company's acquisition of Figma deal. The $20 billion Figma deal acquisition is seen as a key part of Adobe's growth strategy, but regulatory scrutiny could derail the deal. The...
Read moreAmazon 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...
Read moreAdani 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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