Newsfeeds Archive - Page 83 of 97

1 minute read

Cathie Wood Snaps Up $421K In Shares Of This 3D Printing Partner Of Elon Musk’s SpaceX

September 22, 9:37 PM

Cathie Wood’s Ark Investment Management on Friday hiked its stake in Velo3D Inc (NYSE: VLD), a 3D-printing technology firm that counts Tesla Inc (NASDAQ: TSLA) CEO Elon Musk's SpaceX

AJRD

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Tesla Battery Supplier CATL’s Rival Eyes $1.7B Hong Kong IPO: Here Are The Details

By Bhavik Nair

September 22, 9:01 PM

Chinese battery-maker CALB Co., which is a rival to companies like Contemporary Amperex Technology Co Ltd. (CATL) and Warren Buffett-backed BYD Co. (OTC: BYDDF) (OTC: BYDDY), is looking to

BYDDF

2 minute read

Asia
News

CATL’s 3rd Largest Customer After Tesla, Nio Cuts Reliance On Battery Giant In Bid For Diversification

By Bhavik Nair

September 22, 12:29 AM

XPeng Inc (NYSE: XPEV) has diversified its battery suppliers and does not count industry giant CATL as its primary supplier, said Brian Gu, President of the Chinese electric car maker, according to

NIO

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Alibaba Plunges, Xpeng, Nio Nosedive: Fed Rate Hike and Projections Push Hang Seng To 2011 Lows

By Bhavik Nair

September 21, 10:49 PM

Hong Kong's benchmark Hang Seng Index lost over 1.9% in opening trade to hit 2011 lows after the U.S. Federal Reserve raised interest rates by 0.75% and indicated they could be hit as high as 4.6% next year. That dented stocks of U.S.-listed Chinese EV makers, whose business prospects depend a lot on interest rates.

BABA

1 minute read

China’s Top Online Travel Service Provider Swings To $6M Profit In Q2, But COVID-19 Curbs Sour Recovery

By Bhavik Nair

September 21, 9:05 PM

China’s leading online travel service provider Trip.com Group Ltd (NASDAQ: TCOM) reported a second-quarter profit of RMB 43 million ($6 million) compared to a net loss of RMB 659 million ($93.5 million) a year earlier and RMB 1 billion in the previous quarter.

TCOM

2 minute read

Tesla Rethinks China Sales Strategy, Wants To Wind Down Stores In Flashy Malls: Report

By Bhavik Nair

September 15, 4:34 AM

Tesla Inc (NASDAQ: TSLA) is re-evaluating the way it is selling electric cars in China and is considering winding down some showrooms located in flashy malls in cities like Beijing that witnessed a slump in traffic during pandemic restrictions, reported

TSLA

2 minute read

Netflix Could Face Legal Action Over South Korean Crime Drama In Suriname: What You Should Know

By Bhavik Nair

September 15, 4:05 AM

Suriname is considering legal action against the producers of South Korea's hit Netflix Inc (NASDAQ: NFLX) series "Narco-Saints" which it believes fosters negative images of the nation by portraying it as a "narco-state." The story was

NFLX

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Nio, EV Shares Drop Over 1%, While Alibaba, Tech Peers Mixed: What’s Weighing On Hong Kong Stocks Today

By Bhavik Nair

September 14, 10:33 PM

Hong Kong stocks opened mixed on Thursday morning, with the benchmark Hang Seng gaining 0.38%, while EV stocks declined. Shares of XPeng, Li Auto and Nio fell over 1%.

BABA

2 minute read

Cathie Wood Buys Nearly $7M In This Sapped Bitcoin-Linked Stock — Also Picks Up Shares In CareDx

By Bhavik Nair

September 14, 9:12 PM

Cathie Wood-led Ark Investment Management has bought over 100,000 shares of Jack Dorsey’s Block Inc (NYSE: SQ), valued at over $6.9 million based on Wednesday’s closing price.

ARKG

2 minute read

Google And Facebook Parent Fined Millions Of Dollars By South Korea Over Privacy Law Violations

By Bhavik Nair

September 14, 6:26 AM

South Korea has imposed fines to the tune of millions of dollars on Alphabet Inc’s (NASDAQ: GOOGL) Google and Meta Platforms Inc (NASDAQ: META) following

GOOGL