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General Motors Shifts Gears: Strikes $19B Pact with LG Chem For Fueling EV Dream

By Lekha Gupta
February 7, 11:46 AM
General Motor's strategic collaboration with LG Chem marks a milestone in the race towards sustainable transportation, with a long-term cathode material supply contract valued at KRW 25 trillion. This move underscores GM's dedication to advancing its EV initiatives and securing a robust battery supply chain for future growth.

GM

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Why Oil & Gas Major Equinor Shares Are Diving Premarket Wednesday

By Lekha Gupta
February 7, 10:11 AM
Equinor's (NYSE: EQNR) disappointing 20% Y/Y drop in adjusted revenue reflects market challenges amidst falling gas prices, impacting overall earnings. Despite strong equity liquids production, the company faces a significant 49% Y/Y decline in adjusted earnings, signaling turbulent times in the energy sector.

EQNR

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Mixed Q4 For TotalEnergies: Profit Miss, Pledges Shareholder Returns With Dividend Hike + $2B Buyback

By Lekha Gupta
February 7, 8:45 AM
TotalEnergies' Q4 FY23 earnings beat estimates with $59.237 billion in revenue, showcasing resilience amidst sector challenges. Despite a 12% Y/Y dip in hydrocarbon production, the company's commitment to shareholders is evident through a 7.1% dividend increase to €0.79 and $2 billion share repurchase program.

TTE

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1 minute read

Is the Worst Over for the U.S. Economy? Deutsche Bank Says Yes!

By Lekha Gupta
February 6, 4:04 PM
Deutsche Bank (NYSE: DB) reverses recession forecast for FY24 in the U.S., citing improved economic indicators like cooling inflation and a balanced labor market. Despite revised growth projections of 1.9%, Deutsche Bank anticipates Fed rate cuts from June, aiming for a 100 basis points reduction in 2024, down from an earlier expectation of 175 bps.

DB