Axos Financial Hit With Short Seller Report, Stock Tumbles
Short seller claims former employee detailed loan practices to hide problems, potentially leading to inadequate provisions. AX shares down 12.01%.
US Department Penalizes 3 Airlines With $2.5M In Fines For Slow COVID-19 Refunds
The U.S. Transportation Department has fined Lufthansa, KLM, and South African Airways $2.5 million for significant delays in issuing COVID-19-related refunds.
What’s Going On With Taiwan Semi Stock On Tuesday?
Taiwan Semi's new Chairman & CEO Wei expects AI to boost industry by 2024, maintains 10% market growth forecast; focuses on future investments
What’s Going On With Sony Stock On Tuesday?
Sony Group Corp (SONY) stock rises as PlayStation VR2's PC adapter set to launch on Aug 7. Adapter will support Steam VR games, DisplayPort needed.
American Express, Trade Desk And More: CNBC’s ‘Final Trades’
American Express Company has "above market growth for below market multiple," Amy Raskin of Chevy Chase Trust said.
‘Really An Incredible Person:’ Jim Farley Says There’s Respectful Rivalry With Tesla CEO Elon Musk, Outlines How Ford Charts Its Own EV Course
Despite being the second-largest EV seller in the U.S. market behind Tesla, Ford sees strong customer loyalty with its EVs.
What’s Going On With Arm Holdings Stock Tuesday?
Arm Holdings aims to dominate Windows PC market with 50% share in 5 years, as Microsoft plans AI-enhanced PCs using Arm tech. Intel faces competition.
Intel Targets China Export Market – What Investors Should Know
Intel aims to maximize chip exports to China, but warns US export controls could prompt China to develop its own semiconductors.
Rio Tinto Invests $143M in Low-Emission Steel Research And Development
Rio Tinto invests $143 million in low-emission steelmaking research and development facility in Western Australia, targeting a 95% reduction in CO2 emissions.
NIO Plans Organizational Changes At Onvo Sub-brand: What’s Going On?
NIO reportedly unveils organizational restructuring, including the rebranding of strategic units, under its Onvo sub-brand, aiming for business and organizational advancement.