Jamie Dimon Warns Of Possible ‘Hard Landing’ For US Economy, Stagflation A Serious Threat
JPMorgan CEO Jamie Dimon warns of potential hard landing for US economy, citing stagflation as worst-case scenario due to rising inflation.
Tesla Starts Construction Of Megapack Energy Storage Battery Factory, First Outside USA
Tesla ignites Shanghai with the start of Megapack energy storage battery factory construction, signaling a groundbreaking move in global energy innovation
US Commerce Department Grants $75M To Absolics For Semiconductor Facility In Georgia
The U.S. Commerce Department has awarded Absolics Inc a $75 million grant to build a 120,000 square-foot facility in Covington, Georgia, under the CHIPS and Science Act. This investment will boost U.S. semiconductor technology by advancing glass substrate technology for semiconductor packaging. Expected to create 1,200 jobs, this initiative supports the $52.7 billion government effort to enhance semiconductor manufacturing and development.
What Would An Ethereum ETF Approval Mean For The Price Of ETH?
As the financial world closely watches the developments around the Ethereum (CRYPTO: ETH) Exchange-Traded Fund (ETF), market participants are gearing up for significan
Exxon Wins Round One in Lawsuit Against Climate Activist Investor: Report
US judge allows Exxon's lawsuit against activist shareholder group seeking to bar climate resolution, raising concerns about stifling debate.
Goldman Sachs Expects Nvidia To ‘Sustain Competitive Lead,’ Raises Price Forecast To $1,200 Following Stellar Q1 Earnings
Goldman Sachs analysts say Nvidia is driven by remarkable earnings and strong growth potential, bringing the price forecast to $1,200.
Hasbro Set For Stellar Performance With New Strategies, Cost Savings: JPMorgan
JPMorgan analyst upgrades Hasbro to Overweight with $74 price target, citing cost efficiency and industry trends. Potential for stock to exceed target.
NetEase’s Q1 Earnings: Gaming Giant Shows Resilience with Growth in Cash Flow and Cloud Music
NetEase, Inc (NTES) reported Q1 2024 revenue of $3.72B, missing analyst estimate of $3.79B. Adjusted EPADS beat at $1.81. Stock price slid after results.
Why Ticketmaster Owner Live Nation’s Shares Are Tumbling Today?
Live Nation Entertainment Inc (NYSE:LYV) shares dropped as the company faces an antitrust lawsuit by the U.S. Department of Justice. The lawsuit, expected to be filed in the Southern District of New York, challenges Live Nation's control over concert ticket sales through Ticketmaster. This legal action is part of the Biden administration's efforts to combat monopolistic practices in various industries, including tech and online marketplaces.
Ferrari Aims to Challenge Tesla with Launch of Electric Supercar in 2025
Ferrari's CEO expects high electric supercar demand, plans 2025 launch and new factory in Italy. Sales and EPS beat estimates.