Reuters Videos Alibaba seeks to keep NY listing amid audit dispute STORY: China’s Alibaba said on Monday it was working to maintain its listing on the New York Stock Exchange, after it was placed on a delisting watchlist by authorities.Under the Holding Foreign Companies Accountable Act, the Securities and Exchange Commission can remove foreign companies… Continue reading Alibaba, Boeing, NIO and More Stock Market Movers Monday
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NIO, other China-based EV maker stocks surge after July deliveries jump
The U.S.-listed shares of NIO Inc. rallied 4.2% in premarket trading Monday, after the China-based electric vehicle maker reported deliveries rose in July from a year ago to mark a third-straight monthly increase. The company said July deliveries increased 26.7% to 10,052 vehicles. That comes after a 60.3% increase in July and a 4.7% rise… Continue reading NIO, other China-based EV maker stocks surge after July deliveries jump
At US$12.28, Is It Time To Put The Goodyear Tire & Rubber Company (NASDAQ:GT) On Your Watch List?
While The Goodyear Tire & Rubber Company (NASDAQ:GT) might not be the most widely known stock at the moment, it saw a double-digit share price rise of over 10% in the past couple of months on the NASDAQGS. As a mid-cap stock with high coverage by analysts, you could assume any recent changes in the… Continue reading At US$12.28, Is It Time To Put The Goodyear Tire & Rubber Company (NASDAQ:GT) On Your Watch List?
Magna International Reports Mixed Q2 Earnings
Benzinga International Paper Q2 Earnings Top Estimates International Paper Co (NYSE: IP) reported second-quarter FY22 sales growth of 12.9% year-on-year to $5.39 billion, beating the consensus of $5.36 billion. Net sales from Industrial Packaging rose 11.4% Y/Y, Global Cellulose Fibres grew 15.9%, and Corporate and Inter-segment jumped 83.3%. Adjusted EPS of $1.24 beat the analyst… Continue reading Magna International Reports Mixed Q2 Earnings
Eaton (ETN) to Report Q2 Earnings: What’s in the Cards?
Eaton Corporation ETN is scheduled to release second-quarter 2022 earnings on Aug 2, before the opening bell. The power management company delivered an earnings surprise of 3.5% in the trailing four quarters, on average. Factors to Note Eaton’s second-quarter earnings are likely to have benefited from lower shares outstanding than the year-ago level. The ongoing… Continue reading Eaton (ETN) to Report Q2 Earnings: What’s in the Cards?
Manchin Sets High Bar for Tesla and GM Electric-Car Tax Credits
(Bloomberg) — Most Read from Bloomberg It was tempting when Democrats announced their surprise climate deal to imagine American auto executives popping champagne bottles. But any bubbly probably ought to stay on ice until Washington finalizes the fine print of the bill that would lift the cap on tax credits for electric vehicles. Just three… Continue reading Manchin Sets High Bar for Tesla and GM Electric-Car Tax Credits
Magna (MGA) Q2 Earnings Lag Estimates
Magna (MGA) came out with quarterly earnings of $0.83 per share, missing the Zacks Consensus Estimate of $0.93 per share. This compares to earnings of $1.40 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -10.75%. A quarter ago, it was expected that this… Continue reading Magna (MGA) Q2 Earnings Lag Estimates
Japan’s Nikkei gives up gains as Denso outlook sours sentiment
TOKYO, July 29 (Reuters) – Japan’s Nikkei reversed its course to close slightly lower on Friday, as concerns about corporate earnings grew after Toyota supplier Denso cut its outlook, while a firmer yen also weighed on exporters. The Nikkei share average settled 0.05% lower at 27,801.64 after rising 0.7% earlier in the session. The index… Continue reading Japan’s Nikkei gives up gains as Denso outlook sours sentiment
UPDATE 3-Toyota supplier Denso’s Q1 profit tumbles 41%, misses view
(Recasts lede. Adds details from a news conference.) TOKYO, July 29 (Reuters) – Japan’s Denso Corp, a major supplier to Toyota Motor Corp, lowered its operating profit forecast for the current business year by 14%, expecting automakers to undershoot production plans. The company, which specialises in vehicle air conditioning, power trains and automated driving systems,… Continue reading UPDATE 3-Toyota supplier Denso’s Q1 profit tumbles 41%, misses view
Toyota supplier Denso’s Q1 profit tumbles 41%, misses view
TOKYO (Reuters) -Japan’s Denso Corp, a major supplier to Toyota Motor Corp, lowered its operating profit forecast for the current business year by 14%, expecting automakers to undershoot production plans. The company, which specialises in vehicle air conditioning, power trains and automated driving systems, lowered its operating profit forecast to 480 billion yen ($3.61 billion)… Continue reading Toyota supplier Denso’s Q1 profit tumbles 41%, misses view