(Bloomberg) — Companies from Microsoft Corp. to Texas Instruments Inc. that long benefited from supply chains that run through China are now paying a price for the country’s sweeping lockdowns that have confined millions to their homes. Most Read from Bloomberg Texas Instruments, which supplies semiconductors to automakers and tech companies, cut its revenue forecast… Continue reading Microsoft, Chipmakers’ Bottom Lines Hit by Xi’s Lockdowns
Author: Yarhow_Finance Online News
The World’s Relentless Demand for Chips Turns Deadly in Malaysia
(Bloomberg) — Hani Bin Sha’ari spent more than two decades rising through the ranks at STMicroelectronics NV’s facility in Malaysia. He prided himself on working hard to provide for his wife and four children. So when the chip plant remained open through a spike in Covid-19 infections this year, he kept doing his job. Most… Continue reading The World’s Relentless Demand for Chips Turns Deadly in Malaysia
General Motors (GM), EVgo, Pilot Co. Tie Up for EV Charging in US
General Motors GM recently joined forces with Pilot Co., owner of the Pilot and Flying J highway travel centers, and EVgo EVGO, an EV charging network, to build a network of electric vehicle (EV) fast chargers. The deal states that the companies will install a total of 2,000 fast chargers at 500 of Pilot’s locations… Continue reading General Motors (GM), EVgo, Pilot Co. Tie Up for EV Charging in US
Add These 4 Stocks With Remarkable Interest Coverage Ratio
There is not much clue, as of now, to how the stock market is going to behave in the second half of 2022. Truly speaking, things haven’t changed much or improved for the best in the past six months. Risk appetite has almost dried up, as investors are walking a tight rope. The Russia-Ukraine conflict,… Continue reading Add These 4 Stocks With Remarkable Interest Coverage Ratio
Goodyear (GT) Dips More Than Broader Markets: What You Should Know
Goodyear (GT) closed the most recent trading day at $10.83, moving -0.64% from the previous trading session. This move lagged the S&P 500’s daily loss of 0.3%. Meanwhile, the Dow lost 0.46%, and the Nasdaq, a tech-heavy index, lost 0.28%. Coming into today, shares of the tire maker had lost 7.78% in the past month.… Continue reading Goodyear (GT) Dips More Than Broader Markets: What You Should Know
NIO Inc. (NIO) Stock Moves -0.19%: What You Should Know
NIO Inc. (NIO) closed at $21.05 in the latest trading session, marking a -0.19% move from the prior day. This change was narrower than the S&P 500’s daily loss of 0.3%. Meanwhile, the Dow lost 0.46%, and the Nasdaq, a tech-heavy index, lost 0.34%. Prior to today’s trading, shares of the company had gained 4.87%… Continue reading NIO Inc. (NIO) Stock Moves -0.19%: What You Should Know
Morgan Stanley ‘constructive’ on GM, Ford ahead of auto earnings
Yahoo Finance’s Pras Subramanian discusses a Morgan Stanley analyst note that was bearish on the auto sector but more optimistic about Ford and General Motors, plus an overview of the auto market and EV charging network. Video Transcript [MUSIC PLAYING] DAVE BRIGGS: Morgan Stanley slashing price targets for the automakers today. The firm forecasting lower… Continue reading Morgan Stanley ‘constructive’ on GM, Ford ahead of auto earnings
Tesla Stock Vs. BYD Stock: China EV Giant Sees Booming Profit Amid Buffett Rumors
Reuters Musk says Tesla could lower car prices if inflation slows Musk, who has over 100 million followers on Twitter, was replying to a tweet on Friday that asked if the company had any plans to lower prices that it had raised to beat the pandemic and supply chain woes. “If inflation calms down, we… Continue reading Tesla Stock Vs. BYD Stock: China EV Giant Sees Booming Profit Amid Buffett Rumors
Tesla (TSLA) & Panasonic Ink Deal for Cell Production Unit
Tesla’s TSLA major battery supplier, Panasonic PCRFY, is set to build and operate the world’s largest battery cell production facility in Kansas. The Panasonic plant will primarily supply batteries to Tesla but is not limited to the company. PCRFY will also have a research department focused on next-generation batteries. The plant is expected to be… Continue reading Tesla (TSLA) & Panasonic Ink Deal for Cell Production Unit
Why more Americans are considering electric vehicles: Kelley Blue Book editor
Kelley Blue Book Executive Editor Brian Moody joins Yahoo Finance Live to break down the reasons for growth in the EV space as EV sales jump amid rising gas prices. Video Transcript – Making the switch by flipping a switch. A recent survey by AAA has found that a quarter of American drivers plan to… Continue reading Why more Americans are considering electric vehicles: Kelley Blue Book editor