Tag: Morgan

StanChart to hire at least 100 for new China investment banking unit

Standard Chartered is hiring at least 100 staff in China as the British lender gears up to launch an investment banking unit in the country targeting niche bond deals, the chairman-designate of the new entity said. The Beijing-based unit, which was awarded a licence in January, is being targeted for launch as early as the end of this… Continue reading StanChart to hire at least 100 for new China investment banking unit

TrueCar Releases First Quarter 2023 Financial Results and Stockholder Letter

Live call and webcast will occur on May 9 at 9:00 a.m. ET SANTA MONICA, Calif., May 8, 2023 /PRNewswire/ — TrueCar, Inc., (NASDAQ:TRUE) today announced financial results for the first quarter ended March 31, 2023 in a stockholder letter, which is available HERE and on the TrueCar investor relations website at ir.truecar.com. The company will… Continue reading TrueCar Releases First Quarter 2023 Financial Results and Stockholder Letter

Q1 2023 Borgwarner Inc Earnings Call

Participants Frederic B. Lissalde; President, CEO & Director; BorgWarner Inc. Kevin A. Nowlan; Executive VP & CFO; BorgWarner Inc. Patrick Nolan; VP of IR; BorgWarner Inc. Adam Michael Jonas; MD; Morgan Stanley, Research Division Colin M. Langan; Senior Equity Analyst; Wells Fargo Securities, LLC, Research Division Daniel Murphy Emmanuel Rosner; Director & Research Analyst; Deutsche… Continue reading Q1 2023 Borgwarner Inc Earnings Call

Carvana shares soar on upbeat forecast, short squeeze

May 5 (Reuters) – Carvana Co’s (CVNA.N) shares soared as much as 55% on Friday after the struggling online used-car retailer’s surprise second-quarter profit forecast caught bearish investors on the wrong foot. Carvana endured a turbulent 2022 as the company struggled to offload used cars purchased at higher prices during the pandemic due to weak… Continue reading Carvana shares soar on upbeat forecast, short squeeze

Club meeting recap: Fed in Focus, Estee Lauder, earnings roundup

Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Wednesday’s key moments. Fed decision day Sit tight on Estee Lauder Earnings roundup: AMD, SBUX, F 1. Fed decision day Equities were mixed Wednesday morning ahead of the Federal Reserve’s announcement on interest… Continue reading Club meeting recap: Fed in Focus, Estee Lauder, earnings roundup

New HBCU Science and Technology Council Established at Universities Space Research Association

WASHINGTON, May 3, 2023 /PRNewswire/ — Universities Space Research Association (USRA) is proud to announce the establishment of a new Council – the Historically Black Colleges and Universities Science and Technology Council (HBCU S&T Council). This Council aims at fostering more collaborative opportunities for R&D in space-related disciplines between USRA, HBCU faculty and students, and… Continue reading New HBCU Science and Technology Council Established at Universities Space Research Association

Untitled

May 3 (Reuters) – Jack Dorsey-led Block Inc’s (SQ.N) first-quarter results will likely see investors zoom in on the payments firm’s Cash App business following U.S. short-seller Hindenburg Research’s allegations including inflated user count. Morgan Stanley analysts in April said that some bearish investors remain uncertain about the amount of gross profit that is generated… Continue reading Untitled

From the archive: on this day in 1970

In a monumental effort, we gathered all the sports cars and GTs on sale for a mega-test at a stormy Silverstone. Well, all apart from those of Ferrari, Maserati and Lamborghini (too arrogant), Lancia and Mercedes-Benz (busy) and Morgan (forgetful). Category one of six was exotic GTs. Aston Martin’s DB6 and DBS worked wonders and… Continue reading From the archive: on this day in 1970

Zoomcar turns unit-profitable with new business model, to expand fleet to 60,000 cars in 2023

Zoomcar turns unit-profitable with new business model, to expand fleet to 60,000 cars in 2023 Bengaluru-headquartered self-drive rental start-up Zoomcar, which has transitioned to an asset-light, marketplace model where individuals are free to list their personal cars on its digital platform, has achieved unit profitability with this move. As a result, it now aims to… Continue reading Zoomcar turns unit-profitable with new business model, to expand fleet to 60,000 cars in 2023