Jan 9 (Reuters) – Shares of listed Chinese companies that count Ant Group as a major shareholder rose on Monday after announcements that Ant founder Jack Ma is giving up control of the fintech giant following an overhaul. Hong Kong-listed shares of Ma’s Alibaba (9988.HK) jumped 7%. Shares of Longshine Technology Group Co Ltd (300682.SZ),… Continue reading Ant-linked firms’ shares rise after news of Jack Ma ceding control; Alibaba jumps, article with image
Tag: Morgan
Why Goodyear is all in on making tires from corn and soybean oil
The era of making tires solely from various unfriendly Earth materials is coming to a close, at least according to Goodyear Chairman and CEO Rich Kramer. “It’s the right thing to do as we think about the sustainability goals that we and our customers have,” Kramer told Yahoo Finance Live from the floor of this… Continue reading Why Goodyear is all in on making tires from corn and soybean oil
Automakers Monetize Car-Level Data as Connected Economy Revs Up – PYMNTS.com
For automakers, making and selling the car is a start — selling data is what comes next. To that end, automaker Stellantis NV — which makes Jeeps and Fiat cars, among other autos — is establishing a new, software-focused unit to harness car-level information and provide some additional revenue streams and thus some top-line torque.… Continue reading Automakers Monetize Car-Level Data as Connected Economy Revs Up – PYMNTS.com
These 6 Club stocks look reasonably priced as Wall Street shuns high flyers
We’re growing increasingly worried about some richly valued companies in our portfolio, including the likes of Nvidia (NVDA) and Microsoft (MSFT). Expensive stocks remain out of favor on Wall Street — just as they had been for much of last year — and there could be more room for them to fall as recession fears… Continue reading These 6 Club stocks look reasonably priced as Wall Street shuns high flyers
Buffett-Backed BYD Trounces Tesla as China Economy Reopens
(Bloomberg) — While shares of Tesla Inc. are melting down lately on demand concerns, Chinese rival BYD Co. is on a tear as investors applaud its record sales year and widening footprint in the world’s biggest electric vehicle market. Most Read from Bloomberg The US-listed shares of Warren Buffett-backed BYD have gained 8.5% over the… Continue reading Buffett-Backed BYD Trounces Tesla as China Economy Reopens
Nexus Circular Secures $150 Million to Accelerate Momentum of Advanced Recycling Solution for Plastics
The funding round, led by Cox Enterprises, will accelerate the growth of Nexus Circular’s market-leading advanced recycling process ATLANTA, Jan. 3, 2023 /PRNewswire/ — Today, Nexus announced it has agreed to terms for an equity raise of $150 million. Cox Enterprises, focused on building the world’s most innovative businesses in cleantech and environmental sustainability, led the… Continue reading Nexus Circular Secures $150 Million to Accelerate Momentum of Advanced Recycling Solution for Plastics
Nexus Circular Secures $150 Million to Accelerate Momentum of Advanced Recycling Solution for Plastics
The funding round, led by Cox Enterprises, will accelerate the growth of Nexus Circular’s market-leading advanced recycling process ATLANTA, Jan. 3, 2023 /PRNewswire/ — Today, Nexus announced it has agreed to terms for an equity raise of $150 million. Cox Enterprises, focused on building the world’s most innovative businesses in cleantech and environmental sustainability, led the… Continue reading Nexus Circular Secures $150 Million to Accelerate Momentum of Advanced Recycling Solution for Plastics
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Jan 3 (Reuters) – Tesla Inc (TSLA.O) shares kicked off 2023 with a near 4% drop on Tuesday, extending a selloff from their worst year on growing worries about weakening demand and logistical problems that have hampered deliveries. The latest slide came after the world’s most valuable automaker missed estimates for fourth-quarter deliveries despite shipping… Continue reading Untitled
German Manager Magazin: Tesla: Elon Musk is the first person to lose $200 billion002217
Elon Musk has suffered an unprecedented wealth loss in just over a year. Lay his estimated fortune aloud “Bloomberg” from about $340 billion in November 2021, it has since melted down to $137 billion — no one before him has lost that much money over such a period, the report says. The main reason for… Continue reading German Manager Magazin: Tesla: Elon Musk is the first person to lose $200 billion002217
Wiesmann Project Thunderball 2022 review: High voltage! – City A.M.
Thursday 08 December 2022 7:38 am Imagine if TVR had upped sticks and moved from Lancashire to Münsterland, switched to brawny BMW engines and discovered Teutonic build quality. The result might look something like Wiesmann. Founded in 1988, Wiesmann remains little known outside its native country. As charismatic new British CEO Roheen Berry explains: “We’ve… Continue reading Wiesmann Project Thunderball 2022 review: High voltage! – City A.M.