Tag: Morgan

Bank of America, Citigroup trim investing banking headcount in Asia

Bank of America and Citigroup have cut some investment banking jobs in Asia, people familiar with the matter told Reuters, joining global peers in paring headcount as China dealmaking slows. Bank of America (BofA), which is shrinking its investment banking business globally, did away with around half a dozen Hong Kong-based jobs on Thursday, two people… Continue reading Bank of America, Citigroup trim investing banking headcount in Asia

Tesla shares down nearly 6% after investor day despite positive analyst sentiment

Elon Musk speaking at Tesla Investor Day. Courtesy: Tesla Tesla shares continued sliding Thursday, a movement that began the prior day during the company’s investor day event, which provided investors with a long-term vision but lacked detail on new products or services. The electric vehicle manufacturer’s closed down Thursday over 5.8%, paring earlier losses, despite… Continue reading Tesla shares down nearly 6% after investor day despite positive analyst sentiment

Q4 2022 NIO Inc Earnings Call

Participants Eve Tang Stanley Qu; VP of Finance; NIO Inc. Wei Feng; CFO; NIO Inc. William Li; Co-Founder, Chairman & CEO; NIO Inc. Paul Gong; HK and China Autos Analyst; UBS Investment Bank, Research Division Tim Hsiao; VP; Morgan Stanley, Research Division Xin Yu; Research Analyst; Deutsche Bank AG, Research Division Xue Deng; Analyst; China… Continue reading Q4 2022 NIO Inc Earnings Call

Crypto lender Silvergate sinks after delaying annual report, warning about viabilitySilvergate reported a $1b loss for the fourth quarter after FTX de…

Shares of Silvergate Capital Corp slumped 29% in premarket trading on Thursday, after the cryptocurrency-focused lender warned it was delaying its annual report and said it was evaluating its ability to operate as a going concern. Silvergate reported a $1 billion loss for the fourth quarter as investors raced to withdraw deposits in the wake of… Continue reading Crypto lender Silvergate sinks after delaying annual report, warning about viabilitySilvergate reported a $1b loss for the fourth quarter after FTX de…

SoftBank sells 3.8% stake in logistics startup Delhivery for $116m

Japanese investment group SoftBank has raised Rs954.24 crore (about $115.67 million) from the sale of a 3.8% stake in Indian logistics startup Delhivery, according to media reports. Block deal data available with the Bombay Stock Exchange showed that SoftBank sold 2.8 crore shares at an average price of Rs340.8 apiece in eight transactions, taking the… Continue reading SoftBank sells 3.8% stake in logistics startup Delhivery for $116m

Clean Technica: Tesla Investor Day 2023 — Will This Change Everything?002617

Wednesday, March 1, 2023, may be an historic day for humanity. That is the day Tesla plans to unveil is Master Plan Part III. The Great And Powerful Musk has promised it will be a blockbuster event. Master Plan 3, the path to a fully sustainable energy future for Earth will be presented on March… Continue reading Clean Technica: Tesla Investor Day 2023 — Will This Change Everything?002617

UAW leadership faces historic upheaval ahead of union negotiations with Detroit automakers

United Auto Workers members on strike picket outside General Motors’ Detroit-Hamtramck Assembly plant on Sept. 25, 2019 in Detroit. Michael Wayland / CNBC DETROIT – As the United Auto Workers prepares for what are expected to be highly contentious negotiations with the Detroit automakers later this year, the union’s leadership is undergoing its largest upheaval… Continue reading UAW leadership faces historic upheaval ahead of union negotiations with Detroit automakers

HONEYWELL ANNOUNCES PARTICIPATION AT UPCOMING INVESTOR CONFERENCES

CHARLOTTE, N.C., Feb. 28, 2023 /PRNewswire/ — Honeywell (NASDAQ: HON) today announced its participation at upcoming investor conferences in March. Darius Adamczyk, chairman and chief executive officer of Honeywell, and Vimal Kapur, president and chief operating officer of Honeywell, will present at the J.P. Morgan Industrials Conference in New York City on Tuesday, March 14,… Continue reading HONEYWELL ANNOUNCES PARTICIPATION AT UPCOMING INVESTOR CONFERENCES

Bank finance for cleaner energy grows, but still lags fossil fuels

The world needs to be investing USD 4 in renewable energy for every USD 1 invested in fossil fuels by 2030. Banks gave 81 cents in financing support to low carbon energy supply for every dollar they provided to fossil fuels in 2021, a report showed on Tuesday, but they will need to ramp up… Continue reading Bank finance for cleaner energy grows, but still lags fossil fuels