A senior Volkswagen executive has been deported from China, dealing another blow to the German group’s efforts to maintain its presence in the world’s largest car market. Jochen Sengpiehl, VW’s chief marketing officer and head of product strategy for China, was detained in China for about 10 days before being deported back to Germany. According … Read more
Federal regulators have given a significant boost to electric-powered air taxis by issuing a final rule for the operation of the aircraft and the training of pilots. The head of the Federal Aviation Administration, Mike Whitaker, stated that the rule acknowledges air taxis as a new type of aircraft that will soon be seen alongside … Read more
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Verizon Communications (NYSE: VZ) saw a decline in its stock price today following disappointing revenue results. The telecom company attributed this to weakness in wireless equipment sales and a slow phone upgrade cycle. As of 11:44 a.m. ET, Verizon’s stock had dropped by 4.3%. Verizon’s core wireless service business showed steady growth, with revenue increasing … Read more
NEW YORK, Oct. 22, 2024 (GLOBE NEWSWIRE) — Vornado Realty Trust (NYSE:) announced today that it will file its quarterly report on Form 10-Q for the quarter ended September 30, 2024 with the U.S. Securities and Exchange Commission and issue its third quarter earnings release on Monday, November 4, 2024, after the New York Stock … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Activist investor Starboard Value has called on Pfizer’s leadership to take action and hold management accountable for its underperforming performance. This comes as Starboard publicly discussed its plans for the pharmaceutical company after acquiring a … Read more
Janet Yellen, the Treasury Secretary, addressed world financial leaders on Tuesday, emphasizing the strength of the U.S. economy under the Biden administration’s rejection of isolationism. This was seen as a criticism of former President Donald Trump’s policies, just two weeks before the U.S. election. Yellen highlighted the U.S. economic growth during the IMF and World … Read more
Loop has initiated coverage of AppLovin as a buy, stating that the software publisher is an indispensable infrastructure for the mobile gaming industry. They have given it a Buy rating and a $181 price target. Bernstein has initiated Costco as outperform, highlighting it as the highest quality company in their coverage. Despite trading at an … Read more
Microsoft, a leading enterprise software company, saw a bullish reversal in September, gaining over 3% for the month despite some profit-taking in recent sessions. The stock has been hovering around the 50-day moving average, indicating a potential buying support level. While Microsoft is not yet ready for a new breakout to all-time highs, it is … Read more
Li Ning Company Limited (“Li Ning” or the “Company”) has announced that its subsidiary, LN Co, has entered into a Subscription and Shareholders’ Agreement with Founder Co, HongShan Venture, HongShan Motivation, and the JV Company for the formation of a joint venture in the British Virgin Islands. The JV Group’s main objective will be to … Read more