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Why Is Karaoke Products Maker Singing Machine's Stock Gaining Today?
Singing Machine completes acquisition of SemiCab, integrating AI logistics tech and expanding with Indian subsidiary purchase.
Fortnite Maker Epic Games Accuses Apple Of Blocking Its Game Store Launch
Epic Games, creator of "Fortnite," accuses Apple Inc. (NASDAQ: AAPL) of blocking its efforts to launch a games store on iPhones and iPads in Europe. Epic claims Apple rejected their submissions, citing design similarities to the App Store. Epic argues this decision violates the Digital Markets Act (DMA).
China's Geely Targets South Korea For Premium EV Debut By 2026: Report
Geely Automobile reportedly plans to introduce its first premium electric vehicle (EV) in South Korea by 2026, targeting a market led by Hyundai and Kia Corp. Geely's Zeekr will open showrooms in Seoul and Gyeonggi province next year, with deliveries starting in early 2026.
Is Nvidia Defying US Export Controls? What's Going On?
Nvidia (NVDA) expected to sell $12B of AI chips in China this year, surpassing Huawei's $10.3B revenue; Despite export controls, China remains a key market for Nvidia.
Ericsson's Vonage Bet Backfires: Impairment Charge Hits Q2 Due to Lower Market Growth
Ericsson to record non-cash impairment charge of SEK 11.4 billion in Q2 2024. The company expects the charges due to lower expected market growth rates in Vonage's current portfolio.
What's Going On With Chinese AI Stocks Alibaba, Baidu, JD On Friday?
Chinese tech stocks, including BABA, BIDU, and JD, are trading lower after Baidu launched its latest AI model at lower prices. BABA down 0.90%, BIDU down 1.34%, JD down 2.05% in premarket.
What's Going On With Department Store Major Macy's Shares On Friday?
Macy's shares are rising in premarket trading as investor group Arkhouse Management and Brigade Capital Management increased their bid to $24.80 per share, valuing the company at $6.9 billion.
Largest Consumer Bank Chase Hints Increased Cost To Consumers For Everyday Banking Services
Chase Bank's Marianne Lake warns customers about potential new fees due to proposed regulations. With changes looming, services like free checking accounts and wealth management tools could soon incur costs, impacting millions of Americans.
Leadership Change at NIO: CFO Resigns, Senior VP Takes Charge
NIO announces management change, CFO resigns for personal reasons. Senior VP of Finance promoted. Delivers record number of EVs,
Netflix, Disney Challenge Canadian Content Fee In Court: Report
Netflix, Walt Disney, and other U.S. streaming giants are challenging a Canadian regulation that mandates a 5% revenue contribution to support local news. The Motion Picture Association-Canada argues the order exceeds the CRTC's authority and ignores the billions these companies invest annually.
Wildfire Risk Forces Suncor To Shut Down Firebag Oil Sands Site: Report
Suncor Energy temporarily shuts down Firebag oil sands site due to nearby wildfire, stating no risk to other operations.
Bitcoin, Ethereum Decoupling From Tech Stocks Is Positive, Experts Claim
Bloomberg ETF analyst James Seyffart and macro trader Alex Krüger discussed the decoupling of cryptocurrency markets from tech stocks in recent weeks.
Crypto's Active Uses Limited To Bitcoin Hodling And Meme Coin Gambling, Trader Questions Real World Utility
Capriole Fund founder Charles Edwards expressed skepticism about the practical uses of cryptocurrencies in 2024. He questioned the real-world application of Solana (CRYPTO: SOL), Ethereum (CRYPTO: ETH), and others.
Boeing Set For Improved Deliveries And Production Rates, Goldman Sachs Analyst Says
Goldman Sachs analyst Noah Poponak cites data that Boeing will deliver 43 aircraft in June, showing improvement in total deliveries and production rates.
What Happened With Tesla's Chinese Rival Li Auto Shares Today?
Li Auto's stock rose today, boosted by positive sentiment in Chinese EV stocks and enhanced car purchase incentives announced by the company, including a zero down payment option and significant benefits until July 15.
What Happened With General Motors Shares On Wednesday?
General Motors will retire 50 million metric tons of greenhouse gas credits and pay a $145.8 million penalty following an EPA investigation that found excess CO2 emissions from 5.9 million vehicles.
Mastercard and Ant Group Expand Digital Payment Zones In Western Chinese Cities: Details
Mastercard and Ant Group expand digital payment zones in Chengdu and Chongqing, boosting convenience for international tourists amid surging visitor spending via Alipay+.
Stellantis And CEA Partner To Develop Next-Generation EV Battery Cells
Stellantis and CEA have initiated a five-year collaboration to design next-generation battery cells for electric vehicles (EVs). This partnership aims to create advanced battery cells with superior performance, longer lifespan, and reduced carbon footprint.
Taiwan Semiconductor's Expansion in AI and 2nm Technology Set to Boost Future Growth, Analyst Says
TSM to hold press conference on July 18, UBS rates Buy with target price of 1,070 yuan. Expecting increase in demand for generative AI and advanced process technology.
Schlumberger's OneSubsea Wins Green Production System Deal For TotalEnergies' Angola Project
SLB's OneSubsea JV won contract from TotalEnergies for Subsea Production System, boosting production sustainability in Angola. Production to start in 2028.
Three Mile Island Facility Rising From The Ashes? Constellation Energy In Talks for Restart: Report
Constellation Energy may restart part of its Three Mile Island nuclear facility with help from Pennsylvania officials, mirroring Michigan's $1.5 billion loan. Decision on restart depends on various factors. Demand for nuclear energy is increasing but concerns remain.
Biden Contemplates Future In 2024 Race After Poor Debate Showing: Report
President Biden is questioning his candidacy after a poor debate performance, with growing concerns about his ability to win in 2024.
Meta's Threads Set to Challenge X with New Ad Strategy: Report
Threads, launched by Meta Platforms Inc a year ago, is rapidly catching up to Twitter and surpassing competitors with new features and celebrity users.