(Reuters) -Adobe shares fell 12% on Friday as a lackluster quarterly forecast reinforced concerns about rising competition for the company’s creative suite including Photoshop and disappointed i[...]
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March 15, 2024
China’s CATL posts first quarterly profit fall since 2022, regains market share
BEIJING (Reuters) – Chinese electric vehicle battery maker CATL posted its first drop in quarterly net profit since the second quarter of 2022 on Friday as it wrestled with smaller competitors a[...]
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Global equity funds draw big inflows as investors eye central bank signals
(Reuters) – Global equity funds saw notable inflows in the week to March 13 as investors focused on strong global stock performances, overlooking inflation concerns ahead of the Federal Reserve[...]
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Rivals Nissan and Honda sign MoU on EV partnership
By Maki Shiraki and Anton Bridge TOKYO (Reuters) -Japanese auto rivals Nissan Motor and Honda Motor are considering a strategic partnership to collaborate on producing key components for electric vehi[...]
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TikTok’s U.S. Revenue Hits $16 Billion As Washington Threatens Ban, FT Reports
(Reuters) – China’s ByteDance-owned TikTok posted revenue of about $16 billion last year in the United States, where the viral video app that has hooked Gen Z users is at the risk of being[...]
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Tight monetary stance needed in many emerging European economies, says IMF
By Gergely Szakacs (Reuters) – Underlying inflation in central, eastern and southeastern Europe is stronger than in advanced economies, requiring many central banks in the region to maintain a t[...]
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Volkswagen group deliveries down 1.1% in February
BERLIN (Reuters) – Volkswagen group deliveries fell by 1.1% in February to 605,500 vehicles, hit by a sharp decrease in China, the German carmaker said on Friday. Deliveries climbed by 5.6% in w[...]
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Analysis-US automakers race to build more hybrids as EV sales slow
By Joseph White DETROIT (Reuters) – As U.S. sales of gas-electric hybrid vehicles surge and electric-vehicle sales cool, automakers and suppliers are betting consumer demand for a compromise bet[...]
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Morning Bid: Treasuries torpedoed, Tesla tanked
A look at the day ahead in U.S. and global markets from Mike Dolan With next week’s Federal Reserve meeting up close and personal – once a hot favourite date for a first rate cut – t[...]
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