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Stocks making the biggest moves midday: Apple, 3M, Walgreens, Moderna, Urban Outfitters and more
Check out the companies making headlines in midday trading. Apple — Shares tumbled 4% after Jefferies downgraded the iPhone maker to underperform from hold. The firm said Apple’s AI outlook is “subdued” and believes it may miss on revenue when it reports fiscal first quarter results later this month. Loop Capital also lowered its rating […]
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Stocks making the biggest moves premarket: Apple, Qorvo, 3M, Roku and more
Check out the companies making headlines before the bell. Apple — Shares slipped nearly 2% after Jefferies downgraded the iPhone maker to an underperform rating from hold. Analyst Edison Lee called its AI outlook “subdued” and expects Apple to miss its fiscal first-quarter revenue growth forecast of 5% when reporting earnings later this month. Qorvo […]
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China’s electric car boom is expected to slow down in 2025
Key Points China’s electric car market is headed for a sharp slowdown in 2025, according to analyst predictions, increasing pressure on companies trying to survive. Strong sales volumes have enabled “strugglers and stragglers” to hang on despite falling margins, Yuqian Ding, head of China autos research at HSBC, said in a report last week. China’s […]
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China’s electric car boom is increasingly more about hybrids
A Leapmotor vehicle with range extension is on display at the company’s headquarters in Hangzhou, China, on June 22, 2024. Bloomberg | Bloomberg | Getty Images BEIJING — Hybrid-powered vehicles are proving more popular than battery-only ones in China, even as consumers shift away from gas-only cars, full-year data show. BYD, by far the market […]
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Chinese automakers BYD, Leapmotor and Xiaomi smash annual delivery targets ahead of schedule
BYD Song L electric cars at the 21st Changchun International Automobile Expo in Changchun, Jilin province, China, on July 17, 2024. Nurphoto | Nurphoto | Getty Images SINGAPORE — Chinese automakers BYD, Leapmotor, and Xiaomi have raced past their annual delivery targets a month ahead of schedule, underscoring their rapid growth and strong market demand […]
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Want to cash in on China’s stimulus? Here’s what the pros expect next
Chinese markets are back in the spotlight after a slew of government stimulus measures over recent weeks. Friday’s news of a five-year 10 trillion Chinese yuan ($1.4 trillion) debt swap program disappointed investors, however, falling short of calls for more direct support for the economy. For many market participants — including Pella Funds’ Jordan Cvetanovski […]
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GM’s Wall Street vindication is happening as it outperforms its peers in 2024
Mary Barra, chair and chief executive officer of General Motors Co., during a news conference at the Hudson’s building in Detroit, Michigan, US, on Monday, April 15, 2024. Jeff Kowalsky | Bloomberg | Getty Images DETROIT — General Motors is proving it’s a standout among automakers this year as it continues to consistently outperform Wall […]
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Foreign automaker stocks slide on Trump tariff fears
Republican presidential nominee and former U.S. President Donald Trump speaks during a campaign town hall meeting, moderated by Arkansas Governor Sarah Huckabee Sanders, in Flint, Michigan, U.S., September 17, 2024. Brian Snyder | Reuters DETROIT — Stock prices of foreign automakers, including Chinese and German manufacturers, fell sharply on Wednesday amid concerns the U.S. will […]
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China’s Zeekr reports EV deliveries in October nearly doubled, clocks its best monthly numbers
ZEEKR EV cars are displayed at the 45th Bangkok International Motor Show in Bangkok, Thailand, March 25, 2024. Chalinee Thirasupa | Reuters Chinese electric carmaker Zeekr said Thursday its deliveries surged by 92% in October from a year ago, helping the company clock its best month at 25,049 vehicles. That beat the prior record of […]
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Stocks making the biggest moves premarket: Humana, Nike, JD.com and more
Check out the companies making headlines before the bell. Humana – Shares plunged more than 22% after the healthcare company announced dire preliminary Medicare Advantage data for 2025. The company said in an 8-K filing that 25% of its members are currently enrolled in plans rated 4 stars and above for next year, which is […]
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