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...Shares in the company, which declined 5.6 per cent on Monday, have fallen more than a third this year, making it the second-worst performer in the S&P 500 and underperforming those of legacy carmakers....
...The device marks the latest chapter in the company’s comeback in the domestic smartphone market, write Nikkei Asia’s Cheng Ting-Fang and Lauly Li....
...Tuesday’s share price drop extended the plunge in the Austin-based carmaker’s stock this year to 33 per cent, making it one of the worst performers in the S&P 500 with a trajectory that continues to diverge...
...The S&P 500 and the Nasdaq closed slightly higher on Friday, after a jump in US non-farm payrolls and weak services sector activity data complicated investors’ bets on earlier interest rate cuts this year...
...S&P Global publish November manufacturing and services sectors purchasing managers’ indices for the country....
...For Victor Li, chair of CK Asset and the eldest son of Hong Kong’s richest man, Li Ka-shing, Hong Kong’s position as a business centre is what will underpin recovery in the property sector and the territory...
...The S&P 500 index and the Nasdaq Composite on Thursday completed their biggest monthly rallies since July 2022, rising 8.9 per cent and 10.7 per cent, respectively, in November, as investors wagered US interest...
...The S&P 500 closed 0.8 per cent lower, ending an eight-day winning streak, its longest string of gains in two years....
...The S&P 500 and Nasdaq Composite on Tuesday closed up 1.9 per cent and 2.4 per cent, respectively, their biggest daily gains since April....
...Economic data: S&P Global publishes its September manufacturing and services purchasing managers’ indices for France, Germany and the UK on Friday....
...Economic data: S&P Global releases its September manufacturing and services purchasing managers’ index for Japan on Friday. The country will also publish its August Consumer Price Index....
...Before being appointed RTX’s chief operating officer, Calio was P&W’s president....
...The stock has gained nearly 40 per cent over the past 12 months, outpacing the S&P 500’s 20 per cent rise....
...Indicators: S&P Global publishes its manufacturing purchasing managers’ indices for Japan, South Korea, Taiwan and India on Friday. Singapore is expected to post its official PMI on Saturday....
...Li says technology offers a solution....
...Heavily indebted H&W has posted operating losses annually for the past decade, according to S&P Capital IQ, and was bought out of receivership in 2019....
...Net income jumped 201 per cent to $14bn, beating consensus estimates of $13bn compiled by S&P Capital IQ....
...Economic data: S&P Global releases its services purchasing managers’ index data for Japan....
...After an early move higher, the S&P 500 swung into negative territory during late-morning trade and finished down 0.7 per cent from Thursday’s record closing high....
...Wells Fargo shares closed 1.4 per cent lower in New York on Tuesday, as the S&P 500 dropped 0.1 per cent....
...“It’s a win-win cooperation,” said Owen Chen, an analyst with S&P Global Mobility, “Xpeng can enter the B2B market by selling cars to Didi… while Didi can also employ more smart taxis developed by other...
...US road carnage / From George P Csicsery, Zala Films, Oakland, CA, US...
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