Drilling Commences at Leonora South
May 12, 2025
Peloton Plunges on ‘Material Weakness’ with Finances
Peloton Interactive slumped in late trading after the fitness firm warned that a price cut would hurt its bottom line this year, according to a report by Bloomberg on Thursday....
Read moreHP Inc.’s Q3 Net Revenue, up 7.0% To $15.3 Billion
HP Inc beats market outlook in Q3 results with GAAP diluted net EPS of $0.92, higher than estimates of $0.77 to $0.81 per share, according to a press release by...
Read moreCapital Group to Enter ETF Market with Six Funds by Q1 2022
Asset management company Capital Group is looking to enter the exchange-traded fund market with at least six managed funds available to the public by the first quarter of 2022, SeekingAlpha...
Read moreAlecta Shifts to Infra, Residential Housing as Inflation Concerns Grow
Swedish pension manager Alecta has cut down its holdings of stocks and bonds as it gears its portfolio towards more real assets due to inflation concerns, Pensions & Investments reported....
Read moreXPeng’s Second-Quarter Revenues Soars 536.7% YOY
XPeng posted another record-breaking quarter with record quarterly revenues expanding 536.7% compared to the last year, according to a report by XPeng on Thursday. The deliveries of vehicles in the...
Read moreBuffett-Backed Fintech Firm Nubank Seeking IPO Valuation of Over $55 Billion
Brazil’s Nubank is seeking a valuation for its planned U.S. preliminary IPO that would push the fintech company's value over $55.4 billion, according to a report by Reuters on Thursday....
Read moreDelays in Covid-19 Vaccinations to Cost the Global Economy $2.3 trillion
Delays in vaccinating the world against the coronavirus will come with a high price tag, according to a report by The Economist on Wednesday. A model developed by The Economist...
Read moreChina-U.S. Financial Roundtable Talks Set to Restart in Push for A Consensus
A group of Wall Street analysts and senior Chinese government officials are working to reopen talks, according to a report by Bloomberg on Wednesday. An influential group formed during worsening...
Read moreBest Buy Sales Rose by 20% as the Staffs Fully Embraces Working from Home Habits
Best Buy’s Q2 sales rose nearly 20% as consumers upgraded devices and equipment and fully embraced working from home, according to a press release by Best Buy on Tuesday. The...
Read moreChina’s Tech Stocks Strike a Bullish Tone as Tencent Rose 9%, JD.com Rises 15%
Hong Kong-listed Chinese tech stocks rose significantly on Tuesday as investors got more clarity on the regulatory outlook, according to a report by CNBC on Tuesday. A group of positive...
Read morePfizer-BioNTech COVID-19 Vaccine Bags FDA’s First Full Regulatory Approval
The COVID-19 vaccine manufactured by Pfizer Inc. and partner BioNTech SE has scored the first full regulatory approval from the US Food and Drug Administration, CNBC reported. Acting FDA Commissioner...
Read moreAnsteel Group to Become Third-Biggest Steel Producer After Benxi Merger
China’s Ansteel Group has acquired a majority stake in Benxi Steel Group Co. to make it the third-biggest producer across the globe, Bloomberg reported. Ansteel Group acquired a 51% stake...
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