Hyundai increases annual EV investment to $28B
Hyundai Motor (KS:005380) (OTC:HYMLY) announced Tuesday that the Korean multi-national automaker plans to raise its average annual investment in electrification…
Nike shares slide as Morgan Stanley highlights potential inventory challenges
Nike (NYSE:NKE) shares are down more than 2% premarket on the back of a note from Morgan Stanley that stated…
Citi says S&P 500 net positioning ‘most extended ever’
The U.S. stocks momentum remains extremely strong after the S&P 500 secured the first weekly close above 4400 in 14 months. Last…
Futures fall as hawkish Fed keeps investors on edge
(Reuters) – U.S. stock index futures fell on Tuesday as hawkish remarks from Federal Reserve officials last week kept investors…
UBS faces big penalty over Credit Suisse’s Archegos failings -FT
(Reuters) – UBS Group AG (SIX:UBSG) faces hundreds of millions of dollars in penalties over Credit Suisse’s mishandling of Archegos…
US judge orders Enbridge to shut down portions of Wisconsin pipeline within 3 years
(Reuters) – A U.S. judge has ordered Canadian energy company Enbridge (NYSE:ENB) to shutter portions of an oil pipeline that…
New Google lawsuit aims to curb fake business reviews
Reuters) – Alphabet (NASDAQ:GOOGL)’s Google on Friday sued a Los Angeles man and his companies in San Jose, California federal…
5 big analyst picks: Baidu upgraded to Overweight, Philip Morris rated as a Buy
Baidu upgraded at Morgan Stanley Morgan Stanley upgraded Baidu (NASDAQ:BIDU) to Overweight from Equalweight and raised its price target to…
Canadian pensions manager invests $400 million in Swedish battery maker Northvolt
(Reuters) – Canada’s Investment Management Corporation of Ontario (IMCO) has invested $400 million in battery producer Northvolt, which will help…
Sanofi says arbitration court rejects Boehringer’s Zantac claims
(Reuters) – Sanofi said on Tuesday that the International Chamber of Commerce rejected rival drugmaker Boehringer Ingelheim’s (BI) claims to…