Tesco says Britain’s food inflation has peaked
(Reuters) – Tesco, Britain’s biggest retailer, said the country’s food inflation was starting to ease, signalling some relief for squeezed…
4 big analyst picks: Corning upgraded to Buy on margin recovery potential
Corning upgraded to Buy at Citi Citi upgraded Corning (NYSE:GLW) to Buy from Neutral and raised its price target to…
Intel to invest $4.6 billion in new chip plant in Poland
(Reuters) – Intel (NASDAQ:INTC) said on Friday it will invest up to $4.6 billion in a new semiconductor assembly and…
China’s Xi tells Bill Gates he hopes US-China friendship will continue
(Reuters) -Xi Jinping called Bill Gates “an old friend” and said he hoped they could carry out activities together beneficial…
Japan to give Toyota $841 million support for domestic EV battery output
(Reuters) – Japan will give Toyota up to $841 million in subsidies for the automaker’s investment in domestic production of…
Analysis-Tesla’s China expansion hits speed bump amid industry overcapacity
(Reuters) – Tesla (NASDAQ:TSLA)’s ambitious plan to boost auto production in Shanghai, its most valuable plant globally, hinges on China’s…
Chinese e-commerce giants entice cautious consumers with steep mid-year discounts
(Reuters) – China’s e-commerce platforms are competing fiercely in the country’s first major shopping festival after the pandemic, offering steep…
Jabil jumps as execution boosts Q3 results
Jabil (NYSE:JBL) shares gained over 4% at the beginning of Thursday’s session on the back of its third-quarter profit and…
SoFi Technologies cut to Neutral at Oppenheimer despite long-term bull thesis
Oppenheimer analysts downgraded shares of SoFi Technologies (NASDAQ:SOFI) to Perform, removing the price target in a note to clients on…
U.S. stocks steadying as Fed holds rates, signals hikes ahead
U.S. stocks were steadying a day after the Federal Reserve’s latest interest rate move. At 10:20 ET (14:20 GMT), the…