Li Auto shares gain 20% in Hong Kong after big earnings beat, solid 2024 outlook
Li Auto’s shares 2015, +19.01% rose sharply in Hong Kong after the Chinese electric-vehicle maker roundly beat earnings expectations with jumps in quarterly profit and revenue on the back of rising demand for its SUVs and other cars. Shares were 20% higher at 167.10 Hong Kong dollars (US$21.36), on track for their biggest one-day percentage […]
Jamie Dimon on Capital One-Discover deal: ‘Let them compete’
JPMorgan Chase CEO Jamie Dimon isn’t worried about the added competition from a bulked-up Capital One if its $35.3 billion takeover of Discover Financial gets approved. “My view is, let them compete,” Dimon said. “Let them try, and if we think it’s unfair, we’ll complain about that.” Dimon, speaking to CNBC’s Leslie Picker at a […]
Unity’s stock sheds nearly a fifth of its value as earnings, forecast underwhelm
Unity Software Inc. shares were tumbling in late trading Monday after the app-monetization company whiffed with its latest results and forecasts. The company forecast $415 million to $420 million in fiscal first-quarter revenue for what it calls its “strategic portfolio,” deeming that its non-strategic portfolio will not be a meaningful contributor to revenue going forward. […]
Altice USA shares rise on Charter acquisition report
Igor Golovniov | Lightrocket | Getty Images Altice USA shares spiked as much as about 50% on Monday following a report that Charter Communications is considering buying the broadband company. Charter is working with financial advisors as it considers whether it would make sense to buy Altice USA, Bloomberg reported Monday, citing people with knowledge […]
Treasury yields remain higher after solid 2-year note auction
Rates on one-year through 30-year Treasurys remained slightly higher on Monday after the first of two large government auctions. What’s happening The yield on the 2-year Treasury BX:TMUBMUSD02Y was 4.720%, up 3.3 basis points from 4.687% on Friday. Yields move in the opposite direction to prices. The yield on the 10-year Treasury BX:TMUBMUSD10Y was 4.281%, […]
First images from Intuitive Machines’ Odysseus
Intuitive Machines CEO Steve Altemus explains how the company’s IM-1 lander tipped over on the moon’s surfacing during a NASA press conference on Feb. 22, 2023. NASA TV Intuitive Machines’ cargo lander, Odysseus, returned its first images from the moon’s surface over the weekend, as the spacecraft settles in to its lunar destination. The company’s […]
First images from Intuitive Machines’ Odysseus
Intuitive Machines CEO Steve Altemus explains how the company’s IM-1 lander tipped over on the moon’s surfacing during a NASA press conference on Feb. 22, 2023. NASA TV Intuitive Machines’ cargo lander, Odysseus, returned its first images from the moon’s surface over the weekend, as the spacecraft settles in to its lunar destination. The company’s […]
Oil prices extend slide as traders assess demand outlook
Oil futures fell early Monday, extending the previous week’s decline as traders fretted about the global outlook for demand as expectations central banks will begin cutting rates soon continued to fade. Price moves West Texas Intermediate crude CL00, -0.42% for April delivery CL.1, -0.42% CLJ24, -0.42% fell 18 cents, or 0.2%, to $76.31 a barrel […]
Half of aspiring home buyers say they earn too little to afford a house: survey
Home prices are so high that nearly half of would-be home buyers say they earn too little to afford a house, according to a new survey. The survey, by Bankrate, included responses from nearly 2,300 adults, 864 of whom were aspiring homeowners. It found that 54% of respondents who were interested in buying were held […]
I asked my broker to convert my bonds to cash. He didn’t. Can I sue?
I have a $1.5 million account with one of the major investment managers in the United States. In the fall of 2021, the stock market was weakening and the Federal Reserve was projecting that its benchmark rate would increase significantly from zero in the following months. I contacted my account manager and asked what they […]
