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Tesla shares jump after reports of China deal
Tesla’s shares have jumped after reports the firm has cleared an important regulatory hurdle in China by partnering with search giant Baidu. The reports come after chief executive Elon Musk made a surprise visit to meet the country’s number two leader, Premier Li Qiang. The deal with Baidu brings Mr Musk a step closer to rolling out […]
Victory Day celebrations mask simmering tensions inside Putin’s Russia
Analysis by Nathan Hodge, CNN Russian President Vladimir Putin presided over a pared-back Victory Day parade Thursday, showcasing his country’s unity and resolve to continue the war on Ukraine. But the martial celebrations also obscured simmering tensions inside the Kremlin and within Russian society. At first glance, this year’s parade in Red Square was the usual well-choreographed display […]
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Tesla shares jump after reports of China deal
Tesla’s shares have jumped after reports the firm has cleared an important regulatory hurdle in China by partnering with search giant Baidu. The reports come after chief executive Elon Musk made a surprise visit to meet the country’s number two leader, Premier Li Qiang. The deal with Baidu brings Mr Musk a step closer to rolling out […]
Walmart lifts full-year adjusted income per share forecast
Investing.com — Walmart has lifted its annual adjusted earnings per share forecast to a range of $6.40 to $6.48, with the top end of the guidance meeting Bloomberg consensus expectations. This is a breaking story. Please check back later for updates.
Barclays sets $32.20 price target for NMI Holdings
NEW YORK – Barclays has recently issued an Overweight recommendation for NMI Holdings Inc (NASDAQ:NMIH), the parent company of U.S.-based National Mortgage Insurance Corporation (National MI). The financial institution foresees a 12.44% potential upside for the company, setting a one-year target price of $32.20, up from the closing price of $28.64. The current put/call ratio […]
Roboadvisor Wealthfront reaches $50 billion in client assets
By Hannah Lang (Reuters) – Digital wealth management provider Wealthfront, a pioneer in automated investing, now oversees more than $50 billion in assets and is set to grow revenue by more than 140% this year, the company said on Thursday. The milestone comes more than a year after UBS and Wealthfront agreed to terminate the […]
Walmart earnings beat by $0.02, revenue topped estimates
Investing.com – Walmart (NYSE: WMT) reported third quarter EPS of $1.53, $0.02 better than the analyst estimate of $1.51. Revenue for the quarter came in at $160.8B versus the consensus estimate of $159.3B. Walmart sees FY 2024 EPS of $6.40-$6.48 versus the analyst consensus of $6.48. Walmart’s stock price closed at $169.78. It is up […]
Walmart lifts targets as shoppers pick low-priced groceries for the holiday
(Reuters) – Walmart (NYSE:WMT) raised its annual sales and profit forecast on Thursday for the second straight quarter, signaling a strong start to the holiday season. The U.S. retail giant has used its size and scale to keep prices low despite inflation, drawing in not just low-income shoppers but also more high-income consumers looking for […]
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