Mindblown: a blog about philosophy.

(Reuters) – Bath & Body Works (NYSE:BBWI) lowered its annual sales forecast on Thursday on signs of slowing demand ahead of the crucial holiday season, as customers cut back spending on non-essential items like the specialty retailer’s candles and soaps. High living costs paired with sticky inflation has made consumers tighten their budgets when it […]

(Reuters) -China’s Alibaba (NYSE:BABA) Group Holding said on Thursday it will scrap the spin off of its cloud unit in response to export curbs by the United States on chips used in artificial intelligence applications. Its U.S.-listed shares fell about 5% in premarket trading after it also reported second-quarter revenue in line with market expectations. […]

(Reuters) – Global equities are set to outperform core fixed-income assets next year, as threats of a global economic slowdown have declined, Barclays strategists said in a note on Thursday. They pointed to equities holding up against a ‘higher-for-longer’ interest rate environment, thanks to a largely AI-driven rally in U.S. mega-caps as well as strength […]

Investing.com – Alibaba ADR (NYSE: BABA) reported third quarter EPS of ¥15.63, ¥0.24 better than the analyst estimate of ¥15.39. Revenue for the quarter came in at ¥224.79B versus the consensus estimate of ¥224.95B. Alibaba ADR’s stock price closed at ¥87.07. It is down -1.09% in the last 3 months and up 3.33% in the […]

Gossamer Bio (NASDAQ:GOSS), a biotechnology firm, has recently come into focus due to the unique composition of its ownership. Individual investors hold a majority stake of 51%, which affords them significant influence over the company’s management decisions. This level of control by non-institutional shareholders is atypical in the industry and could impact the direction of […]

By Yuka Obayashi TOKYO (Reuters) – Japan’s Sumitomo Metal Mining is considering producing cathode battery materials in the United States among other options as it looks to expand output to meet demand from electric vehicles, an executive said on Thursday. Sumitomo Metal, which supplies the nickel-cobalt-aluminium (NCA) cathode materials for the Panasonic (OTC:PCRFY) lithium-ion batteries […]

Deloitte’s recent Southeast Asia Annual IPO Press Conference brought forward a positive outlook for Malaysia’s initial public offering (IPO) landscape. The disruptive events advisory leader of the firm, Wong Kar Choon, speaking at the event today, projected a strong Malaysian IPO market for 2024, highlighting the role of quality issuers and solid investor interest in […]

Analysts at Citi downgraded Plug Power (NASDAQ:PLUG) to a Neutral rating (from Buy) and lowered their Price Target to $5 (from $12.50), noting that PLUG’s management’s “subpar execution has led the company into liquidity challenges.” In their latest note, they note that the company has not been able to execute on its formerly “catalyst rich […]

Analysts at Citi downgraded Plug Power (NASDAQ:PLUG) to a Neutral rating (from Buy) and lowered their Price Target to $5 (from $12.50), noting that PLUG’s management’s “subpar execution has led the company into liquidity challenges.” In their latest note, they note that the company has not been able to execute on its formerly “catalyst rich […]

Gandhar Oil Refinery India has announced the opening of its initial public offering (IPO) on November 22, following the opening of its anchor book for a single day on Monday. The public offering consists of a fresh issue worth ₹302 crore and an offer-for-sale of 1.17 crore equity shares. The company’s promoters, Ramesh Babulal Parekh, […]