Tesla stock soars 22% for best day in over a decade on Musk’s 2025 growth projection
Tesla shares soared 22% Thursday, the stock’s best day in 11 years, following its better-than-expected third-quarter earnings.
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Nvidia supplier SK Hynix posts record quarterly profit as AI boom drives demand
Revenue for the third quarter grew about 94% year-on-year.
Tokyo Metro shares surge 45% on debut after Japan’s largest IPO in six years
The IPO offered 2.32 billion shares for a price of 1,200 yen apiece, valuing the offering at 348.6 billion yen ($2.3 billion)
China tightens export controls for tech and goods with military use, ahead of Xi’s trip to Russia
China unveiled a set of regulations on export control of goods and technologies that could be used for military purposes.Â
China cuts benchmark lending rates by 25 basis points
The move was expected. China’s central bank governor indicated last week that the loan prime rates would be lowered.
Here’s why inflation may look like it’s easing but is still a huge problem
By nearly every barometer, inflation is still well above where most Americans, and in fact some Fed officials, feel comfortable.
Stellantis to shutter and sell large testing facility amid cost-cutting efforts
Stellantis’ Arizona Proving Grounds covers 4,000 acres between Phoenix and Las Vegas in Yucca, Arizona.
Intel seeks billions for minority stake in Altera business, sources say
This move that would represent a sharp about face from its earlier public messaging about the larger company’s prospects.
China’s housing ministry to hold briefing on efforts to bolster the property market
Ni Hong, China’s minister of housing and urban-rural development, is expected to speak at the event alongside officials from the central bank and finance ministry.
Chip company ASML shares plunge 16% after warning of weaker China sales in early release
ASML published its third-quarter earnings Tuesday, a day earlier than expected.