Ritu

Amazon’s AWS Warning, PCE Ahead, European Economic Data – What’s Moving Markets 0
- Uncategorized
- April 28, 2023
Amazon warns of a slowdown at its crucial cloud-computing division, while U.S. stock futures edge down after a fresh batch of other corporate results. Focus will turn to the Federal Reserve’s preferred inflation gauge later today, but in the meantime traders are digesting major economic data out of Europe U.S. stocks pointed lower on Friday
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Volvo Cars Plans Cost Cuts As First-Quarter Profit Drops 0
- Uncategorized
- April 27, 2023
Sweden-based automaker Volvo Car Group reported a smaller-than-expected fall in first-quarter operating earnings on Thursday and said while overall demand remained healthy it may still cut costs as the global economy slows down. Volvo Cars, majority-owned by China’s Greely Holding, said operating earnings fell to 5.1 billion Swedish crowns ($494.63 million) in the quarter from
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LG Display Talks Up H2 Recovery Hopes After 4th Straight Quarterly Loss 0
- Uncategorized
- April 26, 2023
South Korean display panel maker LG Display (NYSE:LPL) on Wednesday pinned hopes for a second-half turnaround on the tech sector replenishing depleted inventories after racking up a fourth straight quarterly loss that trailed estimates. Amid depressed global demand for devices like computers and monitors, LG Display slumped to a 1.1 trillion won ($823 million) operating
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Hyundai Motor Finalises $5 Billion US Battery Venture, Doubles Q1 Profit 0
- Uncategorized
- April 25, 2023
South Korea’s Hyundai Motor Co said on Tuesday it had finalized a $5 billion electric vehicle (EV) battery joint venture in the U.S., as it reported first-quarter net profit had more than doubled, exceeding expectations. Hyundai and partner SK On, a battery unit of SK Innovation Co Ltd, will set up a new battery manufacturing
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