By Jeanny Kao TAIPEI (Reuters) -Taiwan will help companies relocate production from China given the likely large impact from tariffs that incoming U.S. President Donald Trump has promised to impose on the country, Economy Minister Kuo Jyh-huei said on Thursday. A threat by Trump, who will take office in January, to impose tariffs of 60% …
Taiwan will help companies move from China given likely Trump tariffs Read More »
(Reuters) – Shares of Trump Media & Technology Group slumped to a two-week low on Thursday, as speculative bets on Donald Trump winning the U.S. presidential election lost steam a day after his victory. The stock was nearly 20% lower at 10:25 a.m. ET, on track to erase its 6% gain on Wednesday after majority …
Trump Media shares slump as US election euphoria fades Read More »
(Reuters) – United States Cellular said on Thursday it has agreed to sell a portion of spectrum licenses used to transmit mobile phone signals and high-speed data services to AT&T in a $1.02 billion deal. The transaction is part of the regional wireless carrier’s strategy to monetize its spectrum assets that were not part of …
US Cellular to sell some spectrum licenses to AT&T for $1 billion Read More »
By Mariam Sunny and Bhanvi Satija (Reuters) -Neutrogena-owner Kenvue’s third-quarter sales fell short of expectations on Thursday, marking the fifth consecutive quarter of year-over-year decline in its core skin health and beauty products segment. Kenvue said it is trying to improve sales by spending more on marketing and supplying additional units of its skincare products …
Kenvue’s falling skin health sales hit earnings again Read More »
(Reuters) – Cloud monitoring firm Datadog raised its annual revenue and profit forecasts on Thursday, betting on accelerating demand for its AI-backed cybersecurity products. Shares of the New York City-based company rose 4.1% before paring gains later in volatile trading. “Datadog reported very strong results and guided for further impressive growth, some of it driven …
Datadog raises annual forecast betting on AI-driven cybersecurity demand Read More »
MEXICO CITY (Reuters) -Mexico’s economy chief will try to meet soon with Tesla’s chief executive Elon Musk to determine his plans for an electric car factory in northern Mexico, he told local radio on Thursday, part of a push to grow the country’s key carmaking sector. Economy Minister Marcelo Ebrard is a former foreign minister …
Mexican economy chief wants to sound out Musk on Tesla plant plans Read More »
By Patrick Wingrove (Reuters) -Moderna reported a surprise third-quarter profit on Thursday, driven by cost cutting and higher-than-expected sales of its COVID-19 vaccine, even with low revenue from its new respiratory syncytial virus shot. Shares of the Cambridge, Massachusetts-based company were up nearly 5% to $54.22 in early trading. Moderna posted a profit of $13 …
Moderna reports surprise profit on higher-than-expected COVID vaccine sales Read More »
(Reuters) -Arm Holdings shares fell 2% on Thursday after the chip firm’s in-line quarterly revenue forecast disappointed investors looking for a bigger boost from the generative AI boom. The British company’s share price has more than doubled since its initial public offering last September, driven by bets that it will benefit from a surge in …
Arm Holdings shares fall as revenue forecast fails to impress investors Read More »
By Anshuman Tripathy and Abhijith Ganapavaram (Reuters) -Archer Aviation said on Thursday a joint venture between Japan Airlines and Sumitomo Corp had secured the right to place orders for up to 100 of its electric air-taxis worth $500 million. Shares of Archer Aviation rose 7% in morning trading. If placed, the order from the joint …
JAL-Sumitomo JV secures right to place order for up to 100 Archer air-taxis Read More »
By Echo Wang NEW YORK (Reuters) -Private equity firm Carlyle Group posted flat third-quarter profits but beat Wall Street’s estimates as higher fee income was offset by increased compensation expenses. Distributable earnings, or profit that can be returned to shareholders, in the third quarter was $367 million, or 95 cents per share, nearly flat compared …
Carlyle third-quarter profit tops Wall St view; shares gain Read More »
