According to Geely, it is projecting a total of 1.65 million units for the current fiscal year and it expects its electric vehicle to dominate the mix.
Virgin Orbit stock is up over 73% in the pre-market while yesterday it closed down almost 15%.
The Terran Orbital Q4 2022 release revealed revenue increases on a quarter-on-quarter and year-on-year basis.
Sweden’s largest pension fund Alecta dumped its First Republic Bank stake at a $728 million loss amid broader US banking losses.
Following the announcement, a section of the crypto community on Twitter has heaped praises on the IRS and Treasury Department for taking such a detailed approach instead of regulating through enforcement.
According to NAR Chief Economist Lawrence Yun, home prices will not collapse, but this is not the bottom yet, meaning there might be a further decrease. The number of units sold could be even higher, but there is still a very low supply.
GameStop is committing to amassing more gains following the latest quarterly profit.
According to Nike, inventories climbed 16% in the fiscal Q3 2023 compared to the same period in 2022.
The FDIC and Fed are looking for ways the US government can guarantee all bank deposits amounting to $17 trillion should the financial turmoil worsen.
GoTo hopes to achieve positive Group adjusted EBITDA1 within the fourth quarter of 2023 while also reaching a full-year 2023 Group adjusted EBITDA1 to be between Rp 5.3 to Rp 4.6 trillion.
JPMorgan chief executive Jamie Dimon seeks to create a comprehensive rescue plan for First Republic amid the banking crisis.
Sources familiar with the matter said that if Virgin Orbit fails to strike a deal this week, it’s preparing for restructuring in the case of insolvency.
Amazon is reducing costs and headcounts, considering the “uncertainty that exists in the near future” and the unstable economy.
A Goldman Sachs economist anticipates that the Fed would suspend its forthcoming rates hike due to “stress in the banking system.”
In an attempt to save First Republic Bank, a number of mainstream banking giants have decided to come to the bank’s aid with a total deposit of $30 billion.