FOREX-Dollar steadies near 16-week low, yuan set for biggest weekly gain since 2005

"We think a large part of the rally was caused by a short squeeze as investors were caught being too negative on the group given Covid and competition concerns," said Deutsche Bank analyst Edison Yu's team. The post NIO, XPeng, Li Auto see epic rally in US, what happened? appeared first on CnEVPost. For more articles, please visit CnEVPost.

NIO, XPeng, Li Auto see epic rally in US, what happened?

China's BYD to sell EVs in Mexico next year, aims up to 30,000 sales in 2024

BENGALURU, Nov 29 (Reuters) - Chinese e-commerce giant Alibaba Group Holding Ltdplans to sell a stake of about 3% in Indian food delivery firm Zomato LtdS) worth $200 million through a block deal, CNBC Awaaz reported on Tuesday, citing sources. )

Alibaba to sell Zomato shares worth $200 mln via block deal - report

China's Fosun seeks to sell stake in Alibaba's logistics arm Cainiao- sources

With the imminent expiration of China's purchase subsidies for NEVs and rising raw material prices, BYD will begin raising prices next year. The post BYD to raise vehicle prices from Jan 1 appeared first on CnEVPost. For more articles, please visit CnEVPost.

BYD to raise vehicle prices from Jan 1

'Boomerang CEOs' don't always work out; Disney hopes this one bucks trend

Nov 21 (Reuters) - Walt Disney Co:
* MOODY'S SAYS DISNEY'S LEADERSHIP SHUFFLE DOES NOT IMPACT RATINGS

Moody's Says Disney's Leadership Shuffle Does Not Impact Ratings

Edison Yu's team predicts NIO will deliver 13,500 units in November and 19,500 units in December. The post NIO operational issues hinder sales, but the worse may finally be over, says Deutsche Bank appeared first on CnEVPost. For more articles, please visit CnEVPost.

NIO operational issues hinder sales, but the worse may finally be over, says Deutsche Bank

Nov 17 (Reuters) - Roku Incsaid on Thursday it would cut 200 jobs in the United States, becoming the latest tech company to lay off workers amid an economic slowdown and decades-high inflation.

Roku becomes latest firm to reduce staff with 200 job cuts

Nov 17 (Reuters) -

* MUSK SAYS ABILITY TO DO LONG TWEETS COMING SOON - TWEET Source text: https://bit.ly/3E7ebfO
((reuters.briefs@thomsonreuters.com;))

Musk Says Ability To Do Long Tweets Coming Soon on Twitter - Tweet

Nov 14 (Reuters) - SOROS FUND MANAGEMENT:

Soros Fund Management Takes Share Stake In Zoom Video, Union Pacific, Raises in Uber, Spotify

Nov 14 (Reuters) -

* MUSK SAYS TESLA BUYBACKS "UP TO THE TESLA BOARD" - TWEET Further company coverage:((Reuters.Briefs@thomsonreuters.com;))

Musk Says Tesla Buybacks &#34;Up To The Tesla Board&#34; - Tweet

Wall St Week Ahead-Soaring U.S. tech stocks leave some investors doubtful rebound will last

Nov 11 (Reuters) -

* ELON MUSK SAYS TWITTER HIT ALL-TIME HIGH OF ACTIVE USERS TODAY-TWEET Source text [http://bit.ly/3NVspoD]
((Reuters.Briefs@thomsonreuters.com;))

Elon Musk Says Twitter Hit All-Time High Of Active Users On Friday-Tweet

Nov 9 (Reuters) -

* TWITTER FILES PAPERWORK TO ENTER PAYMENTS BUSINESS - NYT Source text: https://nyti.ms/3NTGzq0
((Reuters.Briefs@thomsonreuters.com;))

Twitter Files Paperwork To Enter Payments Business - NYT

Nov 8 (Reuters) - Tesla IncChief Executive Officer Elon Musk has sold 19.5 million shares of the electric vehicle maker worth $3.95 billion, U.S. securities filings showed on Tuesday.

Elon Musk sells 19.5 mln Tesla shares worth $3.95 bln - SEC filing

BRUSSELS, Nov 8 (Reuters) - EU antitrust regulators on Tuesday opened a full-scale investigation into Microsoft’s

EU antitrust regulators to probe Microsoft's $69 bln Activision bid

Nov 1 (Reuters) -

* TWITTER TELLS WORRIED EMPLOYEES THEIR VESTED SHARES WILL BE PAID IN COMING DAYS - CNBC Source text: https://cnb.cx/3Dupa2q Further company coverage: [ ]
((Reuters.Briefs@thomsonreuters.com;))

Twitter Tells Worried Employees Their Vested Shares Will Be Paid In Coming Days - CNBC

Sony Q2 gaming profit tumbles 50% on higher costs

BENGALURU, Nov 1 (Reuters) - Alphabet Inc’sGoogle is pausing its policy that requires app developers to use its Google Play billing system for buying digital goods and services in India, following a ruling by the country’s antitrust body.

Google pauses enforcement of in-house billing system in India on antitrust directive

Oct 31 (Reuters) - Billionaire Elon Musk said on Monday he would be the chief executive officer of Twitter, the social company he recently acquired for $44 billion.

Elon Musk says he will be Twitter CEO

Tesla will showcase its entire "S3XY" family of vehicles at the China International Import Expo on November 5. The post Tesla to present Model S Plaid and Model X Plaid in China appeared first on CnEVPost. For more articles, please visit CnEVPost.

Tesla to present Model S Plaid and Model X Plaid in China

Oct 28 (Reuters) -

* MILLENNIUM GROUP INTERNATIONAL HOLDINGS LTD FILES FOR U.S. IPO OF 5 MILLION ORDINARY SHARES – SEC FILING
* MILLENNIUM GROUP INTERNATIONAL HOLDINGS LTD - EXPECT THE OFFERING PRICE TO BE BETWEEN $4.00 AND $5.00 PER ORDINARY SHARE
* MILLENNIUM GROUP INTERNATIONAL HOLDINGS LTD - HAVE APPLIED TO LIST ORDINARY SHARES ON NASDAQ CAPITAL MARKET UNDER SYMBOL “MGIH.”
* MILLENNIUM GROUP INTERNATIONAL HOLDINGS LTD SAYS NETWORK 1 FINANCIAL SECURITIES, INC IS UNDERWRITER TO IPO

Millennium Group International Holdings Ltd Files For U.S. IPO Of 5 Million Ordinary Shares – SEC Filing

Investors who stuck it out for Musk's Twitter deal set to reap rewards

Oct 28 (Reuters) -

* FAST-FASHION JUGGERNAUT SHEIN’S SALES CLOSE IN ON ZARA, H&M - WSJ
* ONLINE RETAILER SHEIN IS ON TRACK TO GENERATE REVENUE OF $24 BILLION THIS YEAR -WSJ Source text: https://tinyurl.com/r9uj9a75 Further company coverage: [ ]
((reuters.briefs@thomsonreuters.com;))

Fast-Fashion Juggernaut Shein’S Sales Close In On Zara, H&amp;M - WSJ

Oct 26 (Reuters) - Chijet Motor Co has agreed to go public in the United States through a merger with a blank-check company that values the Chinese automaker at $1.6 billion, the companies said on Wednesday.

Chinese automaker Chijet plans U.S. listing via $1.6 billion blank-check deal

Oct 25 (Reuters) - Apple Incis cutting back production of iPhone 14 Plus and is increasing the output of the more expensive iPhone 14 Pro due to lukewarm demand, market research firm TrendForce said Tuesday.

Apple is cutting back production of iPhone 14 Plus due to weak demand - TrendForce

Microsoft powers up search for Chinese gaming hits in race against Sony

Analyst: Wolfspeed Stock Could Jump 50% or More

The US remains Tesla's largest market, contributing 47.73 percent of revenue in the third quarter. The post Tesla sees 24% of Q3 revenue come from China appeared first on CnEVPost. For more articles, please visit CnEVPost.

Tesla sees 24% of Q3 revenue come from China

Last Wednesday, if you somehow had a premonition that the Consumer Price Index (CPI) was NOT going to show signs of cooling but instead surprise to the upside to bring core CPI to its highest annual pace in four decades, you would have expected markets to tumble on Thursday.And you would have been right until about 11 a.m.

Uncertainty Is the Name of the Financials Markets Game

Oct 20 (Reuters) -

* INSTACART IS LIKELY TO POSTPONE ITS PLANS TO GO PUBLIC IN 2022 - SOURCE

Instacart Is Likely To Postpone Its Plans To Go Public In 2022 - Source

Oct 20 (Reuters) -

* INTERNAL MEMO FROM TWITTER SENT AROUND TONIGHT SAYS "NO PLANS FOR ANY COMPANY-WIDE LAYOFFS." - BLOOMBERG NEWS REPORTER TWEET Source text: https://bit.ly/3SlkGkn
((Reuters.Briefs@thomsonreuters.com;))

Internal Memo From Twitter Sent Around Tonight Says &#34;No Plans For Any Company-Wide Layoffs&#34; - Bloomberg News Reporter Tweet

Netflix targets global TV ad market as next business to disrupt

The battery production center is BMW's third in the world and its first outside Germany. The post BMW to expand its battery production facility in China, report says appeared first on CnEVPost. For more articles, please visit CnEVPost.

BMW to expand its battery production facility in China, report says

BEIJING, Oct 14 (Reuters) - China’s consumer prices in September rose at the fastest pace since April 2020, mainly driven by food prices, limiting the scope for more central bank easing to prop up a faltering economy hit by COVID-19 restrictions and a property sector slump.

China's Sept CPI rises at fastest pace since April 2020

Oct 13 (Reuters) - McDonald's Corp:
* MCDONALD'S RAISES QUARTERLY CASH DIVIDEND BY 10%
* MCDONALD'S PROPOSES QTRLY CASH DIVIDEND $1.52 PER SHARE OF COMMON STOCK

McDonald's Raises Quarterly Cash Dividend By 10%

A Chinese consumer who pre-ordered the Model S Plaid received a notice from Tesla to make the final payment in order to prepare for delivery. The post Tesla readies for Model S Plaid delivery in China appeared first on CnEVPost. For more articles, please visit CnEVPost.

Tesla readies for Model S Plaid delivery in China

Oct 12 (Reuters) - Elon Musk’s SpaceX is set to seek a permit for Starlink services in India under its Starlink brand, the Economic Times reported on Wednesday, citing people with knowledge of the matter. The company will also seek statutory approvals from the government for landing rights and market access, the report said.

SpaceX to seek permit for Starlink services in India - Economic Times

LONDON, Oct 11 (Reuters) - Emerging market stocks hit their lowest level since the initial COVID-19 selloff in April 2020 on Tuesday as a wider downturn in risk assets continued.
MSCI’s benchmark EM index (.MSICEF) fell to 866.41 points in a third day of falls. The index is on track for a near-30% tumble year-to-date, its worst year since the 2008 global financial crisis.

Emerging market stocks hit lowest since April 2020, on track for 30% annual drop

Vehicles produced at Tesla factories are typically used for export at the beginning of the quarter and for local deliveries at the end of the quarter. The post Tesla delivers 77,613 vehicles in China in Sept, second highest on record appeared first on CnEVPost. For more articles, please visit CnEVPost.

Tesla delivers 77,613 vehicles in China in Sept, second highest on record

Amazon.com to invest over 1 bln euros in European electric van, truck fleet

Tesla's China-made sales hit record following Shanghai factory upgrade

(Repeats story first published on Friday.)

Wall St Week Ahead-Stay sidelined or scoop up stocks? Investors weigh choice as market slides

TipRanks analyst ranking service pinpoints Wall Street's best-performing stocks, including Apple & Amazon.

Top Wall Street analysts pick these stocks as the market grows increasingly uncertain

NIO's chip team is developing high-level self-driving chips and LiDAR chips, with self-driving chips likely to start being used in production vehicles as early as around 2024, according to local media. The post NIO working on self-driving and LiDAR chips with team size of nearly 300, report says appeared first on CnEVPost. For more articles, please visit CnEVPost.

NIO working on self-driving and LiDAR chips with team size of nearly 300, report says

SAO PAULO, Oct 7 (Reuters) - The Brazilian unit of power company China Three Gorges is expected to file this month for an IPO aiming to raise $1 billion, three sources with knowledge of the matter said.

Brazilian unit of China Three Gorges to file for $1 billion IPO this month- sources

SYDNEY, Oct 7 (Reuters) - Australian software mogul Mike Cannon-Brookes was named chairman on Friday of clean energy start-up Sun Cable, which is seeking to secure funds for a proposed A$30 billion-plus ($19.3 billion-plus) solar power export project.

Australian tech billionaire to chair $20 bln solar power export project

Oct 4 (Reuters) - Emerson Electric Cois in talks with U.S. buyout firm Blackstone Incto sell a part of its commercial and residential solution business assets, Bloomberg News reported on Tuesday citing people familiar with the matter.