One of the hot rumors swirling around the stock market on Friday concerned a top U.S. electric vehicle (EV) stock, so many titles in the sector saw big lifts on the day. Nio (NYSE: NIO) and fellow Chinese next-generation car maker Xpeng (NYSE: XPEV) both closed more than 4% higher against the S&P 500 index's 0.3% bump. Shares of American EV company Rivian (NASDAQ: RIVN), meanwhile, booked an over 8% gain.
Patient Capital Management, a value investing firm, released its “Patient Capital Opportunity Equity Strategy” first quarter 2024 investor letter. A copy of the same can be downloaded here. During the quarter the strategy returned 11.8% net of fees compared to the S&P 500’s 10.6% return. The outperformance of the portfolio can be attributed to selection and […]
Major North Korean hacking groups have mounted "all-out" cyber attacks against South Korean defence companies for more than a year, breaching the firms' internal networks and stealing technical data, South Korea's police said on Tuesday. Hacking teams linked to North Korea's intelligence apparatus and known as Lazarus, Kimsuky and Andariel planted malicious codes in data systems of the defence companies either directly or through contractors working with them, the police said. The police, working with a team of national spy agency and private sector experts, traced the hacks to the groups, identifying them by the source IP addresses, the re-routing architecture of the signals and the signatures of the malwares used, it said.
Report comes a day after South Korean and Japanese militaries detected North firing suspected multiple short-range ballistic missiles
An ally of President Vladimir Putin warned Europe on Tuesday that Russia has already drafted legislation to retaliate if nearly $300 billion of Russian assets were seized by the West and used to help Ukraine. After President Vladimir Putin sent troops into Ukraine in 2022, the United States and its allies prohibited transactions with Russia's central bank and finance ministry, blocking around $300 billion of sovereign Russian assets in the West. The U.S. House of Representatives passed legislation on Saturday including a bill with a provision that would allow the confiscation of Russian sovereign assets, though the lion's share of the assets are in Europe.
MPs have begun debating the Lords’ amendments and the parliamentary back-and-forth is set to go on late into evening
Memories of an underwhelming start to his managerial career are fading as the Australian targets a continental final with Yokohama
Panzer's delicatessen in St John’s Wood has lost 37 suppliers from the European Union since Britain left the single market in 2021
Controversial UK government plans for deporting asylum seekers to Rwanda cleared their final hurdle on Monday, after a marathon tussle between the upper and lower chambers of parliament lasting late into the night. British Prime Minister Rishi Sunak says deportation flights would begin in July. Prime Minister Rishi Sunak and his ruling Conservatives have been seeking to push through legislation that will compel judges to regard the east African nation as a safe third country.They also want to gi
TOKYO — Simmering tensions between Beijing and Washington remain the top worry for American companies operating in China, according to a report by the American Chamber of Commerce in China released Tuesday. The survey of U.S. companies said inconsistent and unclear policies and enforcement, rising labor costs and data security issues were other top concerns. It also said that, despite the insistence of Chinese leaders that Beijing welcomes foreign businesses, many still are hindered from free co
Online retail giant Amazon announced it intends to shut down the drone delivery program in the only California area participating, according to a news release from the company.
Fred Persaud slept in front of the Serving Seniors building in downtown San Diego for about a year. His time on the street was anything but easy.
Japanese authorities could intervene in the currency market any time as recent yen declines are excessive and out of line with fundamentals, ruling party executive Satsuki Katayama told Reuters. The dollar/yen has risen to near 155 from around 140 at the outset of this year, which can be described as excessive volatility, said Katayama, who is acting chairperson of the Liberal Democratic Party's (LDP) policy research council. "I don't think Japan will face any criticism if it were to act now," Katayama said in an interview on Monday, when asked about the timing of a possible currency intervention by Japanese authorities to prop up the yen.
Japanese retail giant Seven & i Holdings said on Tuesday it wanted to see huge growth for its 7-Eleven convenience store chain globally, and would be accelerating its entry into Europe, Latin America, the Middle East and Africa. It is aiming to boost the global number of 7-Eleven stores 18% to about 100,000 by 2030 and for the chain to be in 30 countries and regions, up from 20 now. It also agreed to spend more than $2 billion to scoop up convenience stores in Australia and the United States.
Gunners can extend lead at the top of the Premier League
Parliamentary stand-off ends, opening the way for asylum seekers to be sent to the African country.
Atlassian Corp (NASDAQ:TEAM), a leading provider of team collaboration and productivity software, has reported an insider sell according to a recent SEC filing.
STORY: Demonstrators tussled with officers and chanted, "We will not stop, we will not rest. Disclose. Divest."A New York police spokesperson said arrests were made after the university asked police to enforce trespassing violations but the total number of arrests and citations would remain unknown until much later. No immediate injuries were reported.Protests at Yale, Columbia, NYU and other university campuses across the nation began in response to the escalation of the Israeli-Palestinian conflict, following the deadly cross-border raid by Hamas militants on Oct. 7 and Israel's fierce response in the Gaza enclave controlled by Hamas.
Director Clint Hurt has sold 4,568 shares of PrimeEnergy Resources Corp (NASDAQ:PNRG) on April 19, 2024, according to a recent SEC filing.
Japanese government bond yields ticked higher on Tuesday, with the two-, five- and 30-year yields reaching levels not seen in more than a decade, as traders looked ahead to the Bank of Japan's policy-setting meeting at the end of this week. The two-year JGB yield rose 0.5 basis points to 0.285% as of 0515 GMT, the highest since October 2009, despite solid demand at an auction of the securities earlier in the day. The 10-year JGB yield rose 0.5 bps to 0.885%, hovering at a five-month peak.
Prime Minister hails 'landmark' Rwanda law after Lords finally back down over its efforts to amend the Bill late on Monday night
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