Why Luokung Technology Stock Was Jumping Again Today

Jeremy Bowman, The Motley Fool

June 21, 2021 at 12:01 p.m.·2 min read

Why Luokung Technology Stock Was Jumping Again Today

Shares of Luokung Technology (NASDAQ: LKCO) were moving higher today for the second day in a row after the Chinese mapping technology company announced a large new contract on Friday. On Friday, Luokung said that its subsidiary eMapgo Technologies (EMG) has entered into a new contract to deliver "a new-generation traffic control network and smart-highway demonstration project for the Changjiu Expressway in the Jiangxi Province of China." As part of the deal, the company will be managing a 3D real-life highway digital management system that will provide real-time data to support technologies like lane navigation and autonomous driving.

HuffPost UK
Denise Welch, Matty Healy's Mum, Has Finally Spoken Out About Taylor Swift's New Album
The Tortured Poets Department review we've all been waiting for is here.
4 minutes ago
Reuters
QUOTES-BOJ Governor Ueda's comments at news conference
The Bank of Japan kept interest rates around zero on Friday and highlighted a growing conviction that inflation was on track to durably hit 2% in coming years, signalling its readiness to hike borrowing costs later this year. The central bank also stuck to its guidance made in March to keep buying government bonds around the current pace, dashing hopes by some traders that it could soon taper purchases partly to slow the yen's declines.
6 minutes ago
Reuters
UPDATE 1-Safran posts higher Q1 revenue, keeps financial targets
French jet engine maker Safran posted an 18.1% jump in first-quarter revenue and reaffirmed financial targets for the year while joining U.S. partner GE Aerospace in lowering a target for engine deliveries. The Paris-based company posted quarterly revenues of 6.22 billion euros ($6.67 billion), up 19.1% on an underlying basis. Safran co-produces engines for Boeing and Airbus narrow-body jets with GE Aerospace through their CFM joint venture, which is the sole supplier to Boeing's 737 MAX family of jets and competes with Pratt & Whitney on the Airbus A320neo series.
8 minutes ago
France 24
Ukraine court orders agriculture minister into custody for suspected corruption
A Ukrainian court ordered on Friday for Agriculture Minister Mykola Solsky to be taken into custody over allegations of his involvement in an illegal acquisition of state-owned land worth about $7 million. Solsky denies the allegations, which relate to events in 2017-2021, before he started as agriculture minister in March 2022. The judge set bail at 75.7 million hryvnias ($1.9 million).Solsky tendered his resignation letter on Thursday but technically remains in his post until parliament consid
9 minutes ago
The Telegraph
Adrian Newey is the genius behind Red Bull’s domination – they cannot afford to let him go
The whispers around Adrian Newey being unsettled are nothing new. As soon as the Christian Horner controversy first erupted back in early February, there was speculation regarding Formula One’s pre-eminent designer and specifically on which side of the fence he stood.
11 minutes ago
Thomson Reuters StreetEvents
Q1 2024 O'Reilly Automotive Inc Earnings Call
Q1 2024 O'Reilly Automotive Inc Earnings Call
13 minutes ago
BBC
Co-op Live: Manchester venue boss resigns after shows postponed
Gary Roden quits days after he was criticised for telling BBC some grassroots music venues are "poorly run".
13 minutes ago
Evening Standard
London travel news LIVE: District line partially suspended with 'casualty on tracks' as Tube strike begins
Commuters on the Tube are suffering serious morning rush-hour disruption as emergency workers respond to a casuality on the track. The incident has closed the District line between Tower Hill and Upminster with severe delays on the rest of the line. There is also now service on the Hammersmith & City line between Liverpool Street and Barking.
16 minutes ago
BBC
California college cancels grad ceremony as protests over Israel's war in Gaza continue
Protests against the Gaza war grip dozens of campuses across America, with hundreds of arrests.
17 minutes ago
Reuters
Alphabet, Microsoft shares jump as investors cheer AI investment
Microsoft and Google showed investors that heavy artificial intelligence investment can pay off with rising revenue, allaying concerns raised a day earlier by Meta, which said its expensive foray into AI was not immediately paying off. Shares in Google-parent Alphabet were up over 11% in Frankfurt on Friday, while Microsoft shares rose nearly 5%. Microsoft beat Wall Street estimates for third-quarter revenue and profit on Thursday, driven by gains from adoption of artificial intelligence across its cloud services.
18 minutes ago
The Guardian
Private Revolutions by Yuan Yang review – an intimate account of how China is changing
A social and economic revolution observed through the lives of four women in their 30s
18 minutes ago
The Guardian
David Crowell: Point/Cloud review – minimalism that sparkles with joy
The New York multi-instrumentalist, who has played with Philip Glass and Steve Reich, shows great flair for making minimalism rich and harmonically complex
18 minutes ago
The Telegraph
Ask the Expert: Which small, reliable runabout can replace my large Lexus?
My Lexus IS200 will be 25 next year. It has done almost 96,000 miles, travelled in France, charged up and down the M40 and never let me down. I now live in a city and do not need a car with such a large engine, but a smallish reliable runabout to carry two adults and two grandchildren under 12. What do you suggest?
19 minutes ago
BBC
Africa's week in pictures: 19-25 April 2024
A selection of the week's best photos from across the continent and beyond.
19 minutes ago
Simply Wall St.
Evotec SE (ETR:EVT) Yearly Results: Here's What Analysts Are Forecasting For This Year
One of the biggest stories of last week was how Evotec SE ( ETR:EVT ) shares plunged 32% in the week since its latest...
20 minutes ago
euronews Videos
News bulletin 2024/04/26 08:29
News bulletin 2024/04/26 08:29View on euronews
20 minutes ago
The Independent
Books laced with arsenic removed from French national library
Poisoned books include volumes of Edward Hayes’s ’The Ballads of Ireland’ from 1855
20 minutes ago
USA TODAY Sports
Los Angeles Rams 'fired up' after ending first-round pick drought with Jared Verse
Aaron Donald replacement? Not quite. But the Los Angeles Rams fill a positional need with Florida State defensive end Jared Verse.
21 minutes ago
The Independent
Booker Prize urged to consider changing name over slavery ties
Prestigious literary prize is named after George and Josias Booker who enslaved 200 people on a cotton plantation in 1800s
21 minutes ago
Evening Standard
FTSE 100 Live 26 April: Anglo American rejects BHP offer, blue-chips seen higher as NatWest updates
Consumer confidence is improving after the headline score on GfK’s long-running index rose two points to minus 19 in April, compared with minus 30 a year earlier. GfK’s client strategy director Joe Staton said the improvements reflect the impact on household budgets of lower inflation and the anticipation of further tax cuts. “But Spring has arrived and maybe consumer confidence is, at last, slowly becoming brighter and heading in the right direction.”
22 minutes ago

Latest Stories