To say that there is a ton of potential for electric vehicle companies in China would be a massive understatement. In this Fool Live video clip, recorded on April 28, Chief Growth Officer Anand Chokkavelu explains why NIO (NYSE: NIO) could be a big winner if it can execute. Matt Frankel: The other, other Tesla (NASDAQ: TSLA) of China is next.
Estimates that Swiss bank UBS will require another $15 billion to $25 billion in capital under government proposals aimed at making the banking sector more robust are about right, Switzerland's finance minister was quoted as saying on Tuesday. "That's right, those orders of magnitude are plausible," Swiss Finance Minister Karin Keller-Sutter told the Tages-Anzeiger newspaper. Keller-Sutter was speaking after the Swiss government last week set out proposals to tighten regulation for banks deemed "too big to fail", particularly UBS, which said the lender would face more stringent capital requirements in future.
Warren Foegele scored twice and Adam Henrique and Dylan Holloway each had a goal and two assists as the Edmonton Oilers beat the San Jose Sharks 9-2 Monday night. Connor McDavid had a goal and added his 100th assist of the season, becoming just the fourth player in NHL history to hit the milestone behind Wayne Gretzky (11 times), Mario Lemieux and Bobby Orr.
Water levels in rivers in swathes of Russia's Ural and southwestern Siberian regions continued to rise rapidly, officials said on Tuesday, flooding hundreds of houses, cutting off power and forcing urgent evacuations of residents. More than 300 houses and nearly 700 residential plots have been flooded in Russia's Kurgan region straddling the Tobol River near the border with Kazakhstan, Russia's emergency ministry said on Tuesday. "The water level in the Tobol River is rising rapidly," the ministry said on the Telegram messaging app.
Former Australian test cricketer Michael Slater has been remanded in custody while awaiting trial on 19 charges relating to domestic violence, stalking and breaches of bail. The 54-year-old Slater was refused bail Tuesday when he appeared in Maroochydore Magistrates Court, about an hour north of Brisbane in Queensland state, charged with unlawful stalking or intimidation, breaking into a dwelling with intent at night, common assault, assault occasioning bodily harm and choking or suffocation. Slater made his debut for Australia in 1993 and played 73 test matches, scoring 5,312 runs at an average of almost 43.
Companies have continued to cut jobs in 2024 after a wave of layoffs last year. Amazon, IBM, Google, UPS and Tesla are among those shedding staff.
SEATTLE (AP) — Jorge Polanco and Mitch Haniger homered, and Seattle’s slumping offense produced a season high in runs as the Mariners beat the Cincinnati Reds 9-3 Monday night. The Mariners had their highest scoring game since August 26, 2023, when they scored 13 times against the Kansas City Royals. Seattle entered Monday’s game batting .204. George Kirby (2-2) returned to form for Seattle, allowing two runs on five hits with six strikeouts and no walks in six innings. The 26-year-old right-han
With the 2024 Paris Olympics happening in the next few of months, Team USA is finalizing its...
G42 had divested its investments in China and began the lengthy task of pulling out Chinese hardware amid U.S. concerns over its relationship with Chinese businesses. Under the partnership, G42 will use Microsoft's cloud services and accede to a security arrangement negotiated in detailed conversations with the U.S. government, the newspaper said. G42 will also be able to sell Microsoft services that use powerful AI chips, the report added.
Mideast fears and surging yields triggered another ugly market reversal. Nvidia and Microsoft fell while Tesla dived.
John Carlson scored another big goal, Charlie Lindgren stopped all 16 shots he faced and the Washington Capitals moved another step closer to the playoffs by beating the Boston Bruins 2-0 on Monday night. Nic Dowd sealed it with an empty-netter with 11.7 seconds left, and now a win at Philadelphia on Tuesday night would put Washington back in the playoffs, regardless of other results around the NHL. The Capitals, if they make it, would be the second wild card in the Eastern Conference after the
Microsoft plans to invest $1.5 billion in G42, an artificial intelligence firm in the United Arab Emirates, the New York Times reported on Tuesday. G42 had divested its investments in China and began the lengthy task of pulling out Chinese hardware amid U.S. concerns over its relationship with Chinese businesses. Under the partnership, G42 will use Microsoft's cloud services and accede to a security arrangement negotiated in detailed conversations with the U.S. government, the newspaper said.
The volatile ride of the yuan in morning deals comes as the central bank set the guidance on the weaker side of the key 7.1 per dollar for the first time in over three weeks, with market participants interpreting it as a sign of loosening grip on the currency. Markets have been closely monitoring the daily yuan fixing in recent months for possible changes in foreign exchange policy and official stance. Prior to market opening, the PBOC set the midpoint rate , around which the yuan is allowed to trade in a 2% band, at a five-month low of 7.1028 per dollar, weaker than the previous fix of 7.0979.
UK labour and wage data will likely hog the spotlight as traders parse through the reports to gauge when the Bank of England will start its rate cutting cycle. The Federal Reserve on the other hand is likely to be in no rush to start its easing cycle after March retail sales came in higher than expected, the latest evidence of a resilient U.S. economy. Comments from Fed officials have also led traders to dial back their expectations with San Francisco Federal Reserve Bank President Mary Daly the latest to suggest the Fed is in no hurry to cut rates.
Authorities have also warned of landslides and flash floods in the coming days.
Fortingall, Perthshire: Standing in front of this truly great yew tree – some say the oldest in the country – one wonders how to capture its totality
PHOENIX (AP) — Chicago Cubs rookie Michael Busch homered for the fifth straight game Monday night, matching a franchise record. Busch led off the second inning with his sixth home run of the season, a 419-foot drive to center field against Arizona Diamondbacks starter Merrill Kelly. Four other Cubs players have gone deep in five consecutive games — including current third baseman Christopher Morel, who did it last year. The 26-year-old Busch was acquired from the Los Angeles Dodgers in a January
UK labour and wage data will likely hog the spotlight as traders parse through the reports to gauge when the Bank of England will start its rate cutting cycle. The Federal Reserve on the other hand is likely to be in no rush to start its easing cycle after March retail sales came in higher than expected, the latest evidence of a resilient U.S. economy. Comments from Fed officials have also led traders to dial back their expectations with San Francisco Federal Reserve Bank President Mary Daly the latest to suggest the Fed is in no hurry to cut rates.
How much will Caitlin Clark make in her rookie season? Contract terms for the WNBA's top four draft picks are the same, per the league's CBA.
Taiwan's incoming premier announced on Tuesday he had appointed a senior executive from TSMC supplier Topco Scientific as economy minister, saying he would be tasked with resolving the persistent problem of stable power supplies. Taiwan Semiconductor Manufacturing Co is the world's largest contract chipmaker and the chip industry is the backbone of Taiwan's export-dependent economy. Cho Jung-tai, who will not take over as premier until president-elect Lai Ching-te is inaugurated on May 20, told reporters the chairman of semiconductor material supplier Topco Group, J.W. Kuo, would be the economy minister, replacing Wang Mei-hua, a lawyer by training.
If you're looking at a mature business that's past the growth phase, what are some of the underlying trends that pop...
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