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Reuters - 2 weeks ago

Tesla shares gain on plans to launch Full Self-Driving in Europe, China

UPDATE 3-Tesla shares gain on plans to launch Full Self-Driving in Europe, China Updates shares in paragraph 1 By Akash Sriram Sept 5 (Reuters) - Tesla shares TSLA.O rose more than 6% on Thursday after the electric automaker stuck to its plans to launch the Full Self-Driving (FSD) advanced driver assistance software in China and Europe pending approval from regulators.

Reuters - 3 weeks ago

China ADRs rise on state fund buying

BUZZ-China ADRs rise on state fund buying ** U.S.-listed shares of Chinese companies rise premarket trade on heavy buying from sovereign fund Huijin, and expectations of fresh stimulus for the property sector ** State-backed Central Huijin Investment boosted ownership in a handful of blue-chip ETFs, according to the fund manager's mid-year reports

Reuters - 4 weeks ago

U.S. Advance Auto Parts, Chewy, Workday

U.S. RESEARCH ROUNDUP-Advance Auto Parts, Chewy, Workday Aug 23 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S.-listed companies, including Advance Auto Parts, Chewy and Workday, on Friday. HIGHLIGHTS * Advance Auto Parts Inc AAP.N : JP Morgan cuts target price to $43 from $55 * Chewy CHWY.N : Piper Sandler raises to overweight from neutral * Intuit Inc INTU.O : Jefferies raises target price to $790 from $770 * Williams-Sonoma Inc WSM.N : TD Co

Reuters - 4 weeks ago

U.S. STOCKS Evogene, Stryker, Opera

BUZZ-U.S. STOCKS ON THE MOVE-Evogene, Stryker, Opera Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 Wall Street's main indexes fell in volatile trading on Thursday, as rising Treasury yields pressured stocks ahead of Federal Reserve Chair Jerome Powell's speech at Jackson Hole that could offer clues on the possibility of a rate cut next month.

Reuters - 4 weeks ago

Baidu Inc reports results for the quarter ended in January - Earnings Summary

Baidu Inc reports results for the quarter ended in January - Earnings Summary Baidu Inc BIDU.OQ reported quarterly adjusted earnings of $21.02 per share for the quarter ended in January, lower than the same quarter last year, when the company reported EPS of CNY22.55. The mean expectation of twenty analysts for the quarter was for earnings of CNY18.44 per share.

Reuters - 4 weeks ago

Baidu touts AI edge as ad revenue stalls

UPDATE 3-Baidu touts AI edge as ad revenue stalls Recasts, adds details throughout from the earnings call Aug 22 (Reuters) - Baidu said its leading position in AI in China means it is well positioned to navigate an increasingly competitive market despite reporting a decline in quarterly revenue. The comment came amid an AI price war in China, where companies have slashed prices of large language models used to power generative AI products.

Reuters - 4 weeks ago

China's Baidu beats quarterly revenue estimates

China's Baidu beats quarterly revenue estimates Aug 22 (Reuters) - Search engine giant Baidu 9888.HK , BIDU.O reported quarterly revenue above market estimates on Thursday, signaling some recovery in the Chinese advertising market. Revenue in the second quarter was 33.93 billion yuan ($4.67 billion), compared with analysts' average estimate of 33.55 billion yuan, according to LSEG data.

Reuters - 4 weeks ago

Bank of Korea eyed, US yields slide

MORNING BID ASIA-Bank of Korea eyed, US yields slide By Jamie McGeever Aug 22 (Reuters) - A look at the day ahead in Asian markets. The Bank of Korea 's interest rate decision and guidance take center stage in Asia on Thursday, as investors digest revised U.S. jobs data and Fed minutes on Wednesday that fanned hopes that the looming U.S. rate-cutting cycle will be a bold one.

Reuters - 4 weeks ago

iQIYI Inc <IQ.OQ> expected to post earnings of 2 fen a share - Earnings Preview

iQIYI Inc expected to post earnings of 2 fen a share - Earnings Preview iQIYI Inc IQ.OQ IQ.O is expected to show a fall in quarterly revenue when it reports results on August 22 for the period ending June 30 2024 The Beijing-based company is expected to report a 5.0% decrease in revenue to CNY7.415 billion from CNY7.8 billion a year ago, according to the mean estimate from 14 analysts, based on LSEG data.

Reuters - 4 weeks ago

iQIYI Inc <IQ.OQ> expected to post earnings of 2 cents a share - Earnings Preview

iQIYI Inc expected to post earnings of 2 cents a share - Earnings Preview iQIYI Inc IQ.OQ IQ.O is expected to show a fall in quarterly revenue when it reports results on August 22 for the period ending June 30 2024 The Beijing-based company is expected to report a 5.0% decrease in revenue to $7.415 billion from $7.8 billion a year ago, according to the mean estimate from 14 analysts, based on LSEG data.

Reuters - 4 weeks ago

Baidu Inc <BIDU.OQ> expected to post earnings of CNY18.44 a share - Earnings Preview

Baidu Inc expected to post earnings of CNY18.44 a share - Earnings Preview Baidu Inc BIDU.OQ , BIDU.O is expected to show a fall in quarterly revenue when it reports results on August 22 for the period ending June 30 2024 The Beijing-based company is expected to report a 1.5% decrease in revenue to CNY33.554 billion from CNY34.06 billion a year ago, according to the mean estimate from 20 analysts, based on LSEG data.

Reuters - 1 month ago

Auto File: In China, AI takes drivers’ jobs

Auto File: In China, AI takes drivers’ jobs By Victoria Walderse Automotive Correspondent Victoria.Waldersee@thomsonreuters.com Greetings from Germany, where I woke up this morning wondering how much electric vehicles will have featured in Elon Musk's interview with Donald Trump on X last night and thrown off my plans for this newsletter. (I am filling in this week while Nick Carey enjoys a much-deserved break.) It seems, however, that the two men - once they got past the technical glitches

Reuters - 1 month ago

Huawei readies new AI chip to challenge Nvidia in China, WSJ reports

Huawei readies new AI chip to challenge Nvidia in China, WSJ reports Aug 13 (Reuters) - China's Huawei Technologies is close to introducing a new chip for artificial intelligence use to challenge Nvidia NVDA.O in China amid U.S. sanctions, the Wall Street Journal reported on Tuesday, citing sources. Huawei's latest processor, Ascend 910C, is being tested by Chinese internet and telecom companies in recent weeks, the report said, adding that Huawei has told potential clients that the chip is comp

Reuters - 1 month ago

China's drivers fret as robotaxis pick up pace - and passengers

UPDATE 2-China's drivers fret as robotaxis pick up pace - and passengers Adds detail on timing of Apollo Go roll-out forecast in the eighth; clarifies that Baidu's response regarded profitability in the 27th By Sarah Wu and Ethan Wang WUHAN, Aug 8 (Reuters) - Liu Yi is among China's 7 million ride-hailing drivers. A 36-year-old Wuhan resident, he started driving part-time this year when construction work slowed in the face of a nationwide glut of unsold apartments.

Reuters - 1 month ago

China's drivers fret as robotaxis pick up pace - and passengers

UPDATE 3-China's drivers fret as robotaxis pick up pace - and passengers Updates Aug. 8 story on Aug. 12 to add comment from Baidu unit Apollo Go in paragraphs 9-11. By Sarah Wu and Ethan Wang WUHAN, Aug 8 (Reuters) - Liu Yi is among China's 7 million ride-hailing drivers. A 36-year-old Wuhan resident, he started driving part-time this year when construction work slowed in the face of a nationwide glut of unsold apartments.

Reuters - 1 month ago

China's drivers fret as robotaxis pick up pace - and passengers

China's drivers fret as robotaxis pick up pace - and passengers By Sarah Wu and Ethan Wang WUHAN, Aug 8 (Reuters) - Liu Yi is among China's 7 million ride-hailing drivers. A 36-year-old Wuhan resident, he started driving part-time this year when construction work slowed in the face of a nationwide glut of unsold apartments. Now he predicts another crisis as he stands next to his car watching neighbours order driverless taxis.

Reuters - 1 month ago

China's imports resume growth but tamer exports raise outlook concerns

WRAPUP 3-China's imports resume growth but tamer exports raise outlook concerns Adds market reactions, commodities data, an exporter's quotes and a chart By Liz Lee and Ellen Zhang BEIJING, Aug 7 (Reuters) - China's exports grew at their slowest pace in three months in July, missing expectations and adding to concerns about the outlook for the vast manufacturing sector, while a rush to boost chip supplies before expected U.S.

Reuters - 2 months ago

US expected to propose barring Chinese software in autonomous vehicles

UPDATE 3-US expected to propose barring Chinese software in autonomous vehicles Adds Chinese embassy in Washington comment in paragraphs 8-9 By David Shepardson WASHINGTON, Aug 4 (Reuters) - The U.S. Commerce Department is expected to propose barring Chinese software in autonomous and connected vehicles in the coming weeks, according to sources briefed on the matter.

Reuters - 2 months ago

China ADRs down as local shares post biggest fall in 6 months

BUZZ-China ADRs down as local shares post biggest fall in 6 months ** U.S.-listed shares of Chinese companies fall premarket ** Chinese stocks recorded their biggest single-day drop in six months, demonstrating the fragility of investor sentiment despite ongoing stimulus efforts .SS ** E-commerce firms Alibaba Group Holding BABA.N , JD.com Inc JD.O

Reuters - 2 months ago

Archegos founder Bill Hwang convicted at fraud trial over fund's collapse

UPDATE 5-Archegos founder Bill Hwang convicted at fraud trial over fund's collapse Adds U.S. attorney quote, background on Hwang By Jody Godoy NEW YORK, July 10 (Reuters) - Archegos Capital Management founder Sung Kook "Bill" Hwang was convicted of fraud and other charges by a jury in Manhattan federal court on Wednesday at a criminal trial in which prosecutors accused him of market manipulation ahead of the 2021 collapse of his $36 billion private investment firm.

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