china
Copper futures plunged to $4.3 per pound, marking a three-month low in response to President Xi Jinping’s recent speech following the CCP’s Third Plenum. Xi’s speech, which lacked explicit references to stimulus measures aimed at bolstering domestic consumption, has sparked unease within China’s industrial sector, a pivotal consumer of this base metal. Despite a decline in China’s NBS manufacturing Purchasing Managers’ Index (PMI) for consecutive months, copper prices continued their downward trajectory throughout June. This economic slowdown has prompted Chinese smelters and manufacturers to ...
Invezz
Tesla Inc is set to release its financial results for the second quarter of 2024 after the market closes on Tuesday, July 23. Wall Street anticipates a mixed performance, with significant year-over-year declines in earnings but modest revenue growth. This earnings preview delves into the expected results, key metrics, and strategic challenges facing the electric vehicle (EV) giant. Tesla’s decline in earnings per share and net incomeTesla is projected to report earnings per share (EPS) of $0.62 for Q2 2024, a notable decline from $0.91 in the same period last year. This represents a more than ...
Invezz
Artificial intelligence (AI) companies in China are being tested by the government to see if their large language models (LLMs) “embody core socialist values,” according to a report. Both start-ups and large tech companies such as TikTok owner ByteDance and Alibaba will be reviewed by the government’s chief internet regulator, the Cyberspace Administration of China (CAC), according to the Financial Times (FT). CAC officials will test the AI models for their responses to questions that relate to political topics and President Xi Jinping, among others. The regulations have led China’s most popul...
Euronews (English)
The Aluminum Monthly Metals Index (MMI) saw a 4.67% decline from June to July, reflecting ongoing volatility in the aluminum market. Aluminum prices continued their downward trajectory, hitting their lowest levels since mid-April before stabilizing in mid-June. Aluminum price trends and market outlookAluminum prices experienced a 6.86% drop from June to July before finding a bottom in mid-June. Prices then began to move sideways, although the overall trend remains biased towards the downside. This decline is part of a broader trend influenced by various macroeconomic factors and trade policies...
Invezz
Europe's largest tech firm, ASML, reported second-quarter earnings that surpassed market expectations. However, the Netherlands-based company was hit by stricter US chip export restrictions on China just before its earnings release. As a result, its shares plunged 11% to €871 per share on Wednesday, marking the sharpest one-day drop since March 2020 and wiping out €42.7 billion of its market value. Robust growth, with China contributing half of the salesFollowing a growth slump in the first quarter, the Dutch semiconductor machinery manufacturer ASML reported net bookings of €5.6 billion in th...
Euronews (English)
A pesar de laguerra en Ucrania y la crisis por el aumento de la inflación, la vida del ciudadano europeo medio es tranquila y cómoda. Así lo atestigua el reciente Índice de Paz Global 2024, que muestra que la lista de los 10 países más pacíficos sigue estando dominada por los europeos. Pero si rascamos bajo la superficie aparece una realidad más siniestra: una Europa inmersa en una guerra híbrida prolongada y feroz que exige nuestra atención. Desde la invasión a gran escala de Ucrania por parte de Rusia, el mundo occidental ha comprometido un nivel sin precedentes de apoyo militar y económico ...
Euronews (Spanish)
Solaredge (SEDG) stock has had a horrible 1 year losing nearly 90% of its value. The company which engages in the development of inverter solutions is struggling with profitability. Earlier this week, SEDG announced it was laying off 400 employees to streamline operations, save costs, and as a result improve profitability. Along with the reduction in headcount, the company will also reduce discretionary spending. While the effect of laying off is intended to be financial stability, the cause lies in the market conditions. The reduction in demand in late 2023 and early 2024 meant the company wa...
Invezz
Kenya is set to spend approximately $533 million (Sh69 billion) servicing its external debt this month, exerting fresh pressure on its forex reserves. The reserves were recently replenished through a World Bank loan. SGR loans account for 81 percent of July debt paymentsAccording to public debt data from Bretton Woods, biannual payments to China for loans contracted in 2014 for the construction of the standard gauge railway (SGR) will constitute 81% or $433 million (Sh56.1 billion) of the total July external debt payments. The loans, taken to build the Mombasa-Naivasha railway, were denominate...
Invezz
De aandelen van Eventbrite zijn tijdens de handel van vandaag ruim 23% gestegen na de aankondiging van een samenwerking met de sociale-media-app TikTok. Dankzij de samenwerking kan het bedrijf zijn evenementenkalender en ticketing volledig integreren in de app. Gebruikers van TikTok kunnen deze evenementen promoten en tickets verkopen door de links van Eventbrite rechtstreeks in de app te delen. Wat de deal interessant maakt, is het feit dat TikTok over een paar maanden misschien niet eens meer bestaat in de VS. TikTok ligt de laatste tijd onder vuur vanwege de vrees dat het door de Chinese ov...
Invezz - NL
Die Eventbrite-Aktie ist heute im Handel um über 23 % gestiegen, nachdem eine Partnerschaft mit der Social-Media-App TikTok angekündigt wurde. Die Partnerschaft ermöglicht es dem Unternehmen, seinen Veranstaltungskalender und Ticketverkauf vollständig in die App zu integrieren. TikTok-Benutzer können diese Veranstaltungen bewerben und Tickets verkaufen, indem sie die Links von Eventbrite direkt in der App teilen. Was den Deal interessant macht, ist die Tatsache, dass TikTok in den USA in einigen Monaten möglicherweise nicht einmal mehr existiert. TikTok stand in letzter Zeit unter Beschuss, we...
Invezz - DE
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