1.VOLVO : -Sweden’s AB Volvo warned on Tuesday of more production disruptions and stoppages this year after chip shortages prevented the truck maker from fully capitalising on strong demand for its vehicles in the second quarter. Operating profit at the maker of trucks, construction equipment, buses and engines nearly...
1.WALMART : Walmart’s Flipkart should not be treated the same as rival Amazon in an Indian antitrust probe as the evidence against the two firms was “qualitatively different”, Flipkart argued in a court filing seen by Reuters. In final submissions made to a court in southern India’s Karnataka state,...
1.VOLKSWAGEN : German automaker Volkswagen AG , the top foreign automaker in China, the world’s biggest car market, said on Friday that it expected chip supplies to improve in the next six months. Automakers around the world have had to adjust assembly lines due to the shortages, caused by...
1.DAIMLER: Mercedes-Benz maker Daimler AG on Thursday reported preliminary adjusted group earnings before interest and tax (EBIT) of 5.42 billion euros ($6.42 billion) for the second quarter, with car and truck divisions beating analyst targets. Mercedes-Benz Car and Van results were helped by pricing and cost discipline, helping to...
1.SAMSUNG: Samsung Electronics Co Ltd on Wednesday reported a likely 53% jump in second-quarter operating profit, beating market estimates on the back of strong chip prices and demand despite lower smartphone sales. The preliminary result is up 33% from the first quarter and underscores the soaring demand for chips...
1.GOOGLE: Multiple users complained about an outage affecting Alphabet Inc’s search engine Google as well as its streaming and email services, according to outage monitoring website Downdetector. Platforms including Google, YouTube and Gmail were down Monday evening, with users complaining of difficulty in logging in and accessing the website...
TOP 5 STOCKS TO WATCHOUT:- 1.APPLE: -Apple Inc said Thursday it will give $5 million to four historically Black universities to help expand their engineering programs for designing the chips that power electronic devices. Apple said the $5 million will be spread across Alabama A&M University, Howard University, in...
1.APPLE:-Apple boss Tim Cook took aim on Wednesday at proposed European rules aimed at curbing the power of U.S. tech giants, saying they could pose security and privacy risks to iPhones. Cook, in his first public comments about the Digital Markets Act (DMA) proposed by EU antitrust chief Margrethe...