BYD Expects Profits to Double on Record Sales, Aims to Overtake Tesla
BYD, a leading Chinese electric-vehicle manufacturer, predicts doubling of quarterly profits and aims to become the global leader in electric vehicle sales, surpassing Tesla.
Glencore to Close Mount Isa Mines Operations in Australia
Glencore will cease operations at Mount Isa Mines in Australia by 2025, affecting 1,200 employees. The closure marks the end of an era in the region's mining industry.
Introducing X's Not a Bot Program
X is launching the "Not a Bot" program in New Zealand and the Philippines to combat spam and bot activity by requiring users to pay an annual subscription fee. Existing users are unaffected. Join today for an authentic and spam-free social...
Moderna Inc. Stock Hits Three-Year Low
Moderna Inc.'s stock has hit a three-year low, with the company experiencing a fifth consecutive day of losses. Share prices have dropped 17.2% during this losing streak, marking their most significant decline in five days since February 24...
Ramaco Resources Expects Higher Q3 Earnings
Ramaco Resources expects higher Q3 earnings, with preliminary results showing a profit of $18-20 million. Increased coal shipments and customer demand contribute to positive financial outlook.
Home Builder Confidence Drops in October Amid Rising Mortgage Rates
The NAHB monthly confidence index fell to 40 in October, its lowest level since January. Decreases were seen in all gauges, and all four NAHB regions experienced declines. Economists predict a potential decline in housing starts due to risi...
Cryptocurrency Market Update
Large cryptocurrencies experience decline in morning trading with Uniswap, Polkadot, Cardano, Dogecoin, and Ripple seeing significant drops. Updates on crypto-related companies and changes in the fund space.
Thermo Fisher Scientific to Acquire Olink Holding for $3.1 Billion
Thermo Fisher Scientific agrees to acquire Olink Holding in a $3.1 billion deal, generating significant synergies and benefits in proteomics and life science research.
Prologis Inc. Reports Third-Quarter Earnings
Prologis Inc. releases its Q3 earnings report, showing lower net earnings but surpassing expectations. Occupancy and leases commenced experienced a decline. CEO acknowledges negative customer sentiment impacting demand.
Balfour Beatty Awarded £43m Contract for London Underground Upgrade
Balfour Beatty has been awarded a £43 million contract by Transport for London to upgrade the Piccadilly line of the London Underground. The project is scheduled to commence by the end of this year and completion is expected by 2026, suppor...