Michael Burry loads up on Alibaba stock: should you buy it too?
“Big Short” investor Michael Burry raised his stake in Alibaba Group Holdings Ltd (NYSE: BABA) by 30% in the third quarter. He expects the tech stock to rally on the…
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GM lays off 1,000 employees as part of cost-cutting and realignment effort
General Motors (GM) laid off approximately 1,000 employees on Friday as part of a broader effort to reduce costs and realign its priorities in response to shifting market conditions, according…
China opens Chancay port in Peru, boosting influence in Latin America
China is set to strengthen its position in Latin America with the official opening of the first phase of the Chancay port project, located 70 kilometers north of Lima. This…
Bloom stock poised for massive gains after AEP deal, analyst says
Bloom Energy Corp (NYSE: BE) announced a supply agreement with American Electric Power Company Inc (NASDAQ: AEP) for up to 1 gigawatt of its solid oxide fuel cells on Friday.…
The many flavors of Ben & Jerry’s corporate activism
Ben & Jerry’s, the iconic ice cream brand known for its social activism, filed a lawsuit on Wednesday against its parent company, Unilever, accusing the consumer goods giant of censorship…
DAX index could dive as shares of German automakers implode
The DAX index has remained on edge this month as investors assess the recent Donald Trump election victory and the recent actions by the European Central Bank (ECB) and the…
Warren Buffett’s craving for Domino’s: is pizza the new apple?
Warren Buffett’s Berkshire Hathaway revealed intriguing shifts in its investment strategy during the third quarter, adding new positions in Domino’s Pizza and Pool Corp. while trimming holdings in long-time favorites…
Is China’s stimulus package finally working? Retail sales and industrial output grow
China’s economy displayed promising signs of recovery in October, supported by an uptick in retail sales and industrial output. These improvements reflect the impact of recent government stimulus measures aimed…
Ford’s $165 million safety lapse that affected 620K vehicles
Ford Motor Co. has been hit with a substantial $165 million penalty by the US government for its handling of a rearview camera recall. The National Highway Traffic Safety Administration…
Here are the best and worst CAC 40 index companies of 2024
The CAC 40 index has moved into a technical correction after crashing by over 11% from its highest level this year. It has retreated to €7,200, down by 11.50% from…