Global Shares Slump
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Hyundai, Kia Sell Stake in Ola Electric, Exacerbating Share Slump
South Korean automakers Hyundai Motor and Kia sold about 136 million shares in Ola Electric Mobility on Tuesday. While Hyundai offloaded 108.8 million shares at an average price of 50.7 rupees (59 cents), Kia sold 27.17 million shares at 50.55 rupees a share. Ola Electric shares fall after 3.3 percent of equity traded in blocks.
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"Obvious Move": Elon Musk Invites Warren Buffett To Invest In Tesla As Sales Fall
This comes as Tesla's electric vehicle sales are declining globally and it is dealing with difficult times.
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Paramount+ to Raise Subscription Price of Essential and Premium Tiers After Weak Quarterly Revenue
Paramount Global said on Thursday it would raise prices of its flagship streaming service in some markets after reporting a lower-than-expected quarterly revenue, as a broader slump in the advertising market hit the CBS network owner. Shares in the company fell 7 percent before the bell. The stock has gained about 45 percent since the start of 2...
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Adani Group Stocks Surge At Risk Of Reversal Now, Indicator Shows
The stock rallies of Gautam Adani's companies, which expanded his fortune at a pace that outran all other billionaires globally, is set for a reversal, according to a technical indicator that predicted previous slumps for more than a decade.
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Bitcoin Mining in China Slumped Even Before Beijing Crackdown, Research Shows
China's share of global Bitcoin production power fell sharply even before a recent crackdown by its authorities on cryptocurrency mining, research by the University of Cambridge showed.
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Hyundai's Global First-Quarter Profit Tumbles 44% As Coronavirus Slams Car Demand
South Korea's Hyundai Motor Co said on Thursday first-quarter net profit slumped 44% to its lowest level for the quarter in a decade as the spreading coronavirus outbreak hit demand for cars worldwide.
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Nissan Slashes Profit Outlook After Sales Slide, Says More Restructuring Needed
Nissan Motor Co on Thursday cut its annual operating profit forecast by 43%, hit by a slump in vehicle sales and heaping more pressure on new management to fix a company still reeling from the scandal surrounding former leader Carlos Ghosn. Nissan's sharply waning earnings power has already prompted plans to slash jobs, close manufacturing sites an...
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Uber Turns to India, Africa and Middle East as Losses Mount
The head of Uber said Tuesday that the global ride services firm was counting on India, Africa and the Middle East for future growth amid investor fears about mounting losses and a slump in its share price.
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Android grabs 65.8 percent share of global tablet market in Q1: Survey
iPad sales slumped in the meanwhile, with Apple's tablet market share tumbling to 28.4 percent from 40.3 percent a year earlier.
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Hyundai, Kia Sell Stake in Ola Electric, Exacerbating Share Slump
South Korean automakers Hyundai Motor and Kia sold about 136 million shares in Ola Electric Mobility on Tuesday. While Hyundai offloaded 108.8 million shares at an average price of 50.7 rupees (59 cents), Kia sold 27.17 million shares at 50.55 rupees a share. Ola Electric shares fall after 3.3 percent of equity traded in blocks.
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"Obvious Move": Elon Musk Invites Warren Buffett To Invest In Tesla As Sales Fall
This comes as Tesla's electric vehicle sales are declining globally and it is dealing with difficult times.
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Paramount+ to Raise Subscription Price of Essential and Premium Tiers After Weak Quarterly Revenue
Paramount Global said on Thursday it would raise prices of its flagship streaming service in some markets after reporting a lower-than-expected quarterly revenue, as a broader slump in the advertising market hit the CBS network owner. Shares in the company fell 7 percent before the bell. The stock has gained about 45 percent since the start of 2...
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Adani Group Stocks Surge At Risk Of Reversal Now, Indicator Shows
The stock rallies of Gautam Adani's companies, which expanded his fortune at a pace that outran all other billionaires globally, is set for a reversal, according to a technical indicator that predicted previous slumps for more than a decade.
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Bitcoin Mining in China Slumped Even Before Beijing Crackdown, Research Shows
China's share of global Bitcoin production power fell sharply even before a recent crackdown by its authorities on cryptocurrency mining, research by the University of Cambridge showed.
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Hyundai's Global First-Quarter Profit Tumbles 44% As Coronavirus Slams Car Demand
South Korea's Hyundai Motor Co said on Thursday first-quarter net profit slumped 44% to its lowest level for the quarter in a decade as the spreading coronavirus outbreak hit demand for cars worldwide.
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Nissan Slashes Profit Outlook After Sales Slide, Says More Restructuring Needed
Nissan Motor Co on Thursday cut its annual operating profit forecast by 43%, hit by a slump in vehicle sales and heaping more pressure on new management to fix a company still reeling from the scandal surrounding former leader Carlos Ghosn. Nissan's sharply waning earnings power has already prompted plans to slash jobs, close manufacturing sites an...
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Uber Turns to India, Africa and Middle East as Losses Mount
The head of Uber said Tuesday that the global ride services firm was counting on India, Africa and the Middle East for future growth amid investor fears about mounting losses and a slump in its share price.
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Android grabs 65.8 percent share of global tablet market in Q1: Survey
iPad sales slumped in the meanwhile, with Apple's tablet market share tumbling to 28.4 percent from 40.3 percent a year earlier.
