The logo of LG Electronics is seen on the opening day of the Integrated Systems Europe exhibition in Barcelona on January 31, 2023. Pau Barrena | Afp | Getty ImagesSouth Korea-based LG Energy Solution announced Wednesday that it had signed a $4.3 billion contract for supplying batteries to a major corporation, without naming the customer.The effective date of contract — receipt of orders — began Tuesday and will conclude at the end of July, 2030. During this period, the counterparty will not be disclosed to maintain business confidentiality, the company’s filing with the Korea Exchange showed Wednesday. Reuters reported that Tesla…
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CNBC’s Jim Cramer on Tuesday reviewed Figma, a design software company set to go public this week. Although he said he likes Figma’s underlying business, he’s hesitant to recommend the stock right away because it might quickly become too expensive.”There’s a lot to like about Figma, the company, but it’s already coming public at a pretty expensive level,” he said. “And if the stock roars right out of the gate — I’m going to tell you — it’ll be too pricey for me, even as I think the company’s got a tremendous product at a very reasonable price.”Figma is among…
Michele Bullock, governor of the Reserve Bank of Australia (RBA), speaks during a news conference at the bank’s head office in Sydney, Australia, on Tuesday, Apr. 1, 2025. Bloomberg | Bloomberg | Getty ImagesAustralia’s headline inflation rate in the second quarter of the year slipped to its lowest point since March 2021, coming in at 2.1% year over year, compared to 2.4% in the preceding period.This was lower than the 2.2% expected by economists polled by Reuters, and is almost touching the lower band of the 2%-3% target set by the Reserve Bank of Australia.On July 24, RBA governor Michelle…
Singapore retains its title as the most expensive city for high-net-worth-individuals, according to Julius Baer’s 2025 Global Wealth and Lifestyle report. Deejpilot | E+ | Getty ImagesSingapore’s central bank warned on Wednesday that the city-state’s economy is “projected to moderate in the second half of 2025 from its strong pace in [the first half],” as it kept its monetary policy unchanged.The Monetary Authority of Singapore said it would hold the width and level at which its policy band is centered amid trade concerns from the Trump administration.”In particular, the trade-related sectors should see some pullback,” the central bank said in…
Evan Seigerman, BMO Capital Markets, joins ‘Fast Money’ to talk to Nono Nordisk sinking on guidance cut. Source link
A file photo showing an aerial view of South Kuril Islands and coastline in Kamchatka region, Russia.Anadolu | Anadolu | Getty ImagesA powerful magnitude 8.6 earthquake struck off Russia’s Far Eastern Kamchatka Peninsula on Wednesday, sparking tsunami warnings, prompting evacuations and causing some damage, officials said.”Today’s earthquake was serious and the strongest in decades of tremors,” Kamchatka Governor Vladimir Solodov said in a video posted on the Telegram messaging app. He added that, according to preliminary information, there were no injuries, but a kindergarten was damaged.The U.S. Geological Survey said the earthquake was shallow at a depth of 19.3 km (12 miles), and was centred about 125 km (80 miles) east-southeast of…
Opening callsHappy mid-week from Singapore. Asia markets are poised for a lower open.Futures for Hong Kong’s Hang Seng Index stood at 25,344, pointing to a weaker open compared with the HSI’s last close of 25,524.45Similarly, Australia’s S&P/ASX 200 was set to start the day lower with futures tied to the benchmark at 8,662, compared with its last close of 8,704.6.Japan’s benchmark Nikkei 225 was set to open lower, with the futures contract in Osaka last traded at 40,650 against the index’s last close of 40,674.55.— Lee Ying ShanStocks close lower on TuesdayStocks closed lower on Tuesday, as investors turn their attention to the Federal Reserve’s interest…
Starbucks shares rose more than 3% in extended trading on Tuesday, even though the coffee chain reported mixed quarterly results. Despite this, we heard enough positives to confirm that CEO Brian Niccol’s turnaround remains firmly on track. Revenue increased 3.8% year over year to $9.46 billion in the fiscal 2025 third quarter, beating the $9.31 billion expected by analysts, according to LSEG. Adjusted earnings per share (EPS) fell 46% year over year to 50 cents. Given one-time costs in the quarter primarily associated with a leadership conference in Las Vegas, it’s not clear if the reported EPS figure is comparable…
Stocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today. Sign up for free to receive it directly in your inbox. Here’s what CNBC TV’s producers were watching as the S & P 500 snapped a six-day winning run and what’s on the radar for the next session. Starbucks The coffee company posted its sixth straight quarter of same-store sales declines. Starbucks shares are up 3% after the bell. In 2025, the stock is up nearly 2%. CNBC’s Kate Rogers covers Starbucks. She just came back from the…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailFast MoneyJames Kostulias, Schwab Head of Trading Services, joins ‘Fast Money’ to talk how retail traders are positioning in the second half of the year.05:232 hours ago Source link
