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Pegatron is in advanced talks to hand over control of its only iPhone manufacturing facility in India to the Tata Group, said two sources with direct knowledge, marking the Taiwanese firm's latest scale back of its Apple partnership. Under the deal, which has received the backing of Apple, Tata plans to hold at least a 65% stake in a joint venture that will operate the Pegatron plant near Chennai city in the southern Indian state of Tamil Nadu, with the Taiwanese firm providing technical support and holding the rest, one of the sources said...
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Continue ReadingA big week on Wall Street is ahead, with key inflation readings and the start of the first-quarter earnings season...
Continue ReadingApple and Microsoft each have their selling points, but only one can be the better investment...
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Microsoft has has announced plans for a new artificial intelligence (AI) hub in London, focused on product development and research. The unit will be led by Mustafa Suleyman, the London-born cofounder of Google DeepMind, who Microsoft hired last month. As the primary backer of ChatGPT-maker OpenAI, Microsoft is a world leader in the rapidly-developing technology...
Continue ReadingIf we want to find a stock that could multiply over the long term, what are the underlying trends we should look for.....
Continue ReadingHow the solar eclipse is a moneymaker for public companies, Tesla’s Musk says robotaxi reveal Is coming, and other news to start your day...
Continue ReadingU.S. stock index futures were flat on Monday as Treasury yields rose on rising bets that the U.S. Federal Reserve could delay interest rate cuts this year. Hawkish commentary from Fed officials throughout last week and stronger-than-expected manufacturing and jobs reports pointed to a resilient U.S. economy, taking pressure off the Fed to cut interest rates quickly. Wall Street's main indexes recorded weekly losses on Friday as traders scaled back expectations of the Fed cutting rates in June...
Continue ReadingElon Musk says Tesla will be unveiling its ‘robotaxi’ on Aug. 8, Boeing stock falls as the FAA investigates another incident with a Boeing plane, and United Airlines will postpone its investor day as regulators review the carrier’s safety protocols...
Continue ReadingTesla, Inc.'s growth strategy adapts to rival Chinese EV automakers, keeping market share. Click for my TSLA update and why I remain bullish after recent events...
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