"Over the next few weeks, before earnings season gets rolling, I expect the analysts to hit us with some preemptive estimate cuts," Cramer said.

The market could reach an ‘investable’ bottom after analysts cut earnings estimates, Jim Cramer says

June 22 (Reuters) - Warren Buffett’s Berkshire Hathaway Inc

Berkshire Hathaway buys 9.6 mln more Occidental shares, raises stake to over 16%

June 22 (Reuters) -
* BERKSHIRE HATHAWAY BUYS 9,551,454 SHARES OF OCCIDENTAL PETROLEUM IN MULTIPLE TRANSACTIONS AT PRICES RANGING FROM $54.3500 TO $55.3475 - SEC FILING Further company coverage: (BRKa.N)
((reuters.briefs@thomsonreuters.com;))

Berkshire Hathaway Buys 9,551,454 Shares Of Occidental Petroleum In Multiple Transactions At Prices Ranging From $54.3500 To $55.3475 - SEC Filing

Zuckerberg is happy with the progress of Meta Platforms' Quest 2 headset. Now he has a big goal for 2030 that involves a user base spending meaningfully.

Mark Zuckerberg envisions a billion people in the metaverse spending hundreds of dollars

LIVE MARKETS-It's a cyclical bear market

The setback regarding the P5 does not affect XPeng's long-term strategy in Europe, where it is moving to encourage local consumers to pre-order the P7 sedan, according to Electrek. The post XPeng reportedly halts P5 reservations in Europe appeared first on CnEVPost. For more articles, please visit CnEVPost.

XPeng reportedly halts P5 reservations in Europe

Google News re-opens in Spain after eight-year shutdown

Wall St Week Ahead-Cloudy valuations give investors pause in buying beaten-up U.S. stocks

TipRanks analyst ranking service pinpoints Wall Street's best-performing stocks, including Apple and Bank of America.

Top Wall Street analysts say these are the best stocks to beat the volatile market

The bear market is here, but how long will it stay? Commonwealth CIO Brad McMillan looks at previous bear markets to help determine where we go from here.

How Dangerous Is The Bear Market?

The Federal Reserve hiked its target federal funds rate by 0.75% on Wednesday. Here's what it means for the markets.

The Impact Of The Fed Rate Hike And What To Expect Next

June 17 (Reuters) -
* MERCK EYES PURCHASE OF BIOTECH SEAGEN- WSJ
* OTHER UNNAMED SUITORS ARE ALSO EYING SEAGEN - WSJ

Merck Eyes Purchase Of Biotech Seagen- WSJ

** Shares of Hong Kong Exchanges and Clearingrise as much as 2.9% to HK$358.80, the biggest percentage gainer in the Hang Seng Finance Index (.HSNF)

BUZZ-HKEx's shares rise as Russia to start trading Hong Kong stocks on June 20

(Updates with quote from TSMC executive, analyst quote, background)

TSMC says it will have advanced ASML chipmaking tool in 2024

“Today’s Stock Investors are Paying off Margin Loans at a Record Pace” Besides superior long-term performance, stock investing offers many advantages not found in other asset classes.

Buy The Dip—Not This Time!

June 16 (Reuters) -
* AMAZON PLANS TO EXPAND INTO 5 NEW COUNTRIES ACROSS AFRICA, SOUTH AMERICA, AND EUROPE - BUSINESS INSIDER Source text: https://bit.ly/3xVHsbq Further company coverage:

Amazon Plans To Expand Into 5 New Countries Across Africa, South America, And Europe - Business Insider

June 16 (Reuters) - Cosmetics maker Revlon Incon Wednesday filed for Chapter 11 bankruptcy protection after struggling to compete with online-focused upstart brands in recent years.

Revlon files for bankruptcy protection

Deutsche Bank analyst Edison Yu's team believes NIO's deliveries are expected to move higher, shifting the narrative from supply constraints to a strong product super cycle. The post NIO rises 6.6% in Hong Kong after ES7 launch and refresh of existing models appeared first on CnEVPost. For more articles, please visit CnEVPost.

NIO rises 6.6% in Hong Kong after ES7 launch and refresh of existing models

June 15 (Reuters) -
* ELON MUSK EXPECTED TO REITERATE DESIRE TO OWN TWITTER IN MEETING THURSDAY - WSJ

Elon Musk Expected To Reiterate Desire To Own Twitter In Meeting Thursday - WSJ

Wall Street rallies as Fed delivers 75 bps rate hike

LIVE MARKETS-U.S. stocks jump after Fed hike, but will it last?

June 15 (Reuters) - Lucid Group Inc:
* LUCID ANNOUNCES $1.0B REVOLVING CREDIT FACILITY
* LUCID GROUP INC- ANNOUNCED ENTRY INTO A CREDIT AGREEMENT ON JUNE 9, 2022
* LUCID GROUP INC- NEW ABL CREDIT FACILITY PROVIDES FOR UNCOMMITTED INCREMENTAL REVOLVING COMMITMENTS OF UP TO AN ADDITIONAL $500.0 MILLION
* LUCID GROUP INC- ABL CREDIT FACILITY HAS A STATED TERM OF FIVE YEARS, MATURING ON JUNE 9, 2027

Lucid Group Announces $1 Bln Revolving Credit Facility

Now is a good time to "buy low" - "Sell high" happens later

Don't Lose Heart - A Bull Stock Market Is Coming

What Happened? That's an enormous jump from 23.2% yesterday to 95.5% today. The jump on June 10 from June 6 is understandable given the horrific CPI report. But that only took the odds to 23.2%. Given this is a Fed quiet period it's not due to official Fed yapping. A leak? JPMorgan ...

Will the Fed Pull the Trigger on a Pair of Three-Quarter Point Hikes?

Goldman Sachs Group Inc:
* GOLDMAN SACHS SAYS REVISING ITS FED FORECAST TO INCLUDE 75BP HIKES IN JUNE AND JULY
* GOLDMAN SACHS SAYS IT NOW EXPECTS THE MEDIAN DOT TO SHOW 3.25-3.5% AT END-2022
* GOLDMAN SACHS SAYS IT EXPECTS THE MEDIAN DOT TO SHOW TWO FURTHER HIKES IN 2023 TO 3.75-4%, FOLLOWED BY ONE CUT IN 2024 TO 3.5-3.75%
* GOLDMAN SACHS SAYS IT EXPECTS A 50BP HIKE IN SEPTEMBER AND 25BP HIKES IN NOVEMBER AND DECEMBER, FOR AN UNCHANGED TERMINAL RATE OF 3.25-3.5%

Goldman Sachs Says Revising Its Fed Forecast To Include 75Bp Hikes In June And July

Prologis To Combine With Duke Realty In $26 Billion All-Stock Transaction

June 13 (Reuters) -
* ELON MUSK SAYS WORKING ON ACCELERATING RHD MODEL Y PRODUCTION; DIDN’T EXPECT DEMAND TO BE SO HIGH - TWEET

Musk Says Working On Accelerating RHD Model Y Production; Didn't Expect Demand To Be So High

TipRanks analyst ranking service pinpoints Wall Street's best-performing stocks, including Lululemon & Ambarella

Top Wall Street analysts are bullish on these stocks for the long run

LOS ANGELES, June 12 (Reuters) - Global megahit “Squid Game” will return for a second season, Netflix Incannounced on Sunday, offering a few hints about what is to come in the dark Korean drama.

Netflix announces another round of global hit 'Squid Game'

品玩 6 月 12 日讯，据 thestack 报道，谷歌已从 IBM 挖走 Anthony Saporito 担任首席架构师，以领导其 “下一代” CPU 的开发。Saporito 拥有 115 项专利，在 IBM 工作了 21 年，在那里他是一位杰出的工程师和大师发明家，担任 Z System 芯片的首席架构师，为几代 Power 和 Z System 设计做出了贡献，重点是分支预测、指令获取和缓存设计。此次聘用之际，谷歌继续为自己的半导体团队增添力量，去年聘请了英特尔资深人士 Uri Frank 担任服务器芯片设计工程副总裁。Uri Frank 为谷歌带来了近 25 年的定制 CPU 设计和交付经验。以及英特尔资深人士兼芯片上系统设计工程师 Alex Gruzman 等其他人在加利福尼亚州、以色列和印度建立团队。迄今为止，随着 AWS 推进其 Arm 芯片，它在很大程度上保持了为云工作负载提供动力的服务器的谷歌 CPU 的努力和方法。

谷歌挖走 IBM Z System 芯片首席架构师，负责下一代处理器设计

品玩 6 月 9 日讯，Sensor Tower 商店情报数据显示，2022 年 5 月抖音及海外版 TikTok 在全球 App Store 和 Google Play 吸金超过 2.77 亿美元，是去年同期的 1.6 倍，蝉联全球移动应用 (非游戏) 收入榜冠军。其中，大约 47.5% 的收入来自中国版本抖音；美国市场排名第二，贡献了 17.7% 的收入；沙特阿拉伯市场排名第三，占 4%。 图源：sensor towerYouTube 以将近 1.19 亿美元的收入，位列榜单第二名，相较去年同期增长 17.6%。其中，40.1% 的收入来自美国市场，日本市场排名第二，占 19.6%。榜单前五名另外三款应用为 Google One、Tinder 和 Piccoma。Sensor Tower 的收入预估不包括应用内广告，或者网约车，订餐，网购等通过第三方支付渠道产生的收入；税收和退款不在预估数据中体现。数据也不包括中国和其他地区第三方安卓市场。

Sensor Tower：5 月抖音及 TikTok 收入 2.77 亿美元，是去年同期 1.6 倍

June 9 (Reuters) - KakaoPay Corp (377300.KS) :
* LAUNCHES PAYMENT SERVICES IN SINGAPORE THROUGH ITS PARTNERSHIP WITH ANT GROUP'S ALIPAY PLUS

Kakao Pay Corp Launches Payment Services In Singapore Through Its Partnership With Ant Group's Alipay Plus

By Dawn Chmielewski and Supantha Mukherjee

Spotify looks to stoke Wall Street enthusiasm amid cooling economy

June 7 (Reuters) - Nokia Oyj (NOKIA.HE) :

Nokia Wins Ten-Year Network Expansion Deal With Orange Polska

June 7 (Reuters) - U.S.-based Jane Street Global Trading has sued the London Metal Exchange for $15.3 million following the cancellation of nickel trades on the platform owned by Hong Kong Exchanges and Clearingin March, the Hong Kong bourse said on Tuesday.
On Monday, the LME said it was being sued by hedge fund Elliott Associates for $456 million for cancelling nickel trades after chaotic trading in March that forced the exchange to suspend its nickel market.

Jane Street Global sues LME for $15.3 mln for cancelling nickel trades

J&amp;J gives notice to terminate Emergent manufacturing deal for COVID vaccine

The MacBook Air is the best-selling Apple laptop, and the new design will likely boost Mac sales in the coming quarters.

Apple just updated its best-selling Mac — here's what it looks like now

This helps speed up AI deep learning training, save costs and shorten product development cycles, according to AMD. The post NIO to use AMD chips to build high-performance computing platform appeared first on CnEVPost. For more articles, please visit CnEVPost.

NIO to use AMD chips to build high-performance computing platform

June 4 (Reuters) -
* ELON MUSK SAYS TESLA'S TOTAL HEADCOUNT WILL INCREASE, BUT SALARIED SHOULD BE FAIRLY FLAT, OVER NEXT 12 MONTHS ]

Elon Musk Says Tesla's Total Headcount Will Increase, But Salaried Should Be Fairly Flat, Over Next 12 Months

Estimated shorts in GameStop rise for sixth straight week; Blue Apron short position retrenched on more constructive news flow GME, CHWY, WOOF, APRN, HCP, REV

Short Report: GameStop short position reaches 15-month high

NIO will hold an online launch event on June 15 to unveil the ES7 as well as the 2022 ES6, EC6 and ES8, according to local media. The post NIO reportedly to launch ES7 on June 15 appeared first on CnEVPost. For more articles, please visit CnEVPost.

NIO reportedly to launch ES7 on June 15

Experts have warned recession fears are likely overblown, but Musk reportedly wants to lay off 10% of Tesla's nearly 100,000 workers.

Tesla Stock Plunge Erases $65 Billion In Value After Elon Musk Flags 'Super Bad Feeling' About Economy

June 2 (Reuters) - Electric vehicle major Tesla IncChief Executive Officer Elon Musk said on Thursday that Tesla’s AI Day has now been pushed to Sept. 30.

Elon Musk says Tesla AI Day pushed to Sept 30

In 2021, Lululemon sales grew 42% year-over-year (y-o-y) to $6.3 billion and earnings rose an outstanding 66% y-o-y to $7.49 per share.

What To Expect From Lululemon’s Stock Past Q1 Earnings

Who is Javier Olivan, Meta's next COO?

Now that Sheryl Sandberg is gone from Facebook, Mark Zuckerberg is the only top executive remaining from the company's IPO a decade ago.

Sheryl Sandberg was Facebook's adult in the room, but it's always been a Zuckerberg production

Coinbase stock (NASDAQ: COIN) has declined by almost 70% year to date in 2022 and remains down by almost 80% from all-time highs seen in November 2021, trading at levels of around $75 per share.

Coinbase Stock Is Down 70% This Year. Is It Time To Buy?

General Motors stock has rallied by almost 9% over the last week (five trading days), outperforming the S&P 500, which gained about 6.5% over the same period.

What’s Happening With GM Stock?

BERLIN, June 1 (Reuters) - Rimac has raised 500 million euros ($537 million) in a new funding round, it said on Wednesday, but the Croatian carmaker’s chief executive cautioned sales would have to be twice as high before he would consider a stock market listing.

Rimac raises $537 mln in new funding round, CEO talks potential IPO

The question for individual investors and market pros is whether this rally can continue and ultimately whether it is the resumption of the major bull market or just a bear market rally? The Viper Report’s Tom Aspray shares his market analysis after last week’s rally.

Is The Bull Market Alive Or Is The Bear Just Taking A Nap?

Tesla Giga Shanghai has started double-shift production since May 23, and production has been largely on par with pre-Covid lockdown levels, according to local media. The post Tesla's Shanghai plant has started double-shift production appeared first on CnEVPost. For more articles, please visit CnEVPost.