Wall Street banks' Q2 trading revenue likely to surge, softening blow from deal slump

NIO bought back shares from strategic investors in Anhui twice, in 2020 and 2021, and there is no such thing as a future "gambling" failure, CEO William Li said. The post NIO CEO dismisses 'gambling agreement' with Hefei appeared first on CnEVPost. For more articles, please visit CnEVPost.

NIO CEO dismisses 'gambling agreement' with Hefei

(Changes sourcing, adds background and Twitter statement)

Twitter hires U.S. law firm Wachtell to sue Musk after pulling out of $44 bln deal - sources

In a filing with the Securities and Exchange Commission on Friday, July 8, 2022, Musk pulled out of the deal, citing several alleged material breaches of multiple provisions of the merger agreement by Twitter.

Let The Games Begin!

A look at the day ahead in markets from Sujata Rao

MORNING BID-No quiet end to the week, it's payrolls Friday

World stocks have erased $20 trln since January peaks

Investors fear earnings season will spark new equities selloff

July 6 (Reuters) -
* MERCK IS IN ADVANCED TALKS TO BUY SEAGEN - WSJ
* COMPANIES ARE DISCUSSING A PRICE FOR SEAGEN ABOVE $200 A SHARE - WSJ Source text: [https://on.wsj.com/3uu3tMa] Further company coverage:((reuters.briefs@thomsonreuters.com;))

Merck Is In Advanced Talks To Buy Seagen - WSJ

If all of NIO's battery swap stations start charging, a battery swap station providing 50 services per day could reach the break-even point, an executive previously said. The post NIO has provided 10 million battery swaps as it reaches 998 stations appeared first on CnEVPost. For more articles, please visit CnEVPost.

NIO has provided 10 million battery swaps as it reaches 998 stations

From January to June, BYD sold 641,350 NEVs, up 314.9 percent from 154,579 units in the same period last year. The post BYD posts record 134,036 NEV sales in June, exceeding 100,000 units for fourth consecutive month appeared first on CnEVPost. For more articles, please visit CnEVPost.

BYD posts record 134,036 NEV sales in June, exceeding 100,000 units for fourth consecutive month

Some 68% of chief financial officers expect a recession to occur during the first half of 2023, according to a CNBC survey. Here's how to prep your portfolio.

Some experts say a recession is coming. Here's how to prepare your portfolio

ANALYSIS-Some investors bet top growth stocks will thrive in U.S. recession

TOKYO, July 1 (Reuters) - Apple Inchas hiked by nearly a fifth the cost of its flagship iPhone phone in Japan, which is battling a weakening yen currency and rising inflation.

Apple hikes Japan price of iPhone by nearly a fifth

WASHINGTON, June 30 (Reuters) - Alphabet Inc’sGoogle has agreed to pay $90 million to settle a legal fight with app developers over the money they earned creating apps for Android smartphones and for enticing users to make in-app purchases, according to a court filing.

Google to pay $90 million to settle legal fight with app developers

Edison Yu's team explains perfectly what Weineng is, why it was formed and how it relates to NIO. The post Deutsche Bank explains NIO's relationship with Weineng, which was put in spotlight by short report appeared first on CnEVPost. For more articles, please visit CnEVPost.

Deutsche Bank explains NIO's relationship with Weineng, which was put in spotlight by short report

(Updates with closing U.S. markets activity)

GLOBAL MARKETS-MSCI global stock index has biggest first-half drop on record

June 29 (Reuters) - Australia’s Liontown Resources Ltd

Australia's Liontown signs 5-year lithium supply deal with Ford Motor

品玩 6 月 28 日讯，据 TheElec 报道，三星 SDI 计划新建 4680 电池产线为特斯拉供货。目前，三星 SDI 在天安（Cheonan）建立了一条电池测试产线，相关测试工作将于今年年底完成。最新消息称，如果验收结果成功，三星 SDI 将计划明年于马来西亚投资量产线。这是三星 SDI 第一次公开具体的 4680 圆柱电池计划。特斯拉的 4680 圆柱电池规格是直径 46mm，高 80mm。目前，三星 SDI 正在开发两个版本的 4680 电池。其中之一是按照特斯拉的规格，另一个则在高度上调整至 40-60mm。高度调整版的电池意在赢得宝马等车企客户。据 TheElec 报道，近日，三星电子副会长李在镕表示，他在欧洲出差时会见了宝马。4680 圆柱电池的大规模产线很可能投资于马来西亚的芙蓉工厂，三星 SDI 意图将其作为新型圆柱电池的前沿基地。目前，量产的目标产能约为 8-12GWh，高度调整版的电池预计产能则在 5GWh 左右。4680 电池的其他供应商也各有进展。今年 6 月，LG 新能源（LGEnergySolution）宣布将投资 5800 亿韩元用于设立 4680 电池产线，年产能 9GWh，该产线预计将于 2023 年下半年投产。

三星 4680 电池规划细节曝光 相关测试工作将于年底完成

Co-founder of game developer XD plans overseas relocation - internal memo

"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