News Blog

Instacart reveals IPO filing, disclosing PepsiCo investment, profitability

Grocery delivery service Instacart on Friday said its core business turned profitable after making public its filing for a long-awaited stock market launch, while also disclosing an investment from PepsiCo Inc (PEP.O).

Danaher to Buy Abcam in $5.7 Billion Deal. Investors Don’t Like the Premium.

Danaher announced on Monday that it agreed to acquire biotech company Abcam in a deal valued at $5.7 billion.

Euro zone lending growth slows further as rate hikes bite

Growth in lending to euro zone companies slowed again in July, adding to already mounting evidence that sharply higher interest rates are putting a brake on credit creation and economic growth.

Jabil to Sell Manufacturing Business in China to BYD Subsidiary for $2.2 Billion

Jabil JBL –0.38% reached an agreement to sell its manufacturing business in China to BYD Electronic 285 0.00% , a subsidiary of Chinese electric-vehicle maker BYD 1211 +0.72% , in a deal valued at about $2.2 billion.

Vinfast rallies on after becoming world’s third-most valuable automaker

Shares of Vietnamese electric-vehicle maker Vinfast surged 30% in premarket trading on Monday, extending a rally from last week that more than quadrupled its market value to $160 billion.

Chinese Stocks Rally After Cut to Tax on Trades. Alibaba, JD.com Are Rising.

Chinese stocks climbed on Monday after the government said it would reduce a tax on trading and take other steps to boost its capital markets.

Chinese EV startup Xpeng shares soar 13% after announcing $744 million deal with Didi

Chinese electric car company Xpeng said Monday it is buying Didi’s smart electric car development business in an exchange of shares worth $744 million.

‘No playbook’: policymakers face up to changing global economy at Jackson Hole

Gathering for their annual meeting in the foothills of the Teton Range in Jackson Hole, Wyoming, leading officials and economists traded last year’s angst about inflation and central banks’ credibility for fears that the upheaval caused by the pandemic and the war in Ukraine have ushered in a new era for the global economy.

3M Agrees to Pay More Than $5.5 Billion Over Combat Earplugs

3M Co. has tentatively agreed to pay more than $5.5 billion to resolve over 300,000 lawsuits claiming it sold the US military defective combat earplugs, people familiar with the deal said.

In China, Gina Raimondo vows US will ‘protect our workers’ as it pursues healthy competition

US Commerce Secretary Gina Raimondo described the current state of relations between the world’s two largest economies as complicated and challenging, when she met with Chinese counterpart Wang Wentao in Beijing on Monday to discuss mutual concerns and attempt to get the foundation for those relations on a more firm footing.

ΔΕΠΑ Εμπορίας: Στο δημόσιο το ποσοστό της HE και εισαγωγή στο Χρηματιστήριο

Το μέλλον της ΔΕΠΑ Εμπορίας σε συνδυασμό και με την απεμπλοκή της Helleniq Energy (πρώην ΕΛΠΕ) τα οποία συμμετέχουν με ποσοστό 35% στην εταιρία ,επανεξετάζει η κυβέρνηση  βάζοντας και τυπικά τέλος στην ¨παγωμένη¨ από τον Ιούνιο του 2021 αποκρατικοποίηση.

Μονόδρομος η δημοσιονομική πειθαρχία – «Οχι» από Στουρνάρα σε εφησυχασμό

Στο 2,3% του ΑΕΠ τοποθετεί ο διοικητής της Τράπεζας της Ελλάδος Γιάννης Στουρνάρας τον πήχυ για το απαιτούμενο πρωτογενές πλεόνασμα του 2024, προκειμένου να σφραγισθεί η επιστροφή της χώρας στο ενάρετο δημοσιονομικό μονοπάτι, με συνέχιση της καθοδικής πορείας του χρέους.

Προϋπολογισμός: Πρωτογενές πλεόνασμα 3,55 δισ. ευρώ στο 7μηνο

Πρωτογενές πλεόνασμα ύψους 3,558 δισ. ευρώ καταγράφουν τα τελικά στοιχεία του κρατικού προϋπολογισμού στο επτάμηνο Ιανουαρίου – Ιουλίου, σύμφωνα με το υπουργείο Εθνικής Οικονομίας και Οικονομικών.

Fitch: Τι κερδίζει η Eurobank από το deal με την Ελληνική

Ψήφο εμπιστοσύνης στο deal της ελληνικής τράπεζας με την κυπριακή δίνει ο οίκος αξιολόγησης. Οι εκτιμήσεις για το τίμημα, και την επίπτωση στα κεφάλαια της Eurobank από την εξαγορά.

Fed Chair Powell calls inflation ‘too high’ and warns that ‘we are prepared to raise rates further’

Federal Reserve Chair Jerome Powell on Friday called for more vigilance in the fight against inflation, warning that additional interest rate increases could be yet to come.

The Fed Chief Always Steals the Show in Jackson Hole. But Watch for Other Speakers.

The debate among top economists and Federal Reserve officials in recent weeks has subtly begun to shift from how high the central bank will be raising interest rates to how long it will be keeping them in restrictive territory.

German economy stagnates in Q2 after winter recession

Germany’s economy stagnated in the second quarter from the previous three months, showing no sign of recovery from a winter recession and cementing its position as one of the world’s weakest major economies.

Mobileye Wins Self-Driving Car Business From Polestar. The Price Is Interesting.

Mobileye  picked up more self-driving car business on Friday as the EV start-up Polestar Automotive  selected the company to provide the “Mobileye Chauffeur” on its Polestar 4. The price point is worth noting.

Gap reports another period of declining sales across all brands, warns of ‘uncertain consumer’

Gap reported mixed results on Thursday and underwhelming current-quarter guidance as the longtime mall retailer saw another quarter of declining sales across all four of its brands.

Ulta Beauty rides on resilient cosmetics demand to post beat-and-raise quarter

 Ulta Beauty on Thursday raised its annual earnings and revenue forecast bolstered by resilient demand for its premium cosmetics and fragrances despite a broader decline in discretionary spending, and posted a better-than-expected quarterly profit.