By Yifan Wang Chinese electric car maker Xpeng Inc. has cut prices for most of its vehicles by around 10%, joining other auto makers in lowering prices as competition heats Read more
Tag: Maker
The Fed is not a ‘climate-policy maker,’ Powell says
The Federal Reserve has only a “narrow” role regarding climate change risks – to make sure banks understand and manage the financial risks associated with warming temperatures, the central bank’s Read more
Lululemon stock slides premarket after yoga gear maker revises Q4 guidance
Lululemon Athletica Inc. LULU, +1.02% revised its fourth-quarter guidance on Monday by raising its revenue guidance. tweaking its per-share earnings guidance to a tighter range and lowering margin guidance. The Read more
Rheinmetall to acquire Spanish ammunition maker Expal for $1.24 billion
Rheinmetall AG RHM, -1.20% said it has agreed to acquire Spanish ammunition maker Expal Systems SA for an enterprise value of 1.2 billion euros ($1.24 billion). Expal , which is Read more
Medical cannabis maker Cantourage surges in Frankfurt debut
Medical cannabis maker Cantourage soared in its debut in Frankfurt on Friday. With the ticker symbol “HIGH,” shares of the Berlin-based company HIGH, +136.11% rose as high as €19.70 after Read more
Carl Icahn has sizable stake in beverage-can maker Crown Holdings
Carl Icahn has a sizable stake in Crown Holdings Inc. and believes the beverage-can maker should shed noncore units and buy back more stock, according to people familiar with the matter. The billionaire activist Read more
Invisalign maker sees more than $3 billion in market cap start to disappear after earnings, revenue sink
Align Technology Inc. shares dove more than 18% in after-hours trading Wednesday, after the maker of Invisalign teeth straighteners reported that profit fell more than 50% and sales declined more Read more
Drinks maker Heineken’s CEO says there are signs of ‘softness’ in demand for beer
“We increasingly see reasons to be cautious on the macroeconomic outlook, including some signs of softness in consumer demand.” That was Dolf Van Den Brink, CEO of Heineken, speaking on Read more
Weber stock jumps 25% after largest shareholder makes acquisition offer for grill maker
Weber Inc.’s stock climbed more than 24% in after-hours trading Monday, mirroring an offer from its largest shareholder to buy the grill maker’s remaining shares for $6.25 apiece. The offer Read more
ASML rallies after chip equipment maker hikes outlook, boosting Lam stock
U.S. shares of ASML Holding NV rallied Wednesday after the Dutch chipmaking-equipment supplier’s better-than-expected results and raised outlook boosted shares of peers like Lam Research Corp., which is reporting its Read more