A number of key catalysts could drive more growth at Gap in the coming months, according to JPMorgan. The investment bank upgraded the stock to overweight and increased its price target by $2 to $30, which reflects more than 23% upside from Friday’s close. The stock is up about 16% year to date, trailing the … Read more
Striking Volkswagen workers gather outside the Volkswagen factory on December 2, 2024 in Emden, Germany. Julian Stratenschulte| Getty Images News | Getty Images Volkswagen workers across Germany stopped work on Monday as the conflict between the German automotive giant and its employees over changes to labor agreements and potential factory closures escalated. Nine of Volkswagen’s … Read more
BYD Song L electric cars at the 21st Changchun International Automobile Expo in Changchun, Jilin province, China, on July 17, 2024. Nurphoto | Nurphoto | Getty Images SINGAPORE — Chinese automakers BYD, Leapmotor, and Xiaomi have raced past their annual delivery targets a month ahead of schedule, underscoring their rapid growth and strong market demand … Read more
China’s economy is widely expected to grow by more than 5% this year. Vcg | Visual China Group | Getty Images China bonds rallied Monday with the 10-year yield dropping below the key psychological level of 2% to hit a multi-decade low, amid expectations that Beijing could expand its stimulus measures to shore up the … Read more
Faryar Shirzad, chief policy officer at Coinbase, speaking onstage during the 2024 Concordia Annual Summit at Sheraton New York Times Square on Sep. 24, 2024 in New York City. John Lamparski | Getty Images for Concordia Summit LONDON — Coinbase’s top policy executive expects the United States to rapidly regulate the cryptocurrency industry once Donald Trump … Read more
A Chinese flag is displayed next to a “Made in China” sign seen on a printed circuit board with semiconductor chips, in this illustration picture taken February 17, 2023. Florence Lo | Reuters The U.S. will launch its third crackdown in three years on China’s semiconductor industry on Monday, restricting exports to 140 companies including chip … Read more
US President Joe Biden, left, and Hunter Biden, son of US President Joe Biden, right, during the Easter Egg Roll on the South Lawn of the White House in Washington, DC, US, on Monday, April 1, 2024. The First Lady, a teacher for more than 30 years, created this year’s theme of “EGGucation.” Michael Reynolds … Read more
A worker grinds at a workshop of an equipment manufacturing company in Qingzhou Economic Development Zone, East China’s Shandong province, March 31, 2023. CFOTO | Future Publishing | Getty Images China’s manufacturing activity continued to expand among smaller manufacturers in November, signaling that the country’s recent stimulus efforts have already helped to lift certain sectors … Read more
Mahindra & Mahindra , one of India’s largest automakers, last week unveiled two new electric vehicles priced around $25,000, challenging both domestic and international rivals in the growing Indian EV market. The news has led some analysts to turn even more bullish on the stock, with almost 90% of those covering it giving the company … Read more
A heavy traffic jam with many cars on the road in Chaoyang district in Beijing, China. Sw Photography | Digitalvision | Getty Images Asia-Pacific markets were set to kick-start a data-heavy week mostly higher, with investors awaiting economic readings from several countries, including Japan, South Korea and China. Over the weekend, China released its official … Read more