Nvidia stock was slipping again early Wednesday. The chip maker isn’t immune to the semiconductor sector’s woes but its impressive cash returns mean it could eventually find a floor as a value stock. The shares were down 2% at $204.00 in premarket trading.
Nvidia stock was slipping again early Wednesday. The chip maker isn’t immune to the semiconductor sector’s woes but its impressive cash returns mean it could eventually find a floor as a value stock. The shares were down 2% at $204.00 in premarket trading.
Monty Rakusen/DigitalVision via Getty Images By Paolo Pizzoli, Senior Economist, Italy, Greece The impact of the war in the Middle East on Italian industrial production has so far been contained. In April, the seasonally adjusted industrial production print was up 0.5% on the month (after +0.6% in March) – the third consecutive monthly improvement. The working days adjusted measure was up 1.3% on ...
Monty Rakusen/DigitalVision via Getty Images By Paolo Pizzoli, Senior Economist, Italy, Greece The impact of the war in the Middle East on Italian industrial production has so far been contained. In April, the seasonally adjusted industrial production print was up 0.5% on the month (after +0.6% in March) – the third consecutive monthly improvement. The working days adjusted measure was up 1.3% on the year, and the average of calendar adjusted production over the first four months of 2026 is 0.6% higher than in the same period of 2025. Progress was not evenly spread across the main industry groups, though. The bulk of gains rests with investment and intermediate goods, with consumer goods marginally down on the month notwithstanding a solid monthly rebound in the durable component. Sector-wise, the main highlight was a solid monthly rebound in chemical products and confirmed solid growth in the production of machinery and transport equipment, the latter remaining by far the best-performing sector year to date – likely helped by incentives on car purchases. The monthly rebound in the production of refined oil products might reflect an increase in demand following supply disruptions in the Middle East because of the war. All in all, April production data points to the relative resilience of manufacturing versus services. However, we are talking about resilience within the framework of a very tentative turnaround: nothing more, for the time being. This is a pattern which might continue in May, if published business surveys are any guide. The EU Commission manufacturing business confidence index was stable in May, supported by a marginal improvement in orders and in stocks of finished goods. The manufacturing PMI May release was even more upbeat, posting the strongest reading since April 2022. Again, at the heart of the improvement was a combination of new orders and precautionary stock building by customers. The very nature of such a demand boost should induce necessary...
Investing.com -- HSBC lowered its price target on Li Auto (HK:2015) (NASDAQ:LI) to $15.60 from $17.20 and maintained its Hold rating on the Chinese electric vehicle maker, flagging a more difficult competitive landscape and a weaker near-term profitability outlook as the company’s product refresh cycle gets underway.
Investing.com -- HSBC lowered its price target on Li Auto (HK:2015) (NASDAQ:LI) to $15.60 from $17.20 and maintained its Hold rating on the Chinese electric vehicle maker, flagging a more difficult competitive landscape and a weaker near-term profitability outlook as the company’s product refresh cycle gets underway.
It is World Cup time, as the month-long soccer tournament kicks off June 11 throughout North America and lasts until July 19. Perhaps no U.S. brand is tied to the "beautiful game" more than Nike (NYSE: NKE) . While Nike is not an official sponsor of the FIFA World Cup, many of the sport's leading players, like Cristiano Ronaldo and Kylian Mbappé, have endorsement deals with Nike. Also, Nike provid...
It is World Cup time, as the month-long soccer tournament kicks off June 11 throughout North America and lasts until July 19. Perhaps no U.S. brand is tied to the "beautiful game" more than Nike (NYSE: NKE) . While Nike is not an official sponsor of the FIFA World Cup, many of the sport's leading players, like Cristiano Ronaldo and Kylian Mbappé, have endorsement deals with Nike. Also, Nike provides the shoes and "kits" for 12 teams, including France, England, Brazil, the United States, Canada, and the Netherlands. So, Nike will have a ton of visibility over the next month, not just from the players on the field, but on the airwaves and in social media through an advertising campaign it is launching for the World Cup. Continue reading
Featuring cover bands, walking tours and the poet laureate as DJ, The Fall: Futures and Pasts is the ultimate Fall fan experience. But can our writer get through Eat Y’Self Fitter at karaoke? There has never been a group like the Fall. I use the word “group” advisedly, as I once made the mistake of calling them a “band” in the presence of Mark E Smith. The combustible singer immediately admonished...
Featuring cover bands, walking tours and the poet laureate as DJ, The Fall: Futures and Pasts is the ultimate Fall fan experience. But can our writer get through Eat Y’Self Fitter at karaoke? There has never been a group like the Fall. I use the word “group” advisedly, as I once made the mistake of calling them a “band” in the presence of Mark E Smith. The combustible singer immediately admonished me on the basis that a band was something that you’d get in Blackpool. The irreplaceable Smith died in 2018 at the age of 60, immediately bringing to an end the group that he fronted for his entire adult life. The legend of the Fall lives on, though. They have arguably never been bigger, with interest maintained by a slew of reissues, multiple spinoff groups, a variety of podcasts and a steady stream of books; the nine-track Post Script, billed as the band’s “official final album” by former manager Ed Blaney, was announced last week and slated for a September release. So it’s an opportune time for The Fall: Futures and Pasts, a three-day all-Fall festival held at Manchester’s Band on the Wall venue last weekend, celebrating 50 years of the group and attracting fans from as far afield as Australia and the US. Continue reading...