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Dell stock falls after downbeat Q4 revenue forecast amid PC weakness
  • November 27, 2024

Dell stock falls after downbeat Q4 revenue forecast amid PC weakness

(Reuters) -Dell forecast fourth-quarter revenue below Wall Street expectations on Tuesday, weighed down by weaker demand for its traditional PCs and competition from rival server makers, sending its shares down more than 10% in extended trading. Despite booming demand for the company's AI-optimized servers used to handle large artificial intelligence workloads, Dell's PC segment has been grappling with stiff competition from rivals and weak consumer spending amid an uncertain economy. Enterprise customers are being mindful of their PC and IT spending in the short term, Dell executives said on a post-earnings conference call, adding that the company's consumer business was weaker than expected.

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India's Mahindra bets on premium electric SUVs to boost market share
  • November 27, 2024

India's Mahindra bets on premium electric SUVs to boost market share

Indian automaker Mahindra & Mahindra has launched a new range of electric vehicles as the country's no. 2 SUV maker by volume looks to boost its market share by entering segments dominated by rivals Hyundai Motor and Toyota. Mahindra launched the smaller sporty BE 6e and luxurious XEV 9e electric SUVs late on Tuesday. With its smaller SUV, Mahindra will enter India's fast-growing compact SUV market, which grew nearly 20% in the first six months of the current fiscal year and is dominated by Hyundai's Creta and Toyota's Urban Cruiser Hyryder - both priced between around $13,000 and $24,000.

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SF Holding delivers a lacklustre trading debut in Hong Kong amid tepid market sentiment
  • November 27, 2024

SF Holding delivers a lacklustre trading debut in Hong Kong amid tepid market sentiment

SF Holding, China's largest courier deliverer often regarded as the nation's equivalent to FedEx, delivered a flat trading debut in Hong Kong amid tepid sentiment, a precursor to a busy week of stock debuts that will add several billion Hong Kong dollars to this year's listing proceeds. Trading under the 6936 code, SF shares rose by as much as 1.2 per cent to an intraday high of HK$35.50, after opening unchanged from its initial public offering price (IPO) of HK$34.30. The shares ended the day u

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Chinese Stocks Jump as Stimulus Hopes Rise Ahead of Key Meeting
  • November 27, 2024

Chinese Stocks Jump as Stimulus Hopes Rise Ahead of Key Meeting

(Bloomberg) -- A rebound in Chinese stocks accelerated in afternoon trading amid speculation that a key economic meeting expected in December may unleash more stimulus. Most Read from BloombergNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasIn Italy’s Motor City, Car-Free Options Are GrowingIn Kansas City, a First-Ever Stadium Designed for Women’s Sports Takes the FieldIn Traffic-Weary Toronto, a Battle Breaks Out Over Bike LanesChina’s CSI 300 Index closed 1.7% higher, posting its b

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OpenAI allows employees to sell $1.5 billion stock to SoftBank, sources say
  • November 27, 2024

OpenAI allows employees to sell $1.5 billion stock to SoftBank, sources say

(Reuters) -ChatGPT-owner OpenAI is allowing its employees to sell roughly $1.5 billion worth of shares in a new tender offer to Japan's SoftBank Group, two sources familiar with the matter told Reuters on Wednesday. SoftBank's billionaire CEO Masayoshi Son has been persistent in seeking a larger stake in the startup after investing in the last funding round, according to CNBC, which first reported the news. The Microsoft-backed artificial intelligence start-up raised $500 million from the Japanese conglomerate, according to a media report, in a $6.6 billion funding round in October at a valuation of $157 billion.

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Analysis-Black Friday: online marketing costs jump in bidding war with Temu and Shein
  • November 27, 2024

Analysis-Black Friday: online marketing costs jump in bidding war with Temu and Shein

Heavy online marketing spending by Temu and Shein is making it more costly for other retailers and brands to reach shoppers on Black Friday, marketing and industry experts say, with both platforms bidding heavily on search keywords used by competitors. Typing a few words into a search engine is a key starting point for shoppers looking online for gifts or buying for themselves in Black Friday sales, the unofficial start of the holiday shopping season on the day after U.S. Thanksgiving. Retailers compete for their advertised products to appear high up in online search results, by bidding on keywords.

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Apple misses out on big 2024 smartphone market rebound, IDC says
  • November 27, 2024

Apple misses out on big 2024 smartphone market rebound, IDC says

(Bloomberg) -- Global smartphone sales rebounded strongly in 2024 after two successive years of decline, but Apple Inc. barely managed growth, an independent study showed, underscoring the speed with which Android-based rivals are gaining ground in China and emerging markets.Most Read from BloombergNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasIn Italy’s Motor City, Car-Free Options Are GrowingIn Kansas City, a First-Ever Stadium Designed for Women’s Sports Takes the FieldNYC's Und

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