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Author's articles
Asian markets track Wall St losses after mixed tech earnings
Asian markets fell on Wednesday following a mixed batch of US earnings that did little to boost enthusiasm as investors look for the tech sector to continue filing blockbuster profits after pumping billions into artificial intelligence.
Renewables overproduction turns electricity prices negative
With the proliferation of solar panels and wind turbines an unusual phenomenon is becoming more and more frequent: wholesale electricity prices turn negative. Prices turn negative on the spot wholesale electricity market when production is strong while demand is weak.
Tesla reports profit drop on price cuts, lower vehicle sales
Tesla reported a hefty drop in second-quarter profits Tuesday due to the effect of price cuts while spending aggressively on artificial intelligence and other technology. Tesla vowed to press on with technological pushes in artificial intelligence and autonomous driving.
'kamala IS brat': Pop world backs Harris
The pop world has coalesced rapidly around Kamala Harris's last-minute candidacy, as the US vice president gets a boost from an online explosion of videos mixing her speeches with hit songs.
Coca-Cola lifts full-year forecast after profits top estimates
Coca-Cola raised some of its full-year financial projections Tuesday as it reported better-than-expected profits, pointing to a lift from premium products that countered weakness in some markets. The soda giant reported profits of $2.4 billion in the second quarter, down five percent from the year-ago period.
French luxury giant LVMH half-year net profit drops 14%
The world's largest luxury group, LVMH, said Tuesday its half-year net profit slid 14 percent amid an uncertain geopolitical and economic environment. "The results for the first half of the year reflect LVMH's remarkable resilience... and the responsiveness of its teams in a climate of economic and geopolitical uncertainty," said chief executive Bernard Arnault.
Strong US sales boost GM results as it slows some EV plans
General Motors reported higher profits Tuesday behind another round of strong North American auto sales, with executives vowing a flexible approach to electric vehicle (EV) investment while demand growth ebbs. North American auto sales rose compared with the year-ago period, with the company enjoying still-strong vehicle pricing that has lasted longer than analysts expected.
'Assassin's Creed' makers defend 'creative liberties' in black samurai row
The makers of "Assassin's Creed" defended their "creative liberties" on Tuesday after nearly 100,000 people signed a petition launched in Japan against the introduction of a new black samurai character. It was signed by some 95,000 people as of Tuesday.
L'Occitane to exit Hong Kong stock exchange
French luxury beauty products firm L'Occitane said Tuesday its shares would be removed from the Hong Kong stock exchange after a public offer had received sufficient support. L'Occitane listed its shares in Hong Kong in 2010, raising more than $700 million, thanks to optimism over the booming Chinese consumer market.
AFP
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