SAIC

China’s homegrown EV makers are making waves overseas while facing a slowdown at home.   What Happened: In the first quarter of 2024, local car brands saw a 40% increase in overseas sales compared to the same period last year, reaching a total of 470,000 units...

Chinese carmaker SAIC Motor is reportedly looking to cut jobs in the thousands at its joint ventures with foreign automakers General Motors (NYSE:GM) and Volkswagen (OTCPK: VWAGY). What Happened: SAIC, which is owned by the Chinese state, is looking to cut 30% of employees at its joint venture with...

It's déjà vu all over again, as China reported a renewed outbreak of COVID-19, forcing new lockdowns primarily in the northeastern regions of the country. As the nation grapples with the worst outbreak in two years, here's a look at how EV makers and their production...

Tesla, Inc. (NASDAQ: TSLA) is still the leader of the EV industry, but its dominant market positioning is at risk, according to a new report from Canalys. EV Competitive Dynamics Shifting: Tesla had a 14% share of the EV market in 2021, a year which saw strong acceleration in sales, Canalys said in...

Insider buying can be an encouraging signal for potential investors, especially when markets are near all-time highs. Once again, some insiders were taking advantage of recent public share offerings to add or bolster stakes. Biotechs and a special purpose acquisition company saw insider purchases...

Alibaba Group Holding Ltd (NYSE: BABA) launched an electric sedan with state-owned SAIC Motor, China’s largest car company, Nikkei Asia reported Thursday (Hong Kong Time). What Happened: The vehicle, capable of wireless charging, was launched under a new brand — IM. The acronym stands...

Insider buying can be an encouraging signal for potential investors. Insiders at biotechs took advantage of initial and secondary public offerings. Notable insider purchases were also seen at some industrial companies. Conventional wisdom says that insiders and 10% owners really only buy shares...

The earnings season has wound down, so very few companies will be sharing quarterly results this week. However, two leading tech companies are expected to report their latest earnings. Wall Street analysts are looking for bottom-line growth from just one of them. In what overall will be a very...

The earnings season has wound down, so very few companies will be sharing quarterly results this week. However, two leading specialty retailers are expected to report their latest earnings. Wall Street analysts are looking for top and bottom line growth from both. In what overall will be a very...

Staying on course for yesterday's acquisition frenzy, several mergers and acquisitions were announced on Wednesday, September 4. Major Averages The Dow Jones Industrial Average increased by 96.91 points, or 0.65 percent, to 14,930.87. The S&P 500 rose 13.31 points, or 0.81 percent, to 1,653....

This holiday shortened week will see a sprinkling of off-season quarterly reports from the likes of H&R Block (NYSE: HRB) and retailer Dollar General (NASDAQ: DG) to truck maker Navistar International (NYSE: NAV) and Smith & Wesson (NYSE: SWHC). Here is a quick look at analysts'...

Quarterly reports from Tiffany & Co. (NYSE: TIF) and Campbell Soup (NYSE: CPB) will highlight an otherwise pretty quiet week on the earnings front as the quarter winds down. Here is a quick look at expectations from those two reports, as well as those from Salesforce.com (NYSE: CRM), Brown-...

This weekend in Barron's online: the outlook for Europe, 15 cheap stocks in a pricey market, and the prospects for cyber security stocks, Interpublic Group, Global Cash Access Holdings and Hess. Cover Story "Europe's Economy Will Rebound" by Jonathan Buck. "Europe's economy has hit bottom, and...

Things will be fairly quiet on the earnings front this week, offering little to draw attention away from the wave of employment data due out, as well as such economic data as the ISM surveys and the latest PMI figures. But here is a quick look at the expectations for some of the week's most...