Chinas Passenger Vehicle Sales fall 14.1 in Jan mm

BEIJING, Feb 8 Reuters China39;s passenger vehicle sales shrank 14.1 in January from the prior month, the first such slide since August, data from the China Passenger Car Association CPCA showed on Thursday. Sales totalled 2.05 million units, up 57.1 from a year earlier. Battery electric vehicle sales sagged 37 in January from the month […]
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PayPal sees Flat Profit in Transition Year, Shares Fall

PayPal39;s 2024 profit disappoints investors Stock falls 7 after the bell CEO says PayPal focused on longterm growth Reuters PayPal39;s forecast of flat growth in adjusted profit for the current year overshadowed its marketbeating earnings report, sending shares of the payments giant down 7 in extended trading. On a postearnings call, newly appointed CEO Alex Chriss […]
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Arm Shares Surge on Strong Forecast of AIFueled Chip Upgrades

Reuters Arm surged more than 30 on Wednesday after the British tech company forecast quarterly sales and profit above Wall Street expectations as customers aim to design new chips for artificial intelligence work, generating higher royalties. The surge in Arm39;s stock lifted its market capitalization by about 26 billion. Now trading at 102.11, Arm has […]
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