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Hyundai, Kia Say Apple Car Deal Now Off, See $8.5 Billion Wiped Off Market Value Via Reuters: South Korea’s Hyundai Motor Co said on Monday it is not now in talks with Apple Inc on autonomous electric cars, just a month after it confirmed early-stage talks with the tech giant, sending the automaker’s shares skidding. Wiping $3 billion off its market value, Hyundai’s stock slid 6.2%. Shares in its affiliate […]

Nokia Fourth-Quarter Profit, Revenue Beat As CEO Lundmark Revamps Strategy Via Reuters: Finnish telecom network equipment maker Nokia reported better-than-expected fourth-quarter revenue and underlying profits on Thursday, buoyed by strategy revamp by new Chief Executive Officer Pekka Lundmark. Nokia said its October-December revenue fell 5% to 6.57 billion euros ($7.89 billion), beating a consensus figure of 6.42 billion euros, Refinitiv Eikon data showed. Nokia said its October-December underlying earnings fell […]

Regulators To Meet As Brokers Call Time On Reddit-Trader Rollercoaster Via Reuters: Hedge funds, small investors and stockbrokers are bracing for tougher U.S. markets regulation, with officials expected to meet this week to assess the fallout from a social media-driven trading frenzy that has roiled stocks and silver prices. Mass buying by amateur traders over the past two weeks has driven wild price gyrations in companies that big U.S. fund […]

GameStop, AMC Slide As Retail Trading Frenzy Stalls Via Reuters:  Shares of videogame retailer GameStop and movie theater operator AMC Entertainment Holdings lost 26% and 13%, respectively, in early pre-market trading on Tuesday. A sharp rally in the stocks of companies at the heart of the battle between amateur investors and Wall Street faltered in the previous session, partly as the action shifted to assets including silver. What Is The […]