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☆ The Best Walmart Black Friday Deals 2023
▼ + stars: | 2023-11-22 | by ( Leslie Yazel | ) www.wsj.com time to read: +1 min

Keep browsing sales in our guide to Target’s sale as well our big list of sale items from popular retailers and brands. For early access to Walmart deals that start on Nov. 22, consider joining Walmart+. The paid membership will enable you to shop the retailer’s deals six hours before nonmembers—and potentially before popular products sell out (our writer’s favorite home power station is one of those deals). You can find additional buys in our dedicated tech deals guide. For clothing and shoes from other retailers, don’t miss our handpicked guide with the latest deals for your wardrobe.

Persons: Leslie Yazel, nonmembers —, you’ve Organizations: Walmart, Paramount, Electronics, Apple, Samsung, Sony Locations: U.S

☆ 2 big signs that it will be a great holiday season for receiving gifts
▼ + stars: | 2023-11-22 | by ( Cork Gaines | ) www.businessinsider.com time to read: +4 min

Americans are preparing to spend money this holiday season at a rate exceeding pre-pandemic levels. And yet, there are also some promising signs that consumers are ready to splurge on deals this holiday season. A new Deloitte survey shows that Americans are preparing to spend money this holiday season at a rate exceeding pre-pandemic levels. Deloitte also found that the people surveyed plan to spend $1,652 this holiday season, up 14% from last year and 10% from the pre-pandemic level of $1,496 in 2019. OCTAVIO JONES/Getty ImagesThe steeper discounts will mean that prices for many products will be cheaper this year compared to last year's holiday season, according to the Wall Street Journal.

Persons: —, OCTAVIO JONES Organizations: Service, Deloitte, Black, Adobe, Wall Street

☆ Music industry veteran Jimmy Iovine faces sexual abuse allegation
▼ + stars: | 2023-11-22 | by ( Dawn Chmielewski | Companies Need To Integrate Climate Reporting Across Functions To Comply With California S New Law | Henry Engler | ) www.reuters.com time to read: +2 min

Jimmy Iovine accepts the Ahmet Ertegun Award on stage at the 37th Annual Rock & Roll Hall of Fame Induction Ceremony in Los Angeles, California, U.S., November 5, 2022. REUTERS/Mario Anzuoni/File Photo Acquire Licensing RightsNov 22 (Reuters) - Music industry veteran Jimmy Iovine was sued on Wednesday by an woman who claims she was sexually abused. A spokesperson for Iovine said they were "quite shocked and baffled" by the alleged claim. No one has ever made a claim like this against Jimmy Iovine, nor have we been contacted or made aware of any complaint by anyone, including this unknown plaintiff prior to now,” the spokesperson said. The onetime recoding engineer co-founded Interscope Records, a music label associated with West Coast hip hop that is now part of Universal Music Group(UMG.AS).

Persons: Jimmy Iovine, Ahmet Ertegun, Mario Anzuoni, Jane Doe, Iovine, Douglas Wigdor, Dr, Dre, Russell Brand, Bill Cosby, Harvey Weinstein, Donald Trump, Sean, Diddy, Combs, Axl Rose, Sheila Kennedy, Dawn Chmielewski, Daniel Wallis Organizations: Roll Hall, REUTERS, U.S, Interscope Records, West Coast, Universal Music, Beats Electronics, Apple, Thomson Locations: Los Angeles , California, U.S, New York, Manhattan, West, Los Angeles

☆ German defence contractor Hensoldt sees investment opportunities in AI
▼ + stars: | 2023-11-22 | by ( ) www.reuters.com time to read: +2 min

A logo of defense supplier Hensoldt AG is pictured during Hensoldt's initial public offering (IPO) at the Frankfurt Stock Exchange in Frankfurt, Germany, September 25, 2020. REUTERS/Ralph Orlowski/File Photo Acquire Licensing RightsNov 22 (Reuters) - Hensoldt (HAGG.DE) sees artificial intelligence (AI) and analytics as an area with investment opportunity, the German defence electronics maker said at its Capital Markets Day. "Investment opportunities arise, for example, in the areas of artificial intelligence and analytics as well as in the services and integration business," it said in a statement. According to slides from Hensoldt's Capital Markets Day presentation, the company plans to invest in AI development "across all business for all relevant products and solutions". Last week, Hensoldt announced plans for a capital increase to finance the acquisition of German military service firm ESG.

Persons: Ralph Orlowski, Thomas Mueller, Hensoldt, Andrey Sychev, Alexander Huebner, Miranda Murray Organizations: Hensoldt, Frankfurt Stock Exchange, REUTERS, IRIS, Hensoldt's, Markets, Thomson Locations: Frankfurt, Germany, Ukraine

☆ Singapore expects economy to grow 1% to 3% next year, narrows 2023 outlook
▼ + stars: | 2023-11-22 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +2 min

Economists polled by Reuters had expected GDP growth of 0.7%, the same as advance estimates by the government. On a quarter-on-quarter, seasonally-adjusted basis, GDP grew 1.4%, sharply higher than the 0.1% increase seen in the previous quarter. Following the results, MTI revised its Singapore GDP growth outlook for 2023 to "around 1%," from 0.5% to 1.5% forecast earlier. An ongoing recovery in air travel and tourism is likely to support Singapore's aviation- and tourism-related sectors such as air transport and accommodation. Resilient labor market conditions will also continue to support consumer-facing sectors including retail trade, and food and beverages.

Persons: MTI Organizations: Ministry of Trade, Industry, Reuters, Survey, Singapore Locations: Singapore, U.S

HANOI/KUALA LUMPUR, Nov 22 (Reuters) - Electronics worth a year-high $74 million, such as solar panels and microchips mostly from Malaysia and Vietnam, were denied entry in the United States in September or were checked for components from forced labour in China, official data show. In September alone, $82 million worth of shipments were either refused or were held for checks -- 90% of which were electronics -- a jump from less than $20 million in August. Over two-thirds of rejected or held cargoes came from Malaysia or Vietnam, which are major exporters to the United States of solar panels and semiconductors. Malaysia and Vietnam have had cargoes worth about $320 million each denied or held for checks since the new rules came into force, nearly three times more than China's. Washington has accused China of genocide against the Uyghurs, with rights groups denouncing a widespread use of internment camps and forced labour.

Persons: Francesco Guarascio @fraguarascio, Kim Coghill Organizations: Industry, Uyghur, Labor, Thomson Locations: HANOI, KUALA LUMPUR, Malaysia, Vietnam, United States, China, China's Xinjiang, U.S, Xinjiang, Washington

☆ Ukraine's coal mines turn to women to solve wartime staff shortages
▼ + stars: | 2023-11-22 | by ( Max Hunder | ) www.reuters.com time to read: +4 min

Its answer was to allow women to work underground for the first time in its history. "I took this job because the war started and there were no other jobs," 22-year-old Krystyna said candidly. He joined the army two weeks after the start of the full-scale invasion, Krystyna said, adding that she worries greatly about him. Russia-backed militias in eastern Ukraine took over many coal-rich regions in 2014. After the wartime repeal of that ban, about 400 women now work underground at DTEK's mines -- although that is only 2.5% of the total subterranean workforce.

Persons: Krystyna, Alina Smutko, Denys, Natalia, Max Hunder, Ivan Lyubysh, Tom Balmforth, Alexandra Hudson Organizations: REUTERS, Reuters, Soviet Union, Alexandra Hudson Our, Thomson Locations: Ukraine, Dnipropetrovsk region, Pavlohrad, Russian, Europe, Soviet, Russia, DTEK

Overall, Adobe estimates one in five Americans plan to use buy now, pay later plans to purchase holiday gifts. Retailers have found that customers offered a buy now, pay later option are more likely to have bigger cart sizes or to convert from browsing to checking out. In its report, the Fed cites research that finds that customers spend 20% more when buy now, pay later is available. LexisNexis Risk Solutions provides many buy now, pay later lenders with alternative credit scores for assessing consumers seeking loans, including those who may not have a traditional credit score. In the past two years, Williams has used buy now, pay later plans at stores including Target, BoxLunch, EyeBuyDirect, and Skims.

Persons: Vivek Pandya, Demishia Alford, Alford, “, ”, she’ll, I’ll, I’m, ” Kevin King, Kevin, ” Alford, Jessica Sarceda, ” Sarceda, Sarceda, Allison Williams, Williams, —, ” Jinal Shah, Charles Schwab Organizations: —, Federal Reserve Bank of New, Adobe, Adobe Digital, ”, Retailers, Fed, Consumers, Walmart, LexisNexis, Solutions, Nike, Target, Zip, Associated Press, Charles, Charles Schwab Foundation, Inc, AP Locations: Federal Reserve Bank of New York, Greensboro , North Carolina, Santa Monica , California, Amelia , Ohio

☆ Ukraine's Coal Mines Turn to Women to Solve Wartime Staff Shortages
▼ + stars: | 2023-11-22 | by ( Nov. | At A.M. | ) www.usnews.com time to read: +3 min

Its answer was to allow women to work underground for the first time in its history. "I took this job because the war started and there were no other jobs," 22-year-old Krystyna said candidly. Russia-backed militias in eastern Ukraine took over many coal-rich regions in 2014. DTEK, the mine's owner and Ukraine's largest private energy company, says nearly 3,000 of its 20,000 mineworkers are fighting. After the wartime repeal of that ban, about 400 women now work underground at DTEK's mines -- although that is only 2.5% of the total subterranean workforce.

Persons: Max Hunder PAVLOHRAD, Krystyna, Denys, Natalia, Max Hunder, Ivan Lyubysh, Tom Balmforth, Alexandra Hudson Organizations: Reuters, Soviet Union Locations: Ukraine, Pavlohrad, Russian, Europe, Soviet, Russia, DTEK

☆ Best Buy sees steeper decline in annual comparable sales
▼ + stars: | 2023-11-21 | by ( ) www.reuters.com time to read: +1 min

A Best Buy store is seen in Niles, Illinois near Chicago, September 23, 2013. REUTERS/Jim Young/File Photo Acquire Licensing RightsNov 21 (Reuters) - Best Buy (BBY.N) said on Tuesday it expects a steeper drop in full-year comparable sales, anticipating shoppers to remain selective in purchases of big-ticket items like electronics and home appliances despite elevated holiday season promotions. The company's shares, down nearly 15% this year, fell 2.4% in premarket trading after a miss on third-quarter revenue estimates. The top U.S. electronics retailer now expects annual comparable sales to decline in the range of 6.0% to 7.5%, compared with its prior range of a 4.5% to 6.0% drop. Total revenue fell to $9.76 billion in the third quarter ended Oct. 28 from about $10.59 billion a year earlier and compared with LSEG estimates of $9.90 billion.

Persons: Jim Young, Corie Barry, Savyata Mishra, Sriraj Organizations: REUTERS, Thomson Locations: Niles , Illinois, Chicago, Bengaluru

Kohl’s posted on Tuesday a bigger-than-expected decline in quarterly sales, as customers spent less at its department stores. Lowe's, the nation's second-largest home improvement chain behind Home Depot, also reported drops in both sales and profits. The consumer electronics retailer posted revenue of $9.76 billion in the period, falling short of Street forecasts. In the year-ago period, sales were $10.59 billion. Best Buy expects full-year earnings in the range of $6 to $6.30 per share, with revenue in the range of $43.1 billion to $43.7 billion.

Persons: Kohl’s, they're, Corie Barry, Barry, Anne Organizations: Federal, “, Zacks Investment Locations: Richfield , Minnesota

☆ Stocks making the biggest moves before the bell: Lowe's, Dick's, Best Buy, Kohl's and more
▼ + stars: | 2023-11-21 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Lowe's — The home-improvement retailer dropped 3.9% after cutting its sales outlook for the full year. Lowe's also missed analyst expectations for revenue in the third quarter, as sales slid 13% year over year. Best Buy — Shares of the consumer electronics retailer fell 5.9% after the company cut its full year sales outlook in an effort to prepare for price-conscious holiday shoppers. Best Buy beat Wall Street's quarterly earnings expectations, but fell short on revenue. Kohl's lowered the low end of its full year same-store sales outlook.

Persons: Lowe's, Kohl's, Medtronic, LSEG, Oppenheimer, Goldman Sachs, Goldman, Morgan Stanley, Cloudflare, Macheel, Sarah Min, Michelle Fox, Yun Li, Jesse Pound Organizations: Dick's, Goods, American Eagle Outfitters, Burlington Stores, Baidu, Wall, LSEG, Gen, — Locations: Burlington

☆ Walmart Black Friday crowds and chaos are a thing of the past
▼ + stars: | 2023-11-21 | by ( Alex Bitter | Dominick Reuter | ) www.businessinsider.com time to read: +5 min

One current and two former Walmart employees told Business Insider that stores in recent years aren't bracing for chaos on the day after Thanksgiving. AdvertisementInstead of one day of sales, Walmart now offers a series of items on mark-down, from pajamas to electronics. "It's made just for Black Friday," Baker said of on-sale products that might otherwise appear similar to regularly available merchandise. AdvertisementA Black Friday sales event at a Walmart Supercenter on November 14, 2023. Advertisement"Because of my time at Walmart, because me and my husband both have done it, we just don't do Black Fridays," she said.

Persons: —, Karen Baker, Baker, Athenia Camacho, Brittany Chang, hasn't, Camacho, It's, " Baker, it's, Mario Tama, abitter@businessinsider.com Organizations: Walmart, Service, Business, Southwest . Business, Black, Southwest Locations: California, Southwest

WASHINGTON (AP) — The White House voiced concern Tuesday that Iran may provide Russia with ballistic missiles for use in its war against Ukraine, a development that likely would be disastrous for the Ukrainian people, a U.S. national security official said. “We are therefore concerned that Iran is considering providing Russia with ballistic missiles now for use in Ukraine,” Kirby told reporters during a conference call. “In total, Iran is seeking billions of dollars worth of military equipment from Russia to strengthen its military capabilities," Kirby said. The White House has said Russia has turned to North Korea for artillery. U.S. officials say Iran has also provided Russia with artillery and tank rounds for its invasion of Ukraine.

Persons: John Kirby, ” Kirby, Sergei Shoigu, Joe Biden's, Kirby, Wagner Organizations: WASHINGTON, National Security, Russia, Russian Defense, Democratic, Republican Party, “, ”, Iranian Locations: Iran, Russia, Ukraine, U.S, Tehran, Israel, Taiwan, Mexico, North Korea, The U.S, Tehran ., Moscow

☆ Walmart Black Friday crowds and chaos are a thing of the past — but the deals could be better than ever
▼ + stars: | 2023-11-21 | by ( Alex Bitter | Dominick Reuter | ) www.businessinsider.com time to read: +6 min

Sales are spread over multiple weeks, and shoppers are going online to snag deals instead of lining up outside a store. Former Walmart employee Karen Baker told Business Insider she worked each Black Friday in her decade with the company and described it as a "free for all." One current and two former Walmart employees told Business Insider that stores in recent years aren't bracing for chaos on the day after Thanksgiving. "It's made just for Black Friday," Baker said of on-sale products that might otherwise appear similar to regularly available merchandise. "Because of my time at Walmart, because me and my husband both have done it, we just don't do Black Fridays," she said.

☆ Holiday shopping: Months-long sale season may dilute the impact of Black Friday
▼ + stars: | 2023-11-21 | by ( Parija Bhatnagar | Parija Kavilanz | ) edition.cnn.com time to read: +7 min

The day after Thanksgiving historically has marked the start of the holiday shopping rush. This matters because the November-December gift-buying months combined can account for about 20%, or a sizable chunk, of retailers’ sales for the full year. Retailers this year trotted out early Black Friday-like deals weeks ahead of the annual day-after-Thanksgiving shopping bonanza. “It is a lengthier shopping season because retailers were rolling out early Black Friday deals as early as October. Walmart’s first round of early Black Friday deals included a 50-inch TV house brand for $148.

Persons: New York CNN —, “, ”, Marshal Cohen, Cohen, Yuki Iwamura, Adam Davis, Wells, they’ll, Cohen doesn’t, doorbusters, Julie Ramhold, ” Ramhold, Charlie Riedel, Walmart’s, “ I’m, Chromebooks Organizations: New, New York CNN, National Retail Federation, Getty, Retailers, “, ”, Shoppers, Apple, Valentine’s Locations: New York, AFP, Wells Fargo

☆ HP, Dell and Lenovo among 27 firms granted approval to manufacture tech hardware in India under incentive scheme
▼ + stars: | 2023-11-21 | by ( Sheila Chiang | ) www.cnbc.com time to read: +2 min

Chinas Realme closing in on market leaders Xiaomi, Samsung, yet hurdles loom in treacherous market where many stumbled. Under the PLI Scheme 2.0 for IT hardware, which was approved by the government in May, India will provide companies incentives for goods manufactured in the country. The Indian IT hardware market is expected to grow to $22.77 billion in 2027 from $15.52 billion in 2022. "The IT Hardware manufacturing sector faces the lack of a level playing field vis-à-vis competing nations ... There is need for a mechanism to compensate for the manufacturing disabilities vis-à-vis other major manufacturing economies," according to the ministry.

Persons: Chinas, Anindito Mukerjee, Vaishnaw Organizations: Xiaomi, Samsung, Bloomberg, Getty Images, Dell, HP, Lenovo, Asus, Ministry of Electronics, of Railways, Communications, Electronics Locations: Greater Noida, India, Indian

☆ Thailand needs targeted cash transfers rather than broad-based stimulus, says CIMB Thai Bank
▼ + stars: | 2023-11-21 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThailand needs targeted cash transfers rather than broad-based stimulus, says CIMB Thai BankAmonthep Chawla, executive vice president and head of research office at CIMB Thai Bank, names sectors in the country that are "recovering quite well," such as electronics and food.

Persons: Amonthep Chawla Organizations: Thailand, CIMB Thai Bank

☆ Mucus-Covered Jellyfish Hint at Dangers of Deep-Sea Mining
▼ + stars: | 2023-11-21 | by ( Kate Golembiewski | ) www.nytimes.com time to read: +1 min

Deep-sea mining companies have set their sights on these minerals, aiming to use them in batteries and electronics. Environmentalists warn that the mining process and the plumes of sediment it would dump back into the sea could affect marine life. A series of shipboard experiments on jellyfish in the Norwegian fjords, published Tuesday in the journal Nature Communications, offer insights into those warnings. The scientists approximated the effects of mining by pumping sediment into the jellies’ tanks, essentially asking how the animals would cope with the muddy water. The researchers selected helmet jellyfish as their research subjects because of the ubiquity and hardiness of the dinner-plate-size creatures.

Persons: ”, Helena Hauss Organizations: Nature Communications, Norwegian Research Center, Helmholtz, Ocean Research Locations: Norwegian, Ocean Research Kiel, Germany

☆ Best Buy flags weakening consumer demand heading into holiday shopping season
▼ + stars: | 2023-11-21 | by ( Savyata Mishra | ) www.reuters.com time to read: +2 min

REUTERS/Jim Young/File Photo Acquire Licensing RightsNov 21 (Reuters) - Top U.S. electronics retailer Best Buy (BBY.N) on Tuesday forecast a bigger decline in annual comparable sales and pointed to "difficult to predict" consumer demand, days ahead of Black Friday that signals the start of the holiday shopping season. "In the more recent macro environment, consumer demand has been even more uneven and difficult to predict," CEO Corie Barry said in a statement. Retailers from Lowe's (LOW.N) to Walmart (WMT.N) have warned of cautious consumer spending as the holiday shopping season gets underway. U.S. holiday sales this year are expected to grow at a slower pace, according to data from the National Retail Federation. Best Buy's third-quarter revenue fell 8.2% to $9 billion in the U.S. as demand fell again across appliances, home theater, computing and mobile phones, signaling that higher discounts failed to entice shoppers.

Persons: Jim Young, Corie Barry, Steven Zaccone, Savyata Mishra, Sriraj Organizations: REUTERS, Lowe's, Walmart, National Retail Federation, Citi, Thomson Locations: Niles , Illinois, Chicago, U.S, comparables, Bengaluru

200,149 migrants came to New York State, most of them to New York City. 200,149 migrants came to New York State, most of them to New York City. His brother-in-law, who had come to New York six months earlier, told Mr. Rodríguez there were opportunities for him in New York, and lent him money to fly here. “I didn’t want to interrupt my seven-month-pregnant wife’s rest, and we didn’t go out,” Mr. Vargas said. “Little by little we understood how to navigate the neighborhood,” Mr. Vargas said.

Persons: Milton Vargas, “, ” Mr, Vargas, Jorda Colomer, Colomer’s, Manuel Rodríguez, Gaoussou Ouattara, Eduardo Gómez, Todd Heisler, Biden, New York Times Milton Vargas, Mr, ”, Roosevelt, Rodríguez, New York Times Eduardo Gómez, Gómez, Colomer, Ms, Floyd, I’ll, it’s, New York Times Manuel Rodríguez, Rousseau, Jorda, Andrew Heinrich Organizations: New, New York Times, Port Authority, Kennedy Airport, “, Legal Aid Society Locations: New York City, U.S, New York State, United States, Nicaragua, Eagle, , Texas, New York, Texas, Venezuela, Rodríguez, San Diego, Burkina Faso, West Africa, California, Valencia, El Paso, San Antonio, Ukraine, Bronx, Central, Williamsburg , Brooklyn, Queens, Manhattan, Harlem, Mexico, Flushing , Queens, Flushing, Whitestone , Queens, Side, Midtown, Brooklyn, Milton, “

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., November 17, 2023. Big Tech stocks, which have powered most of the S&P 500's gains this year, now face an important test, with Nvidia due to report third-quarter results after markets close. Declining issues outnumbered advancers for a 2.33-to-1 ratio on the NYSE and for a 2.04-to-1 ratio on the Nasdaq. The S&P index recorded 19 new 52-week highs and no new low, while the Nasdaq recorded 24 new highs and 36 new lows. Reporting by Amruta Khandekar and Shristi Achar A; Editing by Maju SamuelOur Standards: The Thomson Reuters Trust Principles.

Persons: Brendan McDermid, Robert Pavlik, Pavlik, Lowe's Cos, advancers, Amruta Khandekar, Maju Samuel Organizations: New York Stock Exchange, REUTERS, Dow, Nasdaq, Big Tech, Nvidia, Dakota Wealth, Traders, Dow Jones, Kohl's, NYSE, Thomson Locations: New York City, U.S, China

"In the more recent macro environment, consumer demand has been even more uneven and difficult to predict," Best Buy CEO Corie Barry said. U.S. holiday sales are expected to rise at its slowest pace in five years, according to data from the National Retail Federation, as Americans are likely to pull back on holiday shopping. REUTERS/Bing Guan/File Photo Acquire Licensing RightsLast week, industry bellwether Walmart (WMT.N) warned of cautious consumer spending as the holiday shopping season gets underway. Retail executives said higher interest rates, inflation and a resumption in student loan repayments will keep consumer wallets under pressure. Still, some investors expect holiday sales starting Black Friday to hold "some positive surprises."

Persons: Corie Barry, Bing Guan, Fitch, David Silverman, Marvin Ellison, Thomas Hayes, Rachel Wolff, Ananya Mariam Rajesh, Savyata Mishra, Granth Vanaik, Juby Babu, Shounak Dasgupta Organizations: National Retail Federation, REUTERS, Walmart, Retail, Apparel, Abercrombie, Fitch, American Eagle Outfitters, Insider Intelligence, Thomson Locations: United States, SoHo, New York City, U.S, Bengaluru

☆ Best Buy cuts sales forecast, as holiday shoppers hunt for deals
▼ + stars: | 2023-11-21 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +4 min

Best Buy cut its full-year sales outlook Tuesday, as the company weathers a period of cooler demand and prepares for price-conscious holiday shoppers. Best Buy said it now expects revenue to range from $43.1 billion to $43.7 billion for the fiscal year, down from its previous range of between $43.8 billion and $44.5 billion. CEO Corie Barry said in a news release that Best Buy anticipated softer sales of consumer electronics this year. Best Buy tends to draw customers with higher incomes than the general population, which helped to prevent a deeper decline as inflation hits consumers. Shares of Best Buy closed at $68.11 on Monday.

Persons: weathers, Corie Barry, Barry Organizations: Wall, Federal Reserve, LSEG, Revenue, CNBC PRO Locations: U.S

☆ Foxconn's electric car unit falls in market debut amid tough industry outlook
▼ + stars: | 2023-11-20 | by ( ) www.reuters.com time to read: +2 min

A view of a Foxtron logo on a electric vehicle on display during the company's annual Tech Day in Taipei, Taiwan, October 18, 2022. REUTERS/Ann Wang/File Photo Acquire Licensing RightsTAIPEI, Nov 20 (Reuters) - Shares in Foxtron Vehicle Technologies (2258.TW), a unit of Taiwanese contract manufacturer Foxconn (2317.TW), fell in their market debut on Monday, hurt by concerns over headwinds in the highly competitive electric vehicle market. Foxtron shares did recover some ground from earlier losses of as much as 9%, ending down 2.7% which gave it a market capitalisation of around $2.7 billion. Foxtron is a joint venture between Foxconn - the world's largest contract manufacturer for iPhones and other consumer electronics - and local car maker Yulon (2201.TW). Young Liu, chairman of both Foxtron and Foxconn, said, however, the company has a clear strategy for growth.

Persons: Ann Wang, Foxtron, Yulon . Young Liu, Liu, Foxconn, Terry Gou, Ben Blanchard, Faith Hung, Anne Marie Roantree, Navaratnam, Edwina Gibbs Organizations: Tech Day, REUTERS, Rights, Vehicle Technologies, Mega International Securities, Yulon, Thomson Locations: Taipei, Taiwan, Rights TAIPEI, Foxconn, North America, Southeast Asia, China

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