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AdvertisementOn March 30, Ukrainian forces near Tonenke, west of Avdiivka, appeared to have won a bigger victory, fighting off a battalion-sized Russian mechanized assault. Related storiesThen, on April 3, geolocated footage cited by ISW showed Ukrainian forces a platoon-sized mechanized assault near Terry. Mud and the potential for more weaponsThere are a few different potential explanations for the sudden spike in mechanized assaults, war experts say. But these mechanized assaults could also be timed to make the most of Ukraine's current struggles, the think tank's analysts said. AdvertisementAs ISW analysts noted in their reporting on the March 30 defeat of a Russian mechanized assault, "Ukrainian forces may have had to expend a significant amount of material to defend against the Russian assault."
Persons: , ISW, Jose Colon, Volodymyr Zelenskyy, Mike Johnson, Kurt Campbell Organizations: Service, Business, Institute for, Washington DC, 25th Airborne Brigade, Russian, Anadolu, Getty, NATO Locations: Ukraine, Washington, Lyman, Bakhmut, Ukrainian, Tonenke, Avdiivka, Donetsk Oblast, Russia, Terry, Russian, House, Moscow
Read previewUkrainian forces in a priority section of the front line near Avdiivka appear to have defeated a large Russian mechanized assault involving tanks and fighting vehicles over the weekend. Footage shared by Ukraine showed some of the assault, including Russian tanks being destroyed by anti-tank guided missiles, according to open-source intelligence accounts on social media. On Saturday, Russian forces attempted a sizeable armored assault west of Tonenke, Donetsk Oblast. AdvertisementAs Ukraine's forces fell back from Avdiivka, Russia pushed forward, exploiting weak or limited Ukrainian defenses for gains. The recent win may have come at a cost for Ukraine, ISW noted, saying that "Ukrainian forces may have had to expend a significant amount of material to defend against the Russian assault."
Persons: , Avdiivka, ISW, Russia hasn't, Joe Biden, Vlada, Mike Johnson Organizations: Service, Business, Institute for, 6th Tank Regiment, 25th Airborne Brigade, 90th Tank Division, Armored Infantry, Fox News, Congress, Ukraine Locations: Avdiivka, Russian, Washington, Ukrainian, Tonenke, Ukraine, Donetsk Oblast, Russia, Avdiivka district, underprepared
(This is CNBC Pro's live coverage of Tuesday's analyst calls and Wall Street chatter. Meanwhile, Goldman Sachs noted Tesla and Rivian need to be careful when cutting prices. He increased his price target by $20 to $220, however, suggesting shares could shed 7.4% from Monday's close. Baird's $1,050 price target suggests shares can still climb more than 23%. His Tesla target of $220 implies upside of 17%, while his $13 forecast on Rivian points to a 19% gain from here.
Persons: Baird, Goldman Sachs, Tesla, Williams, Anthony Chukumba, Chukumba, — Pia Singh, Ranjan Sharma, Sharma, Morgan Stanley downgrades Sunnova, Morgan Stanley, Andrew Percoco, Percoco, Tristan Gerra, Gerra, Goldman, Mark Delaney, Delaney, Fred Imbert Organizations: CNBC, Nvidia, JPMorgan, Free Fire, NOVA, Amazon, Meta, Google Locations: Williams, Sonoma, Monday's, Tuesday's premarket
Learn moreLooking for help on how to watch the Abu Dhabi F1 live stream for free? For anyone outside the free live stream countries listed below, geo-restrictions will block you from watching online unless you use a VPN to unlock them. Where to Watch a free Abu Dhabi F1 live streamThis weekend's simplest option for a free F1 live stream is using a VPN to tune into one of the free European streams mentioned above. Turn it on and set it to a country with a free live stream. Sling TV Subscription Sling is one of the most affordable live TV streaming services around.
Persons: we've, Alonso, Sainz, Leclerc, Russell aren't, We've, ExpressVPN, you'll, it's Organizations: Abu Dhabi, Abu, BBC, RTL, AWST, US ESPN, ESPN, Pro Locations: Abu Dhabi, Orf1, Austria, Belgium, Luxembourg, TV's
CFOTO | Future Publishing | Getty ImagesTikTok Shop is a rising threat to major e-commerce players such as Shopee and Lazada in Southeast Asia. TikTok Shop is the e-commerce marketplace of short video app TikTok, which is owned by Chinese tech giant ByteDance. In 2022, TikTok Shop expanded to six Southeast Asian countries — Singapore, Malaysia, Indonesia, the Philippines, Vietnam and Thailand. TikTok is "focused on the continued development of TikTok Shop in Southeast Asia," said the spokesperson. To incentivize sellers to join the platform, TikTok Shop waived commission fees when it launched in Singapore in August.
Persons: TikTok, Shopee, Shawn Yang, Shop's, Sachin Mittal, Lazada's GMV, Jonathan Woo, Lazada, Shou Zi, Woo, bode Organizations: Blue Lotus Research Institute, Sea Group, DBS Bank, CNBC, Intelligence, Phillip Securities Research, TikTok, U.S, Merchants, SG, Phillip Securities Locations: Southeast Asia, India, Singapore, Malaysia, Indonesia, Philippines, Vietnam, Thailand, Southeast, GMV, U.S, Statista, Brazil, China, U.S ., Montana, Texas, Nomieo
Singaporean tech firm Sea's profit miss sparks share selloff
  + stars: | 2023-05-16 | by ( ) www.reuters.com   time to read: +2 min
May 16 (Reuters) - Singaporean tech firm Sea Ltd (SE.N) missed first-quarter profit estimates on Tuesday, as its digital entertainment revenue halved and it took a one-time charge of more than $100 million. Sea shares dropped 12.5% to $77.05 and headed for their worst day in six months, dulling this year's strong gains booked on a cost-cutting plan involving thousands of job cuts, the closure of some operations and a lower marketing budget. The company's operating expenses fell by more than a fifth in the quarter ended March 31, with marketing spends down 60.2%. It helped Singapore-based Sea report a profit of $87.3 million, compared with a loss of $580.1 million a year ago. It also missed estimates of $3.07 billion.
Singapore's Sea Group turns profitable for the first time
  + stars: | 2023-03-08 | by ( Sheila Chiang | ) www.cnbc.com   time to read: +5 min
Sea Limited's e-commerce arm, Shopee, turned positive adjusted EBITDA for the first time in the fourth quarter of 2022. The group also posted its first-ever positive net income in the quarter. The chairman and group CEO of Sea Limited, said on Tuesday that 2022 was "another year of evolution for us." Shopee and SeaMoneyMeanwhile, e-commerce business Shopee and digital payments arm SeaMoney continued to see strong growth in 2022. Positive EBITDA, or earnings before interest, taxes, depreciation and amortization, refers to the company operating at a profitable level.
"Russia understood that Ukraine has a powerful energy system, and therefore ... attacked distribution substations, which connected (different) regions," Podolyak said. He also ruled out retaliatory strikes on Russian energy infrastructure. Power has been restored to more than 4,000 towns and villages since the strikes, Shmyhal said, but warned of difficult times ahead. "We are planning to make more candles and order more materials because of these blackouts," she said. Register now for FREE unlimited access to Reuters.com RegisterReporting by Stefaniia Bern, Max Hunder, Jonathan Landay; writing by Matthias Williams.
Register now for FREE unlimited access to Reuters.com RegisterBENGALURU, Sept 27 (Reuters) - India's financial crime fighting agency on Tuesday searched the premises of Coda Payments India as part of a money laundering probe into the fintech firm and Sea Ltd's (SE.N) Free Fire. Coda enables cross-border payments for games and other digital products, including Garena Free Fire, Teen Patti Gold, and Call of Duty. Register now for FREE unlimited access to Reuters.com RegisterThe ED also froze all Coda's accounts, which had a total balance of 685.3 million Indian rupees ($8.40 million). Coda Payments and Sea did not immediately respond to emails seeking comment. Register now for FREE unlimited access to Reuters.com RegisterReporting by Nishit Navin in Bengaluru and Munsif Vengattil; Editing by Anil D'Silva, Kirsten DonovanOur Standards: The Thomson Reuters Trust Principles.
Today, Li is the billionaire CEO of NYSE-listed Sea Limited, which owns 100% of Shopee as well a gaming unit called Garena. Amid these growing losses, Sea Limited revised and then dropped its ecommerce revenue guidance for the year. In the fourth quarter of 2021, Shopee expected ecommerce revenue in 2022 to fall between $8.9 billion and $9.1 billion. Sea Limited posted revenues of $414 million in 2017, which ballooned to almost $10 billion in 2021. However, Sea Limited has been posting losses for the past few quarters, so that option is not viable in the short-term.
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