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☆ Spending in Shenzhen: Chinese used to escape to this former British colony. Now Hongkongers are heading in the opposite direction
▼ + stars: | 2024-02-24 | by ( Chris Lau | Veronica Lin | ) edition.cnn.com time to read: +13 min

Hong Kong CNN —With Hong Kong’s sky-high cost of living, residents like Andy Tsui have been looking for alternative ways to have more fun and spend less. Rather than spending his cash in his hometown of Hong Kong, he’s been crossing the border into mainland China to splurge instead. Such trips are noteworthy because, for much of Hong Kong’s modern history, the traffic has been largely — conspicuously, even — in the other direction. Hong Kong used to be the place where Chinese would escape to, not from. In 2023, just 26 million mainlanders — about half of the 2018 crowd — visited Hong Kong.

Persons: Andy Tsui, he’s, boba, ” Tsui, Justin Robertson, Noemi Cassanelli, CNN Hong Kong’s, Hong Kong —, misbehaving, —, ”, Steve Tsang, Hong, Shenzhen’s, Hongkongers, Gilles Sabrie, Hongkonger Eddy Lam, Lam, Cherrie Leung, Qilai Shen, Hugo Sin, “, Gary Ng, John Lee, Tsang Organizations: Hong Kong CNN, CNN, Shoppers, Yuen, Britain, Newspapers, Hong, Hong Kong Immigration Department, China Institute, SOAS University, Huawei, Tencent, Bloomberg, Getty, Sam’s Club, Costco, Sam’s, Walmart, Hong Kong, Shenzhen hasn’t, Xinhua, RTHK, SOAS University of London Locations: Hong Kong, China, splurge, Peking, Shenzhen, East, Hong, People’s Republic of China, British, Beijing, London, Bay Area, San Francisco , New York, Tokyo, Kowloon, Coco, Shanghai, “, Inner Mongolia, Taiwan, Japan, Mainland China, Hong Kong’s, Britain, Canada, Australia, Bay, ”

☆ Google says Microsoft offered to sell Bing to Apple in 2018, but search-quality issues got in the way
▼ + stars: | 2024-02-24 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

Microsoft offered to sell its Bing search engine to Apple in 2018, Google said in a court filing earlier this month. In the fourth quarter, Microsoft generated $3.2 billion from search and news advertising, while Google search and other revenue totaled $48 billion. Google said in its filing that when Microsoft reached out to Apple in 2018, emphasizing gains in Bing's quality, Microsoft offered to either sell Bing to Apple or establish a Bing-related joint venture with the company. Google said Apple CEO Tim Cook sent an email to Apple executives about the assessment of Bing, but his remarks are redacted in the filing. Cue testified that "if Apple did not receive the massive payments it sought from Google, Apple would have developed its own search engine," the Justice Department asserted in its filing.

Persons: Tim Cook, Eddy, Apple's, Bing, Apple, Satya Nadella, Rob Sanderson Organizations: Apple, Allen, Co . Media, Technology Conference, Microsoft, Google, U.S . Justice Department, Bing, Safari, Justice Department, Windows, MSN, Department, Bloomberg Locations: Sun Valley , Idaho

☆ Premarket stocks: Could the Federal Reserve rule out rate cuts in 2024?
▼ + stars: | 2024-02-22 | by ( Krystal Hur | ) edition.cnn.com time to read: +6 min

Now, some are wondering if the central bank might not cut rates at all in 2024. He expects the central bank to cut rates two to four times this year. Plus, there’s no official indication that the central bank won’t cut rates this year. • If the neutral interest rate, or the rate that maintains full employment and stable inflation, is revised upward closer to 3.5%. The neutral rate should be 2.5%, based on Fed officials’ estimates for the central bank’s key interest rate, inflation and unemployment.

Persons: stoked, Stocks, won’t pare, ”, Tom Graff, Jerome Powell, Oliver Darcy, “, Eddy, Apple’s, Read, Here’s what’s, Chris Isidore Organizations: CNN Business, Bell, New York CNN —, Federal Reserve, Deutsche Bank, Fed, Deutsche Bank economists, ” Apple, Wednesday, Apple Sports, NBA, NHL, MLS, NCAA, NFL, MLB, ESPN, Labor Department, Bureau of Labor Statistics, SAG Locations: New York, America

☆ Apple launches its first sports app
▼ + stars: | 2024-02-21 | by ( Oliver Darcy | ) edition.cnn.com time to read: +2 min

The company on Wednesday launched Apple Sports, a free app for the iPhone that delivers real-time scores, key statistics, and live betting odds. At launch, users will have access to live data from the NBA, NHL, and MLS, among other leagues. On Wednesday, Apple will launch a new app. Apple has in recent years struck deals with various sports leagues, such as the MLB and MLS, to stream games on its Apple TV+ streaming service. While Apple Sports can alert users to where a game is being broadcast, it will not stream games directly inside the app, instead pointing users to the correct app to watch the action.

Persons: “, ”, Eddy, Apple’s Organizations: CNN, Apple, Wednesday, Apple Sports, NBA, NHL, MLS, NCAA, NFL, MLB, Services, ESPN, Super Bowl, Nielsen

☆ Apple just launched a new app
▼ + stars: | 2024-02-21 | by ( Jordan Hart | ) www.businessinsider.com time to read: +2 min

The app allows users to stay up to date on game scores and live sports betting odds. So far, Apple Sports has scores from the NBA, NCAA, and more. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . On Wednesday, the tech giant launched Apple Sports — a free app where users can check game scores for an array of sports leagues. Where applicable, Apple Sports users can press an Apple TV button to be taken to a stream of the game they're keeping track of.

Persons: —, Eddy, Apple's Organizations: Apple Sports, NBA, NCAA, Service, Apple, Services, Duke, CNBC, they're, MLS, NHL Bundesliga, Liga, Ligue, League Serie, NFL, MLB, WNBA

☆ Apple releases free new sports app for iPhone
▼ + stars: | 2024-02-21 | by ( Kif Leswing | ) www.cnbc.com time to read: +5 min

The app, called Apple Sports, does one thing well: show sports scores from all the major teams and leagues. Apple services chief Eddy Cue said the company designed the app to be fast and simple for multiple quick checks per day. This new app, which won't come pre-installed on iPhones, is tightly integrated with Apple's other Services apps, such as the TV app and News app. It works for sports Apple carries, as well as games on streaming services that are connected to the Apple TV app, many of which still require a cable subscription but will increasingly be available from over-the-top streamers. Apple will also have features that will allow users to follow college basketball's March Madness tournament in the app, Cue said.

Persons: Aaron Judge, Roger Maris, Eddy Cue, incentivized, there's, it's Organizations: York Yankees, Texas Rangers, New York Yankees, Globe Life, Getty, Apple Sports, Major League Soccer, Apple, Super, Major League Baseball, Golden State Warriors, New England Patriots, Apple Apple, National Football League, YouTube, CNBC, National Basketball Association . Apple, Google, Apple News, Duke, Hollywood, Sports, MLB NFL NCAA, WNBA MLS, NCAA, NHL Bundesliga, Liga, Ligue, League Serie Locations: York, Arlington , Texas, U.S, Canada

☆ Let Tesla Expand? Germans Vote No.
▼ + stars: | 2024-02-21 | by ( Melissa Eddy | ) www.nytimes.com time to read: +1 min

The NewsResidents in the German community where Tesla has its only assembly plant in Europe overwhelming rejected the company’s plan to expand its facilities, dealing a blow to the U.S. automaker and local supporters. Sixty-five percent of citizens in Grünheide who voted opted against Tesla’s proposal to clear 250 acres of forest near its plant to build a rail yard, warehouses and a day care center. The vote was nonbinding, but local officials said they would honor it by heading back to the drawing board to try to find an acceptable solution. “That is the big challenge for the community,” Arne Christiani, the mayor of Grünheide and a supporter of the expansion, told public broadcaster Inforadio rbb on Wednesday. But the company defended its plans in local media, while acknowledging “that the citizens of Grünheide have concerns in connection with the planned expansion of the site.”

Persons: Tesla, ” Arne Christiani, Inforadio rbb, “, ” Organizations: News Residents, U.S ., Inforadio Locations: Europe, Grünheide

☆ Small Businesses Sound Alarm Over Weakening German Economy
▼ + stars: | 2024-02-21 | by ( Melissa Eddy | ) www.nytimes.com time to read: +1 min

Thousands of the small and midsize companies that form the backbone of the German economy warned this week that the country was losing its edge, as the country’s central bank signaled the threat of a recession would loom over Germany in the first three months of 2024. “Every day, Germany is losing its ability to remain internationally competitive,” read an open letter to the government signed by 18 associations representing the businesses, in industries ranging from technology to trucking to taxi companies. But the sweeping statement ticked off a list of concerns facing businesses, including high energy prices, labor shortages, slow efforts to digitize the bureaucracy and high taxes. Those strains are reflected in a report released on Monday by Germany’s central bank, the Bundesbank, which said that the country’s economy, Europe’s largest, was poised to shrink in the first three months of the year. After a contraction of 0.3 percent in the final months of 2023, a second consecutive decline would land the country in a technical recession.

Organizations: Germany’s Locations: Germany, “

☆ Let Tesla Expand? Three German Teens Have a Few Thoughts.
▼ + stars: | 2024-02-19 | by ( Melissa Eddy | ) www.nytimes.com time to read: 1 min

Tesla’s hulking assembly plant outside Berlin, which opened two years ago in a community known for its forests and lakes, still rubs many residents the wrong way. They worry it threatens the quality of their water and air, and has disrupted the peacefulness that drew them to the area. Mr. Schorcht and many of his neighbors are determined to make sure that doesn’t happen. “We say, ‘enough is enough,’” Mr. Schorcht said. Their resistance campaign includes weekly hikes through the endangered forest and knocking on doors.

Persons: Tesla’s, Steffen Schorcht, Tesla, Schorcht, ’ Locations: Berlin

☆ This indoor farming company is trying to win workers over to agriculture — through desk-job benefits
▼ + stars: | 2024-02-17 | by ( Tim Paradis | ) www.businessinsider.com time to read: +6 min

Courtesy Eden GreenOne of Eden Green's aims is to remove some of the unpredictability of farming by doing it indoors in soaring greenhouses stacked with rows of greens. At its facility of nearly 83,000 square feet, Eden Green does its growing without soil, a process called hydroponics . Eden Green said it uses 98% less water and 99% less land than traditional farming. Advertisement"You can still have that agriculture job and have a full-time, steady position," they said. Eden Green's retention rate has been above 80% for the past nine months, the company said.

Persons: Stacia Lewis, Willy Wonka's, Lewis, They'd, Eden Green, Eden, Eden Green's, Eden Green's playbook, Eddy Badrina, who's, Badrina, — Organizations: Service, Business, Eden Green Technology, Eden Locations: romaine, Eden, chard, Cleburne , Texas, Cleburne, Dallas, Fort Worth

☆ Eddy Kenzo, Uganda’s first Grammy nominee, recounts his journey from sleeping on the streets to global stardom
▼ + stars: | 2024-02-15 | by ( Vanessa Offiong | Daniel Renjifo | ) edition.cnn.com time to read: +6 min

I’ve always known that I’ll make it in music because I could feel the creativity in me. But I knew that one day if I ever went into a studio, I would produce good music. Eddy Kenzo (center) pictured here in Uganda with members of the Ghetto Kids dance group, during a music video rehearsal in 2023. Eddy Kenzo, pictured here attending the 65th edition of the Grammy Awards show on February 5, 2023, became Uganda's first-ever Grammy nominee last year. A Grammy nominee is a Grammy nominee.

Persons: Miriam Makeba, Eddy Kenzo, Uganda’s, Matt B, ”, Edrisah Kenzo Musuuza, Kenzo, CNN’s Larry Madowo, Larry Madowo, I’ve, Badru Katumba, ’ I’ve, It’s, Matt Winkelmeyer, Matt, Greg Organizations: CNN, Best, Big Talent Entertainment, Uganda National Musicians Federation, Getty, EK, The Recording Academy Locations: Uganda, Kampala, AFP, Chicago, Los Angeles

☆ A millennial says her boomer mom was a 'helicopter' parent. She says she's doing the opposite with her kids.
▼ + stars: | 2024-02-15 | by ( Jane Ridley | ) www.businessinsider.com time to read: +6 min

AdvertisementWhen Michelle Curtis returned to work after her maternity leave, she thought she could rely on her mom, Marjorie Hershberg, a boomer, to watch the baby. Curtis described Hershberg as a "helicopter parent," saying the now 66-year-old had the best intentions. AdvertisementCurtis, right, with her two kids, Hershberg, center, and Curtis's sister, Laura Levenstein, left, with her two children. "There's a lot more evidence about how children are supposed to sleep," Curtis, who works in technology, said. They'll say things like, "Why can't you just let the kids sleep in the car?'

Persons: Michelle Curtis, she'd, millennials, boomer, —, Marjorie Hershberg, Hershberg, Curtis, Eddy, it's, Mom, Laura Levenstein, Maisie, Aidan, I'm Organizations: Service, Business

☆ Maybank Group Wealth Management says Malaysia is its favorite Southeast Asian market
▼ + stars: | 2024-02-09 | 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 EmailMaybank Group Wealth Management says Malaysia is its favorite Southeast Asian marketEddy Loh, chief investment officer at Maybank Group Wealth Management, says that's partly thanks to the country's economic framework and political stability.

Persons: Eddy Loh Organizations: Wealth Management Locations: Malaysia

☆ Céline Dion's eldest son attended the Grammys with her. Here's what you need to know about her 3 kids.
▼ + stars: | 2024-02-05 | by ( Olivia Singh | ) www.businessinsider.com time to read: +4 min

Dion's eldest son, René-Charles Angélil, is 23 and attended the 2024 Grammys with her. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementRené-Charles Angélil, 23, is the eldest childCéline Dion, Taylor Swift, and René-Charles Angelil at the 66th Grammy Awards. AdvertisementDion's fraternal twins, Nelson and Eddy, are 13 years oldDion gave birth to Nelson and Eddy via C-section in Florida on October 23, 2010. Dion gave Oprah Winfrey an inside look at her home life with her newborn twins a few months later.

Persons: Céline Dion, René, Dion's, Charles Angélil, Nelson, Eddy, —, Dion, René Angélil, Taylor Swift, Charles Angelil, Kevin Mazur, Charles, James Corden's, Instagram, Big Tip, Swift, Nelson Mandela, Eddy Marnay, Oprah Winfrey Organizations: Service, The Recording Academy, Montreal Gazette, South, Daily Mail Locations: Florida, René, French

☆ Boeing Finds More Problems with 737 Max, Risking Delivery Delays
▼ + stars: | 2024-02-05 | by ( Melissa Eddy | More About Melissa Eddy | ) www.nytimes.com time to read: +1 min

Boeing said that a new problem with the fuselages of some unfinished 737 jets would force the company to rework about 50 planes, potentially delaying their delivery and raising further concerns about quality control at the manufacturer and its suppliers. Stan Deal, the chief executive of Boeing’s commercial plane unit, said in a memo to employees on Sunday that a supplier last wee had identified that “two holes may not have been drilled exactly to our requirements.” It did not name the supplier. The issue was “not an immediate flight safety issue and all 737s can continue operating safely,” Mr. Deal said. He added that all 737s currently in use could continue flying. The new problems were another setback for Boeing, which has been under pressure from regulators, investors and its airline customers since Jan. 5, when a panel on a 737 Max 9 jet operated by Alaska Airlines blew out mid-flight, forcing an emergency landing and the grounding of Max 9s in the United States.

Persons: Stan Deal, ”, Deal, Max Organizations: Boeing, Alaska Airlines Locations: United States

☆ Eurozone Inflation Dips at Start of Year
▼ + stars: | 2024-02-01 | by ( Melissa Eddy | More About Melissa Eddy | ) www.nytimes.com time to read: +1 min

Why It Matters: The timing of interest rate cuts depends on dataInvestors are watching for signs that the European Central Bank will lower interest rates, which policymakers last week held at a record high of 4 percent. The numbers released on Thursday could raise expectations that rates may come down sooner rather than later. Core inflation, the rate of inflation that excludes the volatile prices of food and energy, continued its downward trend, cooling to 3.3 percent in January from 3.4 percent in December. That figure is crucial to the E.C.B., as it reflects underlying trends in prices across the eurozone. will remain cautious, he said, “and will not contemplate any rate cut before June.”

Persons: Christine Lagarde, “, Peter Vanden Houte, ” Organizations: European Central Bank, ING Locations: midyear, Germany, Europe’s

NORTH BELLMORE, N.Y. (AP) — Authorities seized about a hundred animals from a Long Island home packed with exotic species — including a giant African snail, a sulcata tortoise and a South American ostrich, advocates said Friday. The menagerie's owner was cited for 30 violations related to the illegal possession of animals, according to the advocacy group Humane Long Island. Especially not in someone’s shed or their basement,” said John Di Leonardo, the group's president and executive director. The group took custody of several dozen animals, including a five-month-old, female South American ostrich — or lesser rhea — named Eddy found in the crowded basement. Authorities said the investigation began after the man began appearing with animals at events like birthday shows and street fairs.

Persons: ”, John Di Leonardo, rhea —, Eddy, Di Leonardo, rhea, Matt Roper, Roper, ” Roper Organizations: — Authorities, Nassau County SPCA, Authorities Locations: North Bellmore, New York City, Nassau County

Morgan, who has spent the past three seasons as the Panthers' assistant GM, will oversee the personnel operation, the team announced. The team had requested interviews with eight candidates: Giants assistant GM Brandon Brown, Buccaneers assistant GM Mike Greenberg, Chiefs vice president of football operations Brandt Tilis, Eagles assistant GM Alec Halaby, Saints assistant GM Khai Harley, Ravens vice president of football administration Nick Matteo, Colts assistant GM Ed Dodds and Raiders interim GM Champ Kelly. He went on to work as director of player personnel for the Buffalo Bills before returning to the Panthers as assistant GM in 2021. A first-round draft pick in 2001, he helped the Panthers reach their first Super Bowl in 2003, anchoring the middle of the defense. He played seven seasons for Carolina set an NFL record with 25 tackles in the Panthers' Super Bowl loss to the New England Patriots on Feb. 1, 2004.

Persons: CHARLOTTE, Dan Morgan, Morgan, David Tepper, Scott Fitterer, Bryce Young, Dan, ” Tepper, ” Morgan, Tepper, Brandon Brown, Mike Greenberg, Brandt Tilis, Alec Halaby, GM Khai, Nick Matteo, Ed Dodds, Champ Kelly, Frank Reich, Matt Rhule, Ron Rivera, Chris Tabor, Steve Wilks, Perry Fewell, Ben Johnson, Frank Smith, Bobby Slowik, Dave Canales, Brian Callahan, Todd Monken, Dan Quinn, Raheem Morris, Mike Macdonald, Tabor, Ejiro Evero, Young, mightily, Sam Howell, Eddy Pineiro, ___ Organizations: The Carolina Panthers, Panthers, New York Jets, Giants, Buccaneers, Chiefs, Eagles, GM Khai Harley, Ravens, Colts, Raiders, Seattle Seahawks, Buffalo Bills, Carolina, New England Patriots, Pro, Lions, Dolphins, Cowboys, Rams, The Panthers, Cleveland Browns Locations: N.C, Alabama, Carolina

☆ Germany, Once a Powerhouse, Is at an Economic ‘Standstill’
▼ + stars: | 2024-01-18 | by ( Melissa Eddy | ) www.nytimes.com time to read: +1 min

Germany started the year with Berlin’s streets choked with tractors and farmers blaring horns in furious protest of proposed budget cuts. Then train engineers walked off the job to demand better pay, stranding commuters and carloads of freight and leaving the country angry and gridlocked. The same could be said for the state of the German economy. “The economy is at a standstill in Germany,” said Siegfried Russwurm, the president of the Federation of German Industries. “We don’t see any chance of a rapid recovery in 2024.”Since it was rebuilt after World War II, Germany has been Europe’s main driver of economic growth, becoming an industrial powerhouse known for vast factories and fine-tuned engineering.

Persons: ”, Siegfried Russwurm Organizations: Federation of German Industries Locations: Germany

An emergency landing on Friday of an Alaska Airlines Boeing 737 Max 9 jet in Portland, Ore., led the Federal Aviation Administration to order some U.S. airlines to stop using some Max 9 planes until they are inspected. The order affects about 171 planes owned by Alaska, United and other airlines. The episode also raised troubling new questions about the safety of a workhorse aircraft design dogged by years of problems and multiple deadly crashes. No one was seriously injured in Friday’s incident. The jetliner returned to the airport in Portland shortly after a chunk of the body of the plane broke off in midair, leaving a door-size hole in the side of the aircraft.

Persons: jetliner Organizations: Alaska Airlines Boeing, Max, Federal Aviation Administration Locations: Portland ,, Alaska, United, Portland

☆ Wall Street’s new e-commerce darling just overtook Alibaba in market cap — one analyst says it's a 'standout growth stock'
▼ + stars: | 2023-12-05 | by ( Sheila Chiang | ) www.cnbc.com time to read: +4 min

PDD's current market capitalization is nearly $190 billion, compared to Alibaba's market capitalization of $185.8 billion, LSEG data showed. PDD posted 94% growth in third-quarter revenue from a year earlier, far outpacing Alibaba's 9% growth during the same period. Analysts say that consumers increasingly looking for bargains in the face of economic uncertainties have helped boost PDD's growth domestically and internationally. "PDD's strong 3Q23 results imply both sustainable market share expansion of its domestic e-commerce business and strong growth momentum of ... Temu," they told clients. PDD "remains a standout growth stock" amid a broader base economic slowdown in China, wrote The Benchmark Company in a Nov. 29 report.

Persons: Morgan Stanley, PDD, Morgan Stanley Morgan Stanley, Eddy Wang, Kathy Zhu, Gary Yu, Temu's, Temu, Andre Chang, Alex Yao, Nancy Liu, Morningstar Morningstar, Chelsey Tam, Fawne Jiang, Long Lin Organizations: PDD Holdings, Investment, JPMorgan, Morningstar, Alibaba, PDD's Nasdaq, JPMorgan JPMorgan, China Internet, Morningstar Asia, Company Locations: China, 4Q23, U.S, Europe, Australia, New Zealand, Morningstar Morningstar Asia, Temu

☆ Why this investor thinks most founders should try ayahuasca
▼ + stars: | 2023-12-04 | by ( Tim Paradis | ) www.businessinsider.com time to read: +6 min

That's the assessment from one venture capitalist, who recently tried ayahuasca for the first time. Investor Eddy Vaisberg, 33, told Business Insider ayahuasca could help founders gain better insights into themselves and others — and boost their creativity. It wasn't ayahuasca on its own that shifted Vaisberg's compass, he said. Evans, 46, got into the work after he first tried ayahuasca about a decade ago at a yoga studio in Brooklyn. AdvertisementThat was around the time he first tried ayahuasca.

Persons: —, Aaron Rodgers, Harry, Eddy Vaisberg, he's, Elon Musk, Joe Rogan, Ayahuasca, He's, Vaisberg, it's, Brandon Evans, Evans, He'd, ayahuasca, New York —, they're, hadn't, didn't Organizations: Service, New York, who's Locations: Costa Rica, ayahuasca, Brooklyn, New York City, New, 1heart

☆ Alibaba dips on MS downgrade as PDD grabs spot of most valuable Chinese e-commerce firm
▼ + stars: | 2023-12-01 | by ( ) www.reuters.com time to read: +2 min

Meanwhile, shares of PDD Holdings (PDD.O) have surged this week following stellar quarterly results from the Temu parent. The company closed with a market capitalization of nearly $196 billion on Thursday, surpassing Alibaba's market value of $190.45 billion. They also noted uncertainties from Alibaba's decision to scrap the spin-off of its cloud business. Morgan Stanley cut its price target on the stock to $90 from $110, the second lowest among analysts, as per LSEG data. PDD shares were down 2.1% at $144.4 but have surged almost 80% in 2023, handily outperforming its peers.

Persons: Dado Ruvic, Morgan Stanley, PDD, Alibaba, Morgan Stanley's Eddy Wang, Sruthi Shankar, Sriraj Organizations: REUTERS, Alibaba, PDD Holdings, Wall, Vipshop Holdings, Thomson Locations: China, Alibaba's, Bengaluru

Bernstein named Taiwan Semiconductor a "best idea" for 2024, raising its price target on the stock. — Alex Harring 7:01 a.m. In addition to the best-pick honor, analyst Steve Scala has an outperform rating and $86 price target. Analyst Michael Lavery downgraded the stock to neutral from overweight and slashed his price target by $40 to $200. ET: Morgan Stanley hikes PDD price target, calls stock a top pick following earnings Morgan Stanley named Chinese e-commerce name PDD Holdings a top pick following its latest quarterly earnings report.

Persons: Bernstein, Morgan Stanley, LSEG, Bank of America's Tal Liani, Morgan Stanley's Hamza Fodderwala, Alex Harring, Craig Siegenthaler, Blackstone, That's, — Alex Harring, Ken Hoexter, Hoexter, TD Cowen, Steve Scala, Scala, Jefferies, John Colantuoni, bode, Colantuoni, Neil Beveridge, Josh Silverstein, Silverstein, JMP, Baldwin, Mitch Germain, Germain doesn't, Germain, Piper Sandler, Michael Lavery, Lavery, elasticities, HSY's, Hershey, Eddy Wang, Wang, Mark Li, Li, — Fred Imbert Organizations: CNBC, Taiwan Semiconductor, Holdings, Wall, Bank of America, Bank of America's, KKR, Apollo Global Management, Pacific, Transport, AstraZeneca, pharma, Airbnb, Toyota, UBS, Exxon Mobil, Natural Resources, Exxon Mobil's, Hershey, PDD, U.S, LSEG, Commerce, PDD's U.S, Apple, Huawei Locations: Tuesday's, Ivory Coast, Ghana, 4Q23, Taiwan, China

☆ Tesla Sues Swedish Transport Agency in Dispute Over License Plates
▼ + stars: | 2023-11-28 | by ( Melissa Eddy | More About Melissa Eddy | ) www.nytimes.com time to read: +1 min

Tesla sued Sweden’s Transport Agency on Monday over a strike by postal workers that has blocked delivery of license plates for Tesla cars, the latest escalation of a widening battle between Sweden’s labor unions and the U.S. manufacturer of electric vehicles. A month ago, mechanics at seven Tesla-owned repair shops in Sweden walked off their jobs. Dockworkers, electricians, painters and postal employees have all joined the strike, refusing to provide the company with their services. Last week, some 50 metalworkers at a factory that produces aluminum parts for Tesla’s factory in Germany walked off the job. On Nov. 20, postal workers joined the action, refusing to deliver any mail or packages to Tesla’s facilities, including the license plates.

Persons: Tesla Organizations: Sweden’s Transport Agency, IF Metall Locations: U.S, Sweden, Tesla’s, Germany

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