Alibaba GroupExclusive-Huawei to expand smart car partnership with Changan to chips -sources
L Brands (NYSE:LB) stock fell 2% after the retailpany said it wasnt providing a forecast for the rest of the year because it is preparing to spin off its Victorias Secret business as its own public entity. L Brands reported first-quarter earnings and sales that topped estimates.
In corporate news, Cisco (NASDAQ:CSCO) stock is down sharply premarket after the techpany issued weaker-than-expected earnings guidance for the current quarter, and warned that supply chain issues will linger through the end of 2021.
After the bell, its rival Wynn Resorts (NASDAQ:WYNN) Ltd missed quarterly earnings and revenue estimates. Its shares were up in after-hours trading.
Alibaba GroupThe latest update on inflation expectations suggest this is unlikely to be a one and done story.
Exclusive-Huawei to expand smart car partnership with Changan to chips -sources,This marks a step closer for China to have localized manufacturing capability for the German firm s vaccine. Five domestically-developed COVID-19 vaccines are being used in the country, while no foreign ones have gained regulatory approval.
In a Sunday announcement from Geometric Energy Corporation, the company said its commercial satellite could be traveling to the moon as early as the first quarter of 2022 aboard the SpaceX Falcon 9 launch vehicle. Weighing 40 kilograms roughly 88 pounds the payload is designed to obtain lunar-spatial intelligence from sensors and cameras on-board with integrated communications and computational systems.The Dow Jones Industrial Average fell 34.94 points, or 0.1%, to 34,742.82, the S&P 500 lost 44.17 points, or 1.04%, to 4,188.43 and the Nasdaq Composite dropped 350.38 points, or 2.55%, to 13,401.86.
Bitcoin Jumps 20% In a Green DayBitcoin was trading at $41,872.7 by 09:02 (13:02 GMT) on the Investing Index on Thursday, up 20.13% on the day. It was the largest one-day percentage gain since December 7, 2017.Continue Reading on Coin Telegraph