NextNav And Bosch Sensortec Partner to Elevate Barometric Sensor Performance for Smartphones, Wearables, Airborne Vehicles and Other Devices
NextNav to Present at Oppenheimer’s 5G Summit
Morgan Stanley warns: the continued rise in international oil prices may lead to the collapse of demand.
Original title: Morgan Stanley warned: continued rise in international oil prices may lead to demand collapse on Tuesday, Brent prices once exceeded 80 US dollars per barrel, reflecting the tightening of global markets caused by rising demand and rising natural gas prices. The rise in energy prices this month has led to speculation that OPEC and its allies may ease production cuts more quickly. With winter approaching and gas shortages in Europe, the demand outlook looks optimistic. But some experts warn that damage to demand could be imminent as prices rise. Morgan Stanley pointed out in his report in June that oil prices have been out of line with the marginal cost of supply, on the contrary.
Singapore's property market has cooled down due to a new epidemic without government intervention.
Ravi M.G.K. Menon, director of Singapore's Monetary Authority, said at the end of last month that the authorities were "highly vigilant" against rising house prices. The move follows a sharp rebound in Singapore's property market from the downturn in the early stages of the epidemic, sparking speculation that the government may take cooling measures for the first time since 2018. However, such measures are no longer necessary because of a new wave of outbreaks. Data released by Singapore's Urban Renewal Authority on Friday showed that house price growth in Singapore slowed in the second quarter as epidemic restrictions prevented the launch of new buildings and limited the number of people who could visit apartments.
Auto parts giant Magna buys Swedish Veoneer for $3.8 billion
Canadian auto parts giant Magna International announced on Thursday that it will buy Swedish rival Veoneer for about $3.8 billion in cash to help expand its driver assistance technology business. Based on Thursday's closing price, Veoneer's market capitalization is about $2.23 billion. Magna will pay $31.25 per Veoneer share. Stockholm-based Veoneer will merge with Magna's existing advanced driving assistance business. The deal has been approved by the boards of directors of both companies and is expected to be completed by the end of this year.
Ark funds increase holdings of Ping an good doctors and reduce their holdings of BYD
According to the latest trading report, (ETF), an exchange-traded fund managed by, Cathie Wood's Ark Investment Management, bought 973700 shares of Ping an good Doctor. ETF, owned by Ark, also bought 271353 shares of Quantum-Si and 90811 shares of UiPath. The fund sold 123982 BYD ADR,60983 shares, Pure Storage shares, 49049 Pluristem Therapeutics shares and
Direct investment of global sovereign wealth funds nearly doubled to US$65.9 billion last year
According to a report released on Tuesday, the direct investment scale of global sovereign wealth funds almost doubled in 2020 to 65.9 billion US dollars, a large part of which was invested domestically, as these funds tried to mitigate the impact of the COVID-19 crisis on the country's economy. According to the report of the Sovereign Wealth Funds International Forum (IFSWF), based on publicly disclosed direct investment information, savings funds invested less than sovereign development funds and hybrid funds for the first time. Savings funds usually provide long-term financial returns by investing in markets, while development funds focus more on helping develop the country's economy, and hybrid funds have more than one task.
Reserve Bank of Australia: the economy is expected to need significant monetary support for some time
The RBA believes it is years away from meeting its inflation and unemployment targets, so it expects the economy to still need "very significant" monetary support for some time, according to the minutes of the RBA meeting in February. The bank expanded its quantitative easing programme at its February meeting. "the bond buying programme has helped lower interest rates and pushed the exchange rate lower," the Reserve Bank of Australia said in minutes released in Sydney on Tuesday. "in view of this, it is too early to consider withdrawing monetary stimulus." The Australian dollar edged higher at 0.7793 against the US dollar after the minutes were released. Two weeks ago, the Reserve Bank of Australia announced its quantitative easing
Volkswagen accuses suppliers of underestimating the recovery in the auto market and exacerbating chip short
Volkswagen said on Monday that poor planning from its suppliers had exacerbated chip shortages that had worsened the global auto industry, saying it had told the suppliers that the impact of COVID-19 's epidemic on car production would be limited. A Volkswagen executive, who spoke on condition of anonymity, said the company told its suppliers as early as April last year that it expected a strong recovery in car production in the second half of 2020, when most of the world's car production was suspended because of the epidemic. Volkswagen said it learned about the chip shortage from a supplier at the end of November, but it was too late. "if the supplier doesn't believe us,
Jaguar Land Rover to be fully electrified in 2030
British luxury carmaker Jaguar Land Rover said on Monday that it plans to fully electrify its Jaguar brand by 2025 and to achieve the same goal by 2030. The company said its Land Rover brand would launch six all-electric models in the next five years, with the first in 2024. Jaguar Land Rover said it would retain all three of its factories in the UK to achieve its goal of electrification. "it's time to rethink the next chapter for these two brands," said Thierry Thierry Bollore, the company's chief executive.
Pinduoduo rose more than 5%. Citi raised its target price to $210 and gave it a buy rating.
As of press time, Pinduoduo rose 5.41% to US $183.37. Citi raised its target price for Pinduoduo to $210 from $158and its rating to buy from neutral, saying its strong growth in GMV would outstrip the increase in operating costs.
Biomedical stocks have been built well, and Cassava Sciences has risen by more than 80%.
Us biomedical stocks were well built, and Cassava Sciences rose more than 80%, and Cassava Sciences rose more than 65%, nearly 20%, and more than 6%, after Reddit users announced on the WSB forum that they would "switch to the biomedical battlefield."