Stocks News

US Manufacturing & Services sectors grow in April, optimism tempered by inflation & shift to services.

Unemployment Claims Rise by 5,000, Reaching 245,000, Slightly Higher than 240,000 Forecast

Shares in electric vehicle makers Tesla dropped 4% after the company reported first-quarter earnings after the bell.

Single-family housing starts saw a small increase in March, but overall building permits and housing starts were down.

MUMBAI (Reuters) – About 200 Apple fans hoping to be among the lucky few to enter the tech giant’s first retail store in India gathered from early on Tuesday outside the shop in the commercial capital of Mumbai.

(Reuters) – French energy company TotalEnergies’ variable cost margin for European refineries jumped to $87.8 dollar per tonne in the first quarter, the company said in a preliminary release of main indicators on Tuesday.

(Reuters) – Japan’s Nissan Motor Co Ltd on Tuesday unveiled a new electric sport-utility vehicle as it highlighted its commitment to the Chinese market.

TOKYO (Reuters) – Japanese retailer Seven & i Holdings Co said on Tuesday it will oppose a board proposal by activist investor ValueAct Capital.

SHANGHAI (Reuters) – Global automakers, including Toyota and Volkswagen, took the stage at the Shanghai auto show on Tuesday with built-for-China and electric-drive products to compete for a high-stakes comeback in the world’s largest market.

By Arathy Somasekhar (Reuters) – Oil prices held steady in early trading on Tuesday after falling 2% in the previous session, with markets awaiting the release of economic data in China, looking for signs of economic recovery and growth to offset weakening demand elsewhere.

SEOUL (Reuters) – J-Hope, a member of Grammy-nominated K-pop boy band BTS, will begin his mandatory military service in South Korea on Tuesday, local media reported, the second member of the group to do so.

By Scott Murdoch SYDNEY (Reuters) – Asia’s share markets were in a cautious mode on Tuesday as global investors waited to see whether China recorded a first quarter bounceback from its punishing pandemic lockdowns that led to a major economic slowdown.

By Kane Wu and Julie Zhu HONG KONG (Reuters) – State-owned China Mobile Ltd is exploring a potential buyout of Hong Kong’s leading telecoms company HKBN Ltd, which is currently valued at $1 billion, four people with knowledge of the matter said.

SHANGHAI (Reuters) – Japanese automaker Nissan Motor aims to have seven electric vehicle (EV) models by 2026 and 80% of its line-up to be electric by 2030, chief operating officer Ashwani Gupta said on the sidelines of the Shanghai auto show on Tuesday.

By Medha Singh and Lisa Pauline Mattackal

STOCKHOLM(Reuters) – Truck-maker Scania and battery producer Northvolt on Tuesday said they had developed an electric battery with a lifetime equivalent to that of a truck.

A look at the day ahead in European and global markets from Kevin Buckland

TAIPEI (Reuters) – Terry Gou, the billionaire founder of major Apple Inc supplier Foxconn, has no plan for now to visit China, he said on Tuesday, in his bid to become the presidential nominee of Taiwan’s main opposition party.

SHANGHAI (Reuters) – Chinese electric vehicle (EV) maker Li Auto Inc aims to build more than 3,000 charging stations across China by 2025, it said at the Shanghai autoshow.

(Reuters) – Taiwan will buy as many as 400 U.S. land-launched Harpoon missiles in the face of rising threat from China, Bloomberg News reported on Monday, citing a trade group’s leader and people familiar with the issue.