BYD Shares Face Earnings Test as China’s EV Price War Heats Up
After getting a jump on competitors in the latest round of China’s electric-vehicle price war, BYD Co. now faces a key test of proving that it can withstand the impact on profits.
After getting a jump on competitors in the latest round of China’s electric-vehicle price war, BYD Co. now faces a key test of proving that it can withstand the impact on profits.
The risk-on momentum in technology stocks last week wasn’t lost on hedge funds, who scooped up the sector’s companies at the fastest clip in more than a year.
Mining giants BHP Group and Vale SA offered to pay Brazil about $25.7 billion in total compensation for a 2015 tailings dam disaster at their joint-venture iron ore complex.
Domino’s Pizza Inc.’s same-store sales in the US exceeded first-quarter expectations, a promising sign for the company’s continued turnaround.
The US Supreme Court rejected an appeal from Elon Musk in his “Twitter sitter” case, leaving intact his agreement with the Securities and Exchange Commission to have an in-house lawyer pre-approve his social media posts about Tesla Inc.
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