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Rimac, which is part-owned by Porsche AG, is in the process of ending a joint venture with Chinese battery producer Camel Group, the Croatian sports car maker said on Friday. The United States last year banned goods made by two China-based companies, including Camel, as part of efforts to eliminate alleged forced labour from the U.S. supply chain. "The Rimac Group has taken note of the allegations regarding forced labor practices linked to one of our investors, Camel Group," the Croatian company said in e-mailed comments.
With so much focus on Nvidia (NVDA), investors may be missing out on some other spectacular plays for their portfolio. In addition, some analysts warn that it may not be a good idea to focus on one sector or stock too heavily. GLOBALT Investments Senior Portfolio Manager Keith Buchanan joins Yahoo Finance to discuss the broadening market rally and alternative stock plays for investors to add to their portfolio, other than Nvidia. Buchanan explains why one of his top picks is Walmart (WMT): "Call me old fashioned, I like execution and that's what Walmart has proven time and time again. In the heart of the pandemic, coming out of the pandemic, they were able to keep prices ahead of inflation, now inflation is starting to turn down lower. The Vizio (VZIO) purchase... is really an example of where they see the corporation 10 years from now." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino
Morningstar stock jumped to new highs after fourth quarter results. iShares ETFs owner BlackRock also hit a new high.
A fire destroyed two residential buildings in the Spanish city of Valencia, killing at least 10 people and injuring several others, according to local authorities. Photo: Jose Jordan/Agence France-Presse/Getty Images
Carvana late Thursday gave stronger-than-expected earnings guidance for the current quarter, signaling a rebound in used-car sales. Carvana stock rocketed Friday above a buy point. The online used-vehicle retailer turned in a "fundamentally mixed" report for the fourth quarter, analyst Brad Erickson of RBC Capital Markest said in a note to clients Friday.
S&P currently has a 'BBB+' - investment grade - rating on the firm, whose stock has lost about a fifth of its value this year in the face of weak revenue growth and a $15.63 billion debt load as of September that was more than its total assets. "We believe FOCF (free operating cash flow) will be weaker than historical levels because the significant cash flows from the linear TV businesses will degrade rapidly as pay-TV subscribers continue to decline and advertisers migrate spending to streaming platforms," the ratings agency said. Paramount Global's shares were down 5% on Friday as rival Warner Bros Discovery reported bigger-than-expected quarterly loss due a weak advertising market and the impact of Hollywood strikes.
TORONTO, February 23, 2024--Cricket Canada and Coca-Cola Canada today announced that both groups have entered into a new partnership that will see Coca-Cola become the official beverage sponsor – and BODYARMOR the Official Sports Drink – of Cricket Canada. This agreement marks a significant milestone in the overall growth and development of cricket in the country.
Social media platform Reddit has diversified its assets by investing in cryptocurrencies Bitcoin and Ethereum, as revealed in its IPO filing.
On a high-level mission in Nigeria this week, Education Cannot Wait (ECW) Executive Director Yasmine Sherif, accompanied by high-level representatives from the Governments of Germany and Norway, announced a planned US$15 million allocation to renew the ECW Multi-Year Resilience Programme in the North-East of the country. The funding is subject to ECW's Executive Committee approval.
