EXCLUSIVE: REE Partners with Penske to Launch P7-C EV Trucks, Enhancing Fleet Electrification Options

Insider Monkey
Forget Magnificent Seven: Hedge Funds are Pouring Money Into This Utility Stock to Cash In On AI Boom
We recently analyzed the top utilities stocks hedge funds are buying to profit from the AI-led boom in the industry. Since Vistra Corp. (NYSE:VST) was part of the list, the stock deserves a deeper look. But first, let’s see why everyone’s taking about AI catalysts for utilities stocks these days. The AI revolution that started with […]
Fortune
Elon Musk earns praise from Nvidia co-founder Jensen Huang ahead of shareholder vote on pay package—‘Tesla is far ahead in self-driving cars’
The ringing endorsement from Huang comes amid Musk's recent pivot to AI as the Tesla boss quietly scrapped his vision of growing volumes over tenfold to 20 million EVs a year by 2030.
MediaOutReach
VinFast signs UAE exclusive dealership agreement with Al Tayer Motors
HANOI, VIETNAM - Media OutReach Newswire - 27 May 2024 - VinFast Auto has officially signed an exclusive dealership agreement with one of the UAE's premier automotive dealerships, Al Tayer Motors, for the distribution of VinFast electric vehicles (EV) in the country. The inaugural facility is planned to open in 2024 and will initially retail four VinFast e-SUV models, VF 6, VF 7, VF 8, and VF 9, at launch. Mr. Ta Xuan Hien, CEO of VinFast Middle East (fourth from the left), and Mr. Saeed Al Taye
Reuters
Brazil surpasses Belgium as top export market for Chinese EVs, hybrids, data shows
Brazil has overtaken Belgium as the largest export market for Chinese new energy vehicles, industry data showed, as Chinese carmakers increase sales to non-European markets amid European Union's anti-subsidy probe into Chinese electric vehicles. Exports of pure electric and plug-in hybrid cars to Brazil soared 13-fold year-on-year to 40,163 units in April, making it the biggest export market for a second straight month, according to data from the China Passenger Car Association (CPCA).
Reuters
Analysis-China gears up to make a deal with Europe as EV tariffs loom
The European Commission's expected move to hike tariffs on Chinese electric vehicles is set to kick off a round of talks that Chinese executives hope will soften the blow for the world's biggest EV industry. But both Europe and China have reasons for wanting to strike a deal. China’s EV industry needs profitable exports to the world's third-largest economy to counter falling margins at home, while German automakers want access to China's auto market and EV partnerships to drive costs down.
Reuters
Exclusive-India's Reliance to buy Russian oil in roubles, sources say
India's Reliance Industries, operator of the world's biggest refining complex, has signed a one-year deal with Russia's Rosneft to buy at least 3 million barrels of oil a month in roubles, four sources aware of the matter told Reuters. The shift to rouble payments follows Russian President Vladimir Putin's push for Moscow and its trading partners to find alternatives to the Western financial system to facilitate trade despite U.S. and European sanctions. A term deal with Rosneft also helps privately run Reliance to secure oil at discounted rates at a time when the OPEC+ group of oil producers is expected to extend voluntary supply cuts beyond June.
Reuters
Apple's iPhone sales in China jump 52% in April, data shows
Apple's smartphone shipments in China rose 52% in April from a year ago, extending a rebound seen in March, according to data from a research firm affiliated the Chinese government. The jump follows a weak performance by the U.S. tech giant in the world's biggest smartphone market earlier this year amid intensifying competition in the high-end smartphone category from local rivals like Huawei. Shipments of foreign-branded phones in China increased by 52% in April to 3.495 million units from 2.301 million a year earlier, data from the China Academy of Information and Communications Technology (CAICT) showed on Tuesday.
Reuters
Oil up on OPEC+ meeting, summer driving season and weaker US dollar
NEW YORK (Reuters) -Oil prices gained more than $1 a barrel on Tuesday on the expectation that OPEC+ will maintain crude supply curbs at its June 2 meeting, while the start of U.S. summer driving season and a weaker dollar also boosted the commodity. Brent crude futures for July delivery settled up $1.12, or 1.4% at $84.22 a barrel. U.S. crude ended at $79.83 a barrel, gaining $2.11, or 2.7% from Friday's close, having traded through Monday's U.S. mark Memorial Day holiday without a settlement.
Reuters
Explainer-Why does OPEC+ often clash over oil production capacity?
OPEC+ is working to agree oil production capacity for its member countries by the end of 2024, an issue that has created tensions in the past because each nation's output target is calculated from its notional capacity. Members of OPEC+ - comprising OPEC and allies such as Russia - tend to push for higher capacity to get higher output targets after the percentage cut required by the group is factored in. OPEC+ has been curbing output to support prices.
Simply Wall St.
3 High Performing Indian Dividend Stocks Yielding Up To 6.4%
The Indian market has shown robust performance recently, with a 1.7% increase in the last week and an impressive 45% climb over the past year. In this context of strong growth and positive earnings forecasts, dividend stocks can be particularly appealing for investors looking for both stability and income.
Reuters
Analysis-Airfares peaking as travellers in Europe, Asia seek savings
Airfares in Europe and Asia are starting to plateau or fall in a sign that a prolonged post-COVID travel boom is waning, delivering a setback for airlines struggling with higher costs and limited aircraft availability. Budget carrier Ryanair's CEO Michael O'Leary this month warned ticket prices would grow less than expected, sending European airline shares down. "It is a bit surprising that pricing hasn't been stronger and we're not quite sure whether that's just consumer sentiment or recessionary feel around Europe," O'Leary said.
Reuters
UPS to make some parcel-tracking tags in India, executive says
United Parcel Service, the world's biggest parcel delivery firm, is in talks with several Indian state governments to make some of the tags used in tracking packages in the Asian country, a senior executive told Reuters on Wednesday. Semiconductor manufacturing is among Prime Minister Narendra Modi's key business agendas as he pursues an ambition of making the country a chipmaker for the world, even though the Indian government faced setbacks in its initial bid to offer $10 billion in incentives to the industry. "We are working with potential partners ... What we are trying to do in India is leverage the semiconductor investments the government is making," Chief Digital and Technology Officer Bala Subramanian said in an interview.
CNN Business
China is pumping another $47.5 billion into its chip industry
China is setting up its largest-ever state investment fund for the semiconductor industry amid rising tensions with the US over the technology.
Simply Wall St.
Three Swedish Dividend Stocks Offering Yields From 4% To 5.9%
As global markets experience mixed signals with varying performances across major indices, Sweden's market continues to offer intriguing opportunities for dividend-seeking investors. Amidst this landscape, selecting stocks that not only provide attractive yields but also demonstrate stability and growth potential becomes crucial for those looking to enhance their investment portfolios.
Simply Wall St.
3 High Insider Ownership Growth Companies On Chinese Exchange With Up To 33% Revenue Growth
As global markets navigate through varying economic signals, China's recent initiatives aimed at stabilizing its housing sector reflect broader efforts to support economic stability. In this context, examining growth companies with high insider ownership on Chinese exchanges offers insights into entities potentially poised for robust performance amidst these strategic economic measures.
Simply Wall St.
Exploring Shan Xi Hua Yang Group New EnergyLtd Among Three Leading Dividend Stocks
As global markets navigate through varying economic signals, China's recent initiatives to stabilize its property sector reflect a broader effort to bolster economic stability. Amid these developments, dividend stocks like Shan Xi Hua Yang Group New Energy Ltd offer investors potential resilience and steady income in a fluctuating market environment.
NextShark
US TikToker sparks debate after ranking Singapore 'worst' of 7 Asian countries he visited
An 18-year-old American TikToker living in Thailand has sparked a debate after ranking Singapore last on a list of seven Asian countries he had visited. TikToker @zakattackcalii, who has nearly 117,000 followers on the platform, recently shared his ranking of the seven Asian countries he had visited in the past five months. The teen recommended Malaysia over Singapore, describing it as "very similar but 10 times better."
BBC
Singapore Airlines: 'Turbulence landed five of my family in ICU'
A week on, passengers and family reveal to the BBC what happened on flight SQ321.
The Telegraph
Ukraine knows it is finished
While politicians in Britain pontificate, a thousand miles away, outside the city of Kharkiv, Ukraine’s war with Russia is intensifying. Kyiv has been forced to redirect thousands of troops to the north-eastern part of the front line to fend off Putin’s assault, leaving its defences exposed elsewhere.
People
Vera Wang, 74, Wears a Bridal-White Swimsuit and Loads of Bling in Yet Another Ageless Pic
“My Slim Aarons moment,” the fashion designer captioned her summer kickoff post

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EXCLUSIVE: REE Partners with Penske to Launch P7-C EV Trucks, Enhancing Fleet Electrification Options

Latest stories

Forget Magnificent Seven: Hedge Funds are Pouring Money Into This Utility Stock to Cash In On AI Boom

Elon Musk earns praise from Nvidia co-founder Jensen Huang ahead of shareholder vote on pay package—‘Tesla is far ahead in self-driving cars’

VinFast signs UAE exclusive dealership agreement with Al Tayer Motors

Brazil surpasses Belgium as top export market for Chinese EVs, hybrids, data shows

Analysis-China gears up to make a deal with Europe as EV tariffs loom

Exclusive-India's Reliance to buy Russian oil in roubles, sources say

Apple's iPhone sales in China jump 52% in April, data shows

Oil up on OPEC+ meeting, summer driving season and weaker US dollar

Explainer-Why does OPEC+ often clash over oil production capacity?

3 High Performing Indian Dividend Stocks Yielding Up To 6.4%

Analysis-Airfares peaking as travellers in Europe, Asia seek savings

UPS to make some parcel-tracking tags in India, executive says

China is pumping another $47.5 billion into its chip industry

Three Swedish Dividend Stocks Offering Yields From 4% To 5.9%

3 High Insider Ownership Growth Companies On Chinese Exchange With Up To 33% Revenue Growth

Exploring Shan Xi Hua Yang Group New EnergyLtd Among Three Leading Dividend Stocks

US TikToker sparks debate after ranking Singapore 'worst' of 7 Asian countries he visited

Singapore Airlines: 'Turbulence landed five of my family in ICU'

Ukraine knows it is finished

Vera Wang, 74, Wears a Bridal-White Swimsuit and Loads of Bling in Yet Another Ageless Pic