Agreed to sell 50% of its bottled water business to Platinum Equity for approximately 3 billion euros ($3.4 billion) in cash. The Swiss food giant's chief executive, Philipp Navratil, is pushing ahead with plans to cut underperforming businesses. Platinum Equi…

NewswireJul 23

Hyundai Motor's profit falls on weak auto demand, labor unrest

The move comes amid a drop in auto sales amid cooling global demand. It reported weaker second-quarter net profit, the latest setback for South Korea's largest automaker. Hyundai Motor Co.'s weak results came as the company's unionized workers in South Korea w…

NewswireJul 23

Barclays lowered the target price of IBM from US$288 to US$262

China Financial News Agency reported on July 23 that Barclays lowered the target price of IBM from US$288 to US$262.

NewswireJul 23

Musk said mass production of the Optimus humanoid robot still faces challenges, and large-scale production is difficult

On July 22, local time, Tesla CEO Elon Musk said during the second quarter earnings call that expanding the production scale of Optimus humanoid robots will face greater challenges, and the company still needs to solve problems in manufacturing processes, supp…

NewswireJul 23

AI money-burning war upgrade! Google, Tesla's cash flows both turn negative, Wall Street optimistic about long-term returns

July 23, Financial Associated Press News At present, the latest round of financial reporting season for U.S. stocks is slowly kicking off, and technology giants are facing a severe test regarding "AI investment return." During this earnings season, AI spending…

NewswireJul 23

Tesla's humanoid robot production line is advancing in two lines, and Musk said it is "the most difficult mass production ramp in the history"

On July 23, Beijing time, Tesla released its second quarter financial report for 2026. The company's total revenue in the second quarter was US$28.236 billion, a year-on-year increase of 26%; net profit attributable to common shareholders was US$1.114 billion,…

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Ima Daily5MinJul 23

WAIC 2026: China’s AI supply chain confidence increases, large models and computing hardware become the focus (UBS)

The WAIC 2026 technology inspection organized by UBS showed that global AI collaboration has deepened, China's large model iterations have accelerated, local AI infrastructure has improved, and the supply chain has responded positively to AI demand. UBS has st…

Ima Daily5MinJul 23

Lululemon's Americas business faces deep adjustments, its growth engine stalls, and it is downgraded to cautious rating (Morgan Stanley)

Through analysis, the report believes that its business scale in the Americas is significantly higher than its sustainable revenue base, and market consensus underestimates the risk of deep adjustment in the Americas business and overestimates the growth oppor…

Ima Daily5MinJul 23

China's medical and health sector is the best choice in the "non-AI" field, with strong growth and globalization momentum (HSBC)

The HSBC report pointed out that China's A/H-share healthcare index has rebounded from its stage low. The industry is highly competitive with solid growth and globalization momentum, and is the focus of investors' attention, especially in the fields of innovat…

NewswireJul 23

Musk says Tesla’s new Terafab chip factory location will be announced soon

On July 22, local time, Tesla CEO Elon Musk stated during the second quarter earnings call that the location of the company’s new Terafab chip factory will be announced soon. This project is an important layout for Tesla to expand its AI computing capabilities…

NewswireJul 23

Is AI using too much electricity sparking public protests? Trump launches initiative: Data centers pay higher electricity bills

As the AI boom drives U.S. technology giants to build data centers on a large scale, the huge power consumption of data centers is causing dissatisfaction among more and more American people. According to White House officials, U.S. President Trump will launch…

Ima Daily5MinJul 23

AI-driven semiconductor back-end process and packaging trends are deepening, and Japanese materials companies need to transform (Jefferies)

The Jefferies report pointed out that driven by AI, advanced packaging, chiplet, and co-packaged optics (CPO) technologies are developing rapidly. Japanese companies have global leading advantages in the field of semiconductor materials, but they have shortcom…

Ima Daily5MinJul 23

Horizon Robotics’ 1H26 gross profit margin is expected to reach 65%, with three major catalysts driving mean reversion (CITI)

Citi gives Horizon Robot (9660.HK) a Buy/High Risk rating. Its 1H26 revenue is expected to grow by more than 34% year-on-year, with gross profit margin reaching a range of 65%-66%. The report points out three core growth catalysts: L3/L4 autonomous driving tec…

NewswireJul 23

JP Morgan raises price target for Texas Instruments

Southern Finance reported on July 23 that JPMorgan Chase raised the target price of Texas Instruments from US$280 to US$340.

NewswireJul 23

Speed up core making? Musk says Tesla has ordered equipment to develop wafer fab

China-Singapore Jingwei, July 23 (Xinhua) On the 22nd local time, Musk said on the earnings conference call that Tesla has ordered equipment for the development of wafer fabs. According to the Chinese website of the British Financial Times, Tesla disclosed its…