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Tag Archives: raises

Nokia raises earnings forecast on track with 5G comeback plan

(Bloomberg) – Nokia Oyj has raised its full-year earnings forecast after cutting costs and revising products to catch up with competitors in the fifth generation wireless network market. The company expects diluted earnings per share of 0.25 cents plus or minus 5 cents compared to an earlier forecast of 0.23 cents. Adjusted operating income for the second quarter was $ …

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The Fed’s rising balance sheet raises GOP concerns

A group of Senate Republicans raises red flags over the rapid expansion of the Federal Reserve’s balance sheet, which they fear could affect interest rates, the strength of the US dollar, and the entire US economy before colleagues realize this is a serious problem. Concerns from Sens. Rick Scott (R-Fla.), David Perdue (R-Ga.), James LankfordJames Paul Lankford’s Hill’s Coronavirus Report: …

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The US move to close the Chinese consulate in Houston raises questions about political motives

Deputy Secretary of State Steve Biegun noted Wednesday “an increasing number of disputes” between the US and China over Beijing’s “increasingly tough and aggressive measures” that have prompted the government to take action, including the closure of the consulate in Houston. Lawmakers, former officials and experts said a strong recoil is needed to counter China’s cyber and industrial espionage, its …

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Chinese Tesla rival Xpeng Motor raises $ 500 million

The latest electric car from Xpeng Motors is called P7. Xpeng engines Chinese electric car company Xpeng Motors has raised new funds as competition in the so-called Chinese market for new energy vehicles continues to intensify. The $ 500 million funding came from a group of investors including Aspex, Coatue, Hillhouse Capital and Sequoia Capital China. This is followed by …

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The Inspector General of NASA raises questions about the cost management of Orion spacecraft

The General Inspectorate of NASA (OIG) released a report yesterday (July 16) examining the management of the agency’s Orion multi-purpose crew vehicle program. Among the results, the OIG found that Orion – The next-generation capsule that will carry NASA astronauts to the moon and other space targets – has continued to experience cost increases and schedule delays. Since establishing the …

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TSMC raises outlook after Huawei virus demand outweighs Huawei

(Bloomberg) – Taiwan Semiconductor Manufacturing Co. has raised its 2020 sales and spending forecasts and underlined how the increasing demand for data center chips during the pandemic is helping to offset the loss of business of its second largest customer, Huawei Technologies Co. The main iPhone chip maker from Apple Inc. announced that sales in U.S. dollars will increase by …

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Trump raises new objections to the subpoena to get his tax returns

Days after the U.S. Supreme Court inflicted a defeat on President Trump and cleared the way for the Manhattan District Attorney to file his tax returns, his lawyers renewed their efforts Wednesday to block or at least restrict access to the records. Trump’s lawyers wrote to the federal judge in Manhattan, who originally headed the case, saying they wanted to …

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