SoFi Tech: KBW downgrades to Underperform on doubts over long-term outlook
Investing.com– Keefe, Bruyette & Woods (KBW) downgraded its rating on SoFi Technologies Inc. (NASDAQ:SOFI), stating that the fintech firm’s long-term earnings outlook appeared difficult and did not justify current valuations. KBW downgraded SoFi to Underperform from Market Perform, but slightly…
Malaysia grants WeChat, TikTok licences to operate under new law
KUALA LUMPUR – Malaysia’s communications regulator said it granted Tencent’s WeChat and ByteDance’s TikTok licences to operate in the country under a new social media law, but that some other platforms had not applied. The law, aimed at tackling rising…
Apple offers iPhone discounts in China as competition intensifies
BEIJING (Reuters) – Apple (NASDAQ:AAPL) is offering rare discounts of up to 500 yuan ($68.50) on its latest iPhone models in China, as the U.S. tech giant moves to defend its market share against rising competition from domestic rivals like…
Taiwan stocks lower at close of trade; Taiwan Weighted down 0.67%
Investing.com – Taiwan stocks were lower after the close on Thursday, as losses in the , Construction and Glass sectors led shares lower. At the close in Taiwan, the Taiwan Weighted fell 0.67%. The best performers of the session on…
Swisscom revises down earnings outlook after Vodafone Italia acquisition complete
(Reuters) – Swisscom (SIX:SCMN) said on Thursday that it has completed its acquisition of competitor Vodafone (NASDAQ:VOD) Italia, which it will now begin merging with its Italian business Fastweb. The Swiss telecoms group said costs in the amount of up…
Citigroup joins US lenders in exiting Net-Zero Banking Alliance
(Reuters) – U.S. bank Citigroup (NYSE:C) said on Tuesday it is exiting the Net-Zero Banking Alliance (NZBA), a group of global banks that have pledged to curb greenhouse gas emissions. This move makes Citigroup the third major U.S. lender to…