Trump Administration Mulls Taking Stakes in Defense Firms Including Lockheed Martin
U.S. Commerce Secretary Howard Lutnick said on Tuesday as he defended President Donald Trump's push for a greater government role in American business.
US July PPI Surges 0.9% Month-over-Month, Far Exceeding Expectations
The Bureau of Labor Statistics reported Thursday that wholesale prices rose far more than expected in July, indicating that inflation may still pose a potential threat to the US economy. The Producer...
Finally it is done! combined with $Desktop Metal Inc(DM)$ services, now we can expect projected revenue of 200mil Once all other acquisitions is done, $Nano Dimension(NNDM)$ will be one powerful 3d printing company. [Cool]
Nano Dimension Finalizes $179.3 Million Acquisition of Desktop Metal
Nano Dimension said Wednesday it has completed its $179.3 million acquisition of 3D printer manufacturer Desktop Metal .The combined company is anticipated to have 2024 revenue of more than $200 million, based on preliminary and unaudited full year 2024 results, Nano Dimension said.Additional details regarding integration plans and the financial outlook of the combined firm will be given after a comprehensive strategic review, including potential synergies with the pending merger with Markforged Holding , Nano Dimension said.NNDM shares were 1.9% higher in recent premarket activity.
China's Nio ties up with CATL to build battery swapping network
China's Nio ties up with CATL to build battery swapping networkBEIJING, March 18 - Chinese electric vehicle maker Nio 9866.HK announced its partnership with CATL 300750.SZ to establish a battery swapping network for cars.CATL will support Nio in developing the battery swapping network while the battery giant's Choco-Swap technical standards and network will be introduced to Firefly-branded newly developed models, according to a company statement sent to Reuters on Tuesday.The two companies will also pursue capital cooperation, with CATL advancing an investment capped at 2.5 billion yuan in Nio Power.
Hong Kong Stocks Close up to 3-Year High; Kuaishou up 16%; Alibaba, JD.com up 8.4%; Tencent up 7.6%; Meituan, XPeng up 5%
On March 6, 2025, the Hong Kong stock market saw a broad rise. The Hang Seng Index increased by 1.67%, the National Enterprise Index rose by 2.00%, the Hang Seng Technology Index surged by 2.81%, and the Red Chip Index climbed by 0.77%.In terms of individual stocks, Alibaba-W saw a significant increase of 6.24%, driven by the positive sentiment from the easing of trade tensions between the US and its major trade partners, which led to a general rise in Chinese concept stocks. XPeng Motors-W al