Hong Kong-listed shares of Semiconductor Manufacturing International Corp. (SMIC) fell in morning trade as the chip maker reported a decline in profits and margins amid sluggish demand. The company's Shanghai-listed shares also experienced a significant drop. Share Declines The chip maker's Hong Kong-listed shares declined by 6.6% early on Friday, ultimately falling 4.1% to … [Read more...] about Semiconductor Manufacturing International Corp. Sees Declining Profits and Margins
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Tesla’s Price Cuts to Continue in 2024, Says Goldman Sachs
Goldman Sachs analysts have predicted that Tesla's ongoing series of price cuts for its electric vehicles (EVs) will put further pressure on the company's margins in the coming year, according to a research note by Goldman's Mark Delaney. While the price reductions for Tesla's Model S and Model X cars will impact earnings this year, there will only be a partial offset from … [Read more...] about Tesla’s Price Cuts to Continue in 2024, Says Goldman Sachs
