Manufacturing Financial News

More 401(k) plan sponsors like the idea of retaining participants after retirement, which is helping drive the development of more in-plan retirement income products, data published Friday by Cerulli show.

Tesla shares jumped 6% on Monday after better-than-expected quarterly deliveries showed that Chief Executive Elon Musk's plan of boosting volumes through discounts was working. The leading U.S. manufacturer of electric vehicles was set to increase its market capitalization by around $50 billion to $900 billion, based on early trading in its shares.

Motorola Mobility aims to be among the top three smartphone makers in India and globally in the next three years, growing sales four times over the same period, its president Sergio Buniac said. The handset maker is increasing its investments in India this year to double its sales and will also open its first camera lab within this quarter. “…we are investing a lot in the brand again, and you will see our investments increase significantly.

skilling themselves for the jobs of tomorrow.Atul Kumar Tiwari, Secretary, Ministry of Skill Development and Entrepreneurship (MSDE), says the department is driving a systemic shift to help working-age professionals get ready for this change. The ministry was set up with a vision to ensure “coordination of all skill development efforts across the country, removal of disconnect between demand and supply of skilled manpower, building the vocational and technical training framework, skill up-gradation, building of new skills and innovative thinking not only for existing jobs but also jobs that are to be created.” That means it must improve linkages between education and skilling pathways, catalyse demand for formal skills and create a more inclusive ecosystem, as part of its strategic priorities. Tiwari says, “There is an increasing realisation that skilling is an important pathway for careers. Today, skilling must be both agile and responsible. The New Education Policy, with the twin drivers of National Curriculum Framework and the Credit Framework, on one hand, and the convening of vocational, experiential and academic education, on the other hand, are setting the stage for this change.”

Microchip Technology, on Monday announced a multi-year plan to invest approximately $300 million in expanding its operations in India. The time frame for the investment would be the next four to six years. “The investment will be in buildings and infrastructure, equipment and labs, and people.

China said on Monday it would slap export controls on two rare metals essential for the manufacture of semiconductors over security concerns, as Beijing and Washington tussle over the global market for chips. Exports of gallium and germanium, of which China is a major producer, will require a license from August 1, according to a guideline issued by the Ministry of Commerce and China Customs. The final recipient of the exports and the purpose of their use will have to be specified, the text said.

Hong Kong/San Francisco/Tokyo | Apple has been forced to make drastic cuts to production forecasts for the mixed-reality Vision Pro headset, unveiled last month after seven years in development and hailed as its most significant product launch since the iPhone.

Markets are mixed today ahead of more earnings from some of the world’s biggest companies. This week could be one of the busiest this earnings season, with a third of S&P 500 companies set to report earnings. Investors will pay particular attention to the tech sector, with Apple, Google parent Alphabet, Meta, Amazon, and Microsoft all reporting this week. Their results could give insight into how they have been performing in this rising interest rate environment. 

Investing.com — U.S. futures inched lower at the start of a holiday-shortened week that includes the release of some key economic data, including the monthly employment report.

Formula 1 is in Austria this weekend, the home of Red Bull Racing, for the Austrian Grand Prix. Practices started on Friday, and Sprints happen Saturday. The lights go green on Sunday at 9 a.m. EDT.

Micron Technology Inc. (MU) said it will cut 10% of its workers and suspend 2023 bonuses after it posted a quarterly loss, the latest Big Tech firm to retreat on jobs as the global economy slows.

semiconductor supply chain, claimed a new study by SBI Research titled «The Beginning of a New World Order of Collaborative Knowledge Economies» on Monday. The comments on the back of India securing $825 million for a new chip assembly and test facility in India by American chip maker Micron Technology. “India at present has a negligible share in semiconductor supply chain.

If you want to know the direction the economy is headed, the Conference Board’s Leading Economic Index is sending a clear signal: a recession is coming, and soon. 

new 52-week highs today, signaling robust growth and investor confidence. Among the standout performers were Ashok Leyland, Cholamandalam Investment & Finance, Dr Reddy's Labs, HCL Tech, HDFC, HDFC Bank, IndiGO, IndusInd Bank, IOC, and ITC. The data was sourced from BSE at 1:35 pm, and the updates from the real-time data could come with a lag.

In September 2021, McKinsey & Co. issued a report proclaiming the arrival of the «unstoppable electric car,» predicting electric vehicles would account for more than half of all passenger U.S. car sales by 2030.

3M (MMM) announced it will stop manufacturing and work to eliminate its use of so-called “forever chemicals” by the end of 2025.

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Digital transformation consulting company KaarTech has raised $30 million as part of fresh funding from A91 Partners. The round marks the first external funding for the company, and is a mix of a primary and secondary raise. As a part of the transaction, Gautam Mago and Kaushik Anand from A91 Partners will join the KaarTech board.

52-week highs today, reflecting the positive sentiment in the market. Among the standout performers were ADF Foods, Amara Raja Batteries, Anant Raj, Angel One, The Anup Engineering, Apar Industries, Arman Financial Services, and Arvind. The data was sourced from BSE at 1:10 pm, and the updates from the real-time data could come with a lag.

Investing.com — European stock markets edged higher Monday, continuing last week's positive sentiment while investors digest mixed regional manufacturing data.

Investing.com — The U.S. dollar edged higher in early European trade Monday, partially recovering after Friday’s losses in the wake of softer-than-expected inflation data as a holiday-shortened week gets underway.