All posts tagged: hits

Japan’s Nikkei hits new high after topping 1989 peak | Economy

Japan’s Nikkei hits new high after topping 1989 peak | Economy

Tokyo’s benchmark Nikkei 225 last week made history by hitting its highest level in nearly 35 years. Japan’s stock market has hit a new high after bursting past its 1989 peak last week following decades of stagnation. Tokyo’s benchmark Nikkei 225 index rose nearly 0.7 percent in morning trading on Monday, extending a rally that has made Japanese stocks some of the hottest buys of the past year. Major gainers included Mitsubishi UFJ Financial Group and pharmaceutical company Daiichi Sankyo. On Thursday, the Nikkei passed its all-time high of 38,915.8, reached in 1989 as Japan’s economy was on the precipice of an asset crash that set in motion several “lost decades” of economic stagnation. The Nikkei gained 28.2 percent throughout the whole of 2023, well ahead of the S&P500, which itself enjoyed a bumper year. Foreign cash has poured into Japanese stocks as investors take advantage of the cheap yen and corporate governance reforms that have boosted shareholder returns. Japan’s overall economy, however, has continued to struggle with anaemic growth amid structural challenges that include …

Berkshire Cash Hits Record 8BN But Warns Days Of “Eye-Popping” Results Are Over: Highlights From Buffett’s 2023 Letter

Berkshire Cash Hits Record $168BN But Warns Days Of “Eye-Popping” Results Are Over: Highlights From Buffett’s 2023 Letter

One of the longest running traditions in modern finance is that every year, one Saturday morning in late February, the world’s financial class – from professionals to mere amateurs – sit down as they have for the past 65 or so years – for an hour and read the latest Berkshire annual letter written by Warren Buffett in which the man seen by many as the world’s greatest investor wrote down his reflections, observations, aphorisms and other thoughts which are closely parsed and analyzed for insight into what he may do next, what he thinks of the current economy and market climate, or simply for insights into how to become a better investor. And with Buffett’s long-time investing partner, Charlie Munger, having recently passed away just shy of his 100th birthday and Buffett himself now 93, every such letter may well be the last, which is why – even though their informational content and signal-to-noise ratio has been severely diluted over the year – they are read just as obsessively as they were when Buffett …

Israeli air raid hits residence, kills at least seven in Gaza’s Rafah | Israel War on Gaza News

Israeli air raid hits residence, kills at least seven in Gaza’s Rafah | Israel War on Gaza News

Israeli forces have killed at least seven people, including a child, in Rafah, in the latest deadly attack on Palestinians struggling to survive in the southern Gaza Strip’s largest city. An Israeli air raid hit a residential building belonging to the Shahin family on Saturday, housing displaced people from the Abu Hamra and Abu Sultan families, the Palestinian state news agency Wafa reported. The air attack hit a busy road leading to a market, causing major destruction to buildings and cars, according to Al Jazeera’s team in Rafah. Bodies were seen scattered on the road, with women, children, and the elderly among the victims. “My mother … my father … They ran for their lives from Khan Younis,” a man told Al Jazeera. “I brought them here to take shelter in my home … They escaped death in Khan Younis to die in my hands … How can I live after them? Addressing the Israeli forces, he said, “Kill me, so I can join them.” Another man told Al Jazeera that he was walking with …

Shinsadong Tiger, prominent K-pop composer who created T-ARA, EXID, Momoland’s hits, found dead

Shinsadong Tiger, prominent K-pop composer who created T-ARA, EXID, Momoland’s hits, found dead

Lee Ho-yang, a prominent K-pop composer and producer better known by his professional name of “Shinsadong Tiger,” was found dead on Friday (Feb 23), South Korean police said. The Seoul Metropolitan Police said Lee, 40, was discovered dead at his Seoul studio. Police gave no further details and there was no word on the cause of death. Local media reported that one of Lee’s acquaintances found him collapsed on the floor at the studio and called local emergency services. Lee created a slew of hit K-pop songs such as T-ARA’s Roly Poly, Apink’s NoNoNo, EXID’s Up&Down and Momoland’s Bboom Bboom. In 2011, he also established AB Entertainment, which later debuted the girl group EXID. Source link

Rivian (RIVN) stock hits all-time low after downgrade, job cuts

Rivian (RIVN) stock hits all-time low after downgrade, job cuts

After disappointing fourth-quarter results, Rivian (RIVN) stock earned a double downgrade, sending share prices to an all-time low. Sitting at its lowest value since going public, the EV maker looks to gain control of costs in 2024. Q4 earnings miss the mark After releasing Q4 and full-year earnings results Wednesday, Rivian announced it was laying off 10% of its salaried employees. Rivian’s CEO RJ Scaringe explained on the company’s media call the move enables them “to maximize the amount of impact we can have as a company.” Scaringe said the company “is not immune to existing economic and geopolitical uncertainties.” The impact of higher interest rates has rippled across the industry. Rivian’s order bank has “notably reduced” as the EV maker scales output. Although deliveries more than doubled last year, with over 50,000 vehicles handed over, the pace slowed in Q4. As CFO Claire McDonough explained in November, Rivian expected “a more significant gap between production and deliveries” with Amazon limiting new vehicle intake during the holidays. Although Rivian’s net losses improved in the fourth …

RadWagon 4 e-bike ,599, Tesla EV charger hits 0, more

RadWagon 4 e-bike $1,599, Tesla EV charger hits $450, more

Headlining today’s green deals is an eight-day flash sale on two Rad Power e-bike models, led by the RadWagon 4 Cargo e-bike for $1,599. It is joined by a rare discount on Tesla’s Wall Connector Level 2 EV Charger at $450, as well as the Pit Boss Navigator 550 Wood Pellet Grill falling to a new $200 low. Plus, all of the other best new Green Deals landing this week. Head below for other New Green Deals we’ve found today and, of course, Electrek’s best EV buying and leasing deals. Also, check out the new Electrek Tesla Shop for the best deals on Tesla accessories. Rad Power’s RadWagon 4 Cargo e-bike now $1,599 Rad Power Bikes has launched an eight-day flash sale that is taking up to $400 off two particular e-bike models. The greatest of the two discounts is on the RadWagon 4 Cargo e-bike for $1,599 shipped. Down from its $1,999 price tag, we’ve seen this model go for less only two times before – once last summer when costs dropped to $1,399 and four years ago during its initial pre-order …

‘Our yields are going to be appalling’: one of wettest winters in decades hits England’s farms | Farming

‘Our yields are going to be appalling’: one of wettest winters in decades hits England’s farms | Farming

“We have had the wettest October, November and December since we started keeping records 27 years ago,” says Andrew Ward, a Lincolnshire-based arable farmer. He flicks through videos on his phone of nearby fields that have been devastated by the heavy rain this winter, including one that shows him in front of what looks like a lake. “That is my godson’s farm,” he says, pointing out the two-metre-deep water that has completely engulfed the land. “He’s been flooded since October […] The farm was drilled and fertilised [before the rain], so he may have lost £70,000 in one go.” Fortunately for Ward, his 650-hectare (1,600-acre) farm, which produces wheat, sugar beet, barley and beans, has not been as waterlogged, but the high rainfall has taken its toll. “We managed to get about 25% of winter crops planted […] Our yields this harvest are going to be appalling,” he adds. Speak to farmers across the country and you will hear similar stories of how one of the wettest winters in decades has ruined thousands of acres …

Palworld hits 25M players as it co-exists with Helldivers 2

Palworld hits 25M players as it co-exists with Helldivers 2

Are you looking to showcase your brand in front of the gaming industry’s top leaders? Learn more about GamesBeat Summit sponsorship opportunities here.  Live service games typically compete with each other for the finite resource that is gamers’ attention. Conventional wisdom in the games industry would have you believe that most gamers only have time to invest in one such title at a time. However, two live service games both appear to be attracting high player numbers alongside each other: Palworld and Helldivers 2. According to Palworld developers Pocketpair, their creature collector has passed the 25 million player mark. This includes both the 15 million players on Steam and 10 million on Xbox Game Pass, both within a month of its launch. While concurrent player count has dropped off somewhat since the game launched, community manager Bucky said on X that this is normal. They also encouraged players to try other games while waiting on new Palworld content, saying, “you don’t need to feel guilty about hopping from game to game.” It appears that one …

Private Lunar Lander Hits Unexpected Issues During White-Knuckles Descent

Private Lunar Lander Hits Unexpected Issues During White-Knuckles Descent

“This is a dynamic situation.” Update: The lander has successfully touched down on the lunar surface. Final Countdown Things were looking promising as Intuitive Machines’ NASA-sponsored lunar lander Odysseus prepared for its final approach and touchdown on the Moon this week. In the final hour as the landing approaches, though, there are signs that things aren’t going according to plan as the spacecraft hits unexpected issues. The first hint, according to CNN, came on the company’s livestream as a spokesperson announced that the descent wouldn’t go according to plan as it skipped its 10-second “deorbit insertion” burn. “This is a dynamic situation,” said NASA communication manager Gary Jordan. “We’ll update you later in the broadcast.” Impact Statement More unexpected drama became apparent when the company revealed that there was a problem with the Odysseus lander’s navigation system. Instead of using the equipment it had planned on, it’ll be forced to rely on an experimental NASA payload that had been intended as a proof of concept, but will now be taking center stage. “Intuitive Machines made …

OKAI Ranger e-bike hits ,300, Jackery Amazon sale, and more

OKAI Ranger e-bike hits $1,300, Jackery Amazon sale, and more

Headlining today’s green deals is the one-day discount on the OKAI Ranger Electric Bike for $1,300. It is joined by the Jackery home backup sale that has moved over to its Amazon storefront and is taking up to $700 off power stations, solar panels, and bundles, as well as the Velotric Go 1 Utility e-bike at $1,299. Plus, all of the other best new Green Deals landing this week. Head below for other New Green Deals we’ve found today and, of course, Electrek’s best EV buying and leasing deals. Also, check out the new Electrek Tesla Shop for the best deals on Tesla accessories. OKAI Ranger Electric Bike now $1,300 Best Buy is offering the OKAI Ranger Electric Bike for $1,299.99 shipped through the end of the day. Down from its usual $2,000 price tag, it spent the large majority of 2023 keeping above $1,500, with prices only dropping further once Black Friday, Christmas, and New Year’s sales were happening. Today’s deal comes in as a 35% markdown off the going rate and lands among some of the lowest prices we have …