Schaeffler's stock rating is maintained at 'Hold' with a reduced price target of €4 per share due to ongoing structural and execution challenges. The company's e-mobility division continues to report significant negative EBIT margins, which offset profits from its traditional business segments. Additional concerns include costly restructuring, a junk credit rating, and a heavy debt load that limit financial flexibility and increase long-term risks. Meanwhile, speculative investments in robotics show no immediate revenue benefits, and core industrial and aftermarket segments are losing focus, signaling cautious outlook for investors.
Singapore reported April headline inflation at 1.8%, below the expected 2%, and core inflation at 1.4%, also under forecasts. The Monetary Authority of Singapore warned that imported cost pressures could rise due to energy and supply chain issues lin...
Gold and silver prices increased due to a weaker U.S. dollar and lower U.S. Treasury yields, driven by a drop in oil prices following eased tensions in the Strait of Hormuz. Spot gold rose over 1% to $4,560 and silver reached $78 per ounce. The decli...
GRASS is a decentralized physical infrastructure network (DePIN) focusing on crowdsourcing public web data for AI training. It enables individuals to share unused bandwidth to gather specialized, fresh datasets for AI model builders, who pay for comp...
Grindr's board has rejected a takeover offer of $18 per share, believing it undervalues the company's growth prospects. Despite a slowdown in competitors like Match Group and Bumble, Grindr continues to grow revenue by over 30% year-over-year. The co...
Sei, a blockchain originally built on Cosmos, is considering a shift to an EVM-only platform, prioritizing Ethereum-compatible smart contracts over Cosmos-native CosmWasm. This move aims to leverage Ethereum's broader developer tools, liquidity, and ...
