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S&P 500 closes at another record on Wednesday after Trump announces Vietnam-U.S. deal: Live updates CNBCS&P 500 and Nasdaq rise amid US, Vietnam trade deal USA TodayStock Market News, July 2, 2025: S&P 500, Nasdaq score record closes as Trump touts Vietnam trade deal; investors digest weak ADP jobs data MarketWatchStocks set new record to wrap up first half; here's what drove markets The Washington Post
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Stock Market Today: Dow Jones Index Dips On Surprise Jobs Data; Tesla Jumps (Live) Investor's Business DailyThe private sector lost 33,000 jobs in June, badly missing expectations for a 100,000 increase, ADP says CNBCStock market today: Nasdaq pops, leading Dow and S&P 500 higher amid Vietnam trade deal, weak jobs data Yahoo FinancePrivat
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Lower mid-market investor Shore Capital Partners raised $450m for the final close of its third food and beverage fund, bringing its assets under management to about $13bn.
The post Shore Capital seals $450m food, beverage fund close, promotes trio to partner after success in strategy appeared first on AltAssets Private Equity News.
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Contemporary Amperex Technology Co. Ltd. reported quarterly net income well short of analyst estimates as the global slowdown in electric vehicle sales starts to bite.
While net income for the third quarter ended Sept. 30 rose 26 percent to 13.1 billion yuan ($1.8 billion) versus the same period last year, that was a lot lower than the 14.7 billion yuan expected. Revenue shrank 12.5 percent to 92.3 billion yuan year-on-year, sharply down on projections for 118.4 billion yuan.
The world's largest maker of EV batteries is being hit as automakers from General Motors to Ford begin to scale back EV production plans and delay model launches. Countries like Japan and Germany, home to some of the largest automotive incumbents, have seen not just a slowdown in the growth rate, but an outright decline in EV sales.
CATL supplies many big name carmakers, including Tesla Inc.
Although the Chinese giant dwarfs competitors, it isn't alone in feeling the pain. The world's third largest battery maker, South Korea's LG Energy Solution Ltd., is likely to suffer its third consecutive quarterly profit decline, its most recent preliminary earnings show.
For the January to August period, CATL's global market share stood at 37.1 percent, up 1.6 percentage points on the same period of last year, data from SNE Research show. LG Energy's market share shrunk 2.3 percentage points to 12.1 percent.
CATL's greater control over its supply chain does at least wring more profit from its suppliers, helping to drive down costs. Bloomberg Intelligence has suggested that more global EV makers adopting cheaper lithium-iron-phosphate (LFP) batteries could help CATL gain market share overseas. The company's energy-storage business is also emergin
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Shares in airlines and cruise companies rally strongly, while tech sector lags
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The Trump administration is reportedly considering a ban on Huawei equipment in the U.S. Here's who wins and loses in the telecom world.
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