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As it prepares for its initial public listing, Grab announced milestone results in Q1 2021. Grab Ho

HONG KONG, May 17 (Reuters) - Trading in shares of Next Digital Ltd was suspended on Monday, afte

Investment management firm Baillie Gifford shed significant stake in electric carmakers Tesla Inc and Nio Inc in the first quarter and bought shares in vaccine maker Moderna Inc, regulatory filings reveal.What Happened:Baillie Gifford, a 110-year-old asset management firm and an early investor in Tesla, sold 11.1 million shares, or 1.15% of the Elon Musk-led company’s total shares outstanding, reducing the fund’s holding by 40% in the EV maker from the previous quarter.The Scottish firm has been

Apple delivered flawless fiscal second quarter results across its product portfolio and geographical segments.The earnings smasher was further enabled by easy comps and lingering stay-at-home tailwinds.Apple is approaching all-time highs. But, due to substantially higher 2021 projected EPS, I estimate that P/E has dipped to pre-pandemic levels.iPhone growth of 66%, supported primarily by the strong performance of the Pro and Pro Max models;iPad growth of 79%, which compares favorably to Microsof

Tesla reported record net income of $438 million during the quarter, as well as earnings of 93 cents per share on $10.39 billion in revenue.In its earnings release, the company said it has weathered chip shortages that have plagued the auto industry in part by “pivoting extremely quickly to new microcontrollers, while simultaneously developing firmware for new chips made by new suppliers.”On an earnings call, CEO Elon Musk said the delayed new version of the company’s Model S sedan will be deliv