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13:29
VivoPower International has received official approval from Nasdaq for assigning the ticker symbol "Temb" to its planned spin-off subsidiary, Tembo.
This independent listing of Tembo sets a target valuation of approximately $838 million. This move marks a key step for VivoPower in advancing its strategic plans, aiming to unlock the independent value of Tembo's business through the spin-off and to raise funds for future growth.
13:20
Barclays: Continue to Buy Despite Market Pressure, Fundamentals Stronger Than Sentiment
According to Odaily, Barclays Bank stated that despite recent market volatility due to US-Iran tensions, rising oil prices, and inflationary pressures, investors should maintain their allocations and buy on dips. Data shows that the S&P 500 index has fallen by about 4.2% this month. The bank's strategist, Ajay Rajadhyaksha, pointed out that US corporate earnings remain solid and the investment cycle continues to progress, with overall fundamentals still stronger than market sentiment. Current asset prices are more reflective of short-term shock expectations, and it is widely believed in the market that the inflationary impact of geopolitical conflicts will be temporary. At the same time, although oil prices have risen, their long-term increase is limited, and market stress indicators have also eased. The S&P 500 index is still about 6% below its all-time high, indicating that the overall pullback is relatively manageable. Barclays Bank believes that the current market is in a “wall of worry” phase; although uncertainty remains high, there is no reason to be bearish in the long term.
13:20
Apple adds new partners to its U.S. manufacturing initiative
Golden Finance March 26|Apple announced that it has included Bosch, SiRu Logic, TDK, and Qnity Electronics in its U.S. manufacturing initiative, and plans to invest $400 million by 2030 to expand domestic production of key components. The collaboration also involves TSMC and GlobalFoundries, aiming to strengthen the domestic manufacturing capabilities of semiconductors and materials needed for Apple products and further optimize its U.S. supply chain. This expansion builds on Apple’s previously announced four-year $60 billion U.S. manufacturing and innovation investment commitment.
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