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Your Brief Summary
In today’s Daily Brief, we'll be looking at Chinese EV maker BYD's latest results.
"BYD sold more vehicles last year than it did in the previous four years combined, so it's perhaps no surprise that its profit came in way higher than analysts were expecting."
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Tesla’s price war in China isn’t working, while Micron predicted a brighter future but profit looks pretty gloomy in the meantime.
Goldman predicted that AI could affect 300 million jobs in the world’s biggest economies, while Alibaba announced that it’s splitting its empire six ways.
Saudi Aramco has made big waves in China’s oil sector, while shaky markets have given firms cold feet about going public.
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