Battery firm LG Energy Solution Q2 profit plunges on weak EV demand

Operating Profit News

Battery firm LG Energy Solution Q2 profit plunges on weak EV demand
Quarterly ProfitLG Energy SolutionLGES
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South Korean battery firm LG Energy Solution (LGES) on Thursday posted on a 58% drop in quarterly profit, hit by weakening demand for battery-powered...

SEOUL - South Korean battery firm LG Energy Solution on Thursday posted on a 58% drop in quarterly profit , hit by weakening demand for battery-powered electric vehicles .

The company, which supplies Tesla, General Motors, Hyundai Motor and other automakers, reported an operating profit of 195 billion won for the April-June period, in line with an earlier forecast.The yen drew support from unwinding carry trades on Thursday ahead of next week's Bank of Japan policy meeting and as a rotation out of megacap growth stocks dampened risk appetite broadly and provided some safe haven bids.

Avanza Arvin's community fair will provide community members with food boxes, shoes, and information on organizations like the Arvin Navigation Center and Laborers of the Harvest.Thailand will form a task force to enhance the due diligence capabilities of its financial institutions in order to prevent transactions by banks that could lead to arms purchases and human rights abuses in Myanmar, the foreign ministry said.

President Biden told the nation in an Oval Office address Wednesday night that personal ambition shouldn't get in the way of saving democracy and that by ending his reelection campaign he will "pass the torch to a new generation."Oregon fire is the largest burning in the US. Thunderstorms and high winds are exacerbating it

BOISE, Idaho — Powerful winds and hundreds of lightning strikes from thunderstorms rattled the Oregon-Idaho border Wednesday afternoon, pushing wildfires including an Oregon fire that is already the largest active blaze in the nation.The Nasdaq and S&P 500 fell below their 50-day lines as Tesla, Google led a stock market sell-off. Inflation data looms.

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