Baidu Inc

A United Airlines terminal at John F. Kennedy International Airport in New York January 24, 2011.Jessica Rinaldi | ReutersCheck out the companies making headlines in premarket trading Monday.United Airlines — Shares rose 1% after Morgan Stanley upgraded United Airlines to overweight from equal weight, saying 2023 could be a "goldilocks" year for the airline stock.Starbucks — Shares fell 1.3% after Deutsche Bank downgraded Starbucks to hold from buy, saying further gains will be harder to come by after the stock's recent…

Zscaler rings the opening bell at the Nasdaq exchange in New York, March 16, 2018.Source: NasdaqCheck out the companies making headlines in midday trading.Zscaler – The cloud security company's shares dipped 11% following its quarterly earnings report, despite Zscaler posting strong results. Earnings and revenue were stronger than analysts' expectations. The company also forecast better-than-expected earnings and revenue for its fiscal second quarter and full year.Marvell Technology – The semiconductor stock fell 4% after…

Baidu got approval to charge fares for its robotaxi rides in the Beijing suburb of Yizhuang in November 2021.Vcg | Visual China Group | Getty ImagesBEIJING — Chinese tech company Baidu said its robotaxi business in large cities is close to gaining the same traction with locals as traditional ride-hailing services.During the third quarter, each of Baidu's self-driving taxis completed an average of more than 15 rides a day in Beijing, Shanghai and Guangzhou, CEO Robin Li said Tuesday, according to a FactSet transcript of…

A carton of Oatly brand oat milk is arranged for a photograph in the Brooklyn borough of New York, U.S., on Wednesday, Sept. 16, 2020.Gabby Jones | Bloomberg | Getty ImagesCheck out the companies making headlines in midday trading.Oatly – Shares of the oat-based drinks maker tumbled 11% after the company reported a larger-than-expected quarterly loss and revenue that fell short of consensus. Oatly cited China Covid restrictions, production challenges and a stronger U.S. dollar for the weakness in its performance.Amazon –…

Customers shop at the Apple Fifth Avenue store for the release of the Apple iPhone 14 in New York City, September 16, 2022.Andrew Kelly | ReutersCheck out the companies making headlines in midday trading.Apple – Shares of Apple jumped 8% after the technology giant beat both top and bottom line estimates when it reported earnings results for its latest quarter.Intel – The chip stock popped 10% after surpassing analysts' estimates for the recent quarter and outlining a plan to reduce costs by $10 billion over the next three…

The Netflix logo is seen on a TV remote controller, in this illustration taken January 20, 2022.Dado Ruvic | ReutersCheck out the companies making headlines in midday trading.Generac — Shares were trading down 25% after the company cut its expected full-year revenue growth to a range of 22% to 24%, down from 36% to 40%, which is also below Wall Street expectations. The power company also reported preliminary third-quarter results, with earnings per share expected to come in at $1.75 compared to the $3.21 estimate.Netflix…

Young Liu, chairman of Foxconn Technology Group, speaks in front of a Model C electric vehicle during an event in Taipei, Taiwan, on Tuesday, Oct. 18, 2022. Liu said he hopes one day that Foxconn can make cars for Tesla.I-Hwa Cheng | Bloomberg | Getty ImagesFoxconn, the biggest assembler of Apple's iPhones, wants to one day build cars for Tesla, the company's CEO said, as it pushes further into electric vehicle manufacturing.Hon Hai Technology Group, Foxconn's official name, launched two electric vehicle prototypes on…

Xpeng launched a feature that allows its cars to semi-autonomously navigate urban environments, marking its latest challenge to U.S. electric vehicle giant Tesla.The Chinese start-up announced Monday that it was piloting a feature known as City NGP, which stands for navigation guided pilot.Xpeng claims that City NGP will allow the vehicle to perform a "full range of driving tasks," including cruising at a "safe distance" from a car ahead, changing lanes and overtaking, getting around stationary automobiles or objects and…

FedEx received its first five of an order of 500 electric Light Commercial Vehicles (eLCVs) from BrightDrop.Courtesy: FedexCheck out the companies making headlines in midday trading.FedEx – Shares of the delivery giant slid about 22% after the company preannounced disappointing results for the recent quarter, citing weakness in global shipment volumes, and several Wall Street analysts downgraded the stock. CEO Raj Subramaniam said he expects the economy to enter a "worldwide recession" on CNBC's "Mad Money" Thursday.…

Nvidia has found success in China by selling automotive chips to the country's electric car companies. But the U.S. semiconductor giant has been restricted from sending some products to China. So far, electric vehicle makers do not seem to be affected.Budrul Chukrut | Sopa Images | Lightrocket | Getty ImagesBEIJING — U.S. restrictions on Nvidia chip sales to China won't affect Chinese electric car companies, as they're using auto systems that don't include the sanctioned products.Chipmaker Nvidia's shares have plunged…