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Spain’s Economy Surges Ahead with Growth
4 months ago
Economy News
Spain’s economy did well against its eurozone peers with a pleasing 3.4% year-on-year growth in Q3, dwarfing the eurozone average of 0.9%. A lot of this fast growth can be attributed to a pandemic recovery effect, as Spain—heavily reliant on ...
Apple Beats Expectations Due to Strong iPhone Demand
5 months ago
Stocks News
Apple’s fiscal Q4 delivered stronger-than-expected revenue of $94.93 billion, which exceeded Wall Street estimates and delivered a 6% rise in iPhone sales. Despite an impressive performance across its main revenue streams, Apple’s net income took a knock due to a one-time ...
Shell Announces Strong Q3 Profit
5 months ago
Stocks News
The British oil giant Shell reported adjusted earnings of $6 billion for Q3, beating analyst expectations of $5.3 billion, this despite challenges from lower crude prices and reduced refining margins. The result, while slightly less than the previous quarter’s $6.3 ...
Xiaomi Hits 20,000 EV Deliveries in October in Rapid Expansion
5 months ago
Stocks News
Chinese cell phone giant Xiaomi delivered over 20,000 units of its SU7 electric vehicle (EV) in October, marking a strong start in a market dominated by heavyweights like Tesla, Xpeng, and BYD. With this rapid entry into the EV sector, Xiaomi ...
BP Earnings Slide as Oil Prices Weigh Heavily on Profit
5 months ago
Stocks News
BP reported its lowest quarterly earnings since 2020, impacted by sliding crude prices and lower refining margins. The British energy giant recorded an underlying replacement cost profit of $2.3 billion for the July-September period, slightly above market expectations of $2.1 ...
DAX Sees Renewed Momentum as German Sentiment Rebounds
5 months ago
Economy News
The DAX index ticked up 0.2% on Friday, driven by fresh optimism in Germany’s economic landscape, as investor confidence grew with the first positive shift in business sentiment in six months. Top DAX performers included Daimler Truck Holding AG, with ...
Euro Stays Under Pressure Amid Economic and Political Shifts
5 months ago
FOREX News
The euro has extended its slide against major currencies, with the EUR/USD pair dipping below the crucial 1.08 level—its lowest since early August. Over the past month, the euro has lost over 3% against the US dollar, weakened by economic ...
Tesla Surges on Strong Earnings and Bold Growth Predictions
5 months ago
Stocks News
Tesla shares spiked 10.7% after reporting third-quarter earnings that surpassed analysts' expectations. The company posted earnings per share of $0.72, exceeding the $0.58 forecast, while revenue hit $25.18 billion, just short of the $25.37 billion expected. This marks an 8% year-on-year ...
Boeing Faces Steep Losses Amid Structural Challenges
5 months ago
Stocks News
Boeing's latest quarterly report shows a significant surge in losses, with the company posting a net loss of $6.2 billion, a steep rise from $1.6 billion the previous year. The commercial airplane division, which has been facing operational difficulties, contributed ...
Bitcoin Nears Three-Month High as US Election Looms
5 months ago
Cryptocurrency News
Bitcoin has seen a significant increase since September, fueled by central banks' easing monetary policies and market speculation about the upcoming U.S. presidential election. In the past week, Bitcoin rose by 9%, contributing to a total increase of 31% since ...
Gold and Silver Prices Soar Amid Global Uncertainty
5 months ago
Economy News
Gold and silver have surged to new highs as demand for safe-haven assets grows, driven by geopolitical risks and economic concerns. Rising tensions in the Middle East, alongside the uncertainty surrounding the upcoming US election, have spurred investors to seek ...
Netflix Shares Surge Following Strong Q3 Earnings
5 months ago
Stocks News
Netflix experienced a significant increase in its stock price, rising nearly 7% after announcing third-quarter earnings that surpassed expectations. The streaming giant reported earnings per share of $5.40, exceeding the consensus estimate of $5.12. Additionally, revenue was higher than anticipated, ...
Bitcoin's Surge Sparks Crypto Market Gains
5 months ago
Cryptocurrency News
Bitcoin surged to nearly $68,400 on Wednesday, marking its highest level since July. This rally has extended beyond bitcoin, boosting other cryptocurrencies and crypto-related equities. Bitcoin's price has climbed over 9% in the past week, while ether has risen around ...
Bitcoin's Surge Sparks Crypto Market Gains
5 months ago
Cryptocurrency News
Bitcoin surged to nearly $68,400 on Wednesday, marking its highest level since July. This rally has extended beyond bitcoin, boosting other cryptocurrencies and crypto-related equities. Bitcoin's price has climbed over 9% in the past week, while ether has risen around ...
Chipmaker ASML Shares Plummet on Low Sales Forecast
5 months ago
Stocks News
Dutch semiconductor equipment giant ASML saw its shares plummet by 16%, wiping out approximately $52.99 billion in market value. The sharp decline followed the early release of its third-quarter results, which included a lower-than-expected sales outlook for 2025. ASML now projects ...
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