Stocks news

Delta's Shares Dip Amid Competitive Fare Reductions

Delta's Shares Dip Amid Competitive Fare Reductions

Stocks news
3 days ago

Delta Air Lines anticipates record revenue for the third quarter driven by strong summer travel demand. However, the projection fell short of expectations as fare discounts offset expanded flight capacity. The airline expects a sales increase of...

Volkswagen Shares Wobble Amid Unstable EV Demand

Volkswagen Shares Wobble Amid Unstable EV Demand

Stocks news
4 days ago

Volkswagen shares fell on Wednesday after the company issued a profit warning and revealed it might close an Audi plant in Brussels. The automaker has revised its forecast for operating return on sales to a range of 6.5% to 7%, down from the previous...

Nike's Growth Slows Amidst New Competition and Bad Strategy

Nike's Growth Slows Amidst New Competition and Bad Strategy

Stocks news
2 weeks ago

Nike, the world's largest sportswear brand, reported lackluster growth amid intensifying competition, strategic missteps, and a decline in consumer spending in key markets. The company's sales increased by just 1% over the past year and remained flat...

Rivian Gets a Welcome $5 Billion Investment from Volkswagen

Rivian Gets a Welcome $5 Billion Investment from Volkswagen

Stocks news
2 weeks ago

Volkswagen Group plans to invest up to $5 billion in electric vehicle startup Rivian, starting with an initial investment of $1 billion. This first amount will be a convertible note, potentially converting to Rivian shares after December 1, 2024.&nbs...

Airbus Shares Plunge 11% Amid 2024 Guidance Cuts

Airbus Shares Plunge 11% Amid 2024 Guidance Cuts

Stocks news
2 weeks ago

Airbus shares dropped nearly 11% on Tuesday following the company's announcement of lowered targets for 2024, including aircraft deliveries and earnings projections. On Monday, Airbus revised its adjusted earnings before interest and taxes (EBIT) for...

EV Maker Fisker Files for Bankruptcy

EV Maker Fisker Files for Bankruptcy

Stocks news
3 weeks ago

In a sign that even companies in the growing EV market can fail, Fisker, a US-based electric vehicle startup, filed for bankruptcy on Tuesday. The announcement followed a series of financial and operational setbacks. The company had previously w...

Big Tech Firms Jostle For Most Valuable Company Title

Big Tech Firms Jostle For Most Valuable Company Title

Stocks news
1 month ago

On Thursday, Apple surpassed Microsoft to become the most valuable public company in the United States, driven by significant announcements at its annual Worldwide Developers Conference. Among the highlights were new generative AI features for i...

Shein Eyes £50bn UK Float Amid Controversy and Regulatory Scrutiny

Shein Eyes £50bn UK Float Amid Controversy and Regulatory Scrutiny

Stocks news
1 month ago

Shein, the Chinese fast fashion giant that skyrocketed during the COVID-19 pandemic, is reportedly considering a £50bn (approximately $66bn) initial public offering (IPO) on the London Stock Exchange. The company could file the necessary paperwo...

Dell Shares Dip Despite Strong AI Server Growth

Dell Shares Dip Despite Strong AI Server Growth

Stocks news
1 month ago

Dell reported first-quarter earnings that surpassed analysts' expectations for both earnings and sales, solidifying its position as a leading vendor for AI-oriented servers. Despite this, Dell shares fell by about 12% in extended trading before recov...

BYD's Rapid Rise Has Tesla in A Spin

BYD's Rapid Rise Has Tesla in A Spin

Stocks news
1 month ago

BYD, a Chinese-owned carmaker backed by Warren Buffett, has become a significant player in the global automotive industry, challenging longtime EV leader Tesla. Previously dismissed by Elon Musk, BYD has overtaken Tesla as the leading seller of EVs w...

Saudi Aramco Plans Major Share Offering

Saudi Aramco Plans Major Share Offering

Stocks news
1 month ago

Saudi Arabia's state oil company, Aramco, is reportedly planning to sell between $10 billion and $20 billion worth of its stock in a new offering, potentially as soon as this week. Currently, the Saudi state and its sovereign wealth fund, the Pu...

Nvidia Growth Surges Further on Data Center Business

Nvidia Growth Surges Further on Data Center Business

Stocks news
1 month ago

Nvidia's already impressive performance was boosted by a remarkable 427% growth in its data centerbusiness in the latest quarter. This surge comes as companies continue to invest heavily in Nvidia's artificial intelligence processors.The critical cus...

Ryanair Profits Surge After Fare Hikes

Ryanair Profits Surge After Fare Hikes

Stocks news
1 month ago

Budget airline Ryanair has reported a significant 34% increase in full-year profits, reaching €1.92 billion, driven by a 21% hike in average fares. This surge comes despite rising fuel costs and delays in the delivery of new Boeing planes, which have...

Utilities Surge Amid AI Boom

Utilities Surge Amid AI Boom

Stocks news
1 month ago

This year, the S&P 500’s utility sector has gained 14%, making it the third-best-performing category, surpassed only by information technology and communication services. This marks a notable turnaround from last year's decline, during which util...

Tencent Achieves Strong Profit Despite Gaming Challenges

Tencent Achieves Strong Profit Despite Gaming Challenges

Stocks news
2 months ago

In the first quarter, the Chinese tech giant Tencent exceeded analyst expectations for both revenue and profit. This was driven by modest gains in its core gaming sector and enhanced profitability in its advertising and business services divisions.Th...

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