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European Defence Firms Benefit From Military Spending Splash
2 days ago
Stocks News
Europe’s defence industry is booming, with job growth in the sector leaving the broader labormarket behind. EU countries have ramped up defence spending by over 30% since 2021, climbing from €214 billion to €326 billion by 2024, according to the ...
Nike Takes a $1 Billion Tariff Hit but Shares Jump on Recovery Hopes
5 days ago
Stocks News
Nike’s difficult year ended with more disappointing numbers, as revenues fell 10% to $46.3 billion and net income slumped 44% to $3.2 billion for the fiscal year ending May 2025. The final quarter was even worse, with revenue down 12% to ...
Tesla’s Market Share Slides in Europe as Chinese EVs Catch Up
1 week ago
Stocks News
Tesla’s European sales took another hit in May, marking the fifth consecutive monthly decline for the US-based electric vehicle maker. According to data from the European Automobile Manufacturers Association, Tesla registered just 13,863 new cars across the EU, UK, and EFTA ...
Asian Markets Edge Higher as US-China Talks Enter Day Two
3 weeks ago
Stocks News
Asian markets showed cautious optimism on Tuesday as investors tracked ongoing trade talks between the US and China in London, hoping for an easing of tariffs that have strained global supply chains and weighed on sentiment. Tokyo’s Nikkei 225 climbed 0.9% ...
Nvidia Now World’s Most Valuable Company Despite China Setbacks
1 month ago
Stocks News
Nvidia’s latest earnings report sparked a 5% jump in after-hours trading, pushing the chipmaker’s stock within 8% of its January peak. With fiscal Q1 2026 revenue climbing 69% to $44.1 billion and earnings per share reaching $0.96, Nvidia beat Wall ...
BYD Shares Fall on Discounts, But Outpaces Tesla in Europe
1 month ago
Stocks News
Shares of BYD dropped sharply this week after the Chinese EV giant announced sweeping price cuts across 22 models, triggering fresh worries about a price war in China’s already competitive electric vehicle market. BYD’s stock slid 4% in Tuesday’s Hong Kong ...
Xiaomi Ramps Up Chip and SUV Ambitions
1 month ago
Stocks News
Xiaomi marked its 15th anniversary with an ambitious double play: a high-performance electric SUV and a self-designed 3-nanometer smartphone chip, both unveiled at a livestreamed event in Beijing. The YU7 SUV, promising a driving range of 835 kilometers on a single ...
CATL Soars on Hong Kong Debut Despite Geopolitical Tensions
1 month ago
Stocks News
Shares of Contemporary Amperex Technology Co Limited (CATL), the world’s largest EV battery producer, leapt by as much as 18% in their Hong Kong trading debut, marking the biggest IPO of the year. The firm raised $4.55 billion, confirming investor confidence ...
Alibaba Shares Slide After Profit Miss
1 month ago
Stocks News
Alibaba shares dropped 5% in U.S. premarket trading on Thursday after the Chinese e-commerce giant missed expectations for both revenue and profit in its fiscal fourth quarter. Revenue came in at $32.6 billion, narrowly missing forecasts. However, net income was as ...
Nvidia Stock Rallies on US-Saudi AI Alliance
1 month ago
Stocks News
Nvidia shares surged 5.6% on Tuesday after the announcement of a major US-Saudi artificial intelligence investment initiative led by President Trump and Crown Prince Mohammed bin Salman. Despite this rally, Nvidia’s stock remained 4.5% lower year-to-date as of the 13 May ...
Tesla’s European Freefall Deepens
1 month ago
Stocks News
Tesla is in big trouble in Europe. This comes just as the continent’s appetite for electric vehicles is growing again. In April, Tesla’s sales dropped sharply in key markets—62% in the UK, 67% in Denmark, 74% in the Netherlands, 33% in ...
U.S. GDP Slips into the Red as Tariff Fears Bite
2 months ago
Stocks News
The U.S. economy shrank 0.3% in the first quarter of 2025, marking its first quarterly contraction since early 2022 and igniting fresh concerns about recession as the Trump administration embarks on a renewed tariff push. The unexpected downturn came as businesses ...
Coca-Cola Holds Steady in Trade War Crossfire
2 months ago
Stocks News
Coca-Cola posted better-than-expected first-quarter results and kept its full-year forecast intact, even as global trade tensions continued to rattle markets. The drinks giant reported adjusted earnings per share of 73 cents, just about beating analyst expectations of 71 cents. Revenue came ...
Alphabet Rallies on Strong Google Ads and Cloud Profit Boost
2 months ago
Stocks News
Alphabet shares surged nearly 5% in after-hours trading after reporting stronger-than-expected first-quarter earnings, driven largely by robust growth in its Google Search advertising. Overall revenue rose 12% year-on-year to $90.2 billion, comfortably beating analyst forecasts of $89.12 billion. Search advertising alone ...
Tariffs and Falling Vaccine Sales Dim Merck's Outlook
2 months ago
Stocks News
Merck has trimmed its full-year profit forecast, citing a $200 million hit from global tariffs and a one-time licensing charge. The vaccines titan now expects adjusted earnings between $8.82 and $8.97 per share in 2025, a notable downgrade from earlier ...
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