Stocks news

Stellantis, the French-Italian-American automotive conglomerate, reported a significant drop in its first-half 2024 earnings. Net profit plunged to €5.6 billion, down 48% from the first half of 2023, and net revenue also fell 14% to €85.0 billion.Des...

Tesla's profit for the second quarter plummeted over 40% from the previous year, reflecting the electric vehicle maker's struggle against intensifying competition and slowing EV sales growth. This decline marks unfamiliar territory for a company...

On Wednesday, tech stocks took a major hit as investors offloaded the giants driving this year's massive rally. The Nasdaq Composite index plunged by 2.8%, marking its steepest drop since December 2022. Meanwhile, the S&P 500 fell by 1.4%, c...

Shares of Novo Nordisk and Eli Lilly fell on Wednesday following the announcement of promising early-stage trial data from Roche’s latest obesity drug candidate. Roche reported that its experimental once-daily pill demonstrated an average weight loss...

The investing world is brimming with optimism about artificial intelligence. According to Goldman Sachs, tech firms, utilities, and other companies plan to spend over $1 trillion on AI infrastructure in the coming years. This enthusiasm is refle...

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 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, 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...

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 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...

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...

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, 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 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, 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...