Stocks News

Alibaba’s latest move in the artificial intelligence race has sent its shares surging, with Hong Kong-listed stock closing 8% higher following the announcement of its new AI reasoning model, QwQ-32B. The news also lifted the Hang Seng China Enterprises Index, which ...

European defense stocks soared Monday as investors braced for a surge in military spending across the continent. The STOXX Europe Total Market Aerospace & Defense index jumped 7.9% by early afternoon, its biggest one-day gain in five years, pushing its ...

Global markets took a hit after President Donald Trump stressed plans to impose a 25% tariff on imports from the European Union, reigniting fears of a trade war. European stocks opened lower on Thursday, with the STOXX 600 slipping 0.7%, Germany’s ...

Tesla’s stock took an 8% dive on Tuesday, dragging its market capitalization below the $1 trillion mark for the first time since November. The sharp decline followed data showing Tesla’s European sales collapsed by 45% in January, a stark contrast to ...

Berkshire Hathaway ended 2024 with a major surge in operating earnings, driven by a stellar performance in insurance, while its cash reserves swelled to a record-breaking $334.2 billion. The conglomerate, led by Warren Buffett, saw operating profit jump 71% in the ...

Rivian Automotive, the upstart US electric vehicle maker, saw its stock dip 3% in premarket trading on Friday, despite delivering its strongest quarter yet. The automaker reported record Q4 revenue, driven by robust regulatory credit sales and an uptick in ...

Alibaba shares soared in premarket trading after the Chinese tech giant reported a robust quarterly profit fueled by strong performance in its Cloud Intelligence unit and e-commerce operations. Net income surged to $6.72 billion for the December quarter, surpassing analyst expectations ...

Arm Holdings, the British chip designer known for licensing its processor architecture to companies like Apple, Nvidia, and Qualcomm, is reportedly set to manufacture its own chips in 2025. This shift is a major pivot from its traditional business model ...

China’s leading EV battery manufacturer, Contemporary Amperex Technology (CATL), is gearing up for a major listing in Hong Kong, targeting at least $5 billion in fresh capital. After raising $6.7 billion in Shenzhen in 2022, this marks its second public ...

Amazon delivered better-than-expected fourth-quarter earnings, but its weaker guidance sent investors scrambling. The stock slid over 4% in extended trading, even after a 9% year-to-date gain and a massive 44% rally in 2024. The e-commerce and cloud giant is facing ...

Auto stocks took a beating on Monday after U.S. President Donald Trump pushed ahead with sweeping tariffs on imports from Canada, Mexico, and China, reigniting fears of a trade war. General Motors plunged 8% in U.S. pre-market trading, while Ford ...

Shell’s 2024 earnings landed below market expectations, reflecting weaker trading margins, exploration write-offs, and softer crude prices in the last quarter. The British oil giant posted an adjusted full-year profit of $23.72 billion, down from $28.25 billion in 2023. Analysts had ...

US stocks took a hit Monday as a surprising development from Chinese AI startup DeepSeek rattled the tech sector. Nvidia, the dominant supplier of AI chips, led the losses, shedding a staggering 17% in value. This amounted to $588.8 billion ...

Netflix shares surged over 10% in after-hours trading following a blockbuster fourth quarter that exceeded market expectations. Total revenue climbed 16% year-on-year to $10.25 billion, surpassing the $10.11 billion analysts anticipated. Earnings per share more than doubled to $4.27, up ...

Apple shares tumbled 4% on Thursday, marking their worst day since August 5, amid growing concerns over declining iPhone sales in China. The stock has now fallen nearly 12% from its December peak, making it the poorest performer among the ...