Stocks news

Huawei Returns to Challenge Apple’s Dominance in China

Huawei Returns to Challenge Apple’s Dominance in China

Stocks news
4 hours ago

Huawei, the Chinese technology giant, has launched its new Pura 70 series of smartphones, a major step in its bid to reclaim market dominance in China and ramp up competition with Apple. This move follows Huawei's strategic release of the Mate 6...

Bitcoin Halving 2024 Brings More Questions Than Answers

Bitcoin Halving 2024 Brings More Questions Than Answers

Stocks news
6 days ago

The Bitcoin community is poised for the 2024 halving, a technical event that drastically reduces the cryptocurrency's supply by halving the mining rewards every four years, significantly impacting its market value. Unlike prior halvings, which w...

Samsung Expects a Bumper 900% Surge in Profits

Samsung Expects a Bumper 900% Surge in Profits

Stocks news
1 week ago

Samsung Electronics is on the verge of a major financial turnaround, forecasting an operating profit of approximately $4.9 billion for the first quarter, marking a huge contrast to the previous year's challenging performance. This projection not...

Tesla Sales Drop Amid Intensifying EV Competition

Tesla Sales Drop Amid Intensifying EV Competition

Stocks news
2 weeks ago

Tesla experienced its first annual decline in sales since the onset of the pandemic, with competition from both Chinese and Western electric vehicle manufacturers impacting its market share. For the first quarter of this year, the company report...

Xiaomi's Stock Surges After it Releases its First EV

Xiaomi's Stock Surges After it Releases its First EV

Stocks news
2 weeks ago

Xiaomi, the Chinese smartphone manufacturer, saw its shares soar by up to 16% to HK$17.34, reaching a peak not seen since January 2022, following the announcement of its entry into the electric vehicle market with the SU7 model. The SU7 is compe...

Tesla's Bad Quarter Reveals Its Dominance is Waning

Tesla's Bad Quarter Reveals Its Dominance is Waning

Stocks news
2 weeks ago

In a turbulent period for Tesla, the electric vehicle giant saw a 29% drop in its stock value during the first quarter. It was the worst quarter since 2022 and the third worst quarter since the company went public in 2010. This performance made it th...

Amazon Invests Billions in AI Startup Anthropic

Amazon Invests Billions in AI Startup Anthropic

Stocks news
3 weeks ago

Amazon has announced a significant investment worth $2.75 billion in Anthropic, a San Francisco-based AI startup known for its competitive edge in generative AI. This brings Amazon's total promised investment to $4 billion. This investment is part of...

EV Maker Fisker in Grave Trouble as Shares Tank

EV Maker Fisker in Grave Trouble as Shares Tank

Stocks news
3 weeks ago

Despite the world’s inexorable march into an electrified automotive future, not all EV startups survive. Shares of Fisker, a California-based electric vehicle startup, were halted Monday. The company had warned in its March earnings call that cash wa...

Nvidia Has Serious AI Healthcare Ambitions

Nvidia Has Serious AI Healthcare Ambitions

Stocks news
3 weeks ago

Nvidia is making a big push into generative AI for surgery and medical imaging. The company recently announced the launch of roughly two dozen new AI-powered, healthcare-focused tools. It also reported significant deals with Johnson & Johnson and...

Tech Giants Google and Apple Eye AI Integration

Tech Giants Google and Apple Eye AI Integration

Stocks news
3 weeks ago

In what could be a landmark partnership reshaping the tech landscape, Google and Apple are considering incorporating Gemini's cutting-edge AI into the iPhone, stirring the stock market and signaling a new chapter in AI's consumer technology role.&nbs...

Shares of German Property Giant Vonovia Fall 7%

Shares of German Property Giant Vonovia Fall 7%

Stocks news
1 month ago

In an alarming moment for Germany's property market, Vonovia, a leading real estate firm, experienced a significant share price drop of 7% following the announcement of its largest ever annual loss. The company's financial struggles highlight the bro...

Tesla Stock Price Under Pressure

Tesla Stock Price Under Pressure

Stocks news
1 month ago

Tesla stock used to be a sure bet, but the automaker now finds itself in a precarious position as its stock falls. Since its peak in 2021 at $407, Tesla's shares have slid by approximately 60%. This decline makes it the worst-performing stock in the...

Adidas Reports 2023 Losses Linked to Kanye Fallout

Adidas Reports 2023 Losses Linked to Kanye Fallout

Stocks news
1 month ago

Adidas has reported losses from the fallout from terminating its collaboration with Kanye West. The partnership ended after the rapper sparked controversy with anti-Semitic remarks on social media, halting the lucrative Yeezy trainer line and leaving...

Obesity Pill Pushes Novo Nordisk to 12th Most Valuable Company

Obesity Pill Pushes Novo Nordisk to 12th Most Valuable Company

Stocks news
1 month ago

Novo Nordisk, the Danish pharmaceutical giant, surged to a new high in trading, marking an 8% increase in its shares. This ascent continues a trend seen over several months, driven by skyrocketing optimism surrounding weight-loss medications.Novo Nor...

Apple Slapped with Record $2 Billion EU Antitrust Fine

Apple Slapped with Record $2 Billion EU Antitrust Fine

Stocks news
1 month ago

In a groundbreaking move, the European Union has imposed a staggering $2 billion fine on Apple for violating competition regulations. This penalty marks the first of its kind on the US tech giant by the EU.Margrethe Vestager, the EU’s competition and...

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