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Nvidia Now World’s Most Valuable Company Despite China Setbacks
1 week 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 week 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 week 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
2 weeks 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
3 weeks 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
3 weeks 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
4 weeks 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
1 month 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
1 month 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
1 month 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
1 month 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 ...
Tesla’s Stock Slides Ahead of Earnings Report
1 month ago
Stocks News
Tesla shares tumbled nearly 6% to close at $227.50 on Monday, dragging year-to-date losses to 44% just one day before its first-quarter earnings report. This marks the 12th session in 2025 with a drop of more than 5%, proving how ...
Apple’s China Problem Isn’t Going Anywhere
1 month ago
Stocks News
Apple may have dodged the latest round of tariffs for now, but its reliance on China remains a critical vulnerability. Over 90% of the 220 million iPhones sold annually are manufactured in China, a country now hit by US tariffs ...
Netflix Reports Strong Q1 Earnings and 13% Revenue Jump
1 month ago
Stocks News
Netflix started 2025 with a bang, posting first-quarter revenue of $10.54 billion—up nearly 13% year over year and slightly above Wall Street’s forecast of $10.52 billion. Net income rose to $2.89 billion, or $6.61 per share, well ahead of the ...
Microsoft Reclaims Market Crown as Apple Shares Slide
1 month ago
Stocks News
Apple has slipped behind Microsoft in the position as the world’s most valuable public company, as intensifying fears over U.S. tariffs sent Apple shares tumbling 23% over the past four trading sessions. By Tuesday’s close, Microsoft’s market cap had climbed to ...
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