Stocks news

Oracle's Strong Performance Places it Second to Nvidia

Oracle's Strong Performance Places it Second to Nvidia

Stocks news
2 days ago

Oracle's stock surged 11% on Tuesday following a strong earnings report, continuing its upward momentum on Wednesday with a closing price of $157.10, a record high. This year, Oracle's shares have risen by 49%, making it the second-best performer amo...

Volvo Cars Downgrades Targets Amid Global Trade Challenges

Volvo Cars Downgrades Targets Amid Global Trade Challenges

Stocks news
1 week ago

Volvo Cars adjusted its 2026 margin and revenue targets, stepping back from its ambitious goal of achieving 100% electric vehicle sales by 2030. The Swedish automaker, owned by China's Geely Holding, now projects an EBIT margin of 7-8%, a slight decr...

Nvidia Shares Drop Amid Shock Antitrust Probe

Nvidia Shares Drop Amid Shock Antitrust Probe

Stocks news
1 week ago

The shares of stock market darling Nvidia have dropped by 2% in premarket trading following news of a Department of Justice (DOJ) antitrust investigation. This latest dip followed a more significant 10% drop during regular trading, which wiped nearly...

BYD Sets New Sales Record Amidst China’s EV Market Slowdown

BYD Sets New Sales Record Amidst China’s EV Market Slowdown

Stocks news
1 week ago

In August, Chinese electric vehicle (EV) giant BYD achieved a new sales milestone, selling 370,854 passenger vehicles, a 30% year-on-year increase. This growth was largely driven by a 48% surge in hybrid vehicle sales, now accounting for nearly two-t...

Dell Beats Expectations with Strong AI Server Sales Growth

Dell Beats Expectations with Strong AI Server Sales Growth

Stocks news
2 weeks ago

Dell Technologies exceeded Wall Street's expectations in its fiscal second quarter, driven by an impressive 80% surge in server sales, particularly those catering to artificial intelligence applications. The company reported revenue of $25.06 billion...

Nvidia's Blackwell Chip Delay Clouds Earnings Outlook

Nvidia's Blackwell Chip Delay Clouds Earnings Outlook

Stocks news
2 weeks ago

Nvidia is set to report its second-quarter earnings for fiscal 2025, with investors keenly watching for updates on its Blackwell chip despite recent delays. Nvidia’s stock has surged 161% this year, including a 35% jump since its impressive first-qua...

Temu Parent PDD Faces Sharp Decline Despite Strong Growth

Temu Parent PDD Faces Sharp Decline Despite Strong Growth

Stocks news
2 weeks ago

Shares of PDD Holdings, the parent company of Temuand Pinduoduo, plummeted by nearly 29% following the release of its second-quarter earnings. The company's stock experienced its largest one-day loss since listing on the Nasdaq, dropping 28.57% as re...

BMW Surpasses Tesla in European EV Sales

BMW Surpasses Tesla in European EV Sales

Stocks news
3 weeks ago

In July, BMW emerged as the European electric vehicle market leader, overtaking Tesla for the first time. The German automaker sold 14,869 fully electric cars, marking a significant 35% year-on-year increase, while Tesla's sales dropped by 16%, total...

Zeekr's Rapid-Charge Battery Challenges Tesla in the EV Market

Zeekr's Rapid-Charge Battery Challenges Tesla in the EV Market

Stocks news
1 month ago

U.S.-listed Chinese electric vehicle (EV) maker Zeekrhas unveiled a new battery technology that charges significantly faster than current offerings from competitors like Tesla. The new batteries, set to debut in Zeekr's 2025 007 sedan, can charge fro...

Saudi Aramco's Q2 Profit Dips Amid Production Cuts

Saudi Aramco's Q2 Profit Dips Amid Production Cuts

Stocks news
1 month ago

Oil giant Saudi Aramco reported a net profit of $29.1 billion for the second quarter, reflecting a slight decline of over 3% compared to the same period last year due to reduced crude production volumes. The company's net income for the first ha...

US Futures Tumble Amid Economic Fears

US Futures Tumble Amid Economic Fears

Stocks news
1 month ago

US stock futures are set for a sharp decline on Monday for the third consecutive session as investor anxiety about the US economy intensifies. The July jobs report, revealing an unexpected rise in the unemployment rate to 4.3%, has heightened these c...

Qualcomm Beats Expectations Amid Strong Chip Sales Growth

Qualcomm Beats Expectations Amid Strong Chip Sales Growth

Stocks news
1 month ago

Qualcomm's third-quarter earnings beat Wall Street expectations, driven by a solid 12% year-over-year increase in smartphone chip sales, its biggest and most critical business segment. The company's overall revenue for the quarter reached $9.39...

McDonald’s Global Sales Fall for the First Time in Three Years

McDonald’s Global Sales Fall for the First Time in Three Years

Stocks news
1 month ago

McDonald’s has reported its first global sales drop in over three years as inflation-conscious consumers opt for cheaper alternatives and cut back on dining out. The fast-food giant saw a 1% decrease in worldwide sales during the April-June period, m...

Big Tech Struggles: Tesla and Alphabet Disappoint Markets

Big Tech Struggles: Tesla and Alphabet Disappoint Markets

Stocks news
1 month ago

Major tech earnings from Tesla and Alphabet are weighing on Wall Street, with futures indicating a lower opening on Wednesday. This negative sentiment is expected to extend to European markets.Tesla's shares dropped over 7% in extended trading follow...

Stellantis H1 2024 Profits Decline Sharply Amid Falling Sales

Stellantis H1 2024 Profits Decline Sharply Amid Falling Sales

Stocks news
1 month ago

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...

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