Stocks News

Chinese EV heavyweight BYD has outpaced Tesla with a remarkable annual revenue of $107 billion in 2024, achieving a significant 29% growth over the previous year. This surge comes from BYD’s impressive delivery volume of 4.27 million vehicles, which includes fully ...

German software heavyweight SAP has just claimed the crown as Europe’s most valuable publicly traded company, surpassing Danish pharmaceutical giant Novo Nordisk. SAP's share price increased over 1% during morning trading in Frankfurt, further boosting its impressive 40% growth over the ...

Global sportswear brand Nike is bracing for a challenging fourth quarter, projecting a sales drop in the mid-teens percentage range, far worse than Wall Street’s forecast of an 11.4% decline. The sports apparel giant also expects its gross margin to shrink ...

Tencent posted a strong fourth-quarter performance, with profits surging 90%, driven by growth in gaming and advertising revenue. Domestic games revenue in China jumped 23% year-on-year to 33.2 billion yuan, fueled by a low base from the previous year and ...

BMW reported a significant 37% drop in annual net profit due to sluggish demand in China and growing tariff-related challenges. Net profit fell sharply year-over-year, sending the figure down from its previous levels, as annual earnings margins for cars shrank to ...

Porsche’s shares fell 4.9% in Frankfurt on Wednesday after the company issued its second profit warning in two months, pointing out falling sales and mounting costs. The company reported group sales revenue of €40.1 billion for 2024, down 1% from the ...

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 ...