Stocks News

Volvo Cars has announced a significant reduction in its stake in Polestar, the electric vehicle manufacturer. By planning to distribute 62.7% of its Polestar holdings to shareholders, Volvo aims to refocus its resources towards its own transformation in the evolving ...

Last year marked a significant milestone in the artificial intelligence sector, with Nvidia emerging as the most prominent beneficiary. The chipmaker reported a staggering increase in its profits, which soared to nearly $12.3 billion in the final three months of ...

While there are concerns that decentralized finance (DeFi) could undercut the U.S. dollar's global dominance, Federal Reserve Governor Christopher Waller foresees a potential positive impact. At a recent banking conference, Waller emphasized the evolving payments landscape, including the boom in ...

Uber Technologies Inc. delivered an impressive performance in its fourth-quarter financial results, surpassing analysts' expectations on both revenue and earnings per share. The company's revenue saw a significant increase, reaching $9.94 billion, a 15% rise from the previous year, outpacing the ...

In a volatile week for Chinese stocks, the Shanghai Composite and Shenzhen Component indexes plummeted by 6.2% and 8.1% respectively, marking their steepest declines since late 2018. Since the beginning of the year, these indexes have diminished by over 8% ...

In a major shift in Asian financial markets, Japan's stock market is experiencing a significant resurgence, contrasting with the downturn of China's markets.  The Tokyo Stock Exchange, once overlooked by major investors, is now approaching its highest levels since December ...

Following Tesla's dismal quarter, which saw a 26% plunge in its stock and warned of slower sales growth, other tech giants prepare to navigate their own hurdles. Companies such as Nvidia, Microsoft, Meta Platforms, Amazon, Apple, and Alphabet, known as ...

Tesla shares plummeted 11% on Thursday, eroding $73 billion in market value in one day, after the electric carmaker's disappointing earnings call and warnings of slowing growth.  The firm's subdued outlook, predicting "notably lower" sales growth in 2024, stems from ...

Netflix experienced significant growth in the fourth quarter, surpassing expectations with over 13 million new subscribers, largely driven by international markets. The company's total subscriber count soared to 260.3 million, resulting in a 7% surge in stock prices post-announcement. Key strategies ...

In a tumultuous start to the year, shares of airline companies have felt the impact of several concurrent factors. The NYSE Arca Airline Index has plummeted 15%, significantly lagging behind the S&P 500's modest 0.6% decline.Boeing's woes have sent a ...

Boeing's stock experienced a significant drop following a report that cast doubts on the company's ability to clear a new federal safety audit. The concerns come in the wake of a recent incident involving an Alaska Airlines 737 Max 9, ...

Microsoft has reclaimed its position as the most valuable publicly traded company in the world, surpassing Apple, a title it had not held for most of the past decade. At the close of the market on Friday, Microsoft's stock price stood ...

Huawei, which endured years of decline due to geopolitical strife and US sanctions, saw its revenue soar in 2023, nearly reaching $100 billion. This marks a 9% increase from the $92.4 billion recorded in 2022 but still falls short of ...

The Chinese automaker BYD has surpassed Tesla as the world's largest electric car manufacturer by sales. In the final quarter of 2023, BYD delivered a record 525,409 battery electric vehicles (BEVs), while Tesla delivered 484,507. Despite Tesla still leading in overall ...

Surging by the biggest margin since 2009, Spain's top 35 companies saw an impressive aggregate growth of 22% in 2023. Reclaiming pre-pandemic levels, the Madrid IBEX 35 stock index reflected this strong performance.The main reasons behind the rally include the ...