Stocks News

Shares of China’s Evergrande Group crashed again on Wednesday as fears grew of a potential liquidation of the company.The troubled developer’s stock closed down 19% at 4 US cents, putting its market cap at just $539 million. The collapse took ...

The attraction of owning stocks over less risky investments is at its lowest level in decades, despite the equity market’s upward climb this year.This year, the benchmark S&P 500 index gained a hefty 16%, buoyed largely by Wall Street's enthusiasm ...

Danish drugmaker Novo Nordisk is now Europe’s most valuable company, dethroning luxury goods giant LVMH.Shares of Novo Nordisk have spiked 40% so far this year, boosted by soaring demand for its weight-loss drugs Wegovy and Ozempic.Sales of the company’s two ...

Nvidia, the world’s leading chipmaker, is having a storming year, largely thanks to the growing interest in artificial intelligence (AI). After announcing a sales increase of 101% from the previous year, reaching $13.5 billion for the quarter that ended in ...

Shares of Chinese automaker BYD listed in China jumped more than 5% Tuesday, a day after posting a stellar increase in first-half profit.Thanks to record deliveries, the Chinese electric car maker on Monday posted a 204.68% jump in net profit ...

Shares of China Evergrande Group, the world's most debt-laden property developer, tumbled a staggering 87% upon opening on Monday, marking its first trades since March 21, 2022.Monday saw the stock drop to a paltry 22 Hong Kong cents, a steep ...

Nvidia shares climbed 6% in extended trading on Wednesday after the chipmaker smashed estimates for its fiscal second quarter and issued optimistic guidance for the current period.Revenue in the second quarter doubled from $6.7 billion a year earlier and increased ...

Big-box retailer Target missed its revenue mark on Wednesday and cut its yearly revenue predictions as shoppers contended with reduced spending power in the face of high inflation.The retailer also lowered its yearly sales and profit goals. This darker view ...

announcing another round of price cuts for select models in the booming Chinese market, intensifying the ongoing price tussle in the world's largest automobile market.The company announced a marked price reduction for its Model Y, with two variants set for ...

The 10-year US Treasury bond yield, which recently broke past the key 4% mark, kept rising last week and now rests at 4.16%, up from 2.87% a year ago.Bond yields play a vital role in most stock price models. In ...

The Walt Disney Company is raising prices for its Disney+ streaming service, following its third-quarter report showing financial struggles in almost all areas except international parks.Starting October 12, the ad-free subscription for Disney+ will cost nearly 30% more each month. ...

Apple's quarterly earnings edged slightly higher in its quarterly report this past Thursday, despite another decrease in overall revenue. The results were buoyed by a standout performance from itsservices sector, which managed to offset a dip in iPhone sales.While iPhone ...

In a display of steady growth, Netflix has bolstered its subscriber base by nearly 6 million and recorded an impressive revenue figure of $8.19 billion, a significant increase from the $7.97 billion reported in the prior year. This success has ...

Pharmaceutical giant Johnson & Johnson (J&J) revealed a jump in its second-quarter revenue and adjusted earnings, outperforming Wall Street's predictions. The result was attributed to strong growth in its medical technology (medtech) sector.Often seen as a bellwether for the wider ...

Global investors cautiously welcomed news of an agreement that could stave off a catastrophic US debt default. Global stocks and oil prices were higher on Monday. Germany's DAX (DAX) rose by 0.3% in early trading, while France's CAC 40 (CAC40) ...