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Struggling Ericsson Stock Surges on Better Q3 Earnings
1 month ago
Stocks news
Ericsson's shares rose by 7.6% on Tuesday following the release of its third-quarter earnings, which outperformed market expectations. Earlier in the day, the stock had climbed nearly 9% before settling at its current level. The Swedish telecom giant reported adjusted earnings ...
FTSE Russell Index to Add South Korean and Indian Bonds
1 month ago
Stocks news
In a significant move set to attract billions in foreign investment, South Korean and Indian government bonds will be added to FTSE Russell's global indices by 2025. South Korean government bonds will be included in the FTSE World Government Bond ...
Tesla’s Sales Rise in Q3 but Face Competitor Pressure
1 month ago
Stocks news
Tesla posted its first sales increase in the third quarter, delivering nearly 463,000 vehicles worldwide, representing a 6% rise year-over-year and a 4% increase from the second quarter. However, despite this boost, Tesla’s total deliveries for 2024, at 1.3 million ...
Muted iPhone 16 Sales Signal Slow Start for Apple
1 month ago
Stocks news
Apple’s expectations for the iPhone 16 to revive its sluggish sales have faced early challenges, with pre-sale data showing a lukewarm consumer response. Estimates suggest Apple sold around 37 to 40 million units during the first week of pre-sales, a ...
Stock Market Surges Amid Rate Cut and Economic Optimism
1 month ago
Stocks news
The stock market reached new highs this week as investors flocked to riskier assets like tech stocks and cryptocurrencies, following the Federal Reserve’s decision to cut interest rates by 0.5%. This marks a shift from its aggressive rate hikes, which ...
Mercedes-Benz Shares Slide as Chinese Demand Weakens
1 month ago
Stocks news
Mercedes-Benz saw its shares fall nearly 7% on Friday after lowering its full-year outlook, primarily due to a sharp decline in Chinese demand. The company now expects earnings before interest and taxes (EBIT) to be "significantly below" last year’s figures, ...
Nvidia Shares Surge as CEO Completes Stock Sales Early
1 month ago
Stocks news
Nvidia CEO Jensen Huang has completed the sale of over $700 million in company stock, months ahead of his prearranged plan. Huang had initiated a trading strategy in mid-March to sell up to six million shares by the end of ...
Oracle's Strong Performance Places it Second to Nvidia
2 months ago
Stocks news
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 among ...
Volvo Cars Downgrades Targets Amid Global Trade Challenges
2 months ago
Stocks news
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 ...
Nvidia Shares Drop Amid Shock Antitrust Probe
2 months ago
Stocks news
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 $279 ...
BYD Sets New Sales Record Amidst China’s EV Market Slowdown
2 months ago
Stocks news
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-thirds of ...
Dell Beats Expectations with Strong AI Server Sales Growth
2 months ago
Stocks news
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, surpassing the anticipated $24.53 billion, while ...
Nvidia's Blackwell Chip Delay Clouds Earnings Outlook
2 months ago
Stocks news
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-quarter results, ...
Temu Parent PDD Faces Sharp Decline Despite Strong Growth
2 months ago
Stocks news
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 revenue fell short ...
BMW Surpasses Tesla in European EV Sales
2 months ago
Stocks news
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%, totaling 14,561 vehicles. ...
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