Stocks news

Rivian and Lucid Stocks Tumble Amid Disappointing Earnings

Rivian and Lucid Stocks Tumble Amid Disappointing Earnings

Stocks news
1 month ago

Despite the steady increase in electric vehicle adoption, not every EV maker is performing well. In a significant downturn, electric vehicle manufacturers Rivian and Lucid saw their share values drop sharply following their fourth-quarter earnings re...

Biotech’s Top Performers Offer Solid Diversification Options

Biotech’s Top Performers Offer Solid Diversification Options

Stocks news
1 month ago

For investors seeking value outside of the household name large market cap stocks in the technology sector, biotech, integral to the development of groundbreakingmedical innovations, offers investors a blend of high reward potential and moderate risk...

Volvo Drops 5% As It Reduces Stake in EV Maker Polestar

Volvo Drops 5% As It Reduces Stake in EV Maker Polestar

Stocks news
1 month ago

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...

Nvidia Profits Explode Thanks to AI

Nvidia Profits Explode Thanks to AI

Stocks news
2 months ago

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 thr...

DeFi Trading Could Boost the US Dollar's Strength, Says Fed Governor

DeFi Trading Could Boost the US Dollar's Strength, Says Fed Governor

Stocks news
2 months ago

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 evol...

Uber Surpasses Expectations with Strong Quarterly Performance

Uber Surpasses Expectations with Strong Quarterly Performance

Stocks news
2 months ago

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 billio...

Turbulence in Chinese Stock Markets Amid Economic Challenges

Turbulence in Chinese Stock Markets Amid Economic Challenges

Stocks news
2 months ago

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 o...

Japan's Stock Market Revival Overshadows China's Decline

Japan's Stock Market Revival Overshadows China's Decline

Stocks news
2 months ago

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 h...

Tech Giants Face Market Test After Tesla's Dismal Quarter

Tech Giants Face Market Test After Tesla's Dismal Quarter

Stocks news
2 months ago

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...

Tesla Shares Tumble as Earnings Disappoint

Tesla Shares Tumble as Earnings Disappoint

Stocks news
2 months ago

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 growt...

Netflix Wins More Subscribers, Stock Climbs

Netflix Wins More Subscribers, Stock Climbs

Stocks news
2 months ago

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%...

Airline Stocks Are Taking a Battering

Airline Stocks Are Taking a Battering

Stocks news
3 months ago

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 se...

Boeing's Stock Plunges Over New FAA Safety Concerns

Boeing's Stock Plunges Over New FAA Safety Concerns

Stocks news
3 months ago

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, where part of t...

Microsoft Surpasses Apple as Most Valuable Company

Microsoft Surpasses Apple as Most Valuable Company

Stocks news
3 months ago

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 at $388.47...

Huawei is Back to Nearly $100 Billion Revenue in 2023

Huawei is Back to Nearly $100 Billion Revenue in 2023

Stocks news
3 months ago

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 $123 billion...

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