Stocks news

Oil giant Saudi Aramco reported a net profit of $29.1 billion for the second quarter, reflecting a slight decline of over 3% compared to the same period last year due to reduced crude production volumes. The company's net income for the first ha...

US stock futures are set for a sharp decline on Monday for the third consecutive session as investor anxiety about the US economy intensifies. The July jobs report, revealing an unexpected rise in the unemployment rate to 4.3%, has heightened these c...

Qualcomm's third-quarter earnings beat Wall Street expectations, driven by a solid 12% year-over-year increase in smartphone chip sales, its biggest and most critical business segment. The company's overall revenue for the quarter reached $9.39...

McDonald’s has reported its first global sales drop in over three years as inflation-conscious consumers opt for cheaper alternatives and cut back on dining out. The fast-food giant saw a 1% decrease in worldwide sales during the April-June period, m...

Major tech earnings from Tesla and Alphabet are weighing on Wall Street, with futures indicating a lower opening on Wednesday. This negative sentiment is expected to extend to European markets.Tesla's shares dropped over 7% in extended trading follow...

Stellantis, the French-Italian-American automotive conglomerate, reported a significant drop in its first-half 2024 earnings. Net profit plunged to €5.6 billion, down 48% from the first half of 2023, and net revenue also fell 14% to €85.0 billion.Des...

Tesla's profit for the second quarter plummeted over 40% from the previous year, reflecting the electric vehicle maker's struggle against intensifying competition and slowing EV sales growth. This decline marks unfamiliar territory for a company...

On Wednesday, tech stocks took a major hit as investors offloaded the giants driving this year's massive rally. The Nasdaq Composite index plunged by 2.8%, marking its steepest drop since December 2022. Meanwhile, the S&P 500 fell by 1.4%, c...

Shares of Novo Nordisk and Eli Lilly fell on Wednesday following the announcement of promising early-stage trial data from Roche’s latest obesity drug candidate. Roche reported that its experimental once-daily pill demonstrated an average weight loss...

The investing world is brimming with optimism about artificial intelligence. According to Goldman Sachs, tech firms, utilities, and other companies plan to spend over $1 trillion on AI infrastructure in the coming years. This enthusiasm is refle...

Delta Air Lines anticipates record revenue for the third quarter driven by strong summer travel demand. However, the projection fell short of expectations as fare discounts offset expanded flight capacity. The airline expects a sales increase of...

Volkswagen shares fell on Wednesday after the company issued a profit warning and revealed it might close an Audi plant in Brussels. The automaker has revised its forecast for operating return on sales to a range of 6.5% to 7%, down from the previous...

Nike, the world's largest sportswear brand, reported lackluster growth amid intensifying competition, strategic missteps, and a decline in consumer spending in key markets. The company's sales increased by just 1% over the past year and remained flat...

Volkswagen Group plans to invest up to $5 billion in electric vehicle startup Rivian, starting with an initial investment of $1 billion. This first amount will be a convertible note, potentially converting to Rivian shares after December 1, 2024.&nbs...

Airbus shares dropped nearly 11% on Tuesday following the company's announcement of lowered targets for 2024, including aircraft deliveries and earnings projections. On Monday, Airbus revised its adjusted earnings before interest and taxes (EBIT) for...