Stocks news

BYD Surpasses Tesla as Leading EV Maker in 2023

BYD Surpasses Tesla as Leading EV Maker in 2023

Stocks news
3 months ago

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...

Spanish Stocks Rallied in 2023

Spanish Stocks Rallied in 2023

Stocks news
3 months ago

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 i...

Nike Unveils $2 Billion in Cost Cuts, Shares Fall

Nike Unveils $2 Billion in Cost Cuts, Shares Fall

Stocks news
4 months ago

Nike on Thursday unveiled plans to cut costs by about $2 billion over the next three years as it lowered its sales outlook.The stock fell about 10% after hours. Nike shares were up 4.7% so far this year through Thursday’s close, lagging far behind th...

Intel Releases New AI Chip to Challenge Nvidia and AMD

Intel Releases New AI Chip to Challenge Nvidia and AMD

Stocks news
4 months ago

On Thursday, Intel revealed its latest advancements in computer chips, featuring the Gaudi3, a new artificial intelligence chip tailored for generative AI applications. Slated for release next year, Gaudi3 aims to rival similar offerings from Nvidia...

Pfizer Shares Fall on Negative 2024 Profit Outlook

Pfizer Shares Fall on Negative 2024 Profit Outlook

Stocks news
4 months ago

Pfizer released a disappointing 2024 forecast on Wednesday, broadsiding shares as the pharmaceutical giant navigates a deep plunge in sales related to the Covid-19 pandemic.The company, which reported more than $100 billion in revenue in 2022 due to...

Google Shares Jump 5% on New AI Model

Google Shares Jump 5% on New AI Model

Stocks news
4 months ago

Shares of Google finished up 5% higher on Thursday, after the technology giant announced its latest artificial intelligence model. Gemini, as the model is called, is being billed as a direct competitor to products from OpenAI, Microsoft, and Meta.Par...

Apple’s Market Cap Closes Above $3 Trillion

Apple’s Market Cap Closes Above $3 Trillion

Stocks news
4 months ago

This week, Apple remarkably became the world’s first corporation to finish a trading day with a market cap above $3 trillion. Its shares are up almost 50% this year.Apple’s value officially passed the $3 trillion mark for the first time in June this...

Nvidia’s Revenue Soars as AI Chip Revolution Continues

Nvidia’s Revenue Soars as AI Chip Revolution Continues

Stocks news
5 months ago

Nvidia reported fiscal third-quarter results that surpassed Wall Street’s predictions. The chipmaker’s revenue grew 206% year over year during the quarter ending October 29.Revenue came in at $18.12 billion vs. an expected $16.18 billion. Earnings al...

Siemens Energy Suffers $4.9B Annual Loss

Siemens Energy Suffers $4.9B Annual Loss

Stocks news
5 months ago

Siemens Energy posted an annual loss of $4.9 billion in its earnings report released this week. The company’s wind turbine unit, Siemens Gamesa, is primarily responsible for the poor results.The German government is committed to ensuring that the cou...

Cisco Stock Falls after Product Order Slowdown

Cisco Stock Falls after Product Order Slowdown

Stocks news
5 months ago

Cisco Systems shares were down as much as 13% in extended trading on Wednesday after the networking hardware maker issued a dampened forecast for the current quarter and the full fiscal year.Revenue increased by 7.6% in the fiscal first quarter, whic...

Microsoft Closes at All-Time High on AI Excitement

Microsoft Closes at All-Time High on AI Excitement

Stocks news
5 months ago

Microsoft closed Tuesday’s trading session at record highs of $360.53, after renewed excitement about growth from an important partner in artificial intelligence. The 1.12% daily jump gives the technology giant a market value of about $2.68 trillion....

Shell Posts $6.2 Billion Third-Quarter Profit

Shell Posts $6.2 Billion Third-Quarter Profit

Stocks news
5 months ago

Oil giant Shell this week reported a $6.2 billion profit for the third quarter, in line with estimates, as the company received a boost from higher oil prices and refining margins.Profit was higher than the $5.1 billion in the second quarter, but mar...

Coke and Pepsi Stocks are Both Struggling

Coke and Pepsi Stocks are Both Struggling

Stocks news
5 months ago

Coca-Cola and PepsiCo’s stocks have struggled this year, hurt by higher interest rates and investor concerns about the possible negative impact of weight loss drugs like Wegovy.Despite that, both companies topped Wall Street’s estimates for their thi...

Amazon Revenue Jumps 13%

Amazon Revenue Jumps 13%

Stocks news
5 months ago

The e-commerce titan this week announced revenue of $143.1 billion for the quarter ending in September, showing a 13% rise from the same period last year and outstripping analysts’ estimates.The retailer reported quarterly profits of $9.9 billion, al...

Mercedes-Benz Shares Fall 6% as Profit Falls

Mercedes-Benz Shares Fall 6% as Profit Falls

Stocks news
5 months ago

Mercedes-Benz shares fell sharply on Thursday after the German carmaker reported a decline in profit and revenue as challenges from electric-vehicle competition and unstable supply chains affected its performance.Frankfurt-listed shares were down 6%,...

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