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Tesla Stock Surges on Post-Election Optimism
3 months ago
Stocks News
Tesla shares soared to a record high of $424.77 on Wednesday, beating the previous peak of $409.97 set in 2021. This milestone caps a remarkable run for the electric vehicle maker, whose stock has climbed an astonishing 71% this year. Much ...
Alphabet Shares Surge as Google Advances Quantum Computing
3 months ago
Stocks News
Alphabet shares jumped 6% following Google’s announcement of “Willow,” its latest quantum computing chip. It is a meaningful leap in the race for quantum supremacy. The chip, which boasts a staggering 100 qubits, outperformed its predecessor from 2019 in key ...
Bitcoin Hits the Magical $100,000 Mark
3 months ago
Stocks News
Bitcoin skyrocketed to the magical $100,000 mark on Wednesday, reaching a historic milestone fueled by President-elect Donald Trump’s announcement of pro-crypto appointees. Paul Atkins, a former (Securities and Exchange Commission) SEC commissioner and cryptocurrency advocate, is set to lead the SEC, ...
Intel Struggles to Reclaim Its Place in Tech
3 months ago
Stocks News
Intel, once the undisputed king of computer chips, is now battling to stay relevant in a rapidly shifting tech landscape. The company’s all-time stock high of August 31, 2000, feels like a distant memory, with shares now down 68% from ...
Germany’s DAX Defies Economic Trouble with Record Highs
4 months ago
Stocks News
Germany’s DAX continues to defy expectations while flying high, hitting a new all-time high with a 1.57% gain on Monday, pushing it near the psychological 20,000 mark. Up an impressive 19% year-to-date, the DAX is Europe’s strongest performer, even as ...
Chinese Automakers Surge Ahead of Delivery Targets
4 months ago
Stocks News
Chinese automakers are finishing the year with impressive results, smashing their annual delivery goals ahead of schedule. BYD, the country's electric vehicle leader, delivered 504,003 passenger cars in November, pushing its year-to-date total to 3.74 million. This beats its 2023 ...
Carmaker Shares Fall as Tariff Threats Loom Over North America
4 months ago
Stocks News
Automaker stocks took a hit Tuesday as President-elect Donald Trump announced plans to impose a 25% tariff on imports from Mexico and Canada, shaking investor confidence. This move targets a vital aspect of the auto industry, which has long relied on ...
Nvidia’s Revenue Continues to Soar on AI Growth
4 months ago
Stocks News
Nvidia’s Q3 performance exceeded even the usual lofty expectations of the company, driven by unrelenting demand for its AI-focused chips. Revenue surged to $35.08 billion, up 94% from a year ago and ahead of the $33.16 billion analysts predicted. Adjusted ...
Samsung's Planned $7 Billion Buyback Causes Stock Surge
4 months ago
Stocks News
Samsung shares rallied over 7% on Monday after announcing a bold and unexpected $7.19 billion share buyback plan. This announcement comes on the heels of a 7.21% jump in Samsung’s stock on Friday, following news of a preliminary agreement with its ...
Alibaba Profits Go Up Despite Soft Sales
4 months ago
Stocks News
Chinese e-commerce giant Alibaba saw its net income soar 58% year-on-year in the September quarter, reaching $6.07 billion. This eye-popping growth, largely driven by gains in equity investments and reduced impairments, beat many analysts’ expectations. However, sluggish revenue growth of ...
AMD to Cut Workforce in Evolving AI Chip Strategy
4 months ago
Stocks News
Chipmaker AMD announced it will lay off 4% of its global staff as it attempts to consolidate its place in the growing AI chip market that is dominated by rival Nvidia. This announcement means that roughly 1000 of the company’s ...
Bayer Shares Slide on Weak Q3 Results
4 months ago
Stocks News
Bayer's shares dropped on Tuesday from 12.12% to €21.46 as the company reported unimpressive third-quarter results. Net sales for Q3 2024 were down at €10.0 billion, compared to €10.3 billion in the same period last year. Performance was mixed across Bayer’s ...
Euro Suffers Steep Drop After Trump Victory
4 months ago
Stocks News
The euro plunged to $1.0740, down 1.75%, marking its worst drop since March 2020. This decline came on the back of a surging U.S. dollar, driven by a Trump victory in the U.S. presidential race. Expectations of lower corporate taxes and ...
Honda’s Profits Slide From Poor Car Sales in China
4 months ago
Stocks News
Honda reported a 20% drop in profit for the first half of its fiscal year, mainly due to a slowdown in car sales, especially in China. For the period from April to September, Honda’s profits were €2.9 billion, down from ...
Nintendo’s Profits Plummet on Poor Switch Sales
4 months ago
Stocks News
Nintendo’s second-quarter ending March 2025 showed a sharp 69% drop in net profit, driven by softening demand for its Switch console, which, at seven years old, is ancient in technology terms.The gaming giant changed its sales forecast for the console, ...
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