Stocks news

In a sign that even companies in the growing EV market can fail, Fisker, a US-based electric vehicle startup, filed for bankruptcy on Tuesday. The announcement followed a series of financial and operational setbacks. The company had previously w...

On Thursday, Apple surpassed Microsoft to become the most valuable public company in the United States, driven by significant announcements at its annual Worldwide Developers Conference. Among the highlights were new generative AI features for i...

Shein, the Chinese fast fashion giant that skyrocketed during the COVID-19 pandemic, is reportedly considering a £50bn (approximately $66bn) initial public offering (IPO) on the London Stock Exchange. The company could file the necessary paperwo...

Dell reported first-quarter earnings that surpassed analysts' expectations for both earnings and sales, solidifying its position as a leading vendor for AI-oriented servers. Despite this, Dell shares fell by about 12% in extended trading before recov...

BYD, a Chinese-owned carmaker backed by Warren Buffett, has become a significant player in the global automotive industry, challenging longtime EV leader Tesla. Previously dismissed by Elon Musk, BYD has overtaken Tesla as the leading seller of EVs w...

Saudi Arabia's state oil company, Aramco, is reportedly planning to sell between $10 billion and $20 billion worth of its stock in a new offering, potentially as soon as this week. Currently, the Saudi state and its sovereign wealth fund, the Pu...

Nvidia's already impressive performance was boosted by a remarkable 427% growth in its data centerbusiness in the latest quarter. This surge comes as companies continue to invest heavily in Nvidia's artificial intelligence processors.The critical cus...

Budget airline Ryanair has reported a significant 34% increase in full-year profits, reaching €1.92 billion, driven by a 21% hike in average fares. This surge comes despite rising fuel costs and delays in the delivery of new Boeing planes, which have...

This year, the S&P 500’s utility sector has gained 14%, making it the third-best-performing category, surpassed only by information technology and communication services. This marks a notable turnaround from last year's decline, during which util...

In the first quarter, the Chinese tech giant Tencent exceeded analyst expectations for both revenue and profit. This was driven by modest gains in its core gaming sector and enhanced profitability in its advertising and business services divisions.Th...

In further evidence of the rush to take part in the AI revolution, SoftBank Group's subsidiary, Arm, is ready to enter the artificial intelligence chip market by 2025, targeting a sector experiencing explosive growth. The British chip designer,...

Once a symbol of aviation excellence, Air India saw its reputation tarnished after years of operational losses and subpar service. Now, the airline is going through a positive transformation under the Tata Group's leadership, which resumed contr...

UBS, the Swiss banking giant, has announced a significant quarterly profit in the first quarter of 2024. This is the first profit UBS has recorded since acquiring the struggling Credit Suisse last year. The bank's net profit in Q1 2024 was $1.8...

Novo Nordisk, the European pharmaceutical heavyweight, exceeded Q1 profit forecasts due to high demand for weight loss drugs like Wegovy.The Danish company reported a net profit increase of 28% from last year, reaching 25.4 billion Danish kroner ($3....

Samsung Electronics reported a ten-fold surge in its Q1 operating profit, driven by robust demand for AI technologies and a tightening supply of high-end memory chips.This upswing in profits increased Samsung's shares by 1.8% following the announceme...