Stocks news

Alphabet Shares Drop on Soft Cloud Performance

Alphabet Shares Drop on Soft Cloud Performance

Stocks news
5 months ago

Google’s parent company Alphabet reported 11% revenue growth in the third quarter, as a return in advertising bumped expansion into double digits for the first time in more than a year. However, company shares dropped almost 7% in late trading as its...

Tesla Third-Quarter Earnings Slow

Tesla Third-Quarter Earnings Slow

Stocks news
6 months ago

Tesla reported adjusted earnings of $2.3 billion in the quarter, or 66 cents a share, down 37% from a year earlier and the smallest profits it reported in two years. The company also missed on third-quarter revenue of $23.4 billion, up 9% from a...

Adidas Shares Climb After Guidance Raise

Adidas Shares Climb After Guidance Raise

Stocks news
6 months ago

Shares in Adidas gained 4% at the open on Wednesday after the sportswear company raised its guidance for the year in a surprise third-quarter results pre-release.The German sportswear giant projected a full-year operating loss of 100 million euros ($...

Baidu Says Its AI Can Compete With GPT-4

Baidu Says Its AI Can Compete With GPT-4

Stocks news
6 months ago

Chinese technology firm Baidu has unveiled ERNIE 4.0, the newest version of its artificial intelligence chatbot that it directly compared to the most advanced versionof OpenAI’s ChatGPT.Company officials say the tool has significantly improved its un...

Birkenstock to Target $8.6 Billion IPO Valuation

Birkenstock to Target $8.6 Billion IPO Valuation

Stocks news
6 months ago

German sandals maker Birkenstock will launch on the New York stock exchange on Wednesday in an initial public offering (IPO).Shares in the company will be priced at $46. This would be in the middle of the company's $44-49 target, giving it a market v...

Evergrande Stock Tumbles as Fears of Collapse Grow

Evergrande Stock Tumbles as Fears of Collapse Grow

Stocks news
6 months ago

Shares of China’s Evergrande Group crashed again on Wednesday as fears grew of a potential liquidation of the company.The troubled developer’s stock closed down 19% at 4 US cents, putting its market cap at just $539 million. The collapse took this we...

Apple Shares Tumble Amid China’s Increasing iPhone Restrictions

Apple Shares Tumble Amid China’s Increasing iPhone Restrictions

Stocks news
7 months ago

Apple shares fell for three straight days last week after reports of China’s proposed iPhone ban for government agencies and jobs.It was the latest move amid growing tech tensions between China and the United States. Shares of the world’s biggest pub...

Bonds Becoming as Attractive to Own as Stocks

Bonds Becoming as Attractive to Own as Stocks

Stocks news
7 months ago

The attraction of owning stocks over less risky investments is at its lowest level in decades, despite the equity market’s upward climb this year.This year, the benchmark S&P 500 index gained a hefty 16%, buoyed largely by Wall Street's enthusias...

Danish Drugmaker Novo Nordisk is Now Europe’s Most Valuable Company

Danish Drugmaker Novo Nordisk is Now Europe’s Most Valuable Company

Stocks news
7 months ago

Danish drugmaker Novo Nordisk is now Europe’s most valuable company, dethroning luxury goods giant LVMH.Shares of Novo Nordisk have spiked 40% so far this year, boosted by soaring demand for its weight-loss drugs Wegovy and Ozempic.Sales of the compa...

Nvidia’s Quarterly Sales Double Thanks to AI Boom

Nvidia’s Quarterly Sales Double Thanks to AI Boom

Stocks news
7 months ago

Nvidia, the world’s leading chipmaker, is having a storming year, largely thanks to the growing interest in artificial intelligence (AI). After announcing a sales increase of 101% from the previous year, reaching $13.5 billion for the quarter that en...

BYD Shares Jump after EV Maker Posts 200% Profit Surge

BYD Shares Jump after EV Maker Posts 200% Profit Surge

Stocks news
7 months ago

Shares of Chinese automaker BYD listed in China jumped more than 5% Tuesday, a day after posting a stellar increase in first-half profit.Thanks to record deliveries, the Chinese electric car maker on Monday posted a 204.68% jump in net profit for the...

Evergrande Shares Tank as Trading Resumes after 17 Months

Evergrande Shares Tank as Trading Resumes after 17 Months

Stocks news
7 months ago

Shares of China Evergrande Group, the world's most debt-laden property developer, tumbled a staggering 87% upon opening on Monday, marking its first trades since March 21, 2022.Monday saw the stock drop to a paltry 22 Hong Kong cents, a steep drop fr...

Nvidia Smashes Estimates with Bumper Earnings

Nvidia Smashes Estimates with Bumper Earnings

Stocks news
7 months ago

Nvidia shares climbed 6% in extended trading on Wednesday after the chipmaker smashed estimates for its fiscal second quarter and issued optimistic guidance for the current period.Revenue in the second quarter doubled from $6.7 billion a year earlier...

Target Cuts Full-Year Forecast

Target Cuts Full-Year Forecast

Stocks news
8 months ago

Big-box retailer Target missed its revenue mark on Wednesday and cut its yearly revenue predictions as shoppers contended with reduced spending power in the face of high inflation.The retailer also lowered its yearly sales and profit goals. This dark...

Tesla Stock Falls after Cutting Prices in China

Tesla Stock Falls after Cutting Prices in China

Stocks news
8 months ago

announcing another round of price cuts for select models in the booming Chinese market, intensifying the ongoing price tussle in the world's largest automobile market.The company announced a marked price reduction for its Model Y, with two variants s...

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