Stocks News

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%, contrasting with ...

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 of 6.1% over four ...

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 reflected in the performance of ...

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 no more than 4%, ...

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%, ...

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 in the most ...

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. The remaining ...

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) forecast to approximately €5.5 billion ($5.9 ...

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 warned of its ...

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 paperwork with the Financial Conduct Authority (FCA) ...

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 recovering. In February, Dell's earnings per ...

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 worldwide and ...

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 ...

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 ...

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 utility stocks fell by over 10%, ...