Stocks news

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 ($...

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...

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...

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 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...

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, 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, 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...

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...

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 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...

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...

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...

The 10-year US Treasury bond yield, which recently broke past the key 4% mark, kept rising last week and now rests at 4.16%, up from 2.87% a year ago.Bond yields play a vital role in most stock price models. In the Capital Asset Pricing Model (CAPM),...

The Walt Disney Company is raising prices for its Disney+ streaming service, following its third-quarter report showing financial struggles in almost all areas except international parks.Starting October 12, the ad-free subscription for Disney+ will...