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Oracle's Strong Performance Places it Second to Nvidia
8 months ago
Stocks News
Oracle's stock surged 11% on Tuesday following a strong earnings report, continuing its upward momentum on Wednesday with a closing price of $157.10, a record high. This year, Oracle's shares have risen by 49%, making it the second-best performer among ...
Volvo Cars Downgrades Targets Amid Global Trade Challenges
9 months ago
Stocks News
Volvo Cars adjusted its 2026 margin and revenue targets, stepping back from its ambitious goal of achieving 100% electric vehicle sales by 2030. The Swedish automaker, owned by China's Geely Holding, now projects an EBIT margin of 7-8%, a slight ...
Nvidia Shares Drop Amid Shock Antitrust Probe
9 months ago
Stocks News
The shares of stock market darling Nvidia have dropped by 2% in premarket trading following news of a Department of Justice (DOJ) antitrust investigation. This latest dip followed a more significant 10% drop during regular trading, which wiped nearly $279 ...
BYD Sets New Sales Record Amidst China’s EV Market Slowdown
9 months ago
Stocks News
In August, Chinese electric vehicle (EV) giant BYD achieved a new sales milestone, selling 370,854 passenger vehicles, a 30% year-on-year increase. This growth was largely driven by a 48% surge in hybrid vehicle sales, now accounting for nearly two-thirds of ...
Dell Beats Expectations with Strong AI Server Sales Growth
9 months ago
Stocks News
Dell Technologies exceeded Wall Street's expectations in its fiscal second quarter, driven by an impressive 80% surge in server sales, particularly those catering to artificial intelligence applications. The company reported revenue of $25.06 billion, surpassing the anticipated $24.53 billion, while ...
Nvidia's Blackwell Chip Delay Clouds Earnings Outlook
9 months ago
Stocks News
Nvidia is set to report its second-quarter earnings for fiscal 2025, with investors keenly watching for updates on its Blackwell chip despite recent delays. Nvidia’s stock has surged 161% this year, including a 35% jump since its impressive first-quarter results, ...
Temu Parent PDD Faces Sharp Decline Despite Strong Growth
9 months ago
Stocks News
Shares of PDD Holdings, the parent company of Temuand Pinduoduo, plummeted by nearly 29% following the release of its second-quarter earnings. The company's stock experienced its largest one-day loss since listing on the Nasdaq, dropping 28.57% as revenue fell short ...
BMW Surpasses Tesla in European EV Sales
9 months ago
Stocks News
In July, BMW emerged as the European electric vehicle market leader, overtaking Tesla for the first time. The German automaker sold 14,869 fully electric cars, marking a significant 35% year-on-year increase, while Tesla's sales dropped by 16%, totaling 14,561 vehicles. ...
Zeekr's Rapid-Charge Battery Challenges Tesla in the EV Market
9 months ago
Stocks News
U.S.-listed Chinese electric vehicle (EV) maker Zeekrhas unveiled a new battery technology that charges significantly faster than current offerings from competitors like Tesla. The new batteries, set to debut in Zeekr's 2025 007 sedan, can charge from 10% to 80% ...
Saudi Aramco's Q2 Profit Dips Amid Production Cuts
10 months ago
Stocks News
Oil giant Saudi Aramco reported a net profit of $29.1 billion for the second quarter, reflecting a slight decline of over 3% compared to the same period last year due to reduced crude production volumes. The company's net income for the ...
US Futures Tumble Amid Economic Fears
10 months ago
Stocks News
US stock futures are set for a sharp decline on Monday for the third consecutive session as investor anxiety about the US economy intensifies. The July jobs report, revealing an unexpected rise in the unemployment rate to 4.3%, has heightened ...
Qualcomm Beats Expectations Amid Strong Chip Sales Growth
10 months ago
Stocks News
Qualcomm's third-quarter earnings beat Wall Street expectations, driven by a solid 12% year-over-year increase in smartphone chip sales, its biggest and most critical business segment. The company's overall revenue for the quarter reached $9.39 billion, exceeding the anticipated $9.22 billion, while ...
McDonald’s Global Sales Fall for the First Time in Three Years
10 months ago
Stocks News
McDonald’s has reported its first global sales drop in over three years as inflation-conscious consumers opt for cheaper alternatives and cut back on dining out. The fast-food giant saw a 1% decrease in worldwide sales during the April-June period, marking ...
Big Tech Struggles: Tesla and Alphabet Disappoint Markets
10 months ago
Stocks News
Major tech earnings from Tesla and Alphabet are weighing on Wall Street, with futures indicating a lower opening on Wednesday. This negative sentiment is expected to extend to European markets.Tesla's shares dropped over 7% in extended trading following disappointing second-quarter ...
Stellantis H1 2024 Profits Decline Sharply Amid Falling Sales
10 months ago
Stocks News
Stellantis, the French-Italian-American automotive conglomerate, reported a significant drop in its first-half 2024 earnings. Net profit plunged to €5.6 billion, down 48% from the first half of 2023, and net revenue also fell 14% to €85.0 billion.Despite these financial setbacks, ...
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