Stocks News

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.The company, known ...

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, predominantly owned by ...

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 control in October 2021. The ...

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 ...

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 ($3.65 billion), which ...

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 announcement. The South Korean ...

Alphabet Inc.'s shares surged 14% after publishing an impressive first-quarter earnings report that exceeded Wall Street expectations. The tech giant announced a robust revenue increase of 15% year over year, reaching $80.54 billion, compared to the anticipated $78.59 billion. This marked ...

Meta, the parent company of Facebook, Instagram, and WhatsApp, saw a major drop in its stock value, plummeting by approximately 13% in premarket trading. This sharp decrease posed a threat to reduce its market value by nearly $163 billion. Despite reporting ...

TikTok, owned by the Chinese company ByteDance, is currently facing a critical moment in its existence. The U.S. government is mandating its sale to avoid a nationwide ban. With 170 million users in the U.S. alone, the outcome of this ...

Huawei, the Chinese technology giant, has launched its new Pura 70 series of smartphones, a major step in its bid to reclaim market dominance in China and ramp up competition with Apple. This move follows Huawei's strategic release of the Mate ...

The Bitcoin community is poised for the 2024 halving, a technical event that drastically reduces the cryptocurrency's supply by halving the mining rewards every four years, significantly impacting its market value. Unlike prior halvings, which were events only Bitcoin insiders knew ...

Samsung Electronics is on the verge of a major financial turnaround, forecasting an operating profit of approximately $4.9 billion for the first quarter, marking a huge contrast to the previous year's challenging performance. This projection not only shows an impressive 900% ...

Tesla experienced its first annual decline in sales since the onset of the pandemic, with competition from both Chinese and Western electric vehicle manufacturers impacting its market share. For the first quarter of this year, the company reported a production of ...

Xiaomi, the Chinese smartphone manufacturer, saw its shares soar by up to 16% to HK$17.34, reaching a peak not seen since January 2022, following the announcement of its entry into the electric vehicle market with the SU7 model. The SU7 is ...

In a turbulent period for Tesla, the electric vehicle giant saw a 29% drop in its stock value during the first quarter. It was the worst quarter since 2022 and the third worst quarter since the company went public in ...