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. ...

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% ...

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 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'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 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 ...

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, 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, ...

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 ...