Stocks news

Meta Platforms, Facebook's parent company, reported a higher-than-expected increase in quarterly revenue on Wednesday, with figures reaching $32 billion for the quarter ending in June. This 11% uptick compared to the same quarter in the previous year...

In a display of steady growth, Netflix has bolstered its subscriber base by nearly 6 million and recorded an impressive revenue figure of $8.19 billion, a significant increase from the $7.97 billion reported in the prior year. This success has been a...

Pharmaceutical giant Johnson & Johnson (J&J) revealed a jump in its second-quarter revenue and adjusted earnings, outperforming Wall Street's predictions. The result was attributed to strong growth in its medical technology (medtech) sector.O...

Global investors cautiously welcomed news of an agreement that could stave off a catastrophic US debt default. Global stocks and oil prices were higher on Monday. Germany's DAX (DAX) rose by 0.3% in early trading, while France's CAC 40 (CAC40) saw a...

Driven by the stellar rise of AI technologies, shares of chip maker Nvidia exploded 28% higher Thursday after reporting earnings and sales that surged well above Wall Street’s already-high expectations. It was enough to make investors temporaril...

Big-tech giants Microsoft, Meta, Alphabet and Amazon are all expected to report earnings this coming week. Investors in key markets will be watching closely as global focus moves away from bank earnings.With lingering uncertainty about the Federal Re...

Shares of Google’s parent company Alphabet slumped more than 3% on Monday after a concerning report suggesting its search powerhouse could surrender significant market share to AI-powered rivals, especially Microsoft’s Bing.Mobile phone giant Samsung...

Stocks around the globe rallied Tuesday as worries over the international banking sector abated in response to a raft of interventions by policymakers. The Dow Jones Industrial index was trading 0.5% higher in late morning trade, while the S&...

Tesla stock has skyrocketed 70% in the past month, crushing short sellers who bet against it. Hedge funds that traded against Tesla lost $7.6 billion over the past 30 days, making it the least profitable short of the year so far.In share investing, s...

Microsoft Corporation intends to cut thousands of jobs, with some of the roles eliminated expected to come from key divisions like human resources and engineering.The layoffs would underscore a worrying trend among US technology firms. Amazon and Met...

Tesla has trimmed its prices in China again, the second time in under three months, causing speculation of a price war as demand weakens due to monetary tightening measures taking place in developed countries around the world.The automaker has also c...

Apple Inc’s total stock market value slipped on Tuesday, falling below $2 trillion for the first time since early 2021, exactly one year to the day the company became the first public tech company valued at $3 trillion.Apple’s shares fell 4% to $124....

Concerns about rising interest rates are buffeting Wall Street this week. Following firmer-than-expected reports on the US economy, the Dow Jones Industrial Average tumbled more than 700 points, or 2.2%. The S&P 500 also fell, shedding 2.7%, brin...

China’s main stock indices and its currency opened the trading week lower on Monday, after significant protests against the country’s harsh COVID-19 restrictions shook investors.The benchmark Shanghai Composite fell 2.2% in early trading. The Shenzhe...

Consumer price growth in the 19 countries that use the euro has raced to 10.7% in October from 9.9% in September. This latest data is putting pressure on the European Central Bank (ECB) to act more aggressively to tackle inflation.A key inflationary...