Stocks News

BYD, a Chinese-owned carmaker backed by Warren Buffett, has become a significant player in the global automotive industry, challenging longtime EV leader Tesla. Previously dismissed by Elon Musk, BYD has overtaken Tesla as the leading seller of EVs worldwide and ...

Saudi Arabia's state oil company, Aramco, is reportedly planning to sell between $10 billion and $20 billion worth of its stock in a new offering, potentially as soon as this week. Currently, the Saudi state and its sovereign wealth fund, the ...

Budget airline Ryanair has reported a significant 34% increase in full-year profits, reaching €1.92 billion, driven by a 21% hike in average fares. This surge comes despite rising fuel costs and delays in the delivery of new Boeing planes, which ...

This year, the S&P 500’s utility sector has gained 14%, making it the third-best-performing category, surpassed only by information technology and communication services. This marks a notable turnaround from last year's decline, during which utility stocks fell by over 10%, ...

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 ...