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Latest Stock Market News
Latest Stock Market News
03:26am, Friday, Jul 12, 2024
Intel (NASDAQ: INTC) aims to reach $1 billion in software revenue by 2027, driven by significant strides in AI, performance, and security. Greg Lavender, CTO, is pivotal in this shift, with the company actively acquiring software firms and focusing on open-source projects like Triton and the UXL ...
08:21am, Thursday, Jul 11, 2024
Thursday markets: S&P 500 reaches new high led by chip stocks, Costco (COST) increases membership fees, and PepsiCo (PEP) underperforms on Q2 revenue.
06:02am, Thursday, Jul 11, 2024
TSMC (NYSE: TSM) has surged 38% since April 29, fueled by AI demand and strategic partnerships with companies like Nvidia. However, geopolitical risks and rising valuations could temper further gains. TSMC's diversification efforts aim to reduce Taiwan-specific risks but come at higher costs.
05:52am, Thursday, Jul 11, 2024
Tesla and BMW face new EU tariffs on China-made EVs, leading to price hikes. Tesla warns of a €1,500 increase, requesting a recalculation of its 20.8% tariff. BMW seeks a reduction from 37.6% to 20.8% for its Mini EV. Market volatility expected as tariff decisions loom.
02:57am, Thursday, Jul 11, 2024
PepsiCo (NASDAQ: PEP) reports Q2 earnings today. Analysts expect $22.62B in revenue and $2.16 EPS. Explore expected performance and market conditions impacting PEP stock.
09:12am, Wednesday, Jul 10, 2024
S&P 500 and Nasdaq hit record highs. Fed warns of risks from high interest rates. UiPath cuts 10% of its workforce. Samsung launches the Galaxy Ring. All you need to know about today's markets.
05:20am, Wednesday, Jul 10, 2024
WD-40 to announce Q2 earnings today. Analysts expect 2.9% revenue growth to $145.8M.
03:26am, Wednesday, Jul 10, 2024
Shares of Kokusai Electric (TYO: 6525) fell by 9% as KKR announced plans to divest nearly half of its 43% stake in the company. Despite the plunge, the semiconductor equipment firm, which has surged 75% in 2023, plans a share buyback. Investors see potential entry points amidst market fluctuations.
03:24am, Wednesday, Jul 10, 2024
Yokohama Rubber (TYO: 5101) is reportedly negotiating to acquire Goodyear's (NASDAQ: GT) off-road tyre division for over $1 billion. This news has caused Yokohama's stock to dip by 4.5%. Investors are optimistic about the potential long-term benefits. Stay tuned!
03:21am, Wednesday, Jul 10, 2024
Taiwan Semiconductor Manufacturing Co. (TAIEX: TSM) reported a significant Q2 revenue growth, driven by high AI demand and surpassing market expectations with T$673.51 billion ($20.67 billion). This 32% YoY increase boosts TSMC ahead of their July 18 earnings report.
03:17am, Wednesday, Jul 10, 2024
**Microsoft Adjusts Role with OpenAI Amid Regulatory Scrutiny**
Microsoft (NASDAQ: MSFT) has relinquished its observer seat on OpenAI’s board following significant governance improvements at the AI startup. Despite Apple's (NASDAQ: AAPL) anticipation to fill the non-voting observer role, it has ...
08:51am, Tuesday, Jul 09, 2024
S&P 500 and Nasdaq hit record highs. Key inflation data and Fed testimony in focus. Crude prices dip post-Hurricane Beryl. Netflix stock rises. These and more in today's market recap.
07:27am, Tuesday, Jul 09, 2024
Lucid Group (NASDAQ: LCID) is recalling 5,251 Air sedans due to a software issue affecting the coolant heater, potentially causing power loss. Despite this, Lucid's proactive fixes and better-than-expected Q2 deliveries reflect resilience. Monitor market reactions closely.
04:45am, Tuesday, Jul 09, 2024
Nvidia (NASDAQ: NVDA) could see a 16% rally, driven by high demand for its upcoming Blackwell chip, according to UBS. UBS raised Nvidia’s 12-month price target to $150, citing strong supply chain interest and potential EPS of $5 by 2025. Analysts recommend a 'Buy' rating.
04:42am, Tuesday, Jul 09, 2024
Meta (NASDAQ: META) and Vodafone (NASDAQ: VOD) team up to boost mobile network efficiency across 11 European countries, focusing on optimizing video content delivery. With video comprising 73% of mobile traffic and a 25% spike in global data usage, this collaboration aims to reduce operational co...
04:38am, Tuesday, Jul 09, 2024
Porsche's Global Deliveries Slump 7% in H1, China Market Takes 33% Hit Amid EU-China Tariff Tensions
Porsche AG's H1 global deliveries fell 7%, with a notable 33% drop in China due to EU-China tariff disputes. Total deliveries were 155,945, with North America down 6%. In contrast, German sales rose 22%, totaling 20,811 units. Read more at StockInvest.us.
04:36am, Tuesday, Jul 09, 2024
Disney (NYSE: DIS) reveals a new cruise ship launching from Tokyo in 2028, collaborating with the Oriental Land Company. This ninth ship boosts Disney’s $60B expansion, joining three others slated for Singapore and beyond. Details on StockInvest.us.
07:50am, Monday, Jul 08, 2024
Broadcom (NASDAQ: AVGO) will execute a 10-for-1 stock split this week, reducing its $1,700 share price to around $170 to broaden investor accessibility. The split follows significant growth and aligns with other major companies. Recent quarterly results reveal a 43% revenue increase, bolstering i...
07:48am, Monday, Jul 08, 2024
Pfizer (NYSE: PFE) stock has faced a significant dip, dropping over 50% since late 2021. Despite this, the company remains a strong dividend performer, boasting a 6.1% yield. With strategic acquisitions and robust new drug approvals, Pfizer projects adjusted earnings of $2.15-$2.35 per share for ...
07:45am, Monday, Jul 08, 2024
ASML CEO Christophe Fouquet highlights the critical need for legacy chips in the global market, especially in Germany's automotive sector. As Chinese manufacturers ramp up production, concerns grow over Western firms' reluctance to invest. Stock traders should closely monitor ASML (NASDAQ: ASML) ...
07:41am, Monday, Jul 08, 2024
Vista Outdoor (NYSE: VSTO) has rejected MNC Capital's revised acquisition bid of $42.00 per share, opting instead for Czechoslovak Group's (CSG) enhanced $21.00 per share offer for its ammunition division, Kinetic Group. This move aligns with Vista’s strategic goals and shareholder value optimiza...
07:35am, Monday, Jul 08, 2024
Tesla (NASDAQ: TSLA) shareholders are bracing for a critical court showdown over a $7 billion legal fee demand tied to Elon Musk's $56 billion compensation package. The fee request, deemed excessive by many, stems from a successful suit annulled in January. Investors await a fair resolution.
07:25am, Monday, Jul 08, 2024
Eli Lilly (NYSE: LLY) acquires Morphic Holding (NASDAQ: MORF) for $3.2B, aiming to enhance IBD treatment innovations. Morphic's shares surged 76% premarket, driven by the 79% premium offer. Ongoing phase 2 trials of MORF-057 are key for traders to watch.
07:20am, Monday, Jul 08, 2024
Skydance Media and Paramount Global (NASDAQ: PARA) announced a $2.4 billion merger, ending the Redstone family's media legacy. This strategic move, involving cash and stock deals, aims to create operational synergies and reframe the media landscape. Stock traders should monitor its impact.
03:15am, Friday, Jul 05, 2024
Nvidia (NASDAQ: NVDA) has surpassed a $3 trillion market cap, joining Apple (NASDAQ: AAPL) and Microsoft at the top. While Nvidia thrives on AI innovations, Apple is poised for a comeback with Apple Intelligence. Though Nvidia's growth faces sustainability challenges, Apple's moderate valuation o...
02:52am, Friday, Jul 05, 2024
Warren Buffett's Berkshire Hathaway (NYSE: BRK.A, BRK.B) has pivoted by selling 3.1M shares of Chevron (NYSE: CVX) while acquiring 4.3M shares of Occidental Petroleum (NYSE: OXY). Chevron remains a strong holding with a 4.1% dividend yield, but Buffett sees growth potential in Occidental. Customi...
02:50am, Friday, Jul 05, 2024
Samsung Electronics (KS: 005930) projects over 15x growth in Q2 operating profit to $7.54B, driven by rising semiconductor prices amid the AI boom. Revenue to climb 23% YoY to 74T won. Samsung shares rose 1.2%. Detailed earnings to be released on July 31.
02:41am, Friday, Jul 05, 2024
Shell (LON: SHEL) announces up to $2B impairment after selling its Singapore refinery and halting Rotterdam biofuel plant construction. Expect a total post-tax impairment of $1.2B-$1.8B reflected in Q2 results on August 1st. Monitor SHEL stock for strategic impacts.
08:01am, Thursday, Jul 04, 2024
Shares of Continental (ETR: CONG) surged as new insights from its automotive division boosted investor sentiment. Analysts predict Q2 EBIT of €174M, far surpassing expectations. Continental also projects a group-wide adjusted EBIT of €704M, alongside significant cost-cutting in 2024.
07:58am, Thursday, Jul 04, 2024
Smith & Nephew (LON: SN) shares surged after Cevian Capital acquired a 5% stake, signaling confidence in the medical device maker's potential. Despite recent challenges, Cevian aims to boost operational efficiency. Traders see this as a pivotal opportunity.
07:55am, Thursday, Jul 04, 2024
BYD (SZ: 002594) has launched its first Southeast Asia EV factory in Thailand, marking a significant $1.44 billion investment. This new plant, spotlighting Thailand's EV ambitions, boosted BYD's Hong Kong shares by 1.6%. The site will also assemble batteries, with a production capacity of 150,000...
04:55am, Wednesday, Jul 03, 2024
GSK (LSE: GSK) acquired CureVac's (NASDAQ: CVAC) share in joint flu and COVID-19 vaccine projects, enhancing its mRNA tech expertise. CureVac's stock surged 24%, extending its financial runway to 2028 but will cut 30% of its workforce to focus on cancer therapies.
04:53am, Wednesday, Jul 03, 2024
The FDA has approved Eli Lilly's (NYSE: LLY) new Alzheimer's treatment, Kisunla, for early-stage patients, marking it as the second therapy in the U.S. to slow Alzheimer's progression. Priced at $32,000 annually, Kisunla is expected to achieve over $5 billion in peak sales.
04:48am, Wednesday, Jul 03, 2024
**Bpost Shares Hit Record Low After Disappointing Profit Forecast**
Bpost (EBR:BPOST) shares plunged to a historic low as its revised EBIT forecast of €165-185 million sharply missed analysts' €215.7 million estimate. CEO Chris Peeters cited North America's market challenges, with operating inc...
03:45am, Wednesday, Jul 03, 2024
European Markets Rise as Powell Signals Inflation Progress; DAX, CAC 40, FTSE 100 Up. Political events in France and the U.K. influence traders. Crude oil prices climb on inventory draws.
08:55am, Tuesday, Jul 02, 2024
Nasdaq hits a new high as tech stocks soar, Tesla sees a drop, and crude oil prices approach two-month highs amid summer demand expectations.
07:01am, Tuesday, Jul 02, 2024
BlackRock Inc. (NYSE: BLK) launches the iShares Large Cap Max Buffer Jun ETF (NYSE: MAXJ), offering a 100% downside hedge for risk-averse investors. This ETF aims to mirror the S&P 500, providing protection against downturns while harnessing market rallies.
06:58am, Tuesday, Jul 02, 2024
NextEra Energy Partners (NYSE: NEP) saw an 8.7% plunge on Monday after an RBC Capital downgrade sparked concerns over potential dividend cuts. Analyst Shelby Tucker cited earnings growth challenges and refinancing hurdles due to $3.7 billion in maturing debt, suggesting a 50% dividend cut might b...
06:51am, Tuesday, Jul 02, 2024
China's BYD (SZ: 002594) reported a 21% Q2 sales surge, narrowing the gap with Tesla (NASDAQ: TSLA). BYD sold 426,039 EVs, just 12,000 units shy of Tesla's projected deliveries. With Tesla's China sales down 24.2% in June, BYD may reclaim the lead.
06:47am, Tuesday, Jul 02, 2024
Nike's (NYSE: NKE) stock plunged 20% to a four-year low after its Q4 2024 earnings report revealed a 2% revenue decline, missing analysts' expectations. Despite a 50% EPS rise, revenue growth stagnated, notably in the Nike Direct segment. Anticipate further challenges as competitors gain momentum...
