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Latest Stock Market News
Latest Stock Market News
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...
06:24am, Tuesday, Jul 02, 2024
Sodexo (EPA: EXHO) shares dipped post-third-quarter results, missing analyst revenue growth forecasts at 6.8% vs. 7.0%. Struggles in China and slowing price hikes impacted growth. Despite setbacks, Sodexo reaffirmed annual targets of 6%-8% organic revenue growth.
06:19am, Tuesday, Jul 02, 2024
Jollibee Foods (PSE: JFC) is acquiring a 70% stake in South Korea’s Compose Coffee, valuing it at $340 million. This marks Jollibee’s most expansive global move to date. The stock rose 0.44% post-announcement, with analysts praising the strategic investment.
05:56am, Tuesday, Jul 02, 2024
Eurozone inflation dipped slightly to 2.5% in June, but core inflation held at 2.9% due to high services costs, fueling ECB policy debate. Unemployment at a record low of 6.4% and tight labor markets add complexity. Traders watch for ECB actions that could shape market trends.
09:43am, Monday, Jul 01, 2024
Chewy (NYSE: CHWY) surged 15% premarket Monday after "Roaring Kitty" Keith Gill, disclosed a 6.6% stake in the company. Gill now owns 9M shares valued at $245M, making him the third-largest shareholder.
09:12am, Monday, Jul 01, 2024
The first half of 2024 sees tech stocks rising, Boeing reuniting with Spirit AeroSystems, and Pixar's "Inside Out 2" crossing $1 billion at the global box office.
04:58am, Monday, Jul 01, 2024
Roaring Kitty's Return Fizzles: GameStop (NYSE: GME) stock surged to $48 but now hovers around $25 after Keith Gill's reappearance. Missing the drama and heroes of the 2020 rally, the stock lacks a compelling new narrative, casting doubt on future highs.
04:53am, Monday, Jul 01, 2024
WestJet Airlines (TSE: WJA) has swiftly resolved its mechanics' union strike with a new five-year contract, bringing back 130 grounded aircraft. Despite ongoing disruptions, the deal aims to stabilize operations and address union members' needs. Stockholders will monitor the airline's recovery.
04:50am, Monday, Jul 01, 2024
The EU is set to charge Meta (NASDAQ: META) with breaching digital regulations over a controversial data tracking model. This follows recent accusations against Apple (NASDAQ: AAPL) under the Digital Markets Act. Stock traders should monitor the market impact on both tech giants.
04:42am, Monday, Jul 01, 2024
Sanofi (NASDAQ: SNY) plans a $1.6 billion investment in its Frankfurt, Germany facility, marking a significant shift from its earlier French production plans. This move, following major investments by Daiichi Sankyo and Eli Lilly in Germany, highlights the country's growing pharmaceutical appeal.
04:29am, Monday, Jul 01, 2024
Boeing (BA) reacquires Spirit AeroSystems (SPR) for $4.7B in stock, ending Spirit's 20-year independence. Driven by safety concerns post-737 MAX crisis, Boeing aims to improve quality control. Airbus (AIR) also benefits, taking over Spirit’s Europe-centric operations in a related deal.
02:52am, Monday, Jul 01, 2024
A holiday-shortened week packed with significant economic data, Fed insights, and key corporate earnings. Here's what to watch in the markets.
08:23am, Friday, Jun 28, 2024
The S&P 500 closed slightly higher; housing market shows cooling signs; Apple’s Vision Pro launched in China; SoftBank issues bonds to focus on AI investments.
04:51am, Friday, Jun 28, 2024
Chipotle Mexican Grill (NYSE: CMG) experienced a 5% stock dip following a 50-for-1 stock split. Traders likely locked in profits, but no fundamental issues appear. This creates a potential buy opportunity for long-term investors, given Chipotle's enduring market appeal.
04:48am, Friday, Jun 28, 2024
**Meta May Block News on Facebook in Australia Over Licensing Fees**
Meta is considering blocking news sharing on Facebook in Australia if the government enforces licensing fees for news content. This echoes Meta's past moves in Canada and could impact Australian media revenue and Meta’s complia...
