ASML, the leading supplier of semiconductor equipment, reported lower-than-expected first-quarter bookings, though it maintained robust sales in China despite stringent U.S. restrictions. The company's overall outlook remains optimistic, driven by anticipated demand growth in AI and memory chips.
Federal Reserve Chair Jerome Powell indicates that reducing inflation to the Fed's 2% target may take longer than anticipated, suggesting that interest rate cuts could also be delayed.
Johnson & Johnson reported a first-quarter profit that exceeded Wall Street expectations, driven by robust sales of its cancer treatments, particularly its leading blood cancer drug, Darzalex. The company also updated its profit forecasts 2024, reflecting confidence in its portfolio's growth.
Amid ongoing inflation concerns, investors are recalibrating their expectations for Federal Reserve rate cuts, with new predictions pointing to a potential first cut in September.
Tesla Inc. plans to cut over 10% of its workforce following a disappointing Q1 delivery report and amid broader industry challenges. Analysts see the move as a necessary adjustment to the company's cost structure in response to softening global demand for electric vehicles.
As Temu's monthly active users in the EU surpass 45 million, the e-commerce platform is poised to face stringent online content regulations under the EU's Digital Services Act, aligning it with major tech entities like Google and Meta.
Global markets face heightened uncertainty as they await Israel's response to Iranian strikes, amidst fluctuating oil prices and looming Federal Reserve insights. European shares are expected to follow Asia's downtrend, influenced by rising geopolitical risks and the latest U.S. inflation data.
Ruffer LLP reallocates two-thirds of its assets, totaling £22 billion, into cash due to concerns over impending US liquidity contraction and potential market downturn. Leveraging cash reserves, the firm invests in financial instruments to hedge against anticipated Wall Street crashes
Zhang Dihua, the wife of Dawning Information Industry Co.'s chairman, Li Guojie, conducted secret trades worth $21 million during the company’s stock rally, profiting significantly without her husband's knowledge.
Trump Media's stock plummeted by 10%, pushing the company's valuation below $5 billion for the first time since its debut. This dramatic decline has also impacted Donald Trump's wealth.
Asian stock markets exhibited a mixed response following a sharp rise in US inflation, impacting global financial dynamics. While some indices like Shanghai showed resilience, others, including Tokyo and Hong Kong, faced declines, reflecting varied regional reactions to the US economic outlook.
In March, inflation delivered a sharper bite to American households, driven by escalating gas prices and housing costs. This resurgence could signal the Federal Reserve's continued stance on high-interest rates, adding layers of complexity to the economic landscape.
Today's insight into this week's crucial economic events: US CPI data, China's credit outlook downgrade, Delta's earnings, and more affecting the markets.
Anticipation builds around Richardson Electronics' Q3 earnings amid a backdrop of declining revenues and earnings, setting the stage for a crucial financial update.
Despite a projected dip in Q1 profits, big banks like JPMorgan Chase, Wells Fargo, Citigroup, and Bank of America are expected to benefit from higher interest rates. With stock performances already outshining major indexes in 2024, investors remain bullish.
In an astonishing turn of events, China Tianrui Group Cement Co. saw its market value collapse by 99% in just 15 minutes, triggering a trading halt. Amid an already tense property sector, this dramatic selloff highlights the volatile nature of stocks with high shareholding concentration.
Billionaire Ken Griffin has significantly increased his stake in Pfizer (NYSE: PFE), raising eyebrows. With forward earnings multiple far below the S&P 500 and a 6.3% dividend yield, is Pfizer a hidden gem in a volatile market?
UBS is grappling with impending stringent banking regulations in Switzerland, highlighting the balancing act between fostering financial stability and maintaining a competitive edge on the global stage.
Ford revises its EV launch timeline, delaying a three-row electric SUV to 2027 and an EV truck to 2026, aligning with market development and tech advancements.
In a landmark settlement, Google agrees to delete billions of private browsing records and impose limits on tracking, addressing a class action lawsuit over privacy violations in Incognito mode.
Disney faces an unprecedented board showdown at its 2024 shareholder meeting, with CEO Bob Iger and two rival slates vying for control amidst a historic proxy fight costing millions.
Former President Donald Trump's net worth nosedives by over $1 billion as Truth Social's parent company, Trump Media & Technology Group, reveals a $58 million loss and scant revenue in 2023.
