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Business, Stocks

“Shares of Nio soar more than 20% as EV deliveries more than double in April”

May 8, 2024

“Shares of Chinese electric vehicle maker Nio Inc jumped 20% Thursday after its vehicle deliveries more than doubled in April. Hong Kong-listed shares of the company jumped as much as 23% to 44.20 Hong Kong dollars, touching their highest level in over… Continue Reading…

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Business, Stocks

“Peloton CEO Barry McCarthy to step down, company to lay off 15% of staff as it looks to refinance debt”

May 8, 2024

“Peloton announced Thursday that CEO Barry McCarthy will be stepping down and the company will lay off 15% of its staff because it “simply had no other way to bring its spending in line with its revenue.”… Peloton’s shares surged more… Continue Reading…

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Stocks

“DJT shares close down more than 9% as Trump Media hot streak stalls”

May 7, 2024

“Trump Media shares dropped sharply Wednesday, closing down by more than 9.5%. Trump Media, which trades under the DJT ticker, closed at $45.16 per share, a loss of $4.77 per share. The company, which owns the Truth Social app, is still trading well below the… Continue Reading…

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Stocks

“Thares of two big online education stocks tank more than 10% as students use ChatGPT”

May 2, 2024

“The rapid rise of artificial intelligence appears to be taking a toll on the shares of online education companies Chegg and Coursera. Both stocks sank by more than 10% on Tuesday after issuing disappointing guidance in part because of students using AI tools… Continue Reading…

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Stocks

“Philips shares rocket 29% as firm settles U.S. respiratory device case”

May 2, 2024

“Philips shares soared to a more than two-year high Monday after the Dutch medical devices giant agreed to a $1.1 billion settlement in the U.S. for personal injury cases linked to the recall of some of its sleep apnea devices. Millions of… Continue Reading…

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Stocks

“Snap shares soar 23% as company beats on earnings, shows strong revenue growth”

May 2, 2024

“Snap reported first-quarter results on Thursday that beat analysts’ estimates and showed a return to double-digit revenue growth. Shares soared more than 23% in extended trading.   Here’s how the company did:  Revenue for Snap’s first quarter increased 21% from $989 million in the… Continue Reading…

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Business

“Microsoft says cloud AI demand is exceeding supply even after 79% surge in capital spending”

May 2, 2024

“…In its earnings report on Thursday, Microsoft said capital expenditures jumped 79% from a year earlier to $14 billion. The company is spending much faster than it’s increasing revenue — sales climbed 17% in the period. Even with all that investment, Microsoft… Continue Reading…

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Stocks

“Apple stock will soar 36% as it gears up to launch an AI-enable iPhone, BofA says”

May 1, 2024

“…Apple stock is a “top pick” for 2024 and has potential upside of 36% as it gears up for the launch of an AI-enabled iPhone, according to Bank of America. The bank reiterated its “Buy” rating and $225 price target for… Continue Reading…

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Economy, Energy

“U.S. oil rises nearly 2% to top $83 a barrel as slowing manufacturing raises interest rate cut hopes”

May 1, 2024

“U.S. crude oil moved nearly 2% higher Tuesday to top $83 a barrel on optimism that weak manufacturing data could accelerate interest rate cuts. U.S. manufacturing activity hit a four month low of 49.9 in April, according to the S&P Global… Continue Reading…

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Stocks

“Super Micro Stock Plunges 23% On Lack Of Preliminary Results. It’s A Big Sell Signal.”

May 1, 2024

“Super Micro stock fell hard after the data-center computer specialist didn’t announce preliminary results for its fiscal Q3…” https://finance.yahoo.com/m/df275135-5e40-3040-8132-e1e68a1e7019/super-micro-stock-plunges-23-.html the market is assuming results will be bad. with such a sharp decline it might be a good idea to watch… Continue Reading…

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