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Business, Stocks

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

“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…

Stocks

“Globe Life shares rebound 20% after plummeting more than 50% Thursday”

“Shares of Globe Life rebounded 20% Friday after sinking 53% Thursday following a short seller report alleging multiple instances of insurance fraud…” https://www.cnbc.com/2024/04/12/globe-life-shares-rebound-after-plummeting-over-50percent-thursday.html Following controversy is a good way to make money in stocks. The only problem is getting to the stock early enough. Scandals are… Continue Reading…

Stocks

“Chinese EV maker BYD targets 20% jump in annual sales – sources”

“Chinese electric vehicle maker BYD has set a 3.6- million-unit sales target for 2024, a jump of 20% from its record-breaking sales last year, according to three people who were familiar with the matter… The company’s Hong Kong shares sank… Continue Reading…

Economy

“Israel’s Economy Contracts Nearly 20% After Outbreak of War”

“…Gross domestic product shrank an annualized 19.4% in the final three months of last year, in seasonally-adjusted terms, according to preliminary figures released on Monday. That was worse than every estimate in a Bloomberg survey of analysts, whose median forecast… Continue Reading…

Stocks

“Meta shares surge 20% on soaring profit, better-than-expected guidance and first-ever dividend”

“Meta shares closed up more than 20% on Friday after the company reported a tripling in fourth-quarter profit and issued its first-ever dividend. Revenue rose 25% in the fourth quarter for Meta to $40.1 billion from $32.2 billion a year earlier.… Continue Reading…

Business

“Alibaba sheds over $20 billion in market value after scrapping plans to list its cloud business”

“…“Instead, we will focus on developing a sustainable growth model based on emerging AI-driven demand for networked and highly scaled cloud computing services,” Alibaba CEO Joe Tsai said on the company’s investor call Thursday… The development highlights how Alibaba, one… Continue Reading…

Stocks

“Roblox Stock Surges 20% On Strong Q3 Earnings…”

“…After Wednesday’s market open, Roblox shares soared as much as 20% after the company reported stronger-than-expected Q3 earning and sales results. The company lost 45 cents a share, vs. the 49-cent loss expected by FactSet. The company reported bookings of… Continue Reading…

Business, Stocks

“Palantir [Defense & AI company ]shares pop 20% after its third-quarter results beat estimates”

“…Shares of Palantir closed up 20% Thursday after the company released third-quarter earnings that beat analysts’ expectations and raised full-year revenue guidance. Here’s how the company did: Palantir’s revenue for the third quarter increased 17% to $558 million, from $478 million a year earlier.… Continue Reading…

Economy, Stocks

“JPMorgan’s Marko Kolanovic braces for 20% market plunge, delivers recession warning”

“JPMorgan’s Marko Kolanovic is bracing for a 20% sell-off to hit the S&P 500. According to the Institutional Investor hall-of-famer, high interest rates are creating a breaking point for stocks — and choosing cash at a 5.5% return in money… Continue Reading…

Stocks

“Europe’s Stripe rival Adyen saw $20 billion wiped off its value in a single day. Here’s what’s going on”

“…The company’s shares plummeted 39% on Thursday, erasing 18 billion euros ($20 billion) from Adyen’s market capitalization, as investors dumped the stock after the firm reported its slowest revenue growth on record. The stock closed down a further 2.9% on Friday… Continue Reading…