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How Much Hype is Left in Nvidia’s Stock? Investors Await Crucial Earnings Report

The European Commission has significantly reduced the import duty on Tesla vehicles manufactured in China, potentially paving the way for a surge in sales across the region. Chinese EV exports to the EU experienced a sharp decline in response to the proposed tariffs. Nvidia has ridden Wall Street's mania around artificial intelligence to become one…

ByPexecoAugust 22, 20240Comments

Stocks

EU Reduces Import Duties on Tesla’s China-Made EVs

The European Commission has significantly reduced the import duty on Tesla vehicles manufactured in China, potentially paving the way for a surge in sales across the region. Chinese EV exports to the EU experienced a sharp decline in response to the proposed tariffs. The EU has slashed an additional tariff on Tesla electric vehicles (EVs)…

ByPexecoAugust 21, 20240Comments

Stocks

Bayer stock soars after German pharma company wins Roundup court battle

Shares in German pharmaceutical and biotechnology company Bayer climbed nearly 13% on Friday after the company won a legal battle in the US related to its Roundup weedkiller. At the time of writing, shares in Bayer were up 12.38% at €29.67, after the company won a legal battle to limit liability from claims that its…

ByPexecoAugust 17, 20240Comments

Stocks

Ryanair CEO Warns Dublin Airport Passenger Cap Could Hike Airfares in 2025

The boss of low-cost airline Ryanair has warned that a passenger cap being imposed on the group could drive up airfares next summer. Michael O'Leary, Ryanair's chief executive, said on Friday that a reduction of up to one million passengers may be required to ensure that the 32 million per year ceiling at Dublin airport…

ByPexecoAugust 16, 20240Comments

Stocks

Home Depot Lowers Its Comparable Sales Outlook

KEY TAKEWAYS Home Depot shares edged lower in early trading Tuesday despite a second-quarter earnings beat as the home-improvement giant lowered its 2024 comparable sales guidance. Home Depot now sees full-year comparable sales down 3% to 4% from fiscal 2023, worse than its previous guidance of a 1% decline. CEO Ted Decker said consumers continue…

ByPexecoAugust 14, 20240Comments

Stocks

AI Could Help the iPhone 16 Drive an Apple Renaissance

KEY TAKEWAYS Apple is positioned for a strong growth cycle driven by artificial intelligence, according to Wedbush analysts who increased their estimates for iPhone 16 shipments. The analysts lifted their estimates to 90 million based on recent Asia market checks and and estimated 300 million iPhone users who may be ripe for device upgrades. The…

ByPexecoAugust 12, 20240Comments

Stocks

Siemens Reports 11% Profit Increase in Q3

The German tech giant reported a profit that was 11% higher than that recorded in the same period last year. Siemens announced on Thursday that it had made an industrial profit of €3.3bn during the third quarter of the year, beating a forecast of €2.84bn given by company analysts. The 11% year-on-year jump was boosted…

ByPexecoAugust 10, 20240Comments

Stocks

Boeing Faces Net Loss Amid Quality Control Issues

The company also saw a net loss both for the second quarter and the first half of the year, however, it reassured investors that it was making progress in quality management. Boeing recently announced that it would be implementing some changes in design. This is in order to prevent another incident like the one seen…

ByPexecoAugust 9, 20240Comments

Stocks

Why Magnificent Seven Stocks Just Had Their Worst Day on Record

KEY TAKEWAYS The Roundhill Magnificent Seven ETF suffered its largest daily decline on record on Wednesday. Investors fled America's tech giants after earnings reports from Tesla and Alphabet raised concerns about the cost of artificial intelligence investments and the sustainability of the Mag Seven's blistering earnings growth. Still, the group is expected to report that…

ByPexecoJuly 25, 20240Comments

Stocks

Top Stock Movers Now: Tesla, Alphabet, AT&T, and More

KEY TAKEWAYS U.S. equities sank at midday Wednesday as tech stocks tumbled in the wake of disappointing earnings reports. Tesla shares plunged after the electric vehicle maker missed earnings estimates as it cut prices to boost sales. AT&T shares rose after the company posted better-than-expected postpaid phone net additions and free cash flow. U.S. equities…

ByPexecoJuly 24, 20240Comments

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Stocks

How Much Hype is Left in Nvidia’s Stock? Investors Await Crucial Earnings Report

EU Reduces Import Duties on Tesla’s China-Made EVs

Bayer stock soars after German pharma company wins Roundup court battle

Ryanair CEO Warns Dublin Airport Passenger Cap Could Hike Airfares in 2025

Home Depot Lowers Its Comparable Sales Outlook

AI Could Help the iPhone 16 Drive an Apple Renaissance

Siemens Reports 11% Profit Increase in Q3

Boeing Faces Net Loss Amid Quality Control Issues

Why Magnificent Seven Stocks Just Had Their Worst Day on Record