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European Car Stocks Sink Amid Weaker China Demand
European car manufacturers, including BMW, Mercedes-Benz, and Volkswagen, are experiencing sharp stock declines due to weak demand in China, increasing competition, and the high cost of electric vehicles (EVs). Investor confidence in the sector has plummeted, pushing market valuations for major automakers to near record lows. BMW’s shares fell by 11.2% on Tuesday, the largest…
September 13, 20244 minRead time
News
Moderna Stock Drops on Plans To Cut $1.1B in R&D Costs
Moderna shares dropped sharply Thursday morning after the COVID-19 vaccine maker announced plans to scale back its research and development (R&D) efforts in a bid to reduce costs. The company will now concentrate on securing FDA approval for 10 key products, including vaccines for respiratory syncytial virus (RSV), cancer treatments, and a combination COVID-19 and…
September 12, 20242 minRead time
News
Germany’s Struggle with Energy Transition
After the news that Europe's largest car producer VW may close two plants, experts are sounding the alarm that the downsizing of manufacturing isn't just limited to the car industry. The German Institute for Economic Research (DIW) says companies need to evolve. As European car companies grapple with the phasing out of combustion engines and…
September 7, 20244 minRead time
Stocks
Nvidia Shares Plummet Amidst AI Stock Sell-Off
As of 2023, Nvidia's stock price has grown by approximately 146% year-to-date, driven by its dominant position in AI chip technology and strong demand for its GPUs. Nvidia shares experienced their most significant single-day decline, dropping over 9% on Tuesday amid a broader sell-off in artificial intelligence (AI) stocks. The market's retreat from AI stocks…
September 4, 20242 minRead time
Finance News
What To Expect in the Markets This Week
Key Takeaways Markets will be closed for the Labor Day holiday Monday. While reports on job openings and private-sector hiring will set the stage earlier in the week, August jobs data will capture attention on Friday.  This week's technology company earnings include Broadcom, Hewlett Packard Enterprise, and Zscaler. Retailers Dollar Tree, Big Lots, and Dick’s…
September 2, 20244 minRead time
Stocks
Nvidia Set to Report Q2 Fiscal 2025 Earnings
Nvidia (NVDA) is scheduled to report its second-quarter earnings for fiscal 2025 after the market closes on Wednesday. Investors will be closely monitoring the company's performance, particularly looking for sustained growth in its data center segment and any updates on the reported delays affecting its upcoming Blackwell artificial intelligence (AI) chip. Anticipated Financial Performance According…
August 28, 20243 minRead time
News
British Pound Surges Amid Fed’s Dovish Shift
The British pound surged to its highest level against the US dollar, driven by the Bank of England's more hawkish stance compared to the Federal Reserve's outlook at the Jackson Hole Symposium last Friday. The pound also rose sharply against other G-10 currencies following the symposium, a key event hosted by the Federal Reserve in…
August 26, 20245 minRead time