The US electric vehicle maker Tesla has missed its quarterly earnings forecasts by 2.80% and total revenue is below expectations by 1.84%. The stock price of the company was set to start Thursday's trading near the $190.00 mark, compared to fluctuating near $215.00 during the previous week. Meanwhile, the CEO of the company Elon Musk has announced that Tesla and
Due to shipping disruptions in the Red Sea, Tesla has announced that it would stop most of its output for two week in the company's Berlin factory. The stock price of Tesla reacted to the news by dropping below $220.00.
As the United States and the United Kingdom have announced airstrikes on Houthis in Yemen, crude oil prices have surged. The surge is attributed to the potential escalation that would lead to another war in the Middle East. By 11:00 GMT on Friday, Brent Crude oil was up 4.43% and US Light Crude was up 4.68%
After breaking the previous all-time-high level, the price for NVidia continued to move higher, as the $525.00 mark was highly likely set to be reached on Tuesday. The stock price of the company jumped on Monday due to the company announcing a new desktop GPU. The new GeForce RTX 40 Super series processors are set to use artificial intelligence.
Already prior to the US Federal Reserve Federal Funds Rate release on December 13, the price for natural gas bottomed at $2.23. After the US Fed confirmed that it has ended its monetary tightening, the markets started to expect interest rate cuts. Lower interest rates would mean lower global borrowing costs and funds freeing up for consumption. This in
The global shipping company has reported lower than expected quarterly profits. In addition, FedEx reduced its annual income expectations. As a result of the news, the company's stock price started Wednesday's trading with a gap down of 12.08%. In general, FedEx earnings increased by 23% to $1.01 billion or $3.99 per share. However, markets expected the earnings per share to be
The Japanese giant Nippon Steel has announced that it would buy the United States Steel Corporation for a total of $14.9 billion. The US Steel shares reacted to the news with a jump of 27.30% that resulted in a price at $49.90 at the start of the day's trading. The trading price was still below the offer of Nippon Steel.
On Wednesday, Pfizer announced that their 2024 sales were expected to be $5 billion below Wall Street market expectations. The announcement caused a major decline of the company's stock price. The stock price of the company lost $2.45 or 8.59% of its value at the start of Wednesday's US trading. In addition, the company's stock price has declined more than
The release of the quarterly financial results of Oracle have disappointed for a third quarter in a row. The stock price of the company plummeted from the Tuesday's closing price of $115.08 to an opening on Wednesday at $102.65. The company has once again reported below expected cloud service sales. Moreover, future forecasts have also been decreased. In general,
During today's trading session, the price for US Natural Gas has plummeted more than 10.00%, as the price reached the $2.30 mark. The today's drop is another extension of the broad decline that started after the pair touched the $3.64 level in late October. Since the event, the price has decreased by 37.05% over the span of six
The stock price of Advanced Micro Devices has jumped 2.80% or $3.28 during the pre-market hours and is expected to continue to surge due to announcements made by the company last night. AMD has launched a new generation MI300 AI chip that is set to compete with NVidia's top processors. Meanwhile, the company expects that its data centre AI
After the US stock market closed on Tuesday, NVidia published the company's third quarter financial results. In general, the company has beaten expectations. However, concerns regarding future sales in Asia persist. The company was expected to have made earnings per share of $3.367, but the actual earnings were 19.40% higher at $4.02. Meanwhile, the total revenues of the company
The stock price of PayPal is set to start the day's trading with a gap up of 6.88% or $3.55. The move has been caused by the quarterly earnings release. PayPal has reported earnings per share of $1.30 instead of forecast $1.229, which is an increase of 5.79%. Meanwhile, total Revenue has increased by just 0.44%. However, these results were
The quarterly earnings publication of AMD has caused a 8.13% surge of the company's stock price. Although, the Q3 results have not been that spectacular, compared to expectations. The company beat the earnings per share forecast by 3.02% and the total revenues by 1.77%. The surge could be attributed to the fact that prior to the earnings report the stock had
British Petroleum has reported its third quarter financial results. The markets expected the company to have earned $4.0 billion. However, the actual earnings were $3.3 billion. The company suffered due to weak results in the gas sector and a write off of its major US wind project. Namely, gas prices declined during the last quarter, which impacted income. However, the
The stock price of Amazon is jumping from the Thursday's closing price of $119.66 up to $126.22 at the start of Friday's US trading. The reason for the jumps is the fact that the company has reported quarterly earnings per share that are higher than expected by more than 60.00%. EPS were expected to reach $0.585. Actual released number is
The stock price of Volkswagen has dropped more than 3.00% during Monday's trading due to the company reducing its annual profit margin outlook. Volkswagen has announced that due to its blunder in raw material price hedging it expects a return on sales of 7.0-7.3%. The new margins are a downgrade from the precious 7.5%-8.5%. Meanwhile, the company expects the previously
Crude oil prices are reacting to the United States tightening Russian crude oil export restrictions. The new rules have caused an expectations of reduced global supply. Starting from 18:00 GMT up to 11:00 GMT, the crude oil price benchmarks reversed their direction and gained nearly 5.00%. At mid-Friday, US light crude traded near the 85.00 mark and Brent crude was
Natural gas, oil and other energy resource prices plummeted on Wednesday. The decline was attributed to Exxon securing the deal to buy its rival Pioneer for a total of $60 billion. It is expected that the reduction of overhead costs is set to reduce final prices for all Exxon products and alternative energy sources. US crude oil prices declined as
The stock price of LVHM has plummeted more than 6.00% at the start of Wednesday's European trading. The French luxury group's stock trades at a low level not observed since December. The drop was caused by low sales volumes in the third quarter of 2023.
The events that unfolded during the weekend in Israel and Gaza have caused a major impact on the financial markets, as soon as trading had resumed. The Israeli currency hit an 8-year low. Oil prices surged. The price for gold and other safe haven assets started to rise. The USD/ILS currency rate experienced a fall of the Israeli currency due to
On Wednesday, October 4, crude oil prices declined by more than $5.00. Both US light crude oil and UK Brent crude oil prices have broken their ascending channel patterns. The breaking of the patterns occurred due to US data indicating weak demand for gasoline. The US Energy Information Administration was the catalyst of the price drop, as it reported that
Due to the release of the Nike quarterly financial results, the stock price of the company started Friday's trading with a gap up of 10.72%. However, the higher opening was followed by a step decline. The stock price had ended Thursday's trading at $89.64. Friday's trading started at the $99.25 level. However, by 15:45 GMT, the equity price had
Recently, the stock price of Apple has declined due to a string of bad news. Namely, China has increased restrictions on iPhone use and researches have found spyware on Apple devices. China increases iPhone restrictions - The Chinese government has increased its curbs on use of iPhone by government employees. Namely, employees have been forbidden to use phones at work. Researchers