The stock price of Micron Technologies has surged more than 17.00% at the start of Thursday's trading. The shares trade at a record high at $113.30. This jump of company's value occurred due to the firm reporting high earning per share, instead of an expected loss. Markets forecast a loss per share of $0.253, but the firm made earnings per
The owner of Facebook and Instagram has announced that it could reduce its monthly subscription fees by almost half. These news caused an initial dip of the company's stock price. However, the initial dip quickly turned into a surge. In general, the stock dropped 3.15% during the early hours of Tuesday's trading, before returning to prior levels by the start
The food producer Unilever has announced that it is spinning off ice cream unit and fire 7,500 employees in a cost savings programme. Markets saw the announcement as positive. The stock price of the company surged more than 5.00%.
The stock price of Tesla has surged by almost 7.00% during Monday's early trading hours. Markets have reacted to the news of upcoming Model Y price increase in various countries. Tesla has announced that starting from March 22 it would increase Model Y prices in several European countries by around 2,000 Euros.
Bloomberg has revealed to the world that Apple and Google are negotiating a deal that would benefit Google. Namely, Apple intends to use Google's Gemini to power iPhone AI features. The news have caused a massive surge of the price of Google due to the realization that Google is set to have a new large user base for its
The largest German real estate renting corporation Vonovia has revealed staggering losses. The firm has lost 6.76 billion EUR in 2023, compared to 669 million EUR in 2022. In addition, the company has written down 10.7 billion EUR in real estate value. The stock price of the company reacted to the news by plummeting 8.26%.
The stock price of Tesla has started a decline during this week, as it has been reported that the company's sales in China have plummeted to a low level not seen since early 2023. Low sales data has confirmed market suspicions that the Chinese consumers have shifted to buying local electric vehicles. Chinese firms have continued to decrease their prices
The top 500 US stock company index has extended its spectacular surge. The US stocks started Friday's trading at the $5000.00 mark. The index has gained more than 20.00% since it bottomed near $410.00 in late October. The surge initially was attributed to the expectations of upcoming interest rates cuts. However, the central bank of the United States has
The stock price of Snap has erased 30% of its value. The company's shares are set to start Wednesday's trading at $12.21, compared to Tuesday's close at $17.46. The drop has occurred due to the company failing to come close to market expectations for quarterly financial results. Snapchat has reportedly suffered an abysmal quarter in advertisement revenues, which is
Despite British Petroleum annual profit halving in 2023 to $13.8 billion, the company has revealed that it has beat the last quarter expectations by posting a profit of $3 billion. Namely, the markets expected the energy company to perform even worse than it actually has. Due to this reason, the value of the stock is moving higher. By mid-European
After the market closure on Thursday, three major companies announced their quarterly results. The announcements done by Meta, Amazon and Apple are causing major volatility in the pre-market trading. The top market mover is Meta, as the company beat the earnings-per-share expectations by 10.54%. However, the pre-market surge of nearly 17.00% is being attributed to the fact that the company
The French bank BNP Paribas has reported a decline in quarterly income and moved its targets further down into the future. Moreover, the bank has reported declines in revenue in all of its businesses, compared to late 2022. The news caused a 8.00% drop of the bank's share price.
Advanced Micro Devices has reported lower than expected revenues and earnings per share. The news have caused a major sell off of all chip company stocks. The company has reported a revenue of $5.4 billion, which is below the market consensus forecast of $5.73 billion. The failure to gain expected revenues for some reason has overshadowed the fact that the
The stock price of the German agriculture company Bayer have plummeted nearly 6.00%, as a court order is forcing the company to pay out $2.25 billion in damages to a man from Pennsylvania. The winner of the case had developed cancer due to the company's weed killer Roundup. In 2020, the company settled most cases that were associated with Roundup
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,