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Alibaba Reports Better Than Feared Results. Is the Worst Behind Us?
New York-listed shares of Alibaba (NYSE: BABA) increased by as much as 6% after the Chinese e-commerce business reported annual first-quarter results on Thursday that performed admirably. How Did BABA Do in Q2? Year over year revenue remained stable, for the...
Why is Alibaba Stock Trading Lower in Recent Days
Shares of Alibaba (NYSE: BABA) are down almost 8% since Thursday after the U.S. regulators added shares high-risk watchlist. Why is Alibaba Stock Down? The e-commerce giant’s stock plunged over 10% Friday after the Securities and Exchange Commission (SEC) placed BABA...
Uber Rallies on Better Than Feared Results
Shares of Uber (NYSE: UBER) soared on Tuesday after the ride-sharing business reported results that topped analyst expectations. How Did Uber Perform in Q2? Uber reported it managed to generate $382 million in free cash flow, marking the first time ever on Tuesday,...
Tesla Stock Rallies on Better-than-feared Results
Tesla (NASDAQ: TSLA) shares are up over 13% this week after the company delivered Q2 results earlier this week. How Did Tesla Perform in Q2? The electric vehicle (EV) company reported a quarterly profit of $2.26 billion, a 32.9% decrease compared to last quarter, and...
Meta Platforms Shares Plunge as Troubles Continue to Weigh on Results
Meta Platforms (NASDAQ: META) shares are down about 5% this week following the Q2 report that yielded lower-than-expected profit and revenue. Facebook’s parent company also gave an unexpectedly bleak sales projection, indicating that Meta will see a decrease in...
Gold Producer Newmont Reports Disappointing Results, Shares Plunge
The gold miner Newmont Corp (NYSE: NEM) reported its second-quarter 2022 results on Monday, below Wall Street expectations amid lower gold prices and persistently high inflation. How Did Newmont Perform in Q2? Newmont named the lower prices of gold as one of the main...
Ford Shares More Details About Its Expensive EV Push
Ford Motors (NYSE: F) said on Thursday that they are on course to expand their electric vehicle (EV) production capacity to 600,000 vehicles a year by the end of 2023 by securing 100% of the battery supplies for the vehicles. More Details Shared The U.S. carmaker also...
Coca-Cola Gains After Strong Report, Walmart Drops on Warning
The sentiment in the U.S. stock market was quite negative yesterday after Walmart (NYSE: WMT) trimmed its forecast for quarterly and annual profits on Monday, stating that consumers have been changing their shopping habits due to very high inflation. The company said...
Amazon and Apple Shares Rally After Earnings
Amazon (NASDAQ: AMZN) stock price is trading sharply higher Friday after the e-commerce titan reported strong results. Apple (NASDAQ: AAPL) also delivered a set of strong results, driven by yet another iPhone outperformance. Amazon Beats Amazon reported a...
Alphabet and Microsoft Earnings Show Not Even Big Tech is Immune to Macro Headwinds
Both Microsoft (NASDAQ: MSFT) and Alphabet (NASDAQ: GOOGL) reported earnings for the second quarter on Wednesday and further fueled concerns of an economic slowdown. How Did Alphabet Perform in Q2? Google share price soared despite lower-than-expected profit and...
Why Toyota Stock is Down
Shares of Toyota Motor (TYO: 7203) declined Friday after the Japanese carmaker announced it is recalling a portion of its all-electric vehicles that were launched two months ago due to reports of wheels coming loose and the risk of them falling off. The company said...
Why is Unilever Stock Price Soaring This Week
Shares of Unilever (NYSE: UL) are up around 8% this week on news the company offered a board seat to activist investor Nelson Peltz as the embattled giant attempts to remodel its strategy. Peltz to Become a Board Member Peltz, CEO and founding partner of the hedge...
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