Japan's Nikkei 225 stock index hits another record high, approaching 42,000 as it tracks gains on Wall Street
TOKYO (AP) — Japan's Nikkei 225 stock index hits another record high, approaching 42,000 as it tracks gains on Wall Street.
TOKYO (AP) — Japan's Nikkei 225 stock index hits another record high, approaching 42,000 as it tracks gains on Wall Street.
BEIJING (Reuters) -Apple's smartphone shipments in China fell by 6.7% in the second quarter of 2024, as the tech giant faced intensifying competition from rivals like Huawei, according to data from market research firm Canalys. Apple's total shipments for the quarter ending in June stood at 9.7 million units, down from 10.4 million units in the same quarter last year, Canalys data shows. In contrast, Huawei's smartphone shipments surged 41% year-on-year to 10.6 milion in the quarter, bolstered by the launch of its new Pura 70 series in April.
Broadcom Inc. (AVGO) closed at $149.26 in the latest trading session, marking a -1.37% move from the prior day.
Taiwanese giant TSMC tumbled with several other leading chip makers Friday as traders returned from a typhoon-imposed two-day break to play catch-up with a global tech rout.The rally in all things tech helped TSMC, which is also listed in New York, to briefly break the US$1 trillion market capitalisation barrier this month, putting it ahead of Tesla as the seventh most valuable technology firm.
Zoetis (ZTS) reachead $179.84 at the closing of the latest trading day, reflecting a -0.51% change compared to its last close.
Investors are punishing automakers' stocks this week after second-quarter earnings reports exposed industrywide issues of slowing sales and high prices, just as the companies are having to spend huge sums to make new electric and gas vehicles. Ford Motor Co., which reported a drop in second-quarter earnings due electric-vehicle losses and persistently high warranty costs, led the declines. Carlos Tavares, CEO of Jeep and Ram maker Stellantis, said a significant auto-industry storm he's been warning about for several years has arrived.
Although the revenue and EPS for MarineMax (HZO) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
The Nasdaq and S&P 500 have suffered their worst single-day decline since 2022 - led by underwhelming financial results from Tesla and Alphabet, the owner of Google. The sell-off points to wider concerns surrounding the high valuations of a handful of tech giants, and how vulnerable the wider US market is to their fate. The so-called "magnificent seven" of high-performing tech stocks are Microsoft, Amazon, Google Parent - Alphabet - Tesla, Facebook (aka Meta), Nvidia, and Apple.
I have a confession to make. Despite writing regularly about how important cash is for many, I rarely use notes and coins.
Baidu Inc. (BIDU) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Singapore private home prices rose less than estimated and rents edged down in the second quarter, following government efforts to tame the real estate boom.
Global insured losses from last week's massive IT outage are likely to range from $400 million to $1.5 billion, cyber analytics firm CyberCube said on Thursday. A software bug in cyber security firm CrowdStrike's quality-control system caused the software update that crashed computers globally, the U.S. firm said this week, as losses mount following disruption to services from aviation to banking. The outage may be the single largest cyber insurance loss, CyberCube said in a statement.
Earnings preview of key companies reporting next week and what to look out for
French IT group Capgemini forecast a surprise fall in annual revenue on Friday, citing a downturn in the automotive and aerospace sectors, sending its shares tumbling more than 9%. Shares of Capgemini fell 9.4% by 0728 GMT to hit the bottom of the CAC40 index, after the Paris-based group said it now expects its organic sales to fall between 0.5% and 1.5% in 2024, compared with the 0-3% rise previously forecast. "The slope of recovery in the second half will be affected by the recent deterioration of the outlook in the automotive and aerospace sectors and the slower recovery in financial services," CEO Aiman Ezzat said in a statement.
A licence means the company will be able to hold customer deposits, and offer lending products like credit cards, personal loans, or mortgages.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Some of the best times to buy great stocks is when seemingly everyone else is selling. Today we dive into three AI-focused stocks that long-term investors might want to buy after they tumbled 25% or more from their highs.
Bloom Energy (BE) closed at $14.48 in the latest trading session, marking no change from the prior day.
Columbia Banking (COLB) delivered earnings and revenue surprises of 17.54% and 0.56%, respectively, for the quarter ended June 2024. Do the numbers hold clues to what lies ahead for the stock?
Invest in BlackRock mutual funds like BMCAX, BATPX and MRBVX for high returns and risk reduction as the first rate cut appears on the horizon.
Altria's (MO) strategic moves into smoke-free products offer growth potential, though the declining cigarette business raises concerns.