BYD’s July sales stall, casting doubt on 2025 delivery target
BYD Co. reported flat year-on-year sales growth in July, delivering 344,296 vehicles, a mere 0.6% increase from the same month last year. The figure also marked a 10% decline from…
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US stock plunge as jobs data disappoints and tariff tensions rise
US stocks opened under pressure on Friday as investors digested signs of a softening labor market and escalating tariff tensions. The benchmark S&P 500 index was down 1.22%. The Dow…
Moderna cuts 2025 revenue to $2.2B after UK booster delay
Moderna has lowered the high end of its 2025 revenue forecast, citing a delay in Covid vaccine shipments to the UK. The company now expects between $1.5 billion and $2.2…
Brazil antitrust watchdog probes Microsoft after Opera complaint over edge browser practices
Brazil’s antitrust regulator CADE has opened an investigation into US tech giant Microsoft at the request of Norwegian browser firm Opera, which had filed a formal complaint with the regulator.…
Reddit shares surge 20% on record profit and strong revenue outlook
Reddit Inc. shares surged on Friday after the company posted its most profitable quarter to date and offered a third-quarter revenue forecast that significantly beat Wall Street expectations. The strong…
OpenAI raises $8.3B as AI demand grows: report
OpenAI has secured $8.3 billion in new capital as part of its ongoing $40 billion fundraising effort, CNBC reported, citing a person familiar with the deal. The fresh round of…
Novo Nordisk stock posts worst week since 2021, but analysts see a bigger problem ahead
Novo Nordisk stock sharply tanked this week, marking the pharmaceutical company’s worst-ever weekly loss with a decline of more than 30% by Friday.This plunge extended the stock to its lowest…
Private equity giants accelerate push into UK pension risk-transfer market
Private equity-backed insurers are intensifying their presence in the UK’s booming pension risk-transfer market, securing deals worth $10.7 billion in just the past month. As British corporations continue to shed…
Tesla ordered to pay $329M over fatal autopilot crash in Florida
A federal jury in Miami has ruled that Tesla must pay $329 million in damages in connection with a fatal 2019 crash involving its Autopilot system. The case, which was…
Why Friday’s sell-off in S&P 500 was not surprising and what comes next
US stocks kicked off August with a sharp retreat as the Trump administration announced reciprocal tariffs on several countries – with levies ranging from 10% to 41%.A disappointing monthly jobs…