STOXX 600 drops on tepid earnings, set for worst month in a year
(Reuters) – Europe’s benchmark index opened lower on Thursday, and was set to record its worst monthly performance in a year, while moves were mainly powered by a mixed bag…
Shell’s $6 billion profit smashes forecasts as LNG offsets weak refining
By Ron Bousso LONDON (Reuters) -Shell reported on Thursday third-quarter profits of $6 billion that exceeded forecasts by 12% as higher liquefied natural gas (LNG) sales offset a sharp drop…
Futures tumble as Meta, Microsoft cost warnings highlight AI trade risks
(Reuters) – Wall Street futures fell sharply on Thursday, as warnings from Meta Platforms (NASDAQ:META) and Microsoft (NASDAQ:MSFT) about rising artificial intelligence-related costs dampened optimism around megacaps, which have been…
Stellantis third-quarter revenue beats estimates despite slipping by 27%
Investing.com — Stellantis NV (BIT:STLAM) has posted a 27% drop in third-quarter revenue compared to the year-ago period as the Jeep-owner grapples with lower shipments, pricing headwinds, and bloated inventories. However,…
STMicroelectronics cuts outlook as Q3 revenue misses, shares fall
GENEVA – STMicroelectronics N.V. (NYSE:STM) reported third-quarter earnings that beat analyst estimates, but revenue fell short of expectations as the chipmaker continues to face challenges in the industrial market. The…
Li Auto stock falls as Q3 earnings beat fails to impress
BEIJING – Chinese electric vehicle maker Li Auto Inc . (NASDAQ:LI) reported better-than-expected third-quarter results on Wednesday, but its stock fell 5.5% as investors appeared unimpressed by the earnings beat.…
Coinbase earnings fall short of estimates as trading volumes sag
Investing.com — Coinbase (NASDAQ:COIN) reported third-quarter earnings that fell short of Wall Street estimates as weakness in cryptocurrencies during the quarter kept a lid on trading volumes. Shares in the…
Starbucks misses Q4 expectations but new CEO’s plan ‘clear and aspirational’
Starbucks Corporation (NASDAQ:SBUX) reported fourth-quarter results that fell short of analyst expectations. The coffee giant’s earnings and revenue declined as it faced challenges in customer experience and traffic. Still, the company’s…
Is Trump’s Truth Social now worth the same as Elon Musk’s X?
Shares of Trump Media & Technology (DJT), the parent company of the Truth Social platform, experienced sharp swings on Tuesday, with trading halted multiple times due to market volatility. Despite…
Comcast stock price forms a rare bullish pattern ahead of earnings
Comcast (CMCSA) stock price has crawled back in the past few months, helped by the ongoing US equities rally. It has rebounded by 17% from its lowest level this year…