Shares of General Motors fell about 4% on Thursday after the company reported a sharp decline in first-quarter sales, highlighting mounting pressure on the auto industry from high borrowing costs, elevated vehicle prices, and rising fuel costs. The Detroit-based automaker said it sold 626,429 vehicles between January and March, marking a 9.7% decline from a
Duolingo stock price has slumped this year and is now hovering near its lowest level since February 2023. It has erased most of the gains made in the past few years, with its valuation falling from over [MONEY value=”27000000000″ currency=”usd” notation=long” replace=”false”] to [MONEY value=”4630000000″ currency=”usd” notation=long” replace=”false”] today. Duolingo stock has slumped amid AI
US stocks opened higher on Wednesday, extending momentum from the previous session’s sharp rally, as investors grew increasingly hopeful that the conflict between the United States and Iran could be nearing an end. Markets were buoyed by comments from Donald Trump and Secretary of State Marco Rubio, who indicated that the war could soon wind
Intel said it will spend $14.2 billion to buy back the 49% stake it previously sold to Apollo Global Management in its Ireland manufacturing facility, marking a significant step in its turnaround strategy as demand for artificial intelligence infrastructure gathers pace. The transaction will restore full ownership of the Leixlip-based plant to Intel, underscoring its
Airbus share price has moved into a bear market after falling by over 27% from its highest point this year. It dropped to €157 this week, down sharply from the year-to-date high of €220. This article provides what to expect in April when the company publishes its earnings. Airbus share price technical analysis points to
Alphabet Inc.’s Google is facing mounting pressure from child development experts to stop AI-generated videos from being shown or recommended to children on YouTube and YouTube Kids. On Wednesday, over 200 experts, organisations, and educational institutions sent a letter to Google CEO Sundar Pichai and YouTube CEO Neal Mohan, raising concerns about the educational value
US stocks rose on Tuesday, as investors responded positively to signs of potential de-escalation in the Middle East conflict, even as oil prices remained elevated and broader market risks persisted. The Dow Jones Industrial Average climbed 380 points or 0.8%, while the S&P 500 and Nasdaq 100 also advanced more than 1%. The gains followed
As Dow Jones slides into the “correction territory” and the benchmark S&P 500 index logs its fifth consecutive week of losses, investors are increasingly desperate for a port in the storm. According to Barclays’ senior analyst Andrew Ferremi, the market has shifted into a new, volatile era where geopolitical tensions, oil price spikes, and AI-driven
US megacap technology stocks, long the driving force behind a bull run spanning more than three years, are undergoing a sharp valuation reset as a mix of geopolitical tensions, rising yields, and questions around artificial intelligence spending weigh on sentiment. The pullback has intensified in recent weeks, with the sector already under pressure before the
Marvell Technology Inc (NASDAQ: MRVL) is inching higher after Nvidia announced a [MONEY value="2000000000" currency="usd" notation="long" replace="false"] direct investment and a strategic partnership with the custom chips specialist. MRVL pushed past its 20-day moving average (MA) today as investors reacted to this monumental vote of confidence that will see NVDA integrate the firm’s tech into