Shares of Tesla (NASDAQ: TSLA) climbed on Thursday, rising above the $400 mark as improved sales data from China supported investor sentiment despite ongoing concerns around the company’s long-term strategy. The stock was up around 3% at $409.70 in early trading. China sales provide boost Tesla sold 79,478 vehicles from its Shanghai plant in April,
The UK stock market rallied sharply on Wednesday as investor sentiment improved amid growing expectations of a potential agreement between the United States and Iran following months of conflict in the Gulf region. The benchmark FTSE 100 index rose 2.4% by 1055 GMT, while the midcap FTSE 250 climbed 2.6%, reaching its highest level in
Shares of Uber Technologies surged nearly 10% in premarket trading on Wednesday after the company reported first-quarter results that exceeded analyst expectations, supported by strong growth in trips and gross bookings. The ride-hailing platform posted adjusted earnings of 72 cents per share, ahead of FactSet estimates of 69 cents. Revenue rose 14% year-on-year to $13.2
Global airlines have cut around 13,000 flights scheduled for May, as surging jet fuel prices driven by the Middle East conflict force carriers to trim capacity and reassess operations. The cancellations account for roughly 1% of global flights, a notable disruption across the aviation sector. Data shows that nearly two million seats have been removed
Shares of Corning surged about 20% in premarket trading on Wednesday after the company announced a multiyear partnership with Nvidia to expand optical manufacturing capacity in the United States. The collaboration will focus on developing advanced optical technologies for artificial intelligence infrastructure, including the construction of three new manufacturing facilities in North Carolina and Texas.
Wall Street’s main indexes opened higher on Wednesday, extending a strong run fueled by optimism over a potential US-Iran peace agreement and continued enthusiasm around artificial intelligence-driven growth. Stock indices advanced after reports suggested Washington and Tehran were nearing a deal to end the conflict. The Dow Jones Industrial Average rose 448 points, or 0.91%,
Shares of PayPal Holdings Inc. (NASDAQ: PYPL) fell sharply in premarket trading, down more than 10%, despite the company reporting first-quarter results that exceeded analyst expectations. The decline reflects investor concern over its near-term earnings outlook and ongoing restructuring efforts under new leadership. The payments platform posted revenue of $8.40 billion for the first quarter,
Alphabet Inc. is moving ahead with its largest-ever euro-denominated bond sale, attracting strong investor demand as it ramps up funding for artificial intelligence (AI) investments. The company has received more than €25.2 billion in orders for a planned debt sale of at least €9 billion. The offering is expected to be split into six parts
Wall Street’s main indexes recovered on Tuesday, as easing oil prices provided relief to equity markets despite renewed tensions in the Middle East that continue to cloud the global outlook. Dow Jones Industrial Average rose 198 points, or 0.41%, while the S&P 500 gained 0.63% and the Nasdaq Composite climbed 0.87%. The rebound followed a
The FTSE 100 Index retreated for four consecutive days as UK government bond yields surged and after HSBC published a weak financial report. It dropped to £10,225 on Tuesday, down sharply from the year-to-date high of £10,935. Soaring UK Gold yields A key reason why the FTSE 100 Index pulled back is that UK bond