Earnings
By Suzanne McGee (Reuters) – Interest in leveraged exchange-traded funds that allow investors to profit when shares of Nvidia (NASDAQ:) fall grew steadily ahead of the chipmaker’s quarterly results, according to data from some of the companies that issued the products. Nvidia, which in June eclipsed Microsoft (NASDAQ:) as the…
NEW YORK – Affirm Holdings Inc. (NASDAQ:) saw its shares soar more than 21% after the buy-now-pay-later company reported better-than-expected fourth-quarter results and provided upbeat guidance for the current quarter. The fintech firm posted an adjusted loss of -$0.14 per share for the quarter ended June 30, significantly narrower than…
By Gaurav Dogra and Patturaja Murugaboopathy (Reuters) – A key Asia stock index has gained its biggest lift in earnings projections in more than three years, as the region’s semiconductor firms benefit from the boom in generative artificial intelligence. Also helped by robust second-quarter results across a wide range of…
By Johann M Cherian and Purvi Agarwal (Reuters) – Wall Street’s main indexes were little changed on Wednesday ahead of Nvidia (NASDAQ:)’s earnings report, with focus squarely on if the recent bull market rally that was led by the AI chip firm and other tech-related shares can be sustained. The…
By Tom Westbrook SINGAPORE (Reuters) -Global stocks were poised near record highs on Wednesday, with the next move riding on results at chipmaking market darling Nvidia (NASDAQ:), while sterling hovered near a 2-1/2-year high as traders bet that Britain will lag the U.S. in cutting interest rates. MSCI’s broadest index…
Investing.com– Most Asian stocks retreated on Wednesday with technology-heavy indexes falling in anticipation of earnings from market darling Nvidia, while Australian stocks sank on a sticky inflation print. Persistent concerns over China also kept sentiment towards Asia on edge, after Canada said it will impose steep trade tariffs on the…
Investing.com– U.S. stock index futures fell in evening deals on Tuesday, with heavyweight technology stocks remaining fragile in anticipation of earnings from Nvidia- which are set to shed more light on the AI trade. A rotation out of tech picked up this week amid growing conviction that the Federal Reserve…
Apple, the tech powerhouse behind the iPhone, iPad, Mac, and more, and services like Apple TV+, Apple Music, and the App Store, releases its earnings quarterly.Typically, Apple CEO Tim Cook joins the calls to reflect on the results and discuss the company’s future trajectory. Cook and Apple’s CFO field questions…
Investing.com — Pinduoduo (NASDAQ:) faces headwinds despite strong growth as the parent company of online marketplace Temu is set ramp up spending to fend off rising competition that could cloud the path for earnings growth, analysts at Macquarie said in a Tuesday note. Macquarie downgraded Pinduoduo to neutral from outperform…
Investing.com — Flughafen Zurich (SIX:) shares fell on Tuesday post its 1H24 results, which fell short of expectations. At 5:08 am (0908 GMT), Flughafen Zurich was trading 3.9% lower at CHF 196.30. The company reported an EBITDA of CHF 347 million for the first half of 2024, which was 3%…
