XPeng Faces Downgrade as Price Wars Impact Performance
XPeng, the Chinese electric vehicle (EV) manufacturer, has been downgraded once again due to the toll of ongoing price wars. J.P. Morgan analyst Nick Lai recently downgraded shares of XPeng…
Interpublic Group of Companies Reports Lower Revenue in Q2
Interpublic Group of Companies (IPG), a New York-based advertising holding company, announced its financial results for the second quarter. Despite a decline in revenue, IPG managed to increase its profit…
Kotak Mahindra Bank Q1 Results
Kotak Mahindra Bank is set to release its first-quarter results on Saturday, and here are the key details: Net Profit Forecast According to a poll of analysts by FactSet, Kotak…
European Stocks Finish Higher
The European stocks ended the day on a positive note, with the Stoxx Europe 600 index rising by 0.42% to 463.93. Performance of Major European Indices The French CAC 40…
The Numbers
In June, the leading economic index experienced a decline of 0.7%, marking its 15th consecutive monthly decrease. This significant drop is often considered a signal of an impending recession. However,…
The Enduring Vision of Tesla Inc.
In many ways, Tesla Inc.'s June-quarter earnings call echoed its prior one, as executives reiterated their commitment to the long game of autonomy while failing to quell investor concerns about…
Nokia Reports 29% Drop in Second Quarter Net Profit
In the second quarter, Nokia, the Finnish telecom equipment company, experienced a significant decline in its net profit. The comparable net profit decreased by 29% to 415 million euros ($464.9…
Nasdaq Futures Underperform Following Disappointing Results from Tesla and Netflix
The performance of Nasdaq futures was lackluster early Thursday as traders responded unfavorably to the latest updates from Tesla and Netflix. Stock-Index Futures Trading S&P 500 futures (ES00) rose by…
Platinum Production and Sales Decline in Q2
Anglo American Platinum reported a decrease in platinum production and sales volumes in the second quarter. However, the company remains confident in achieving its full-year targets for both production and…
China’s New Policies to Boost Private Investment
China's top economic planner, the National Development and Reform Commission (NDRC), has recently issued a set of new policy guidelines aimed at supporting and revitalizing private investment in the country.…
Atoss Software Raises 2023 Outlook after Strong Q2 Results
German provider of workforce-management software, Atoss Software, has increased its revenue and earnings for the second quarter, leading to an upgraded outlook for 2023. The company now expects to achieve…
The Apple Dilemma: Justifying a $3 Trillion Valuation
As the stock market continues to soar, one question looms large: how can we justify Apple's staggering $3 trillion valuation? It's no secret that the tech giant relies heavily on…