(Bloomberg) — One of the world’s most prominent technology ETFs looks poised for a big rebalancing that would ramp up exposure to Nvidia Corp. at the expense of Apple Inc. – spurring billions of dollars in trading volume in one fell swoop. Most Read from Bloomberg Barring an 11th-hour deviation from the methodology set out […]
Read the full story on Modern Car Collector Aspark SP600 Surpasses Rimac Nevera’s EV Top Speed Record Japanese electric hypercar brand Aspark has made headlines again with its latest achievement. The Aspark SP600 has surpassed the Rimac Nevera, setting a new top speed record for electric vehicles. The Aspark SP600 achieved an astonishing top speed […]
ByJan Nieuwenhuijs of Gainesville Coins Sturdy central bank gold buying since 2009 and a rising gold price has grown the precious metal’s share of global international reserves to the detriment of fiat currencies. By the end of 2023 gold surpassed the euro and the next fiat currency to be challenged is the US dollar. Often […]
In less than three days, Donald Trump’s TikTok account has far outpaced the Biden campaign’s — an early indication of the strength of the former president’s brand on the Gen Z-tailored social media platform. Trump’s TikTok account has achieved almost 5 million followers and 5.2 million likes, compared with the Biden campaign’s roughly 355,000 followers […]
What you need to know A new research study shows OpenAI’s GPT-4 model is better at predicting future earning trends than professional financial analysts or state-of-the-art AI models trained to handle such tasks. The researchers indicate that GPT-4 didn’t have access to qualitative data during the study. The study attributes GPT-4’s performance to its economic […]
BEIJING (Reuters) – Brazil has overtaken Belgium as the largest export market for Chinese new energy vehicles, industry data showed, as Chinese carmakers increase sales to non-European markets amid European Union’s anti-subsidy probe into Chinese electric vehicles. Exports of pure electric and plug-in hybrid cars to Brazil soared 13-fold year-on-year to 40,163 units in April, […]
BEIJING (Reuters) – Brazil has overtaken Belgium as the largest export market for Chinese new energy vehicles, industry data showed, as Chinese carmakers increase sales to non-European markets amid European Union’s anti-subsidy probe into Chinese electric vehicles. Exports of pure electric and plug-in hybrid cars to Brazil soared 13-fold year-on-year to 40,163 units in April, […]
Walmart (WMT) wowed Wall Street yet again, causing the stock to jump about 6% in early trading Thursday. For its fiscal 2025 Q1, America’s biggest retailer posted revenue of $161.51 billion, higher than the $159.58 billion expected, while adjusted earnings per share also came in higher at $0.60, compared with estimates of $0.53. CEO Doug […]
Walmart (WMT) wowed Wall Street yet again, causing shares to jump about 6% in early trading Thursday. For its fiscal 2025 Q1, America’s biggest retailer posted revenue of $161.51 billion, higher than the $159.58 billion expected, while adjusted earnings per share also came in higher at $0.60, compared with estimates of $0.53. CEO Doug McMillion […]
Reported Net Earnings: $596 million, with earnings per diluted share of $0.94, falling below the estimated earnings per share of $1.11. Core Earnings: Adjusted to $730 million, or $1.16 per diluted share, surpassing the estimated earnings per share of $1.11. Operating Cash Flow: Reached $1.7 billion, marking a 4% increase year-over-year, supporting significant free cash […]
Earnings Per Share (EPS): Reported at $2.15, surpassing the estimate of $2.04. Adjusted EPS: Posted at $2.03, slightly below the estimated $2.04. Net Income: Achieved $2.6 billion, exceeding the estimated $2.534 billion. Revenue: Details not provided, comparison with the estimated $15.047 billion revenue not possible. Cash from Operations (CFO): Generated $5.1 billion, indicating robust operational […]
China’s crisis of consumer confidence may be turning a corner. China’s economy has been shaky for much of the past year, with economists pointing to a prolonged property crisis, stubbornly high youth unemployment, and continued costs from COVID-zero. But data from a recent April holiday may show that Chinese consumers are ready to start spending […]