Sales of electric vehicles (EVs) plunged across Europe last month, fuelled by a sharp drop-off in demand in Germany. Official figures show that sales for new EVs fell by 30pc in Germany last month, which led to a broader fall of 12.5pc across the Continent. It comes a week after Brussels launched a crackdown on […]
By Suzanne McGee and Priyanka G (Reuters) – Shares of GameStop tumbled on Monday after CEO Ryan Cohen told investors that the videogame retailer plans to operate a smaller network of stores, but did not provide details on what it intends to do with its cash pile. GameStop shares were down 11.6% at $25.38 on […]
US stocks pulled back on Friday, signaling a retreat from all-time highs as European turmoil rattled nerves and Elon Musk’s pay package win thrust Tesla (TSLA) center stage. The Dow Jones Industrial Average (^DJI) sank about 0.5% to lead the declines, while the S&P 500 (^GSPC) shed 0.4%. The tech-heavy Nasdaq Composite (^IXIC) dropped 0.3%. […]
US stock futures pulled back on Friday, signaling a retreat from all-time highs as European turmoil rattled nerves and Elon Musk’s pay package win put Tesla (TSLA) center stage. Dow Jones Industrial Average futures (YM=F) sank about 0.7% to lead the declines, while S&P 500 futures (ES=F) shed 0.5%. Contracts on the tech-heavy Nasdaq 100 […]
Boeing received orders for only four new planes in May — and for the second straight month, none for its best-selling 737 Max, as fallout continues from the blowout of a side panel on a Max during a flight in January. The results released Tuesday compared unfavorably with Europe’s Airbus, which reported orders for 27 […]
RENO, Nev. (AP) — Records tumbled across the U.S. Southwest on Thursday as temperatures soared past 110 degrees Fahrenheit (43 degrees Celsius) in some areas, and the region’s first heat wave of the year was expected to maintain its grip for at least another day. Although the official start of summer was still two weeks […]
(Bloomberg) — India’s markets slid on Tuesday as initial tallies signaled that Prime Minister Narendra Modi’s ruling party was struggling to win a majority of seats in national elections, a stunning result after exit polls showed he was on pace for a landslide victory. Most Read from Bloomberg The NSE Nifty 50 Index tumbled as […]
Donald Trump attends his criminal trial in New York yesterday – Mark Peterson/AFP via Getty Images Donald Trump has taken a $357m (£280m) hit as shares in his social media company dropped after the former president was found guilty of fraud. Shares in Trump Media and Technology Group, the owner of Truth Social, fell by […]
Shares of Trump Media & Technology Group swung wildly at the opening bell Friday, falling rapidly after it appeared that the owner of social networking site Truth Social, would bounce back despite the conviction of the former President Donald Trump in his hush money trial. A New York jury found Trump guilty of falsifying business […]
Nutanix (NTNX) reported fiscal third-quarter earnings and revenue that topped consensus estimates. July quarter revenue guidance for Nutanix stock came in well below expectations, sending shares tumbling. X Reported after the close on Wednesday, Nutanix earnings for the quarter ended April 30 were 28 cents a share on an adjusted basis vs. 4 cents a […]
The U.S. stock market soared to a new record high over the past week, but there may still be trouble on the horizon, according to JPMorgan analysts. The forecast from JPMorgan’s chief market strategist Marko Kolanovic is one of the most pessimistic on Wall Street. He and his peers see the S&P 500 ending the […]
(Reuters) -GameStop expects first-quarter net sales to drop from a year ago, as customers transition to buying video games and collectibles online, while the retailer largely relies on brick and mortar stores. Shares of the company fell 10% in premarket trading on Friday, as it also filed for a mixed-shelf offering of an unspecified size. […]