Top Stories Archives - Page 140 of 1424

2 minute read

Warren Buffett’s Berkshire Buys Up Chubb As Insurance Market Faces ‘Trouble’: A Bold Contrarian Bet?

May 16, 8:33 AM

Warren Buffett's Berkshire Hathaway bought 26 million shares of Chubb, causing the stock to soar 8.21%. This move reflects his contrarian approach and confidence in the company's long-term prospects amidst challenges in the insurance industry.

BRK

2 minute read

Is The New Meme Stock Rally Led By GME, AMC A Repeat Of 2021? Vanda Research Says No: ‘Chances We Reach That Stage Are Low’

By Shanthi Rexaline

May 16, 7:59 AM

In the five sessions leading up to Monday's close, retail trades in GameStop averaged 7%, while for AMC, the number was only slightly higher, the report noted.

AMC

2 minute read

GM’s President Just Wants ‘A Level Playing Field’ Against Chinese EV Companies As Legacy Automaker Launches Tesla Model Y Challenger

By Anan Ashraf

May 16, 7:48 AM

China's lower-priced products might force the local players out of the market, Reuss told InsideEVs at the Chevrolet Equinox EV launch event near Detroit.

2 minute read

Walmar’s Q1 Earnings: Revenue and EPS Beat, More Members And High-Income Households, Raised Outlook

By Vandana Singh

May 16, 7:45 AM

Walmart shares surge as Q1 2025 results surpass expectations with a 6% revenue increase to $161.51 billion and adjusted EPS of $0.60.

WMT

2 minute read

JD.com’s Q1 Earnings: Revenue And EPS Beat, Adj. EBITDA Growth, CEO Credits Focus on User Experience And More

By Anusuya Lahiri

May 16, 7:28 AM

JD.com reported Q1 2024 results, with revenue of $36.02B beating expectations and adjusted net income per ADS of $0.78. Stock gained after results.

BABA

2 minute read

Wall Street Eyes Breather After Record Run As Walmart Earnings, Fed Speakers In Focus: Analyst Banks Hopes On Nvidia Print, H2 Rate-Cut

By Shanthi Rexaline

May 16, 6:53 AM

Stocks may take a breather after Wednesday’s record run, fueled by a mild consumer price inflation report, with index futures holding relatively steady in early trading.

AMAT

2 minute read

Amazon, Google-Funded EV Startup And More Companies Scramble To Snag Tesla’s Laid-Off Employees

By Anan Ashraf

May 16, 6:14 AM

Tesla's decision to lay off approximately 500 employees from its Supercharging team as part of its global restructuring efforts has garnered significant attention.

AMZN

2 minute read

Asia Markets Advance While Europe Dips, Gold Closes In On $2,400 Again – Global Markets Today While US Slept

By Akanksha Bakshi

May 16, 6:12 AM

Asian markets rallied on Thursday, with Japan's Nikkei 225, Australia's S&P/ASX 200, India's Nifty 50, and China's indices all closing higher. Despite a small dip in commodities, world stocks reached a record high, fueled by hopes of U.S. interest rate cuts. However, European markets bucked the global trend, edging lower due to disappointing earnings.

ADIV

2 minute read

Musk Goes All In For Mega-Payday As Tesla Targets Growing Retail Investor Army With Dedicated Website, Strategic Advisor

By Ramakrishnan M

May 16, 4:10 AM

A dedicated "Vote Tesla" website targets retail investors, who hold an estimated 42% of Tesla's shares.

TSLA

2 minute read

Struggling Chinese EV Maker Aiways Stages Comeback Via $400M US SPAC Deal After Zeekr’s Stellar New York Debut

By Anan Ashraf

May 16, 4:09 AM

The company's financial situation collapsed last year, forcing it to halt production at its Shangrao plant with an annual capacity of 300,000 vehicles.

HUDA