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Volkswagen reported a sharp decline in first-quarter earnings, as tariff pressures, geopolitical tensions and rising competition impacted performance. Europe’s largest carmaker posted an operating profit of 2.5 billion euros ($2.9 billion) for the first three months of the year. This marked a 14% drop compared with the same period last year. The figure also missed… Continue reading Volkswagen Q1 profit falls 14% amid tariffs, China slowdown

European stock index futures pulled back further on Thursday as investors reacted to the soaring crude oil prices and the bizarre military options CENTCOM will offer President Donald Trump. The FTSE 100 futures dropped to £10,190, while those linked to the DAX, Stoxx 50, and CAC 40 fell by nearly 1%. Crude oil price soars… Continue reading FTSE 100, DAX, CAC 40 futures fall as risk rises ahead of ECB, BoE

Samsung Electronics on Thursday reported the strongest quarterly results in its history, as a near-50-fold surge in chip earnings driven by artificial intelligence data centre spending lifted operating profit to a fresh record. The strong figures prompted the South Korean technology giant to signal continued momentum for the rest of the year. Samsung said operating… Continue reading Why Samsung stock is falling after its best quarter in history?

Asian equities opened on Thursday on a divided note, with traders still grappling with some major pressures. The market is still weighing the impacts of a fresh surge in oil prices and the Federal Reserve’s April 29 decision to keep US rates unchanged. Brent crude climbed to around $122.53 a barrel, and US West Texas… Continue reading Nikkei 225 slides as Asian markets split on oil surge, Fed pause

Amazon (AMZN) is in the spotlight during extended trading hours after the tech giant delivered a massive “double beat” in Q1 results – powered by an explosion in AI-driven cloud demand and a high-margin advertising surge. Investors are zeroing in on the firm’s aggressive growth trajectory and a forward-looking revenue guide that suggests the retail… Continue reading Amazon Q1 earnings crush estimates across the board

Wall Street closed mixed on Wednesday as investors navigated a confluence of market-moving forces: surging crude oil prices driven by an escalating US blockade of Iranian ports, a Federal Reserve interest rate decision that proved more divided than expected, and high-stakes earnings from four of the “Magnificent Seven” technology giants reported after the closing bell.… Continue reading Dow falls for fifth straight day as oil surges and Fed holds rates

Shares of Meta Platforms fell sharply in extended trading on Wednesday after the company reported mixed first-quarter results, with a miss on user growth and lower-than-expected capital expenditures overshadowing a revenue beat. The stock dropped about 6% after hours. Meta shares had gained 1.4% year-to-date through Wednesday’s close in New York. Revenue beats, user growth… Continue reading Meta stock plunges 6% after earnings leave investors disappointed

Alphabet reported first-quarter revenue and profit above expectations, driven by strong performance in its cloud computing division. The results offer early signs that its heavy investments in artificial intelligence infrastructure are beginning to yield results. The parent company of Google said revenue excluding partner payouts reached $94.7 billion, surpassing analyst expectations of $91.6 billion. Total… Continue reading Alphabet stock surges 5% as sales beat estimates

Microsoft shares fell 2% in after market trading even after posting stronger-than-expected results for its fiscal third quarter, with cloud and artificial intelligence driving broad-based growth that offered some relief to investors who had grown wary of the company’s heavy spending on AI infrastructure. Total revenue rose 18% year-over-year to $82.9 billion, beating analyst estimates… Continue reading Microsoft stock falls 2% despite cloud revenue surging 40%