SAP jumps 7% on earnings beat as cloud growth eases AI fears

Shares in SAP rallied on Friday after the German software giant reported better-than-expected first-quarter profit and reaffirmed its long-term cloud outlook. The strong result came even as concerns around artificial intelligence continue to weigh on the broader sector. SAP’s American depositary receipts rose 7.3% to $175.31, recovering from a 6.2% decline in the previous session.… Continue reading SAP jumps 7% on earnings beat as cloud growth eases AI fears

P&G beats Q3 expectations with first volume growth in a year

Procter & Gamble exceeded analyst expectations for quarterly earnings and revenue, reporting its first volume growth in a year and sending the company’s shares up approximately 3.3% on Friday. For its fiscal third quarter, P&G reported net income attributable to the company of $3.93 billion, or $1.63 per share, an increase from $3.78 billion, or… Continue reading P&G beats Q3 expectations with first volume growth in a year

Dow slips 179 pts as S&P 500, Nasdaq rise on Iran talk hopes

US stocks edged higher on Friday, supported by renewed optimism around potential diplomatic progress between Washington and Tehran, alongside strong momentum in semiconductor stocks led by Intel. The S&P 500 rose about 0.25%, while the Nasdaq 100 climbed 1.2%. The Dow Jones Industrial Average, however, was down 179 points. The cautious optimism follows reports that… Continue reading Dow slips 179 pts as S&P 500, Nasdaq rise on Iran talk hopes

Intel stock skyrockets 28%, so why are analysts still saying sell?

Intel stock (NASDAQ: INTC) soared as much as 28% in premarket trading on Friday after the chipmaker posted stronger-than-expected first-quarter earnings. The company issued second-quarter revenue guidance that topped Wall Street forecasts. For a company long written off as a laggard in the AI race, the move was a sharp reminder that sentiment can change… Continue reading Intel stock skyrockets 28%, so why are analysts still saying sell?

Elon Musk says Tesla has started producing cybecabs

Tesla Inc. has started manufacturing its long-awaited Cybercab robotaxi, Chief Executive Officer Elon Musk said in a post on social media platform X. https://twitter.com/elonmusk/status/2047574971774611553?s=46 The announcement marks a key milestone in the company’s push into autonomous ride-hailing, even as its global vehicle sales continue to face pressure. Musk indicated that production ramp-up for the Cybercab… Continue reading Elon Musk says Tesla has started producing cybecabs

Dow futures tumble 130 points: 5 things to know before market opens

Wall Street futures were mixed on Friday as investors balanced a fresh burst of optimism in semiconductor stocks against lingering unease over the US-Iran conflict and the risk that elevated oil prices could weigh on growth. The split tone suggested traders were reluctant to push broad equity benchmarks much higher before the weekend, even as… Continue reading Dow futures tumble 130 points: 5 things to know before market opens

Are global stocks overlooking rising risks? BoE and investors raise concerns

Global equity markets may be underestimating a growing cluster of economic risks, with policymakers and investors alike warning that current valuations are out of step with reality. Bank of England deputy governor Sarah Breeden cautioned that asset prices remain near record highs despite mounting threats. While Emma Moriarty of CG Asset Management said markets are… Continue reading Are global stocks overlooking rising risks? BoE and investors raise concerns

TSMC hits record high on Taiwan rule shift; $28B inflow in focus

Shares of Taiwan Semiconductor Manufacturing Company surged to a fresh record high on Friday after Taiwan’s market regulator loosened restrictions on how much domestic funds can invest in a single stock. The move could unlock billions in fresh demand for the world’s largest contract chipmaker. The stock rose about 5% as investors reacted to the… Continue reading TSMC hits record high on Taiwan rule shift; $28B inflow in focus