Stock Research

Mobileye Global Inc. (NASDAQ: MBLY) faces a pivotal moment as it heads into its Q2 earnings report, set for tomorrow. Already under pressure with a 54% drop in its stock value year-to-date, the company’s challenges were compounded today as J.P. Morgan downgraded the stock. Citing concerns about the SuperVision product and inventory issues, analyst Samik… Continue reading J.P. Morgan downgrades Mobileye Global ahead of Q2 earnings: Will the stock keep falling?

Uber Technologies Inc. has announced a significant expansion of its electric vehicle (EV) fleet, with plans to introduce around 100,000 EVs manufactured by Chinese automaker BYD Co. Ltd. The initiative will initially focus on Europe and Latin America, with future expansions planned for the Middle East, Canada, Australia, and New Zealand. The collaboration aims to… Continue reading Uber to integrate 100,000 BYD electric vehicles in Europe and Latin America

Microsoft just announced its Q4 earnings and the stock hasn’t responded well. The stock fell as much as 7% after the announcement, though most of it has been recovered as we head into today’s trading session. The reason for the downfall was a slowdown in the growth of the cloud segment. This in itself wouldn’t… Continue reading Microsoft’s loss, Nvidia’s gain: Should investors worry about ever-increasing AI spending?

Delta Air Lines faces a significant financial setback following an IT outage caused by a faulty CrowdStrike update earlier in July, with estimated losses reaching $500 million. Delta’s CEO Ed Bastian announced the financial impact and emphasized the company’s intention to seek damages for the disruptions that grounded thousands of planes and caused widespread passenger… Continue reading CrowdStrike IT outage: Delta Air Lines says it faced losses of up to 500 M, will seek damages

Boeing reported a nearly 90% jump in its net loss for the quarter ending June 30, compared to the same period last year with lower commercial delivery volumes and losses in defense development programs dragging down its earnings in a big way.  The company also announced Robert K Ortberg as the new president and CEO who… Continue reading Boeing’s woes deepen as aircraft manufacturer reports 90% rise in net loss in Q2

Boeing has announced the appointment of Kelly Ortberg as its new chief executive, tasking the former leader of aerospace supplier Rockwell Collins with navigating the plane maker through one of the most challenging periods in its history. Ortberg, 64, will succeed Dave Calhoun, who has led Boeing since 2020 and previously announced his intention to… Continue reading Boeing appoints aerospace veteran Kelly Ortberg as new CEO

Rolls-Royce share price has retreated in the past few weeks as some investors start taking profits after a spectacular rally earlier this year. The stock dropped to a low of 445p on Tuesday, down by almost 9% from its highest point this year.  Industrial earnings going on Rolls-Royce stock price has wavered in the past… Continue reading Is Rolls-Royce share price a 52% bargain ahead of earnings?

American financial services giant Wells Fargo & Co. has been hit with a class action lawsuit accusing the bank of mismanaging its employee health insurance plan, which allegedly forced tens of thousands of US employees to overpay for prescription drugs. Filed on Tuesday in Minnesota federal court, the lawsuit claims the bank violated the Employee… Continue reading Wells Fargo faces lawsuit over alleged health plan mismanagement and inflated prescription costs