Tag: “Sector”

UBS expects to complete its takeover of Credit Suisse “as early as June 12”, which will create a giant Swiss bank with a balance sheet of $1.6 trillion following a government-backed rescue earlier this year.

U.S. automaker Tesla Inc (TSLA.O) delivered 77,695 China-made electric vehicles (EVs) in May, a 2.4% jump from April, data from the China Passenger Car Association (CPCA) showed on Monday.

Ryanair flew a record 17 million passengers in May, its highest for a single month and a 10% increase from a year earlier, the Irish airline said on Friday.

Shares of MongoDB rose as much as 22% in extended trading Thursday after the database software maker issued blowout fiscal first-quarter earnings and lifted its full-year guidance.

Lululemon reported earnings that beat Wall Street’s estimates on the top and bottom lines Thursday and raised its full-year guidance, bolstered by improvements in China and freight costs.

SentinelOne Inc. shares dove more than 35% in after-hours trading Thursday, after the security-software company missed expectations with its financial results and executives slashed their annual guidance while planning layoffs.

Chemical makers Chemours Co, DuPont de Nemours Inc and Corteva Inc said on Friday they would set up a $1.19 billion fund to settle PFAS-related drinking water claims in the United States.

Broadcom CEO Hock Tan says generative artificial-intelligence applications will boost demand for the company’s chips.

Dell posted unexpectedly strong earnings for its fiscal first quarter thanks to revenue that slightly exceeded expectations combined with some big cost reductions for components that were previously in short supply.

Electric-vehicle charging company ChargePoint reported better-than-expected sales and earnings Thursday evening.

During the Great Recession, consumers hunted for bargains, trading down to cheaper restaurants or picking the least expensive menu options.

C3.ai shares were trading sharply lower in premarket trading Thursday, the morning after the company provided a financial outlook for its April 2024 fiscal year that fell shy of Wall Street estimates.

Salesforce reported an earnings and revenue beat and lifted its full-year earnings guidance, but the stock dropped as much as 7% in extended trading as capital costs were higher than analysts expected.

Dollar General Corp cut its sales and profit forecasts for the year on Thursday as Americans, pinched by higher prices, shopped more for essentials and pared back purchases in categories including home goods and clothes, leading its shares down 14%.

Lucid Group said on Wednesday that it is raising about $3 billion through a new equity offering, with the majority coming from the Saudi fund that controls the luxury electric-vehicle maker.

Alibaba on Thursday began rolling out its ChatGPT-style technology as Chinese tech giants look to take a lead in the country’s artificial intelligence race.

Okta delivered a “beat-and-raise quarter” Wednesday, as the identity management software provider posted stronger-than-expected financial results for its fiscal first quarter, while boosting guidance for the January 2024 fiscal year.

CrowdStrike reported first-quarter earnings results for its fiscal 2024 year Wednesday, beating consensus estimates on the top and bottom lines but sending shares down more than 11% after hours on slowing revenue growth.

Nordstrom Inc posted a surprise first-quarter profit on Wednesday as better inventory control and demand from wealthy shoppers helped the company defy an inflation-driven slump in retail spending, sending its shares up 7% after hours.

Macy’s shares fell on Thursday, as the retailer slashed its full-year outlook and said it saw sales significantly weaken in late March.