Shares of Chinese electric vehicle giant BYD surged to a record high in Hong Kong on renewed investor optimism, widening the premium over its Shenzhen-listed shares to an all-time high.The stock jumped as much as 4.4% in Hong Kong, pushing its price to over 5% higher than its mainland counterpart,…
European markets slipped on Wednesday as geopolitical tensions resurfaced and fresh inflation data from the UK cast doubt on the prospect of interest rate cuts.Germany’s DAX declined 0.2%, France’s CAC 40 fell 0.3%, and the UK’s FTSE 100 lost 0.17% in early trade.Sentiment was hit after US President Donald Trump’s…
Lucid Group stock price has bounced back and surged to its highest point since February 25. LCID soared by almost 50% from its lowest level this year, mirroring the performance of other companies like Tesla and Rivian Automotive. This article explores the recent earnings and whether this is a good…
Marks & Spencer Group Plc has warned that a cyberattack which disrupted its systems for more than three weeks will lead to a £300 million hit to its operating profit this fiscal year. The British retailer, which had recently been delivering on a high-profile turnaround, said it is attempting to…
Luminar stock price has crashed amid lingering concerns about its growth and management challenges. LAZR was trading at $4.17 on Tuesday after falling by 8% from the day before. It has become a fallen angel as its stock plunged by almost 100% from its all-time high, bringing its market cap…
Asian equities ended broadly higher on Wednesday, with gains across most major markets driven by easing trade tensions and improving economic forecasts. However, Japanese shares underperformed amid continued yen appreciation and weakening export growth, which weighed on sentiment.China and Hong Kong stocks rise Chinese markets posted modest gains after Morgan…
Investors are taking a cautious stance on Palo Alto Networks Inc (NASDAQ: PANW) this morning, even though the cybersecurity firm reported better-than-expected results for its fiscal Q3.According to Nikesh Arora, the third quarter was “phenomenal” for PANW given the challenging macroeconomic environment.In his interview with Jim Cramer, the company’s top…
Greggs has reported stronger trading in recent months, buoyed by viral popularity of its new Mac and Cheese product and the rollout of an expanded menu across hundreds of outlets. The UK’s largest bakery chain said like-for-like sales rose 2.9% in the first 20 weeks of 2025, with momentum improving…
Canada’s annual inflation rate fell to 1.7% in April from 2.3% in March, owing primarily to a sharp 12.7% decline in overall energy prices, according to data released by Statistics Canada. The drop comes after the federal government eliminated the consumer carbon tax, which considerably reduced gas prices and residential…
Brazil’s central bank has raised concerns about the rapid rise in the use of US dollar-backed stablecoins for cross-border money transfers, warning that the development undermines capital controls and increases capital flow volatility.On Tuesday, Deputy Governor Renato Gomes stated that the growing popularity of stablecoins—digital assets pegged to fiat currencies…