BP posted weaker-than-expected earnings for the first quarter on Tuesday, as lower crude prices and a recent pivot in corporate strategy weighed on performance. The British oil major reported an underlying replacement cost profit of $1.38 billion for the January-to-March period, falling short of analyst expectations of $1.6 billion, based…
Amazon is pressing suppliers for steep discounts and renegotiating contracts to shield its bottom line from fresh US tariffs on Chinese imports, reigniting a playbook last used during Donald Trump’s first term as president, the Financial Times reported. The Seattle-based ecommerce giant has asked for low double-digit price cuts from…
Shares of Plug Power (NASDAQ: PLUG) jumped up to 43.5% to $1.16 in early trading on Monday after the hydrogen fuel cell company announced significant operational improvements, a new credit agreement, and strong preliminary first-quarter results. The company’s latest steps, which include a major cost-cutting initiative and a $525 million…
Brazil’s central bank leadership on Monday reaffirmed the need for a cautious, data-driven approach to monetary policy, despite stubborn inflation and rising economic uncertainty.Deputy Governor Gabriel Galipolo, speaking at a J. Safra event in São Paulo, stressed that building policymakers’ confidence in inflation’s return to the official target was crucial.“It…
It may not be too late to invest in SoFi Technologies Inc. (NASDAQ: SOFI) even though the fintech stock has already gained nearly 35% in recent weeks, says a senior analyst at Citizens JMP.According to Devin Ryan, shares of the neobank could climb all the way back to $17 by…
Pony AI Inc. (NASDAQ: PONY) chief technology officer Lou Tiancheng says the robotaxi technology company has effectively lowered its manufacturing costs by a whopping 70%.Tiancheng made the revelation in an interview with the Wall Street Journal today, adding that the Guangzhou headquartered firm, which is often touted as Chinese Waymo,…
Asian stock markets began the trading day with a palpable sense of caution on Tuesday, as investors navigated a landscape marked by lingering uncertainty over US trade policies while bracing for a pivotal week filled with high-impact corporate earnings and critical economic data releases. The tentative mood followed a late…
Indian equity benchmarks are expected to open higher on Tuesday, potentially extending their recent positive momentum, buoyed by supportive global developments and sustained confidence from foreign investors. Strong earnings from index heavyweight Reliance Industries are also anticipated to provide a positive underpinning for the market at the start of the…
The way Americans pay for everyday necessities appears to be shifting, with a growing number turning to installment plans even for basic purchases like groceries. This trend, highlighted in a recent survey, offers a stark glimpse into the mounting economic pressures facing consumers and the evolving role of Buy Now,…
European stock markets opened with modest gains on Tuesday, attempting to build on recent positive momentum, but the automotive sector immediately faced headwinds as major manufacturers reported disappointing earnings and flagged concerns related to US tariffs and market uncertainty. Investors parsed a heavy slate of corporate results for fresh insights…