India’s equity benchmarks snapped their impressive seven-day winning streak on Friday, April 25, closing lower as broad-based selling pressure took hold. While the IT sector provided a pocket of resilience, concerns over geopolitical tensions and potential profit-taking after recent gains weighed heavily on market sentiment, particularly impacting mid-and small-cap stocks.After…
Intel Corp (NASDAQ: INTC) forecast lower-than-expected revenue and profit for the second quarter, unsettling investors during new CEO Lip-Bu Tan’s first earnings report at the helm. The announcement comes amid escalating Sino-US trade tensions and growing uncertainty around global semiconductor demand, which the company says could trigger a broader economic…
Alphabet Inc (NASDAQ: GOOGL) has been contending with the Department of Justice over its proposal to break up the company, citing the firm’s illegal monopolies in areas like search and advertising. However, doing what the DOJ is asking may actually prove to be a positive for Google in the long run,…
T-Mobile US (NASDAQ: TMUS) reported better-than-expected first-quarter earnings on Thursday, but its slower-than-anticipated growth in core wireless phone subscribers weighed on investor sentiment, with shares tumbling 6.4% in premarket trading on Friday. The company posted adjusted earnings of $2.58 per share on revenue of $20.9 billion, surpassing analyst expectations of…
Pony AI Inc (NASDAQ: PONY) is up some 20% in premarket after the Chinese startup said it has teamed up with Tencent to develop autonomous driving technology. At the time of publishing, the stock has pared some early gains and now trades around 10% higher.Pony will collaborate with the Shenzhen-headquartered giant…
Grupo Mexico, South America’s biggest mining and transport conglomerate, posted a 17% increase in first-quarter net profit on Friday, supported by higher copper and silver prices and lower production costs.Net profit reached $1.09 billion, exceeding the $816 million forecast from analysts surveyed by LSEG.The results were largely driven by an…
The benchmark S&P 500 index has recovered nearly 10% in recent weeks after President Trump agreed to a 90-day pause on almost all tariffs other than the ones imposed on China.Additionally, the White House exempted electronic devices from aggressive tariffs as well.Still, if the US economy slides into a recession,…
A US court monitoring the high-profile auction of shares in Citgo Petroleum’s parent company has allowed a 30-day bidding process that will begin on April 28, setting the stage for fierce competition among creditors and investors. According to court documents cited by Reuters, a final selection hearing is scheduled on…
The GBP/USD exchange rate has pulled back this week as the US dollar index (DXY) has stabilized. It initially rose to a high of 1.3430 earlier this week and then pulled back to the current 1.3300. This article explores what to expect after the latest UK retail sales data, and…
The FTSE 100 index extended its recovery this week, reaching its highest level since April 2. It has jumped by 11.2% from the lowest level this year. Precisely, it soared for nine consecutive days, its longest streak in over a year. The recovery has mirrored that of other European indices like…