Figma stock price has crashed and is hovering near its all-time low as concerns about its business growth and costs jump. After peaking at $142 following its initial public offering, FIG stock has tumbled to $21, erasing billions of dollars in value. Still, there are signs that the stock is…
The Hang Seng and Shanghai Composite were in a narrow range on Thursday as investors waited for the Donald Trump and Xi Jinping summit in Beijing. They were trading at H$26,388 and CNY 4,242, respectively.Chinese stocks wavers ahead of Trump-Xi summit The Shanghai Composite and the Hang Seng indices moved sideways…
Brent crude oil price was in a tight range today, May 14, as investors focused on the upcoming meeting between Donald Trump and Xi Jinping in Beijing. It was trading at $105.75, where it has remained in the past few days. Oil prices will also be in the spotlight as global…
Nio stock price jumped by over 4.4% in Hong Kong today, May 14, mirroring its performance in Wall Street a day earlier. It jumped to H$50.45, its highest level in two weeks, and is up by over 45% from its lowest point this year. This growth makes it one of…
The Rolls-Royce share price remains on edge this year as investors continue their focus on the ongoing US-Iran war that is having a major negative impact on the civil aviation industry. RR dropped to 1,200p today, down sharply from the all-time high of 1,420p, which it reached in February this…
Siemens reported weaker-than-expectedsecond-quarter earnings on Wednesday.The German engineering group posted strong order growth and maintained its full-year outlook despite what it described as a “very demanding” geopolitical environment.The trains-to-industrial software maker said revenue for the three months ended March 31 remained flat at €19.76 billion, missing analysts’ forecasts of €20.14…
Nebius stock will be in the spotlight today as the European technology giant publishes its financial results, which are expected to show robust revenue and backlog growth. NBIS was trading at $129 on Tuesday, a few points below the all-time high of $197.Nebius stock in focus as it releases its…
Germany’s Allianz on Wednesday reported a 52% rise in first-quarter net profit, supported by gains linked to the sale of stakes in its Indian joint ventures and strong performance in its property and casualty and asset management businesses.The insurer said it remained on track to achieve its full-year operating profit…
Japanese technology investor SoftBank Group posted a sharp rise in quarterly profit on Wednesday as surging gains from its investment in OpenAI boosted the performance of its Vision Fund business.The company reported a net profit of 1.9 trillion yen ($12.05 billion) for the January-March quarter, compared with a profit of…
Cipla, India’s third-largest drugmaker by revenue, reported weaker-than-expected fourth-quarter earnings on Wednesday as weak sales and intense competition in its key US market weighed on performance.The company’s consolidated net profit fell 54.6% year-on-year to 5.55 billion rupees ($58 million) for the quarter ended March 31.The earnings figure came in below…