The FTSE 100 Index remained in a narrow range this week as traders watched the developments in the Middle East, where odds of a deal between the US and Iran rose. It also wavered because of the weak HSBC earnings. This article looks at some of the top FTSE 100 and…
The USD/MXN exchange rate has come under pressure in the past few months as top emerging market currencies continued to beat the US dollar. It dropped to 17.30 on Friday, down from the year-to-date high of 18.14 as focus shifted to the US non-farm payrolls data and May 7th’s Mexico…
Europe’s push to expand offshore wind capacity is colliding with a structural supply crunch, as turbine prices soar and market concentration deepens. A new analysis from Rystad Energy warns that the region’s post‑2030 targets risk slipping out of reach unless policymakers and developers address bottlenecks in the turbine value chain. Siemens Energy,…
Shell dividend climbs 5% following strong Q1 financial performanceShell reported a strong first quarter, with adjusted earnings the company’s definition of net profit, rising to $6.92 billion. The figure, announced Thursday, significantly surpassed both the $5.58 billion reported a year ago and the analyst consensus of $6.36 billion.Shell plc is also…
Norway’s largest utility, Statkraft, reporteda rise in underlying operating profit for the first quarter on Thursday, supported by higher electricity prices across the Nordic region.The state-owned energy company said underlying profit before interest and tax climbed to 11.6 billion Norwegian crowns ($1.25 billion) during the quarter, compared with 9.0 billion…
Arm Holdings (NASDAQ: ARM) delivered the kind of earnings report that sends a high-flying chip stock higher.The revenue beat estimates, profit beat estimates and demand for its new AI data-center chip looked strong.But in after-hours trading on Wednesday, the celebration turned into a sell-off.Arm stock jumped as much as 13%…
Shares of DoorDash (NASDAQ: DASH) surged 11% during pre-market trading on Thursday after the delivery platform posted quarterly earnings that topped Wall Street expectations and issued a stronger-than-expected outlook for order growth.The company reported adjusted earnings of 42 cents per share for the first quarter ended March 31, ahead of…
Rocket Lab stock (NASDAQ: RKLB) has become one of the market’s favorite regret trades.It went public at $11.58, fell to a record low of $3.79 in 2022, and now trades around $84.65, after a long run built on launch execution, defense contracts and a growing backlog.That is the kind of…
US equity futures pointed to a firmer open on Thursday, with all three major index contracts trading in positive territory ahead of the New York session.S&P 500 and Nasdaq 100 futures edged higher, while Dow futures rose about 120 points, or roughly 0.24%, in early trade.The advance was underpinned by…
TSLA reported a 36% year-on-year increase in China-made electric vehicle sales in April, marking the sixth consecutive month of gains as the US automaker continued efforts to defend its market position against intensifying competition from lower-priced Chinese rivals.Deliveries of Model 3 and Model Y vehicles produced at Tesla’s Shanghai plant…