Airbus reported a sharp decline in first-quarter earnings on Tuesday, as supply chain disruptions—particularly engine shortages—curbed aircraft deliveries and weighed on profitability.Adjusted operating profit fell 52% year-on-year to 300 million euros, well below analyst expectations of 348 million euros. Revenue declined 7% to 12.65 billion euros in the three months…
A pivotal moment for global markets is set to unfold as Alphabet, Amazon, Meta and Microsoft prepare to report earnings on the same day, offering a rare, concentrated look into the health of the artificial intelligence economy.The simultaneous results from the four technology giants, which together account for a significant…
Atlassian stock price has slumped this year and is now hovering at its lowest level since November 2018. It was trading at $69, down from the record high of $483, with, the market cap falling from over $110 billion to $18 billion today. TEAM will now be on the spotlight…
Brent crude oil price continued rising on Wednesday after a new report suggested that President Donald Trump was considering a prolonged blockade in a bid to pressure Iran. It jumped to $110, up sharply from this month’s low of $87.Trump considers prolonged blockade A media report by Bloomberg suggests that President…
Silver price remained under pressure this week as focus remained on the ongoing US-Iran conflict and the upcoming Federal Reserve interest rate decision. XAG dropped to $72.90, down modestly from this month’s high of $82.SLV ETF outflows as macro risks remainThe ongoing silver price retreat has coincided with the selling…
Bitcoin price was largely unchanged on Wednesday morning as exchange-traded funds (ETFs) demand waned and the Crypto Fear and Greed Index dropped. BTC was trading at $77,173, a few points below this month’s high of $79,000.Bitcoin price at risk as ETF inflows easeBTC price remained on edge on Wednesday as…
Rolls-Royce share price slumped by nearly 2% today, April 29, as signs of a prolonged war between the US and Iran rose. It retreated to 1,113p, down sharply from the year-to-date high of 1,418p. The stock will be in the spotlight ahead of the upcoming trading statement on Thursday this…
Alphabet’s Google has joined a growing list of technology firms partnering with the US Department of Defence to supply artificial intelligence models for classified operations, The Information reported on Tuesday.The agreement allows the Pentagon to use Google’s AI systems for “any lawful government purpose”.This places Google alongside firms such as…
Novartis reported first-quarter core operating profit and sales below market expectations, as generic competition for its top-selling heart drug Entresto weighed on results.Shares of the Swiss drugmaker declined about 3% in premarket trading on Tuesday following the earnings release.Quarterly group operating income, adjusted for special items, fell 12% to $4.9…
Micron stock (NASDAQ: MU) rally looks impressive as the stock has climbed about 40% this month and was changing hands at $524.56 on Tuesday.That move has now drawn two separate $700 price targets, one from Melius Research’s Ben Reitzes in a fresh April 27 initiation and another from Cantor Fitzgerald’s…