Shell smashes forecasts with $7.7 billion quarterly profit
Daily Trader Insights By Ron Bousso LONDON (Reuters) -Shell reported first-quarter profit of $7.7 billion on Thursday, exceeding...
May 2024
Qualcomm jumps as AI sparks rebound in Chinese smartphone market
(Reuters) – Qualcomm shares climbed about 10% to a more than two-year high on Thursday...
Rivian receives $827 million in incentives to expand Illinois facility, shares jump
(Reuters) -Rivian Automotive said on Thursday it has received $827 million in an incentive package...
Cummins revenue misses estimates as truck demand stays on slow lane
(Reuters) – U.S. truck engine maker Cummins Inc missed Wall Street estimates for first-quarter sales...
AMD, Super Micro spark chip selloff as earnings miss lofty AI expectations
By Harshita Mary Varghese (Reuters) -Advanced Micro Devices and Super Micro Computer led a selloff...
Apple set for big sales decline as investors await AI in iPhones
By Yuvraj Malik (Reuters) -Apple’s plan to add generative AI to its iPhones and revive...
Starbucks shares hit two-year low as China, US demand clouds outlook
By Juveria Tabassum (Reuters) – Shares of Starbucks fell 15% to their lowest in nearly...
Amazon results beat estimates, revenue forecast misses
By Greg Bensinger and Yuvraj Malik (Reuters) -Amazon.com reported quarterly results above Wall Street’s expectations...