Sugar prices have risen to new highs, but consumers’ consumption should not prevent them from curbing their Halloween spending. From an investment point of view, it’s advantageous to be exposed to rising sugar prices amid inflationary pressures. On October 26’s Asian afternoon session, US sugar futures for March delivery rose by 0.47% to $27.66 per …
On Wednesday, Google-parent Alphabet (GOOGL) shares hit a one-year low after poor cloud earnings, wiping $165.00 million in market cap. Alphabet shares shed -9.51% to $125.61 apiece, marking their worst day since the Covid pandemic began in March 2020. Furthermore, analysts anticipate a further -2.32% decline to $122.70 per share in the upcoming session. The …
Alphabet Stock Crash Amid Disappointing Cloud Earnings Read More »
On Tuesday, Amazon (AMZN) demonstrated the Sequoia Warehouse Robotic System in its Houston fulfillment center. The world’s largest online retailer stressed that artificial intelligence (AI) and robotics are critical to faster and safer warehouses. With the introduction of Sequoia and Digit on October 18, Amazon now has 14 mainline warehouse robots. Sequoia functions as a …
Amazon Unveils New Sequoia Warehouse Robotic System Read More »
On Tuesday, Spotify (SPOT) released its fiscal Q3 earnings report, posting unexpected profits amid cost-cutting and price hike initiatives. Spotify shares soared by 10.36% to $170.63 apiece on October 24. However, analysts anticipate a slight -0.66% slide to $169.51 per share when the new session opens. The Swedish music-streaming giant surprised stakeholders with a third-quarter …
Spotify Stock Surges After Q3 Earnings Defy Expectations Read More »
China controls graphite exports, and miners hold new projects to secure supplies for the next generation of electric vehicle (EV) batteries. The Commerce Ministry of China said it will require permits for some graphite products to safeguard national security. Moreover, Beijing’s move reflects the protection of stockpiles of critical minerals and secures its manufacturing dominance. …
Miners Race to Bring Graphite Project as China Curbs Exports Read More »
On Friday, SolarEdge Technologies (SEDG) shed more than $1.00 billion off its market cap, devastating the global solar energy industry. SEDG stock price plummeted by -27.27% to $82.90 per share on October 20. However, analysts expect it to recover up to 3.00% to $85.39 apiece by the end of the next session. SolarEdge stocks retreated …
SolarEdge Plunges, Pulls Down Entire Solar Energy Sector Read More »
AT&T fared better in the third-quarter, with revenue growth and earnings per share (EPS) exceeding expectations. The US telecom giant’s adjusted EPS for the third quarter stood at $0.64, marking a 5.9% year-over-year (YoY) decline but beating the $0.63 expected. Revenue for the quarter reached $30.35 billion, also exceeding estimates of $30.04 billion. AT&T’s shares …
On Thursday, Chinese electric vehicle (EV) manufacturers’ shares declined following Tesla’s overnight plunge amid its disappointing third-quarter earnings. In Hong Kong, Xpeng shares significantly fell by 10.27% to HK$13.80. Li Auto dropped 1.95% to HK$32.75, NIO decreased 8.44% to HK$61.30, and BYD dipped 3.65% to HK$248.00. Tesla’s largest battery supplier, Contemporary Amperex Technology Co. Ltd. …
Chinese EV Makers Drop, Mirroring Tesla After Earnings Miss Read More »
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