Qualcomm (NASDAQ: QCOM) shares opened about 11% down on Feb. 5 after the semiconductor giant issued cautious guidance for its fiscal Q2 that overshadowed its record-breaking performance in the holiday quarter.In its earnings release, the company based out of San Diego, CA, cited the global memory shortage that’s forcing smartphone…
Precious metals are experiencing renewed selling pressure, with silver prices falling sharply on Thursday. This decline has largely erased the brief rebound the sector saw earlier this week.On COMEX, the March silver contract shed more than 13% on Thursday, while gold fell more than 2% below $4,900 per ounce. Meanwhile, oil…
For years, the primary cloud hanging over Nio Inc (NYSE: NIO) has been its inability to translate technological brilliance into sustainable profitability.Its persistent “cash burn” often scared away value-oriented investors, keeping the stock price under pressure despite rising delivery numbers.However, that major overhang just evaporated. In a historic “profit alert”…
Europe’s news agenda turns on policy signals, capital markets, regulation and geopolitics. The Bank of England held rates at 3.75% but cracked the door to cuts, jolting sterling and bond markets. Corporate focus shifts to Hong Kong as Syngenta revives IPO ambitions. Regulators tighten their grip on Big Tech with…
Amazon.com Inc (NASDAQ: AMZN) is slipping in extended hours even though the titan recorded a massive revenue beat and a standout performance from its cloud division in its fiscal Q4.The multinational posted $213.39 billion in revenue, handily above the $211.33 billion expected. But a razor-thin miss on earnings per share…
As talks between the US and Iran start in Oman, there are increasing signs that President Donald Trump is preparing an attack, possibly aimed at conducting regime change. Odds of a Trump attack on Iran are risingThe US Virtual Embassy in Iran has asked Americans to leave the country now and…
Silver prices continued to drop on Friday as the metal headed for its second weekly decline on a stronger dollar and profit-taking. The recent renewed weakness highlighted the extent of the technical damage caused by last Friday’s historic sell-off. This development calls into question whether the previously most powerful bull run in…
India’s central bank kept policy rates unchanged on Friday, citing easing growth headwinds following recent trade deals with the European Union and the United States, while maintaining a neutral stance amid a benign inflation outlook.The decision was announced after the Reserve Bank of India’s monetary policy committee (MPC) meeting, where…
Asian equities, cryptocurrencies, and precious metals came under renewed pressure on Friday as investors pulled back from risk assets, rattled by technology-sector weakness, credit concerns in Southeast Asia, and fresh signs of slowing momentum in the US economy. Markets across the region reflected a cautious tone, while volatility spilled into…
Tesla remained a visible player in China’s crowded electric vehicle market in January, even as industry momentum continued to fade. Data from the China Passenger Car Association showed that deliveries from Tesla’s Shanghai Gigafactory rose modestly from a year earlier, helping the US automaker maintain its position among the country’s…