Investors are taking a cautious stance on Palo Alto Networks Inc (NASDAQ: PANW) this morning, even though the cybersecurity firm reported better-than-expected results for its fiscal Q3.According to Nikesh Arora, the third quarter was “phenomenal” for PANW given the challenging macroeconomic environment.In his interview with Jim Cramer, the company’s top…
The Hong Kong government passed the stablecoin bill, which marks the beginning of licensing for stablecoin issuers. The legislative council on Wednesday passed the bill on its third reading, which directs the token issuers to get licensing from the Hong Kong Monetary Authority (HKMA).Stablecoin is a digital asset that is pegged…
“I don’t follow BYD” – that’s what Elon Musk said in a recent interview with CNBC.The billionaire chief executive of Tesla Inc (NASDAQ: TSLA) also went on to state that he doesn’t think about competitors at all. His entire focus is solely on making the TSLA product as perfect as…
Warby Parker stock price surged by over 15% on Tuesday after unveiling a major $150 million partnership with Google. It jumped to a high of $22, its highest swing since March 6, up by 61% from the lowest point this year. So, will this partnership fuel WRBY’s stock surge in…
India is on the brink of a coffee revolution—one that’s brewing not only in the growing number of artisanal cafés and international coffee chains sprouting across the country, but also in homes, as more consumers embrace the idea of brewing coffee themselves to bring the addictive aroma indoors.According to Redseer…
Shares of Chinese electric vehicle giant BYD surged to a record high in Hong Kong on renewed investor optimism, widening the premium over its Shenzhen-listed shares to an all-time high.The stock jumped as much as 4.4% in Hong Kong, pushing its price to over 5% higher than its mainland counterpart,…
European markets slipped on Wednesday as geopolitical tensions resurfaced and fresh inflation data from the UK cast doubt on the prospect of interest rate cuts.Germany’s DAX declined 0.2%, France’s CAC 40 fell 0.3%, and the UK’s FTSE 100 lost 0.17% in early trade.Sentiment was hit after US President Donald Trump’s…
Lucid Group stock price has bounced back and surged to its highest point since February 25. LCID soared by almost 50% from its lowest level this year, mirroring the performance of other companies like Tesla and Rivian Automotive. This article explores the recent earnings and whether this is a good…
Marks & Spencer Group Plc has warned that a cyberattack which disrupted its systems for more than three weeks will lead to a £300 million hit to its operating profit this fiscal year. The British retailer, which had recently been delivering on a high-profile turnaround, said it is attempting to…
Luminar stock price has crashed amid lingering concerns about its growth and management challenges. LAZR was trading at $4.17 on Tuesday after falling by 8% from the day before. It has become a fallen angel as its stock plunged by almost 100% from its all-time high, bringing its market cap…