US markets closed higher on Friday, with the Dow Jones Industrial Average hitting a new all-time high, closing at 44,296.51. The S&P 500 also saw its fifth straight positive session, finishing at 5,969.34. However, gains were somewhat tempered by slides in tech giants Nvidia and Alphabet. Looking at sector performance, energy stocks experienced a significant […]
Dow reaches record high; ASX set for positive start Read More »
Nvidia (NASDAQ: NVDA) posted its third-quarter results for FY2025 after market close on Wednesday, surpassing analysts’ expectations across key metrics. However, despite the strong performance, the company’s stock price has fallen since then, reflecting investor unease over its Q4 guidance and rising costs. Shares are trading 3.22% lower at US$141.95 as of the time of
Nvidia delivers record AI results, but Wall Street isn’t impressed Read More »
UPS (NYSE: UPS) agreed on Friday to pay US$45m to settle allegations by the US Securities and Exchange Commission (SEC) that it improperly valued its freight business, leading to misrepresented financial results in 2019 and 2020. The SEC claims the Atlanta-based courier failed to follow generally accepted accounting principles (GAAP), significantly overstating the value of
UPS delivers $45m surprise: Accounting package gets returned to sender Read More »
Northvolt, the Swedish battery maker once hailed as a cornerstone of Europe’s electric vehicle (EV) battery production, filed for Chapter 11 bankruptcy protection in the United States on Thursday, marking a significant setback for the continent’s green transition. The move prompted the resignation of co-founder and CEO Peter Carlsson on Friday. Carlsson will remain on
Northvolt short circuits Europe’s green ambitions Read More »
