PepsiCo stock (NASDAQ: PEP) soared in the pre-market trading on Thursday after the company managed to beat Q3 earnings expectations on both revenue and adjusted earnings per share. The global food and beverage giant posted net revenue of $23.94 billion, up around 2.6% from last year, just a bit above what analysts were expecting. Adjusted
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3.6KUS stocks edged higher on Thursday, with the S&P 500 and Nasdaq Composite touching new record highs as Wall Street’s upward momentum continued despite the ongoing government shutdown. The S&P 500 rose 0.1%, while the tech-heavy Nasdaq hovered near the flatline. The Dow Jones Industrial Average added 24 points, or 0.1%. Costco shares advanced more
4.5KTesla stock fell early Thursday after the US National Highway Traffic Safety Administration (NHTSA) opened an investigation into the company’s Full Self-Driving (FSD) driver-assistance technology, potentially affecting millions of vehicles. The stock was down 1.78% at $430.98 in early trading, while broader US equity indices were largely unchanged. The latest probe comes as Tesla continues
1.4KShares of AZZ Inc. fell on Thursday after the company reported lower-than-expected fiscal second-quarter results, with sales pressured by weak demand across several of its key end markets. The stock declined 12.1% to intraday low of $92.98, through the stock has regained some of the losses, trading at $101.30 at the time of writing. The
4KThe S&P 500, Dow Jones, and Nasdaq 100 indices and their exchange-traded funds (ETF) future continued their strong downward trend on Friday. Futures tied to the three indices fell by 60, 275, and 265 points, respectively. This crash is a continuation of what happened on Thursday when they plunged by 0.63%, 0.65%, and 0.50%. Here
4.7KThe Trump administration is seeking to cool tensions between the U.S. and China, after Beijing unveiled plans to impose export controls on rare-earth magnets and after the U.S. threatened more stringent tariffs on Chinese goods in retaliation. Rare-earth elements are used in products such as electric cars, household appliances, lithium batteries and camera lenses —
1.2KMan Group (EMG.L) shares rose 2.6% on Friday to their highest level since early April, after the hedge fund reported a 22% increase in assets under management (AUM) to a record $213.9 billion for the year ended September 30. The outcome exceeded market expectations, as Jefferies analysts had predicted a more moderate gain to $201.7
4.3KLaos is preparing to disconnect cryptocurrency miners from its national grid by the first quarter of 2026, as per a Reuters report. The government says the move will help redirect valuable electricity to sectors that contribute more directly to long-term economic growth, such as artificial intelligence data centres, metals refining, and electric vehicle manufacturing. The
3.5KCristiano Ronaldo has added another landmark to a glittering football career, becoming the first player to reach billionaire status, according to the Bloomberg Billionaires Index. The 40-year-old Portuguese forward’s wealth now stands at $1.4 billion, propelled by a combination of lucrative contracts, endorsements, and investments. Al-Nassr deal drives earnings Ronaldo’s recent contract extension with Saudi
1.9KElon Musk’s artificial intelligence company xAI is scaling up its ambitions with a massive $20 billion funding round, backed by Nvidia, Apollo Global Management, and Valor Capital, Bloomberg reported. The financing marks one of the largest in the AI industry this year, combining equity and debt to accelerate xAI’s Colossus 2 data centre project in
