Author: Fiona Craig
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VinFast Posts Wider First-Quarter Loss as Revenue and Deliveries Miss Expectations (VFS)
VinFast Auto Ltd. (NASDAQ:VFS) reported first-quarter results on Monday that came in below Wall Street forecasts, with the electric vehicle manufacturer posting a loss of -$0.48 per share, compared with analyst expectations of a -$0.28 per-share loss. Despite the earnings miss, the company’s shares rose 0.98% in premarket trading following the release of the results.…
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Stellantis Recalls More Than One Million Jeep Vehicles Following Fire Safety Concerns
Stellantis NV (NYSE:STLA) is recalling more than one million Jeep Wrangler and Jeep Gladiator vehicles due to a potential fire risk, according to a report published by the Detroit Free Press on Monday. The recall covers an estimated 1,076,999 vehicles produced between 2021 and 2025. The issue is linked to wiring associated with the hydraulic…
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Nebius Unveils Robotics Accelerator Powered by NVIDIA AI Technologies (NBIS)
Nebius (NASDAQ:NBIS) has introduced the Physical AI Living Lab, a six-month initiative designed to give robotics startups across the UK and Europe access to NVIDIA’s (NASDAQ:NVDA) physical AI software tools alongside Nebius’s cloud-based AI computing platform. The programme is intended to help early-stage robotics companies overcome common challenges related to obtaining the large-scale simulation capabilities,…
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GDS and Vnet Rally on Reports of Major China Data Center Investment Plan
Shares of GDS Holdings (NASDAQ:GDS) and Vnet Group (NASDAQ:VNET) climbed roughly 8% on Tuesday after reports indicated that China is considering an investment programme worth around 2 trillion yuan ($295 billion) over the next five years to expand the country’s data center infrastructure. The U.S.-listed shares of the Chinese cloud and data center operators advanced…
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Oil Retreats as Markets Assess Fragile Iran-Israel Ceasefire
Oil prices moved lower on Tuesday, giving back much of the previous session’s advance after Iran and Israel announced a halt to attacks following an appeal from U.S. President Donald Trump. However, both countries indicated that military action could resume if tensions escalate again. By 0741 GMT, Brent crude futures had fallen $1.33, or 1.4%,…
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Gold Holds Near 11-Week Low as Iran-Israel Ceasefire Calms Markets Ahead of U.S. Inflation Data
Gold prices were largely unchanged during Asian trading on Tuesday, remaining close to an 11-week low as the suspension of hostilities between Iran and Israel reduced some concerns over inflationary pressures. Investors also remained cautious ahead of key U.S. inflation figures due later this week, which could offer fresh guidance on the Federal Reserve’s interest-rate…
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U.S. Futures Rise as Trump Signals Progress on Iran and AI Stocks Rebound: Dow Jones, S&P, Nasdaq, Wall Street
U.S. equity futures pointed higher on Tuesday as investors monitored developments surrounding the conflict with Iran and a recovery in artificial intelligence-related technology shares. Market sentiment was also boosted by news that OpenAI has confidentially filed for an initial public offering, while Applied Digital (NASDAQ:APLD) surged in premarket trading following a major long-term lease agreement.…
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Honeywell shares slip after earnings outlook trails market expectations (HON)
Honeywell International (NASDAQ:HON) shares fell 1.5% after the industrial and technology group released annual earnings guidance that failed to meet Wall Street forecasts, despite reaffirming its revenue and cash flow targets. Investors focused on the company’s profit outlook, which came in below consensus estimates as Honeywell continues preparations for the separation of its aerospace division…
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Eli Lilly shares climb after new obesity drug results impress at ADA conference (LLY)
Eli Lilly and Company (NYSE:LLY) shares gained 4.5% after the pharmaceutical giant unveiled additional clinical data on its obesity treatment retatrutide during the American Diabetes Association (ADA) conference over the weekend. The company presented detailed findings from two Phase 3 studies, reinforcing investor confidence in the drug’s potential and highlighting the strength of Lilly’s expanding…
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Novo Nordisk shares retreat after ADA conference updates fail to excite investors (NVO)
Novo Nordisk (NYSE:NVO) shares fell 3% on Monday as investors digested new data and commercial updates presented by the company during the American Diabetes Association (ADA) conference over the weekend. While the event featured encouraging clinical findings for Novo’s next-generation diabetes therapies, analysts said the overall readout provided little that would materially alter the company’s…