Author: Fiona Craig
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Tesla introduces ride-hailing service in San Francisco Bay Area
Tesla (NASDAQ:TSLA) officially rolled out its ride-hailing platform in the San Francisco Bay Area, CEO Elon Musk revealed Thursday. “You can now ride-hail a Tesla in the SF Bay Area, in addition to Austin,” Musk shared in a message on X. He did not disclose further specifics on the service or clarify if autonomous vehicles…
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Microsoft shares soar after Q4 earnings surpass expectations thanks to AI-driven cloud expansion
Shares of Microsoft (NASDAQ:MSFT) jumped sharply in premarket trading Thursday following the release of quarterly results that outperformed Wall Street forecasts, propelled by strong momentum in its flagship cloud service enhanced by artificial intelligence. The cloud division, known as Azure, saw fiscal fourth-quarter revenue rise 39% compared to the same period last year, exceeding analyst…
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Dollar Set for Monthly Gain as Powell Maintains Hawkish Tone
The U.S. dollar dipped slightly on Thursday but remained on track to notch its first monthly gain of 2025, buoyed by Federal Reserve Chair Jerome Powell’s firm tone on monetary policy during the latest Fed meeting. At 03:00 ET (08:00 GMT), the Dollar Index — which measures the greenback against six major global currencies —…
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Gold Rebounds from Recent Lows as Trade Tensions Escalate; U.S. Copper Crashes
Gold prices recovered in Thursday’s Asian session, bouncing off one-month lows as investors sought refuge from escalating trade tensions tied to looming U.S. tariffs. Growing anxiety ahead of President Donald Trump’s August 1 deadline for new trade levies reignited interest in the precious metal. However, gold’s upside was restrained by the Federal Reserve’s latest policy…
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Oil Prices Stall as China’s Economic Weakness Offsets Trump-Driven Supply Fears
Oil prices held steady in Asian trading on Thursday, erasing early gains, as concerns over weakening demand in China outweighed recent geopolitical supply risks driven by former U.S. President Donald Trump’s aggressive trade rhetoric. Crude markets initially rose for a third straight session on the back of fears that global oil supply may tighten. Trump’s…
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Dow Jones, S&P, Nasdaq, Futures, Tech Titans Lift Wall Street, Fed Holds Steady, and Trump Seals South Korea Trade Pact
Markets rallied on Thursday, driven by stellar earnings from Meta Platforms and Microsoft that helped counterbalance the Federal Reserve’s decision to leave interest rates unchanged. Meanwhile, President Donald Trump revealed a new trade agreement with South Korea, just days ahead of a key tariff deadline. Futures Jump as Mega-Cap Techs Impress Stock futures in the…
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Meta Platforms Jumps Premarket as Ad Revenue Surges and AI Bets Gain Momentum
Meta Platforms (NASDAQ:META) saw its shares soar in premarket trading on Thursday following a strong second-quarter earnings report driven by robust performance in its advertising segment and growing optimism around its artificial intelligence investments. The company posted a 22% year-over-year revenue increase to $47.5 billion for the April-to-June quarter, with net income reaching $18.3 billion—both…
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Logitech CEO says company is on track to cut China production amid U.S. tariffs
Logitech International (NASDAQ:LOGI) is making strong progress in shifting manufacturing away from China to reduce exposure to U.S. tariffs, CEO Hanneke Faber stated Wednesday. The company aims to bring the share of products destined for the U.S. that are made in China down to 10% by year-end, having already lowered it from 40% to just…
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Meta’s Zuckerberg says ‘superintelligence’ is now within reach
Mark Zuckerberg, CEO of Meta (NASDAQ:META), shared his vision for delivering “personal superintelligence” to everyone, setting Meta’s AI strategy apart from its rivals. In a statement released Wednesday, Zuckerberg revealed that Meta’s AI systems have started to show signs of self-improvement, making the arrival of superintelligence “now in sight” over the coming years. “Meta’s vision…
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Federal Signal shares jump after Q2 earnings surpass estimates
Federal Signal Corporation (NYSE:FSS) saw its shares rise 5% in premarket trading after reporting second-quarter earnings that beat analyst expectations and prompting the company to raise its full-year guidance. The provider of environmental and safety solutions posted adjusted earnings per share of $1.17 for the quarter ended June 30, topping the analyst consensus of $1.06.…