ADVFN US – Market Content Editor

Grab Holdings (NASDAQ:GRAB) announced a net profit of $20 million for the second quarter, a significant turnaround from a $68 million loss recorded in the same quarter last year, and surpassing analyst forecasts of $17.53 million. The Southeast Asian ride-hailing and delivery platform credited its profitability to a positive operating profit, bolstered by rising revenues,…

Alamos Gold Inc (NYSE:AGI) reported adjusted earnings of $0.34 per share for the second quarter, surpassing the analyst consensus of $0.32. This strong performance was driven by higher gold production and increased realized gold prices. The company recorded quarterly revenue of $438.2 million, just slightly below the consensus estimate of $438.56 million, but representing significant…

Argenx (NASDAQ:ARGX) reported global product net sales of $949 million for the second quarter, representing a 97% increase year-over-year and a 19% rise from the previous quarter. The stock surged over 11% in premarket trading on Thursday. Wolfe Research noted that this figure significantly exceeded market expectations, with some analysts referencing a “$900M threshold,” while…

Shares of Qualcomm (NASDAQ:QCOM) declined slightly in premarket trading on Thursday, as the company’s fourth-quarter outlook matched forecasts but failed to fully reassure investors about demand trends. The San Diego-based semiconductor firm, known for its modem chips that enable smartphone wireless connectivity, reported adjusted earnings of $2.77 per share, surpassing the consensus estimate of $2.71.…

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…

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…

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 —…

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…

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…

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…