ADVFN US – Market Content Editor
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China Automotive Systems Posts Higher Q2 Profit, Lifts 2025 Forecast
China Automotive Systems, Inc. (NASDAQ:CAAS), a top supplier of power steering components in China, reported second-quarter earnings that exceeded analyst expectations, with net income rising 6.8% as the firm continues its shift toward advanced steering technologies. The company posted earnings per share of $0.25 for Q2, with revenue climbing 11.1% year-on-year to $176.2 million. Sales…
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Qudian Revenue Collapses 93.5% in Q2 Amid Exit from Delivery Business
Qudian (NYSE:QD) saw its second-quarter revenue for 2025 tumble 93.5% year-on-year, as the company phases out its last-mile delivery operations amid mounting competition. Despite the steep decline in top-line revenue, net income surged during the quarter, largely thanks to a 392.3% rise in interest and investment income. General and administrative costs climbed 39.6%, reflecting higher…
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Tencent Sees 15% Revenue Boost in Q2, Gaming Drives Growth
Tencent (NYSE:TME) reported a 15% rise in second-quarter revenue on Wednesday, fueled by strong performance in its gaming segment and expansion in AI-driven business initiatives. For the three months ending in June, the Chinese tech giant posted revenue of 184.5 billion yuan, surpassing analyst expectations of 178.5 billion yuan, according to LSEG data. Domestic gaming…
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Elbit Systems Wins $1.6 Billion European Contract, Posts Stronger Q2 Results; Shares Rise
Shares of Elbit Systems (NASDAQ:ESLT) jumped about 6% in premarket trading Wednesday after the defense technology firm reported higher revenue and profit for the second quarter and announced a significant new contract. The company revealed it had secured a $1.635 billion deal to provide a range of defense solutions to a European country, with deliveries…
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Gold Holds Ground as Fed Rate Cut Expectations Rise; Markets Await Trump-Putin Talks
Gold prices remained largely steady in Asian trading on Wednesday, supported by moderate U.S. inflation data that reinforced bets on a potential Federal Reserve rate cut. Investors are also keeping an eye on the upcoming U.S.-Russia summit later this week. Spot gold was virtually unchanged at $3,348.87 per ounce, while December gold futures held at…
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Oil prices cautious as U.S. inventory data and Trump-Putin meeting loom
Oil hovered near two-month lows in Asian trading on Wednesday as investors braced for a high-stakes meeting between U.S. President Donald Trump and Russian President Vladimir Putin scheduled for later this week. Markets also focused on U.S. crude stockpiles after industry data revealed a surprising rise in inventories in the world’s largest oil consumer. Crude…
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Dollar Slides as Investors Anticipate Fed Rate Cut in September
The U.S. dollar retreated on Wednesday, continuing its downward trend after modest inflation data fueled speculation that the Federal Reserve may lower interest rates next month. By 04:25 ET (08:25 GMT), the Dollar Index, which measures the currency against six major peers, fell 0.4% to 97.540, following a 0.5% drop in the previous session. September…
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Dow Jones, S&P, Nasdaq, Wall Street, U.S. Futures Climb, Cisco Reports Incoming, Ether Approaches Record Levels
U.S. stock futures rose Wednesday, signaling a likely continuation of Wall Street’s gains after soft inflation data pushed the S&P 500 and Nasdaq Composite to all-time closing highs. Cisco Systems (NASDAQ:CSCO) is scheduled to report earnings, with analysts watching closely for its fiscal 2026 outlook. Meanwhile, Perplexity AI has made a $34.5 billion bid to…
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CoreWeave Posts Larger-Than-Expected Q2 Loss Amid Rising Costs
Shares of CoreWeave (NASDAQ:CRWV) dropped over 10% in premarket U.S. trading on Wednesday after the cloud computing company reported second-quarter results showing revenue above expectations due to strong AI-driven demand, but losses significantly exceeded forecasts as expenses surged. For the quarter ending June 30, CoreWeave posted a loss of $0.60 per share on $1.21 billion…
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Perplexity AI Makes $34.5 Billion Bid for Google’s Chrome Amid Antitrust Scrutiny
AI startup Perplexity AI has put forward an unsolicited $34.5 billion offer to acquire Google’s Chrome browser, anticipating potential regulatory requirements arising from the search giant’s ongoing antitrust case in the U.S. The bid, submitted Tuesday morning (12), comes at a moment of uncertainty for Google, following a court ruling that identified the company’s monopoly…