Volkswagen’s first-half operating profit fell to €5.93bn as China demand plunged and US production shutdowns weighed on earnings. Volkswagen Group posted a first-half operating profit of €5.93bn, down 11.6% year-on-year, as weaker demand in China and costs tied to ending U
Brent crude retreats from triple digits after U.S. pauses Iran strikes, easing inflation concerns before key central bank decisions. Oil prices fell below $100 per barrel as tensions with Iran eased, with the U.S. pausing strikes after 13 days of attacks. Iran signaled a r
Shein’s $40-50 billion Hong Kong IPO valuation may be challenged by a 39% net income decline and Q1 loss of $99 million. Shein’s prospectus revealed an 8% revenue increase to $41.8 billion in 2025, but net income fell 39% to $2.06 billion. The fast-fashion retailer reporte
Alphabet’s $112.1 billion net income for Q2 was boosted by unrealized investment gains, distorting its P/E ratio and valuation metrics. Alphabet’s net income of $112.1 billion in the second quarter outpaced its $119.8 billion in revenue, but the figure was inflated by unre
Perfect’s Q2 GAAP EPS of $0.01 and revenue of $16.3 million fell short of expectations by $0.01 and $1.83 million, respectively. Perfect posted Q2 GAAP earnings per share of $0.01, missing estimates by the same margin. Revenue totaled $16.3 million, unchanged year-over-yea
The five-year deal targets next-generation AI infrastructure with joint memory, foundry, and advanced packaging projects. Samsung Electronics and Broadcom signed a memorandum of understanding to expand collaboration on AI semiconductor technologies, with planned investment
Equity markets rebounded and energy prices fell on easing Middle East tensions, with key support levels holding across assets. Nasdaq cash indices rebounded on July 27 after holding critical support at 27,900-28,000, with traders eyeing a potential move toward 29,000. The
Lockheed Martin reports strong Q2 2026 results and secures $67.7 million in new Pentagon contracts, driving a 10% stock surge. Lockheed Martin Corp. (NYSE:LMT) shares jumped over 10% on July 23 after reporting robust Q2 2026 earnings and winning $67.7 million in new Pentag
Elon Musk signals long-term investment focus over short-term earnings, contributing to a 49% decline in SpaceX stock since its IPO. SpaceX (NASDAQ:SPCX) shares have fallen 49% from their post-IPO high, trading near $114 after debuting at $135. The decline follows CEO Elon
Legend Biotech shares may face volatility as the company seeks a permanent replacement for outgoing CEO Ying Huang. Legend Biotech (LEGN) announced the immediate departure of CEO Ying Huang, who has also stepped down from the board of directors as of July 24, 2026. The com
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