​​​Profit slump and financial performance ​Tesla's second-quarter profits for 2024 plummeted by 45%, with net income falling to $1.47 billion, well below analysts' expectations of $1.9 billion. The electric vehicle giant faced headwinds from slower sales, increased costs due to employee layoffs, and significant investments in artificial intelligence infrastructure. ​Despite these challenges, revenues rose 2% to $25.5 billion, narrowly exceeding...

Article written by Tony Sycamore, Market Analyst for IG Australia When will Apple report its latest earnings? Apple is scheduled to report its third quarter (Q3) earnings on Thursday, August 1, 2024. Key Financial Metrics Last quarter (Q2), Apple reported a revenue beat of $90.75 billion vs. $90.01 expected and an EPS beat of $1.53 vs. $1.50 estimated. The company...

When does Coinbase Inc report earnings? Coinbase is set to release its quarter two (Q2) 2024 financial results on 1 August 2024, after the US market closes. Coinbase’s 2Q 2024 results – what to expect Key Metrics2Q 20232Q 2024EYoY Growth % Total Revenue (US$ millions) 708 1,396 97.2% - Transaction Revenue (US$ millions) 327 846 100% - Subscription Services (US$...

EUR/USD Retail Sentiment Analysis Current Market Sentiment 48.19% of traders are net-long on EUR/USDThe ratio of short to long traders is 1.07 to 1Recent Changes: Net-long traders: 5.58% decrease since yesterday, 5.71% increase from last weekNet-short traders: 7.39% decrease since yesterday, 20.11% decrease from last weekAnalysis: The market is slightly bearish, with more traders shorting EUR/USD than going long.Typically, a...

03:48 PM EST, 03/08/2024 (MT Newswires) -- Energy stocks were mixed late Friday, with the NYSE Energy Sector Index decreasing 0.4% and the Energy Select Sector SPDR Fund (XLE) up 0.3%. The Philadelphia Oil Service Sector index was posting a 0.3% drop and the Dow Jones US Utilities index was up 0.3%. Front-month West Texas Intermediate crude oil was declining...

03:32 PM EST, 03/08/2024 (MT Newswires) -- Tech stocks were falling late Friday afternoon, with the Technology Select Sector SPDR Fund (XLK) shedding 1.3% and the SPDR S&P Semiconductor ETF (XSD) slumping 2.5%. The Philadelphia Semiconductor Index dropped 3.6%. In corporate news, BigBear.ai ( BBAI ) shares tumbled almost 32% after it reported Q4 results late Thursday that trailed analyst...

03:51 PM EST, 03/08/2024 (MT Newswires) -- Tech stocks fell late Friday afternoon with the Technology Select Sector SPDR Fund (XLK) shedding 1.3% and the SPDR S&P Semiconductor ETF (XSD) decreasing 2.8%. The Philadelphia Semiconductor Index slumped 3.6%. In corporate news, BigBear.ai ( BBAI ) shares plunged 32%, a day after the company reported Q4 results that missed estimates by...

03:45 PM EST, 03/08/2024 (MT Newswires) -- Consumer stocks were declining late Friday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) shedding 0.7% and the Consumer Discretionary Select Sector SPDR Fund (XLY) down 0.3%. In corporate news, Smith & Wesson Brands ( SWBI ) shares surged almost 30%, a day after the company reported quarterly results that topped...

SAN FRANCISCO (Reuters) -A U.S. lawmaker plans to introduce legislation in coming weeks to verify the location of artificial-intelligence chips like those made by Nvidia ( NVDA ) after they are sold. The effort to keep tabs on the chips, which drew bipartisan support from U.S. lawmakers, aims to address reports of widespread smuggling of Nvidia's ( NVDA ) chips...

In the latest quarter, 7 analysts provided ratings for N-able , showcasing a mix of bullish and bearish perspectives. The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 3 1 3 0 0...

In the last three months, 10 analysts have published ratings on Onto Innovation ( ONTO ) , offering a diverse range of perspectives from bullish to bearish. The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish...

Two years before he returned to rescue Apple Inc. ( AAPL ) , Steve Jobs argued that hiring only A players is the single biggest lever in tech. What Happened: In a newly resurfaced clip of a 1995 interview for the Computerworld Information Technology Awards, clipped by Startup Archive, the then NeXT Computer chief said, the difference between good people and great...

A fire that broke out at the waste treatment plant in Kochi on March 2, 2023, continues to spread toxic fumes even after 11 days of the incident. The Kerala government has said that 95 percent of the fire has been extinguished, but the smoke from the landfill has not entirely subsided. 

On Tuesday, the Gehlot government invited bids for both projects to build the dams within the next four years. The chief minister had announced both projects in last year’s budget.

The probe pertains to Dapoli resort, which is allegedly illegal. The former minister and Shiv Sena (Uddhav) leader, Anil Parab, allegedly wangled a permit to use land meant for agricultural use. The ED had started the investigation under the the Prevention of Money Laundering Act (PMLA) after a complaint from the Environment Ministry.

Activists have contended that words like "ecotourism facilities" and "any other purposes" are too vague and may pave the way for widespread exploitation and misuse.

Aulerth's offerings range from ₹5,000 to as high as ₹2.8 lakh. Are women willing to spend this much on jewellery made from scrap? Founder and CEO Vivek Ramabhadran definitely believes so. Aulerth produces couture-inspired pieces in association with designers like JJ Valaya, Suneet Varma, among others. It has reported 33% repeat customers in the past year and expects a spike to 40% soon.

Th Suzlon wind turbines received the RLMM (Revised List of Models & Manufacturers) listing from the Ministry of New and Renewable Energy, marking an important milestone for the successful commercialisation of the product. Shares of Suzlon Energy Ltd ended at ₹40.49, up by ₹1.85, or 4.79%, on the BSE.

Fast fashion retailer H&M is all set to sell second-hand clothes at its Regent Street flagship store in UK from October — offering items that are 'ready to be loved again.' Zara also recently launched its online second-hand service in France, having trialled it in Britain since November last year. But are these 'green initiatives' for real, or just some more greenwashing? CNBC TV18 gives a macro view.

The firm and dispatchable renewable energy (FDRE) project, designed with a hybrid of solar, wind, and battery storage, is aimed at providing a stable and dispatchable energy supply during peak hours. Shares of Tata Power Company Ltd ended at ₹270.75, up by ₹12.60, or 4.88%, on the BSE.

Kiyosaki has always been a prominent bull for Bitcoin, and his most recent statements reinforce this thesis. He’s reminiscing as to why he did not accumulate more of the coin when the price was lower. Is Bitcoin Expensive Today? This is the question with which the prominent advisor started his most recent post on the social media platform X. He...

A trader, known only by the handle “qwatio” on the social media platform X, has been under the spotlight for the on-chain analytics firm Lookonchain. Recent developments regarding the unfortunate losses include a partial liquidation of 8,000 ETH ($20.11M) and 280 BTC ($30.4M). High-Risk, High-Reward, High-Loss The journey that this trader went through on Hyperliquid has sparked debate about whether...

There have been diverging signals across crypto markets and US politics. Ethereum (ETH) deposits to Binance have continued for five consecutive days. In Bitcoin, the Short-Term Holder (STH) Net Position Realized Cap has surged from over negative $49 billion to more than $5 billion. Such a trend reflects aggressive accumulation by retail traders seeking exposure during the ongoing rally. Will...

TL;DR The expert advises monthly investments in SPY and BTC for long-term success. The leading cryptocurrency is up 6% this week and trades near $108,000. Analysts are split some see a breakout to $130K $200K if key resistance levels are cleared, while others warn of a possible drop to $100K or even $95K if momentum fades. Trading is the Wrong...