The S&P 500 gained about 3.17 percent in the past five days to trade at around 4,514.87 as of Wednesday’s close.
Additionally, UBS has announced its decision to fully integrate Credit Suisse’s domestic banking unit into its operations.
Despite reporting stronger guidance than expected by analysts, Salesforce highlighted that market uncertainty continues to pressure its future growth prospects.
A tighter labor market and lower jobs opening shows that inflation pressure continue. Companies are adopting a cautious before the Fed’s September meeting.
At the core of the Nasdaq Composite’s resurgence was the undeniable role of bonds and economic data.
BYD faces fierce competition from both domestic rivals and Tesla in a relentless price war. The battle for market share led to price cuts from all sides, with the goal of increasing accessibility and product penetration.
With the infusion of assets and insights from Didi, Xpeng is seizing the opportunity to develop an affordable electric car under a new mass market brand, codenamed “MONA”.
Huge stock selling for the China’s Evergrande Group trigged on Monday, as trading for the stock started a month after the real estate giant filed for the US bankruptcy.
Watches of Switzerland Group has undergone rapid expansion in recent times, establishing itself as a dominant force in the global market.
Gap Inc’s new CEO Richard Dickson took over after the company reported an 8 percent drop in sales in Q2 to $3.55 billion, compared with $3.86 billion a year earlier.
The flipside to Nvidia’s triumph is the ongoing struggle of its AI competitors.
In the face of changing dynamics for China’s tech giants, Meituan has demonstrated a commitment to strategic expansion into adjacent sectors.
Tokens related to AI all rose after Nvidia’s report, and are likely to continue reaping from institutional interest in artificial intelligence.
Driven by the high demand for AI products, Nvidia reported a significant increase in revenue and expects exponential growth ahead.
Amid the market realities, the marketing department at Nike noted that the low patronage of Foot Locker could be weighing on the sneaker giant’s shares.