Nikos Pekiaridis | Nurphoto | Getty Images Moderna on Thursday posted a surprise quarterly profit, in part boosted by deferred revenue, even as the company saw slumping sales from its Covid vaccine, its only marketable product. The results cap a rocky year for the biotech company and other Covid vaccine makers, […]
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Nvidia shares pop 14% in premarket trade after AI-fueled bumper earnings
Jensen Huang, president of Nvidia, holding the Grace hopper superchip CPU used for generative AI at the Supermicro keynote presentation during Computex 2023. Walid Berrazeg | Lightrocket | Getty Images Nvidia shares jumped more than 14% in premarket trade on Thursday after the chip giant posted bumper earnings that beat […]
Elon Musk’s X suspends some India accounts after order from Modi government
Police action on agitated farmers at Shambhu Border of Punjab and Haryana on Feb. 21, 2024 near Ambala, India. Hindustan Times | Hindustan Times | Getty Images Elon Musk’s social media platform X said Thursday it will block certain accounts and posts from India in response to executive orders by […]
Space nukes are raising tensions between Moscow and Washington. Here’s what you need to know
In this pool photograph distributed by Russian state agency Sputnik, Russia’s President Vladimir Putin talks to students and Chelyabinsk Region industry workers at the Stankomash plant in Chelyabinsk on February 16, 2024. Alexander Ryumin | Afp | Getty Images A fresh spat between Washington and Moscow has raised alarm about […]
Nvidia shares pop 12% in premarket trade after AI-fueled bumper earnings
Jensen Huang, president of Nvidia, holding the Grace hopper superchip CPU used for generative AI at the Supermicro keynote presentation during Computex 2023. Walid Berrazeg | Lightrocket | Getty Images Nvidia shares jumped more than 12% in premarket trade on Thursday after the chip giant posted bumper earnings that beat […]
Rolls-Royce shares jump 8% after 2023 profits more than double
An Airbus A340-313, operated by Universal Sky Carrier is landing at night in Barcelona, Spain. Nurphoto | Nurphoto | Getty Images LONDON — Rolls-Royce shares jumped more than 8% on Thursday after the British aerospace group more than doubled its annual profits in 2023 and forecast further momentum this year. […]
Japan’s Nikkei crosses 39,000 as robust earnings, investor-friendly measures drive risk-on sentiment
Pedestrians walking across with crowded traffic at Shibuya crossing square. Jaczhou | E+ | Getty Images Japan’s Nikkei 225 hit a record high Thursday, powered by banking, electronics and consumer stocks as robust earnings and investor-friendly measures fuel a blistering rally in Japanese equities this year. The Nikkei 225 jumped […]
Boeing touts 737 Max as ‘the safest airplane,’ says China’s C919 is similar to what’s on the market
Miniature models of Boeing commercial airplanes displayed at the Singapore Airshow in Singapore on February 20, 2024. Roslan Rahman | Afp | Getty Images SINGAPORE — Boeing touted its 737 Max aircraft as “the safest airplane” and said China’s latest domestic jetliner Comac C919 is similar to offerings by Airbus […]
Tesla faces hurdle in Germany as locals vote to oppose factory expansion
Employees of the Tesla Gigafactory Berlin-Brandenburg work on a production line of a Model Y electric vehicle on March 20, 2023. Patrick Pleuil | Picture Alliance | Getty Images Electric vehicle maker Tesla failed to secure a vote among locals in favor of authorizing a major factory expansion for the […]
AI and semiconductor stocks surge after Nvidia’s earnings beat
A microchip and the Nvidia logo displayed on a phone screen are seen in this photo taken in Krakow, Poland, on April 10, 2023. Nurphoto | Getty Images Artificial intelligence and semiconductor chip stocks rallied after U.S. chip design firm Nvidia beat Wall Street’s expectations for fourth-quarter earnings and revenue […]