Chinese electric car companies are engaged in a fierce price war, but they are now moving their battleground to another front: chip-powered tech features. Instead of relying on Nvidia chips as many have done in the past, companies like Nio and Xpeng are announcing their own in-house designed auto chips for production. This move comes
The White House announced that U.S. President Joe Biden and Chinese President Xi Jinping are scheduled to speak over the phone in the “coming weeks.” This news came as National Security Adviser Jake Sullivan visited Beijing to meet with Wang Yi, China’s top diplomat. Both sides also mentioned plans for their military leaders to engage
The stock market can be a volatile and unpredictable environment, with daily fluctuations and reactions to news and earnings reports. Recently, Nvidia’s shares experienced a significant decline, causing a dip in the S&P 500 index. Despite beating Wall Street estimates for profit and revenue, Nvidia faced challenges impressing investors as their results became more narrow.
Salesforce, a leading business software maker, recently reported strong fiscal second-quarter results that surpassed estimates, leading to a 4% increase in the company’s shares during extended trading. The company exceeded expectations on both earnings per share, reporting $2.56 adjusted compared to $2.36 expected, and revenue, generating $9.33 billion versus $9.23 billion predicted by LSEG consensus.
The U.S. Department of Education recently announced additional details regarding the rollout of the new Free Application for Federal Student Aid (FAFSA) for the upcoming academic year. The 2025-26 FAFSA will be implemented through a phased rollout approach, which aims to address the issues that plagued the last year’s college aid application cycle. The 2025-26
Despite mortgage rates falling for the fourth consecutive week, the response from both current homeowners and homebuyers has been lackluster. The Mortgage Bankers Association reported that total mortgage application volume only increased by 0.5% from the previous week. This indicates that the downward trend in mortgage rates has not significantly impacted the overall demand for
In the midst of an inflation-fueled sales slump in the toy industry, Lego has emerged as a standout performer. The Danish toymaker reported a 13% increase in revenue during the first six months of 2024, reaching a total of 31 billion Danish krone, equivalent to about $4.65 billion. CEO Niels Christiansen attributes this growth to
Xpeng, a Chinese electric car company, made a significant impact with the launch of its new mass-market Mona brand. The Mona M03 electric coupe, priced as low as $16,812, garnered immense popularity, with orders exceeding 10,000 in just 52 minutes after its formal unveiling in Beijing. This success is a clear indication of the company’s
As the market continues to fluctuate, it is crucial for investors to stay informed and keep an eye on potential opportunities. Stocks @ Night provides a daily newsletter that offers insights into the market after hours, offering a glimpse into the future and a recap of the day’s events. This newsletter is a valuable resource
Shares of JD.com, a Chinese online retailer, experienced a 1.2% increase in its Hong Kong-listed shares on Wednesday following the announcement of a $5 billion buyback. This rise in share price contrasted with the decline on the Hang Seng index, showcasing a positive response to the news. On the other hand, U.S. listed shares of