Stocks of European carmakers hemorrhaged on Monday as Stellantis and British luxury brand Aston Martin issued profit warnings, citing broader industry challenges and difficulties in the world's largest auto market, China. Stellantis on Monday trimmed its 2024 annual guidance on the back of deteriorating "global industry dynamics" and bolstered competition...
Micron shares surge after upbeat first-quarter forecast due to AI demand for memory chips
Omar Marques | Lightrocket | Getty Images Micron Technology shares surged roughly 14% in after-hours trading after the memory maker forecast higher-than-expected first-quarter revenue due to the thirst for its memory chips used in artificial intelligence computing. Micron is one of the only three providers of high-bandwidth memory (HBM) chips...
H&M shares fall as much as 8% on profit miss and scrapped earnings margin target
The logo of Swedish clothing retailer H&M hangs over one of its stores on March 28, 2018 in Berlin, Germany. Sean Gallup | Getty Images News | Getty Images Shares of H&M tumbled as much as 8% on Thursday after the world's second-largest listed fashion retailer posted a miss...
Raspberry Pi’s strong first half sends share price up 7%
Raspberry Pi, the British computer company that floated in June, reported on Tuesday stronger-than-expected adjusted earnings of $20.9 million for the first half, sending its shares up 7% in early trade. The group, which produces low-cost single-board computers and microcontrollers, said it sold marginally fewer devices than it expected, but...