Apple briefly tops $5 trillion in market value, second after Nvidia; unveils iPhone leasing scheme
Apple briefly surpassed $5 trillion in market value, becoming only the second company after Nvidia to reach the historic milestone.
Category: Business News & Economy
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Boeing shares rise 5% despite higher than expected Q2 loss on Air Force One costs
Boeing posted a wider-than-expected Q2 loss after a $280 million Air Force One charge, but shares rose 5% as positive free cash flow and higher aircraft production signaled progress in the planemaker’s turnaround.
Dow Jones| Nasdaq | US Stock Market Today | Live: US stocks edge higher despite semiconductor rout; Fed meet in focus
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Fusion Finance forfeits unpaid rights shares after final reminder
Fusion Finance forfeited 1.63 lakh partly paid rights shares worth Rs 1.07 crore after investors failed to pay despite the final reminder. The company converted 2.29 lakh shares into fully paid-up equity shares after receiving Rs 1.50 crore in call money.
Nasdaq 100 heads for correction as AI worries rattle investors
The benchmark reached the correction threshold in just 38 trading days, versus more than 100 sessions during its previous decline.
Dow Jones| Nasdaq | US Stock Market Today | Live: US stocks turn positive as Dow surges 650 pts despite chip rout
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and…
Coforge Q1 Results: Profit soars 63% to Rs 519 crore driven by Encora acquisition, AI-led services demand
Coforge reported a remarkable 63.3 percent increase in profits for the June quarter, driven by the recent acquisition of Encora and a surge in demand for artificial intelligence solutions. Additionally, revenue soared by 49.2 percent, reaching an impressive Rs 5,527.7 crore. The company has also secured new orders amounting to USD 691 million for the…
Market Trading Guide: Bajaj Auto among 4 stock recommendations for Wednesday
Indian markets ended slightly lower after Tuesday’s consolidation, but analysts identified four stocks with strong technical setups. Bajaj Auto, 63 Moons Technologies, Ather and Eternal show bullish patterns, with defined entry levels, stop losses and upside targets for traders.
Coca-Cola shares surge 7% as earnings beat lifts outlook
Coca-Cola raised its full-year revenue and earnings forecasts after beating second-quarter estimates on strong demand for zero-sugar drinks, higher prices and FIFA World Cup-driven sales. Shares jumped nearly 7% to a 52-week high as revenue exceeded analyst expectations.
Glass-maker Corning shares plunge 20% on lower sales forecast
Corning’s stock dropped significantly after reporting slower fiber optics growth. The company forecast lower third-quarter sales, disappointing market experts. This decline erased billions in the company’s market value. Investors noted a slowdown in the vital optical communications segment. The stock’s rapid surge over the past year led to a pullback.