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Chinese Tesla rival shares dive 5% after it forecasts a plunge in car deliveries

Chinese Tesla rival shares dive 5% after it forecasts a plunge in car deliveries

Xpeng has been hurt by a tough macroeconomic situation in China as well as rising competition from Tesla, BYD and electric car startups.

Previous post Airbnb CEO shares the best advice he’s ever received—it’s ‘counterintuitive to almost everything everyone says’

Next post Abercrombie & Fitch surges 18% after reporting surprise profit

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EA shares drop 7% after company lowers guidance due to weakness in soccer, other games

Electronic Arts slashed its full-year guidance on Wednesday, blaming the shortfall on underperforming games, in particular, its soccer franchise.

January 22, 2025

Abbott shares climb despite a mixed quarter. What we want to see before we buy more

Shares of Abbott Laboratories rose more than 1% in Wednesday's session.

January 22, 2025

United Airlines’ first-quarter outlook outpaces estimates after profits surge to end 2024

United topped analysts' estimates for fourth-quarter earnings and the airline's first-quarter outlook.

January 21, 2025

Here’s what it will take for Apple to get out of its 2025 funk

Evercore ISI said China may be a "key wildcard" for Apple during the company's upcoming fiscal Q1 release on Jan....

January 17, 2025

TSMC net profit hits record high as fourth-quarter results top expectations on robust AI chip demand

TSMC, the world's largest contract chip manufacturer, produces advanced processors for clients such as Nvidia and Apple and has benefited...

January 16, 2025

Shares of Cartier owner Richemont jump 17% as sales rise in December quarter

Cartier owner Richemont on Thursday reported a 10% increase in third quarter sales even as China demand weighed.

January 16, 2025

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Data Update 2 for 2025: The Party Continued (for US Equities)
Data Update 2 for 2025: The Party Continued (for US Equities)
Data Update 2 for 2025: The Party Continued (for US Equities)
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CNN to lay off hundreds of employees as post-inauguration transformation begins, sources say

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