- Loading stock data...
Uber reports first-quarter results that beat expectations for revenue, but posts net loss
Uber reported its first-quarter results, which slightly exceeded revenue estimates but included an unexpected net loss, causing shares to drop 5% in early trading. Despite posting revenue of $10.13 billion, a 15% increase from the previous year, the company fell short of analysts’ expectations for gross bookings, reporting $37.65 billion instead of the anticipated $37.93… Continue reading Uber reports first-quarter results that beat expectations for revenue, but posts net loss
Latest
Energy | May 8, 2024
Siemens Energy shares jump 13% after guidance raise and leadership change at embattled wind turbine unit
Siemens Energy witnessed a significant surge in its shares by up to 13% following the announcement of an improved forecast for the year and a leadership change in its troubled wind turbine unit. Jochen Eickholt, the CEO of Siemens Gamesa, will step down from his position on July 31 and be succeeded by Vinod Philip.… Continue reading Siemens Energy shares jump 13% after guidance raise and leadership change at embattled wind turbine unit
Energy | May 8, 2024
U.S. crude oil recovers losses after surprise stockpile decline
Crude oil futures experienced a rebound on Wednesday, reversing earlier losses as U.S. crude inventories registered a decline. The support for oil prices stemmed from a surprising 1.4 million-barrel reduction in U.S. commercial crude stockpiles during the first week of May, contrary to industry expectations of a 509,000-barrel build. Despite recent pressures on prices due… Continue reading U.S. crude oil recovers losses after surprise stockpile decline
Biotech | May 8, 2024
Healthy Returns: Eli Lilly, Novo Nordisk make progress toward boosting weight loss drug supply
The article discusses the challenges and advancements in the availability of weight loss and diabetes medications by pharmaceutical giants Eli Lilly and Novo Nordisk. Eli Lilly’s decision to boost production of its weight loss drug Zepbound and diabetes treatment Mounjaro led to an increase in its full-year revenue outlook by $2 billion, garnering positive reactions… Continue reading Healthy Returns: Eli Lilly, Novo Nordisk make progress toward boosting weight loss drug supply
Biotech | May 8, 2024
AstraZeneca to withdraw Covid vaccine worldwide, citing a drop in demand
AstraZeneca announced its decision to withdraw its Covid-19 vaccine, Vaxzevria, citing a decline in demand as new vaccines targeting specific Covid variants have emerged. Developed in collaboration with the University of Oxford, Vaxzevria was among the first Covid-19 vaccines available globally, with the U.K. initiating its rollout in January 2021. However, the emergence of multiple… Continue reading AstraZeneca to withdraw Covid vaccine worldwide, citing a drop in demand
US Markets | May 8, 2024
Biden to tout new $3.3 billion Microsoft data center at failed Foxconn site Trump backed
President Joe Biden is set to visit Wisconsin, a pivotal battleground state, to announce Microsoft Corp’s plan to construct a $3.3 billion high-tech data center in Racine County. This significant investment follows Foxconn’s scaled-back plans on the same land, where a $10 billion factory was once envisioned. The Microsoft facility is projected to generate 2,300… Continue reading Biden to tout new $3.3 billion Microsoft data center at failed Foxconn site Trump backed
US Markets | May 8, 2024
Shopify shares plunge 19% on weak guidance
In early trading on Wednesday, Shopify experienced a significant drop of 19%, amounting to nearly $20 billion being wiped off its market value, following the company’s provision of revenue and profit guidance for the current quarter that unsettled investors. While the first-quarter results surpassed consensus expectations, with earnings per share at 20 cents adjusted compared… Continue reading Shopify shares plunge 19% on weak guidance
Biotech
-
Biotech | May 8, 2024
Healthy Returns: Eli Lilly, Novo Nordisk make progress toward boosting weight loss drug supply
The article discusses the challenges and advancements in the availability of weight loss and diabetes medications by pharmaceutical giants Eli Lilly and Novo Nordisk. Eli Lilly’s decision to boost production of its weight loss drug Zepbound and diabetes treatment Mounjaro led to an increase in its full-year revenue outlook by $2 billion, garnering positive reactions… Continue reading Healthy Returns: Eli Lilly, Novo Nordisk make progress toward boosting weight loss drug supply
-
Biotech | May 8, 2024
AstraZeneca to withdraw Covid vaccine worldwide, citing a drop in demand
AstraZeneca announced its decision to withdraw its Covid-19 vaccine, Vaxzevria, citing a decline in demand as new vaccines targeting specific Covid variants have emerged. Developed in collaboration with the University of Oxford, Vaxzevria was among the first Covid-19 vaccines available globally, with the U.K. initiating its rollout in January 2021. However, the emergence of multiple… Continue reading AstraZeneca to withdraw Covid vaccine worldwide, citing a drop in demand
Energy
-
Energy | May 8, 2024
Siemens Energy shares jump 13% after guidance raise and leadership change at embattled wind turbine unit
Siemens Energy witnessed a significant surge in its shares by up to 13% following the announcement of an improved forecast for the year and a leadership change in its troubled wind turbine unit. Jochen Eickholt, the CEO of Siemens Gamesa, will step down from his position on July 31 and be succeeded by Vinod Philip.… Continue reading Siemens Energy shares jump 13% after guidance raise and leadership change at embattled wind turbine unit
-
Energy | May 8, 2024
U.S. crude oil recovers losses after surprise stockpile decline
Crude oil futures experienced a rebound on Wednesday, reversing earlier losses as U.S. crude inventories registered a decline. The support for oil prices stemmed from a surprising 1.4 million-barrel reduction in U.S. commercial crude stockpiles during the first week of May, contrary to industry expectations of a 509,000-barrel build. Despite recent pressures on prices due… Continue reading U.S. crude oil recovers losses after surprise stockpile decline
Mining
-
Mining | May 7, 2024
CALIBRE TO PROVIDE AN UPDATE ON THE VALENTINE GOLD MINE AND HOST ITS FIRST QUARTER 2024 FINANCIAL RESULTS CONFERENCE CALL ON WEDNESDAY, MAY 15, 2024
Calibre Mining Corp. will provide an update on its 100-per-cent-owned, fully financed Valentine gold mine located in Newfoundland and Labrador, Canada, on Wednesday, May 15, 2024. Valentine remains on track to reach production during H1, 2025. In addition, the Company will release its first quarter 2024 financial results on Tuesday, May 14, 2024 after the… Continue reading CALIBRE TO PROVIDE AN UPDATE ON THE VALENTINE GOLD MINE AND HOST ITS FIRST QUARTER 2024 FINANCIAL RESULTS CONFERENCE CALL ON WEDNESDAY, MAY 15, 2024
-
Mining | May 7, 2024
LIFT REPORTS GRAB SAMPLES UP TO 3% LI2O WITHIN 1 KM BY 1.5 KM AREA AT THE CALI LITHIUM PROJECT, NWT, CANADA
Li-FT Power Ltd. has provided an update on surface work completed during the summer of 2023 at the Cali lithium project, Northwest Territories. During the summer surface program in 2023, Li-FT completed a soil geochemistry survey covering the Cali property, as well as a mapping and prospecting campaign. Rock sampling and mapping indicate that the… Continue reading LIFT REPORTS GRAB SAMPLES UP TO 3% LI2O WITHIN 1 KM BY 1.5 KM AREA AT THE CALI LITHIUM PROJECT, NWT, CANADA
Technology
-
Technology | May 8, 2024
Uber reports first-quarter results that beat expectations for revenue, but posts net loss
Uber reported its first-quarter results, which slightly exceeded revenue estimates but included an unexpected net loss, causing shares to drop 5% in early trading. Despite posting revenue of $10.13 billion, a 15% increase from the previous year, the company fell short of analysts’ expectations for gross bookings, reporting $37.65 billion instead of the anticipated $37.93… Continue reading Uber reports first-quarter results that beat expectations for revenue, but posts net loss
-
Technology | May 8, 2024
Liberty Defense Announces Award of HEXWAVE to Latin America
WILMINGTON, Mass., May 8, 2024 /CNW/ – Liberty Defense Holdings Ltd. (“Liberty” or the “Company“) (TSXV: SCAN) (OTCQB: LDDFF) (FRANKFURT: LD2A), a leading technology provider of Artificial Intelligence (AI) based next generation detection solutions to protect secure locations against prohibited weapons and other threats, is pleased to announce that its HEXWAVE™ system has been purchased by a Juvenile Correctional Facility in Santiago,… Continue reading Liberty Defense Announces Award of HEXWAVE to Latin America
US Markets
-
US Markets | May 8, 2024
Biden to tout new $3.3 billion Microsoft data center at failed Foxconn site Trump backed
President Joe Biden is set to visit Wisconsin, a pivotal battleground state, to announce Microsoft Corp’s plan to construct a $3.3 billion high-tech data center in Racine County. This significant investment follows Foxconn’s scaled-back plans on the same land, where a $10 billion factory was once envisioned. The Microsoft facility is projected to generate 2,300… Continue reading Biden to tout new $3.3 billion Microsoft data center at failed Foxconn site Trump backed
-
US Markets | May 8, 2024
Shopify shares plunge 19% on weak guidance
In early trading on Wednesday, Shopify experienced a significant drop of 19%, amounting to nearly $20 billion being wiped off its market value, following the company’s provision of revenue and profit guidance for the current quarter that unsettled investors. While the first-quarter results surpassed consensus expectations, with earnings per share at 20 cents adjusted compared… Continue reading Shopify shares plunge 19% on weak guidance
Follow @_InvestorsEdge_