US Stock Reports, Quotes and News
Cadence Design Systems, Inc. (NASDAQ:CDNS) reported a robust first quarter in 2024, surpassing its own financial guidance with a total revenue of $1.009 billion. The company's strong performance is backed by significant design activity in key technology areas and a record backlog that positions it well for the future.
(Reuters) – Microsoft (NASDAQ:MSFT) on Tuesday announced a cost-effective, small language artificial intelligence model that can perform tasks such as content creation and create social media posts while using smaller amounts of data.
According to Counterpoint Research, Apple’s (AAPL) iPhone sales in China plummeted by 19% during the March quarter, marking the device's poorest performance in the region since the onset of Covid around 2020.
By Abigail Summerville, Granth Vanaik and Jasper Ward
Novartis (SIX:NOVN) (NVSEF) shares surged 4.7% in European trading Tuesday after the Swiss pharmaceutical company's release of impressive first-quarter results.
Strategists at Goldman Sachs have recently pointed to two potential shifts in the risk landscape: the broadening of global growth and a reduction in inflation fears.
(Reuters) – Shares of Tesla (NASDAQ:TSLA) edged higher on Tuesday ahead of the electric car maker's first-quarter results, with analysts expecting its lowest gross profit margin in more than six years.
On Tuesday, Renault reported a 1.8% increase in first-quarter revenue, driven by higher sales from its financing arm due to rising interest rates, and a 2.6% increase in car sales volumes compared to the previous year.
Investing.com– U.S. stock index futures rose in evening deals on Sunday, as Wall Street attempted a recovery after clocking two straight weeks of steep losses on a technology rout and waning expectations of interest rate cuts.