Samsung Electronics stock surged on Thursday after the company reported record results, offering relief after a brutal semiconductor sell-off. The shares rose more than 2% after the opening and surged as much as 8%, before paring their gain to about 5%. Samsung reported second-quarter revenue of 171.5 trillion won, up 28% from the previous quarter,
Asian stocks were mixed on Thursday as investors assessed the fallout from the AI sell-off, the Federal Reserve’s rate outlook and renewed tensions in the Middle East. The MSCI Asia-Pacific gauge excluding Japan was little changed after swinging between gains and losses. South Korea’s Kospi slipped 0.6% and was heading for a roughly 15% weekly
Gold edged higher on Thursday as investors reduced bets on an immediate tightening cycle after the Federal Reserve kept interest rates unchanged, though bullion’s next move now hinges on fresh US inflation data. Spot gold rose 0.3% to $4,076.29 an ounce by 0245 GMT after climbing as much as 2% on Wednesday. August US futures
Silver traded near $57.90 an ounce on Thursday as investors looked beyond the Federal Reserve’s decision to leave rates unchanged and focused instead on the unusually hawkish division behind it. The white metal surrendered some of its post-meeting momentum during Asian trading, with spot silver quoted at $57.86. The Fed’s 9-3 vote showed that pressure
PI has recovered more than 10% from its July 28 low, with technical momentum improving as ecosystem developments and an international token registration have strengthened bullish sentiment. According to data from Coingecko, PI has climbed from around $0.074 on July 28 to nearly $0.082 by July 30 after a week-long decline, as traders responded to
BMW stock was in focus on Thursday after the premium carmaker delivered a modest earnings beat but revealed how sharply China, tariffs and weaker cash generation are eroding its core business. Second-quarter pre-tax profit fell 35.1% to €1.70 billion, slightly above the €1.6 billion analyst consensus. The automotive operating margin narrowed to 2.3% from 5.4%
Uniswap price has briefly reclaimed the $4 level after project-specific updates fueled buying interest, though the token has since surrendered part of its gains. According to CoinGecko data, UNI climbed as high as $4.06 during intraday trading before easing to around $3.97, leaving the token up roughly 3.7% from its daily opening price and about
Shell stock rose Thursday after the energy major reported its strongest quarterly profit since 2022, as higher commodity prices, refining margins and trading gains outweighed disruption in Qatar. Adjusted earnings climbed to $9.84 billion from $6.92 billion in the first quarter, beating the $8.92 billion analyst consensus. Operating cash flow reached $21.4 billion, while free
International Consolidated Airlines Group (IAG) share price has hit turbulence and dropped into a technical correction after falling by 14.30% from its peak this year. It retreated as jet fuel prices rose amid the resumption of US-Iran war, with focus now shifting to the upcoming earnings. IAG share price in the spotlight as jet fuel
Meta stock fell as much as 10% after hours on Wednesday as weaker profit, falling cash flow and heavy AI spending overshadowed record revenue. The decline could erase well over $100 billion in market value if it holds when regular US trading begins on Thursday. Second-quarter revenue rose 28% to $60.8 billion, but net income