by Jibran Munaf | October 31, 2024 | Corporate Finance
Microsoft’s Q1 earnings report on Wednesday delivered better-than-expected results, with cloud services and AI-related advancements propelling the company’s growth. Shares rose approximately 2% in after-hours trading following the announcement, highlighting investor...
by Jibran Munaf | October 30, 2024 | Banking, Corporate Finance
Standard Chartered raised its 2024 income guidance on Wednesday after reporting third-quarter profits that exceeded expectations, fueled by strong performance in its wealth management segment. The London-based bank reported pre-tax profits of $1.81 billion, surpassing...
by Jibran Munaf | October 30, 2024 | Automotive, Corporate Finance
Volkswagen, the German automotive giant, announced a 42% decline in third-quarter operating profit on Wednesday, citing high costs and restructuring efforts as key pressures. Operating profit for the quarter dropped to €2.86 billion ($3.1 billion), while sales revenue...
by Jibran Munaf | October 26, 2024 | Corporate Finance
Elon Musk, already the world’s wealthiest individual, added a staggering $30 billion to his net worth in a single day after Tesla’s stock surged 22% on Thursday. This massive jump followed the release of Tesla’s latest earnings report, which showcased a profitable...
by Jibran Munaf | October 26, 2024 | Corporate Finance
Nvidia briefly overtook Apple as the world’s most valuable company on Friday, hitting a market value of $3.53 trillion, fueled by unprecedented demand for its AI-optimized processors. Apple, now valued at $3.52 trillion, reclaimed its title by the day’s end,...
by Jibran Munaf | October 25, 2024 | Corporate Finance
Indian food delivery leader Swiggy is set to launch an initial public offering (IPO) valued up to INR 120 billion ($1.4 billion) in early November, according to sources cited by IFR. The IPO will include primary shares worth INR 37.5 billion and 186 million secondary...
