In recent years, a select group of seven tech giants—Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla—has dominated Wall Street’s attention and amassed nearly one-third of the S&P 500's total value. Dubbed “The Magnificent Seven” by a Bank of America analyst in homage to the 1960...

As Volkswagen grapples with a challenging third quarter, unions are threatening strikes in Germany over planned plant closures and potential job cuts, adding further strain to an already difficult situation. With profits at a three-year low, Europe’s largest automaker is contending not only with...

Google’s recent growth in cloud computing highlights its evolving AI strategy as it gains traction among global enterprises, narrowing the gap between itself and cloud leaders Amazon Web Services (AWS) and Microsoft Azure. Alphabet’s Google Cloud reported a substantial 35% increase in revenue for...

In the wake of a recent E. coli outbreak linked to its U.S. locations, McDonald's is facing both health-related concerns and wider economic pressures that have impacted its performance in key international markets. Although company executives have addressed the outbreak and assured customers of the...

As Alphabet prepares to announce its third-quarter earnings, the tech giant is expected to report its slowest revenue growth in a year. Analysts anticipate that this downturn will primarily stem from increased competition affecting its core Google Search business and declining advertising revenues...

As McDonald's prepares to report its third-quarter earnings, investors are particularly concerned about the recent E. coli outbreak linked to its popular Quarter Pounder hamburgers. This outbreak, which has resulted in at least one death and 75 reported infections according to the U.S. Food and...

Nvidia, the world leader in artificial intelligence (AI) processors, is expanding its foothold in India, aiming to power the country’s growing AI industry. In a strategic move, Nvidia will supply its cutting-edge AI processors to Indian giants like Reliance Industries, led by Mukesh Ambani, as well...

Coca-Cola is actively reshaping its strategy to navigate the evolving landscape of consumer preferences and economic challenges. With the goal of achieving the upper end of its organic sales forecast for 2024, the beverage giant is focusing on innovation and targeted marketing to sustain growth...

Swiss trader Vitol has engaged in a long-term exchange deal with China Gas Hongda Energy Trading Co., LTD. according to the trader. Vitol will purchase 0.5 million tons of LNG from China Gas in the US on a FOB basis and then sell the same amount on a DES basis beginning in 2029, as outlined in the...