Hyundai, Kia Stocks Falls After Korean Automakers Lose Tariff Advantage
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
24 minutes ago
- Yahoo
How major US stock indexes fared Monday, 8/4/2025
U.S. stocks rallied to recover most of their sharp loss from Friday's wipeout. The S&P 500 rose 1.5% Monday, following its worst day since May. The Dow Jones Industrial Average jumped 1.3%, and the Nasdaq composite climbed 2%. Gains for Tyson Foods and other companies following better-than-expected profit reports helped offset a drop for Berkshire Hathaway. This upcoming week may have fewer fireworks on Wall Street than last week, which was punctuated by a disappointingly weak report on the U.S. job market. That raised worries that President Donald Trump's tariffs may be punishing the economy. On Monday: The S&P 500 rose 91.93 points, or 1.5%, to 6,329.94. The Dow Jones Industrial Average rose 585.06 points, or 1.3%, to 44,173.64. The Nasdaq composite rose 403.45 points, or 2%, to 21,053.58. The Russell 2000 index of smaller companies rose 45.52 points, or 2.1%, to 2,212.30. For the year: The S&P 500 is up 448.31 points, or 7.6%. The Dow is up 1,629.42 points, or 3.8%. The Nasdaq is up 1,742.79 points, or 9%. The Russell 2000 is down 17.85 points, or 0.8%. Effettua l'accesso per consultare il tuo portafoglio
Yahoo
24 minutes ago
- Yahoo
Palantir stock surges after company reports first billion-dollar quarter
Palantir (PLTR) stock surged in after-hours trading on Monday after the company reported second quarter results that beat analyst estimates across the board as its revenue topped $1 billion in a quarter for the first time. "The growth rate of our business has accelerated radically," Palantir CEO Alex Karp said. "Yet we see no reason to pause, to relent, here." Shares in the defense technology giant were up more than 4% in after-hours trade on Monday. In its second quarter, Palantir posted earnings per share of $0.16, beating consensus estimates of $0.14 and up 77% from the same quarter last year. Revenue came in at $1.004 billion, Palantir's first quarter surpassing the billion-dollar mark on a quarterly basis. The company's top line also beat analyst forecasts for $939.25 billion and was up 48% year-over-year. US commercial revenue came in at $306 million, growing 93% year-over-year, while US government revenue for the quarter was $426 million, up 53% from the same quarter last year. Analysts had estimated that sales for the two sectors would come in at $273 million and $391 million, respectively. In May, shares of Palantir fell 12% the day after its first quarter results as investors scrutinized the company's valuation and declining sales in its international commercial business, which sells software to businesses abroad, even as its first quarter revenue blew past Wall Street's forecasts. On Monday, Palantir raised its 2025 full-year revenue guidance to $4.14-$4.15 billion, above Wall Street's estimate of $3.91 billion. The company also noted in its report that it closed $2.27 billion of total contract value in the quarter, up 140% from the same quarter last year. Karp attributed much of the company's success to Palantir's integration of AI technology into its offerings. "It has been a steep and upward climb—an ascent that is a reflection of the remarkable confluence of the arrival of language models, the chips necessary to power them, and our software infrastructure," Karp said in a letter to shareholders, "one that allows organizations to tether the power of artificial intelligence to objects and relationships in the real world." "For a startup, even one only a thousandth of our size, this growth rate would be striking, the talk of the town," Karp said. "For a business of our scale, however, it is, we continue to believe, nearly without precedent or comparison." "This was a phenomenal quarter ... We are guiding to the highest sequential quarterly revenue growth in our company's history," Karp said. In another boon to the company's US government business, Palantir announced last week that it signed a deal rolling up contracts with the US Army for a value of up to $10 billion over the next decade. Wedbush analyst Dan Ives, a noted Palantir bull, said the deal is 'one of the largest ever DOD [Department of Defense] software contracts in US history.' 'We believe this deal represents an additional tailwind for PLTR with AI initiatives across the US government accelerating with AI a strategic focus on the federal front and Palantir in the sweet spot to benefit from a tidal wave of federal spending on AI,' Ives wrote in a note to investors Friday. Palantir stock is up more than 110% this year against the S&P 500's 7.4% gain. Some on Wall Street have concerns about Palantir's valuation, and shares currently trade at levels 24 times the historical market multiple of the S&P 500 (^GSPC). 'We cannot rationalize why Palantir is the most expensive name in our software coverage,' RBC Capital Markets analyst Rishi Jaluria wrote in a note to clients before Palantir published its Q2 earnings. 'Absent a substantial beat-and-raise quarter elevating the NT [near term] growth trajectory, valuation seems unsustainable.' Jake Conley is a breaking news reporter covering US equities for Yahoo Finance. Follow him on X at @byjakeconley or email him at 擷取數據時發生錯誤 登入存取你的投資組合 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤
Yahoo
33 minutes ago
- Yahoo
BP hails Brazil block as its largest global oil and gas find in 25 years
By Shadia Nasralla and Yadarisa Shabong (Reuters) -BP has made its largest global oil and gas discovery in 25 years in Brazil's Santos basin, it said on Monday, in what may be a major boost for the British company's strategic shift away from renewable energy to refocus on fossil fuels. BP is seeking to bolster oil and gas in its portfolio to regain investor confidence and revive underperforming shares. It said it planned to create a major new output hub at the Bumerangue discovery in Brazil, which a BP spokesperson said was probably the company's biggest since Shah Deniz in 1999, a gas and condensate field in the Azeri part of the Caspian Sea. Shah Deniz, with around 1 trillion cubic metres of gas and 2 billion barrels of condensate initially in place, produced 28 billion standard cubic metres of gas last year, according to BP. The company gave no reserve estimate for the Brazilian block. "Brazil is an important country for BP, and our ambition is to explore the potential of establishing a material and advantaged production hub in the country," said Gordon Birrell, BP's production and operations chief. BP shares gained 1.3% by 1107 GMT, outperforming a broader index of European energy companies which was up 0.1%. "This find may well see BP's upstream portfolio longevity extending well into the 2030s/40s, and it is this that has been the biggest issue and concern," Bernstein analyst Irene Himona said in a note. "Although we cannot extrapolate as it is too early, and each well and each reservoir is different, we believe the data ... provides support that the potential scale for this 100% BP discovery could be a game changer." The Bumerange block is "promising and strategically located" in Santos basin, wrote Jean Paul Prates, former CEO of state-run oil firm Petrobras on social media, while warning that fields with high carbon dioxide (CO2) content in its associated gas can be "uneconomic." Associated gas is a byproduct of oil production, found mixed with oil in reservoirs or as a cap above the oil. "BP has yet to disclose the CO2 level in Bumerangue," wrote Prates, adding this will "ultimately determine Bumerangue's viability." BP said in its Monday announcement that results from the rig-site analysis indicate elevated levels of CO2. It did not immediately reply to the questions about economic viability of the field raised by Prates. BP, which forecast its oil and gas production at 2.3 million to 2.5 million barrels of oil equivalent per day by 2030, said this was its tenth discovery this year, following findings in Trinidad, Egypt, Brazil and others. The company produced 2.4 million barrels of oil equivalent in 2024 and expects lower production this year. BP had secured the Bumerangue block in the Santos basin far off the Brazilian coast in a "pre-salt" formation beneath the ocean floor in December 2022 with what it said were "very good commercial terms." Fellow London-listed rival Shell this year made a final investment decision for another project in the Santos Basin. BP is set to report its second-quarter results on Tuesday. Sign in to access your portfolio
