Author: Daniel snow

Xpeng shares add to 66% rally as Chinese EV maker losses narrow

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[ad_1] An Xpeng booth at the 2025 Spring International Auto Show in Qingdao, Shandong province, China, on March 7, 2025.Cfoto | Future Publishing | Getty ImagesXpeng shares jumped as much as 6% in premarket trading in New York, after the Chinese electric vehicle upstart reported first quarter earnings that were ahead of expectations.The stock had pared gains to rise 5.23% at 12:44 p.m. London time.Here’s how Xpeng did in the first quarter versus LSEG estimates:Revenue: 15.81 billion Chinese yuan ($2.18 billion), up 141.5% year-on-year and comparing with 15.1 billion yuan expected.Net loss: 660 million yuan, versus a 1.4 billion yuan loss expected…

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With Android XR, Google’s Brin gives smart glasses another go

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[ad_1] Google DeepMind Demis Hassabis and Google co-founder Sergey Brin sat for an interview at Google I/O.Jennifer EliasGoogle on Tuesday announced that it’s getting back into the smart glasses game, and co-founder Sergey Brin said that this time will be different. “I’ve learned a lot,” Brin said Tuesday at a fireside chat during the annual Google I/O developer conference. His appearance came after Google announced a partnership with Warby Parker, which saw its stock rise more than 15% after the two companies said they plan to launch a series of smart glasses as soon as next year. The glasses will be built…

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Jim Cramer’s top 10 things to watch in the stock market Wednesday

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[ad_1] My top 10 things to watch Wednesday, May 21 1. Wall Street was headed for a modestly lower open as bond yields rose, the morning after the S & P 500 snapped its six-session, nearly 5.5% winning streak. The moves follow reports about finalizing the GOP budget bill to deliver tax cuts. Some members want higher SALT (state and local taxes) deductions. Others worry that a big number could exacerbate the deficit. 2. Most of April was weak because of the turmoil in Washington and President Donald Trump ‘s “Liberation Day” tariffs, which froze a lot of CEOs. Will the…

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A ‘fundamental regime shift’ could be underway as investors rethink U.S. assets, ECB says

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[ad_1] Luis de Guindos, vice president of the European Central Bank (ECB), at a rates decision news conference in Frankfurt, Germany, on Thursday, Jan. 30, 2025.Alex Kraus/Bloomberg via Getty ImagesThe European Central Bank on Wednesday said a “fundamental regime change” could be underway in financial markets as investors appear to be reassessing how risky U.S. assets really are in the wake of trade tariffs.In its latest Financial Stability Review, the central bank discussed the recent spike in market volatility off the back of global trade tensions driven by U.S. tariff policy.Markets have been reacting sensitively to the frequent updates around…

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Burger King targets families with ‘How to Train Your Dragon’ team-up

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[ad_1] Burger King’s “How to Train Your Dragon” menu items include the Dragon Flame-Grilled Whopper, Fiery Dragon Mozzarella Fries, Soaring Strawberry Lemonade and the Viking’s Chocolate Sundae.Source: Burger KingAs Burger King enters the next phase of its turnaround efforts, the fast-food chain is trying to lure families back to its restaurants with colored Whopper buns and kid-friendly movie partnerships.Starting Tuesday, the Restaurant Brands International chain will sell new menu items inspired by the “live action” remake of “How to Train Your Dragon.” The collaboration is more than just a one-time partnership — it’s part of Burger King’s broader strategy to…

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