General Motors is taking a significant step in its commercial electric vehicle strategy by integrating BrightDrop vans under the Chevrolet brand. This strategic move aims to enhance sales, accessibility, and recognition of these all-electric commercial vehicles. By transitioning BrightDrop vans into the Chevrolet lineup, GM plans to leverage the strength and reputation of the Chevrolet
Chinese electric car companies are stepping up their game by developing their own in-house auto chips, signaling a shift towards greater technological independence. Companies like Nio and Xpeng have announced the readiness of their custom-designed chips for production, moving away from the reliance on Nvidia chips that has been prevalent in the industry. The move
Salesforce, a business software maker, recently announced its robust fiscal second-quarter results, which exceeded estimates and led to a 4% increase in its shares during extended trading. The company reported earnings per share of $2.56, higher than the expected $2.36, and revenue of $9.33 billion, surpassing the estimated $9.23 billion. This 8% year-over-year revenue growth
The announcement of the upcoming phone call between U.S. President Joe Biden and Chinese President Xi Jinping comes as a significant development in the diplomatic relations between the two superpowers. This communication will play a crucial role in addressing various pressing issues that have been looming over their relationship. Previous Interactions It is important to
Nvidia shares faced a decline of about 7% after hours following the company’s quarterly report. It has become increasingly difficult for Nvidia to impress Wall Street as its beats have become narrower over time. Despite the company’s profits and revenue topping Wall Street estimates, the stock continued to sell off in extended trading. Nvidia finds
The U.S. Department of Education recently revealed some additional details regarding the launch of the new Free Application for Federal Student Aid for the upcoming academic year. The 2025-26 FAFSA will be gradually available to select groups of students starting on October 1, in a series of beta tests. The full rollout for all students
Recent data shows that mortgage rates have been on a decline for the past four weeks, yet the response from both current homeowners and homebuyers has been lukewarm. While there was a slight uptick of 0.5% in total mortgage application volume last week, the enthusiasm seems to be lacking. The average contract interest rate for
The toy industry faced a significant setback in the first half of 2024 due to inflation, leading to a sales slump. However, amidst this challenging environment, Lego managed to stand out by recording a 13% increase in revenue, amounting to 31 billion Danish krone or approximately $4.65 billion. The CEO of Lego, Niels Christiansen, attributed
Shares of Chinese online retailer JD.com experienced a 1.2% increase in Hong Kong-listed shares following the announcement of a $5 billion buyback. This positive trend contrasted with the decline on the Hang Seng index, where the benchmark was down about 0.82% on the same day. Meanwhile, the company’s U.S. listed shares rose by 2.24% after
Upon reviewing the information provided in the Stocks @ Night newsletter, it is evident that Nvidia has seen significant growth in the past year. The stock has surged 159% in 2024 and is up about 179% in the last year. This rapid increase in value is remarkable and raises questions about whether this growth is