​​​Profit slump and financial performance ​Tesla's second-quarter profits for 2024 plummeted by 45%, with net income falling to $1.47 billion, well below analysts' expectations of $1.9 billion. The electric vehicle giant faced headwinds from slower sales, increased costs due to employee layoffs, and significant investments in artificial intelligence infrastructure. ​Despite these challenges, revenues rose 2% to $25.5 billion, narrowly exceeding...

When will Meta report its latest earnings? Meta is scheduled to report its second quarter (Q2) earnings after the market closes on Wednesday, July 31st, 2024. What should traders look out for? Last quarter, Meta reported a revenue beat of $36.46 billion vs. $36.16 billion expected and an EPS beat of $4.71 per share vs. $4.32 expected. The company reported...

Euro (EUR/USD) Weakens After German PMIs Disappoint, Rate Cut Expectations Rise German PMIs miss forecasts, manufacturing sector weakens further.Euro slips lower as rate cut expectations increase. Recommended by Nick Cawley Trading Forex News: The Strategy For all high-importance data releases and events, see the DailyFX Economic Calendar According to the latest HCOB flash PMIs, ‘Germany’s private sector economy slipped back...

Article written by Tony Sycamore, Market Analyst for IG Australia When will Apple report its latest earnings? Apple is scheduled to report its third quarter (Q3) earnings on Thursday, August 1, 2024. Key Financial Metrics Last quarter (Q2), Apple reported a revenue beat of $90.75 billion vs. $90.01 expected and an EPS beat of $1.53 vs. $1.50 estimated. The company...