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Musk signals ‘significantly’ stepping back from Doge as Tesla profits plunge newsthirst.

Lily Jamali Reporting fromSan Francisco Reuters Elon Musk (left) with Donald Trump outside the White House (file photo) Tesla boss Elon Musk says he will cut back his role in Donald Trump’s administration after the company’s profits and revenues plunged during the first three months of the year. Sales slumped and the electric carmaker faced…

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Kering slightly beats fourth-quarter forecasts but sales at embattled Gucci brand plunge 24% newsthirst.

A Gucci store, operated by Kering SA, in the Sanlitun area of Beijing, China, on Saturday, Oct. 12, 2024.  Bloomberg | Bloomberg | Getty Images French luxury goods firm Kering on Tuesday reported better-than-expected fourth-quarter sales that were nevertheless down year-on-year amid lagging demand for its main Gucci label. The high-end fashion group, whose brands…

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Nvidia’s plunge a difficult lesson for investors betting on single-stock ETFs newsthirst.

Single-stock ETFs betting heavily on Nvidia’s blistering rally plunged overnight, tracking losses in the chip darling’s shares, calling into question the reliability of the investment vehicle. The GraniteShares 2x Long NVDA Daily ETF (NVDL) fell over 33.78% overnight. The Direxion Daily NVDA Bull 2x Shares ETF (NVDU) and T-Rex 2X Long Nvidia Daily Target ETF…

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Novo Nordisk shares plunge 20% after disappointing trial results; Lilly jumps newsthirst.

Boxes of Ozempic and Wegovy made by Novo Nordisk are seen at a pharmacy. Hollie Adams | Reuters Shares of Danish pharmaceutical giant Novo Nordisk plummeted roughly 20% on Friday after reporting results in a late-stage trial for its experimental CagriSema weight loss drug that missed expectations. The maker of the wildly popular Wegovy obesity…

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