An Alibaba Group sign is seen at the World Artificial Intelligence Conference in Shanghai, July 6, 2023.
Aly Song | Reuters
Take a look at the trending companies during midday trading.
News Corp — The media company’s shares rallied nearly 4% after exceeding earnings expectations in the fiscal fourth quarter. News Corp reported adjusted earnings of 14 cents per share, surpassing the estimated 8 cents per share by analysts from Refinitiv. However, the company’s revenue of $2.43 billion fell short of analysts’ forecast of $2.49 billion.
UBS — Shares surged 5% following the news that UBS terminated a loss protection agreement and a public liquidity backstop with Credit Suisse, resulting in a positive market sentiment. Credit Suisse also fully repaid a 50 billion Swiss franc emergency liquidity loan to the Swiss National Bank.
Chip stocks — Semiconductor shares experienced a decline of more than 2% on Friday, putting the sector on track for a weekly drop of 4.5%. The VanEck Semiconductor ETF (SMH) fell 2.2%. Additionally, NXP Semiconductors, Lam Research, Applied Materials, Nvidia, and On Semiconductor each declined by about 3% or more mid
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Denial of responsibility! Vigour Times is an automatic aggregator of Global media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, and all materials to their authors. For any complaint, please reach us at – [email protected]. We will take necessary action within 24 hours.
