Shares of the insurer recovered from an early drop after its Q2 report showed a massive revenue beat driven by investment gains, which overshadowed an earnings miss and underwriting losses from catastrophe claims.
Shares of ASML, Europe's most valuable tech company, fell sharply after reports that a Chinese state-owned firm is developing its own advanced semiconductor lithography tools, highlighting the company's precarious position amid US-China trade tensions.
Shares of the IT services firm jumped after it unveiled a new AI unit for Europe and announced key partnerships, signaling a deepened focus on artificial intelligence just before its quarterly results.
Norway's benchmark stock index, the Oslo OBX, closed higher on Tuesday, buoyed by gains in healthcare and utilities stocks. The advance came despite significant losses in the energy sector and a drop in global crude oil prices.
The benchmark TA 35 index in Tel Aviv closed down 1.81% on Tuesday, driven by significant losses in the insurance, financial, and banking sectors. The sell-off was broad, with declining stocks heavily outnumbering advancers.
A federal appeals court has revived a class-action lawsuit alleging Chobani misled consumers by labeling its yogurt 'Zero Sugar' despite it containing allulose. The court's decision hinges on FDA guidance that defines allulose as a form of sugar.
Shares of Cognizant Technology Solutions (NASDAQ:CTSH) climbed sharply on Tuesday after the IT services firm announced a new division to help clients in Europe, the Middle East, and Africa scale their artificial intelligence initiatives.
Shares of the South Korean memory giant have fallen sharply since its landmark $26.5 billion Nasdaq listing, pressured by a combination of arbitrage trading, a surprise rate hike, and the blockbuster debut of a Chinese competitor.
Axon Enterprise is set to report earnings on August 5, with investors closely watching to see if the public safety technology firm can justify its high valuation after a history of strong growth and volatile post-earnings stock moves.
