Global markets live: Apple, Nvidia, BoA, Volvo, BYD…
Every day, the MarketScreener team selects the most important news about listed companies across the world. Here's a short summary for your convenience:
North America:
- Apple suppliers negatively impacted by President Trump's decision to delay tariffs on EU goods, introducing uncertainty in the global economy.
- Nvidia launched a more affordable AI chip for the Chinese market in response to U.S. export restrictions, alongside reporting its Q1 earnings.
- Bank of America Corporation raised its long position in Bilibili to 8.02% on May 21.
- Microstrategy raised $427 million and used the funds to purchase 4,020 Bitcoins.
- United States Steel Steel conditionally approved for acquisition by Nippon Steel, creating the world's third-largest steel producer.
- Enel Green Power North America signed an asset swap agreement with Gulf Pacific Power to increase its stake in U.S. wind farms by 285 MW.
Europe:
- Volvo Cars announced a restructuring plan involving the elimination of 3,000 jobs, with costs up to 1.5 billion SEK as part of an 18 billion SEK cost and cash action plan.
- Thyssenkrupp restructuring to become a strategic holding company, planning to list Marine Systems and separate automotive and materials trading units.
- Capgemini ceased acquisition discussions with WNS Holdings and expanded partnerships with SAP and Mistral AI for AI solutions.
- Equinor extended the partial production stop at Norway's Troll gas field due to a compressor failure until May 30, affecting Dutch wholesale gas prices.
- Ratos AB's Sentia set to apply for a listing on Euronext Oslo Børs in 2025, aiming for NOK 15 billion revenue by 2030.
- Airbus signed significant deals with Vietnam during President Macron's visit amidst EU-US trade tensions.
Rest of the world:
- Alibaba's instant commerce portal surpassed 40 million daily orders.
- Meituan's Q1 2025 earnings nearly doubled with a 46.2% increase in net profit, surpassing revenue expectations.
- BYD shares fell after introducing trade-in incentives and price cuts, impacting stock performance in Hong Kong.
- Samsung Biologics secured orders totaling 440.5 billion won from two separate deals.
- TotalEnergies commenced production and extraction of the first oil from the fourth development phase of the Mero field in Brazil.