Equities Rise Intraday as Traders Await This Week's Corporate Earnings
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
24 minutes ago
- Yahoo
NetEase misses Q2 top and bottom line estimates, shares dip
-- NetEase (HK:9999) (NASDAQ:NTES) shares slumped more than 8% in U.S. premarket trading Thursday after the Chinese internet technology company reported second-quarter earnings and revenue that missed analyst expectations. NetEase reported second-quarter earnings of RMB14.81 per share, missing the consensus estimate of RMB14.92. Revenue was RMB27.9 billion, up 9.4% year-over-year, but also below the RMB28.54 billion consensus. Net revenues from games and related value-added services rose 13.7% year-on-year to RMB22.8 billion (US$3.2 billion). Youdao net revenues grew 7.2% to RMB1.4 billion (US$197.9 million). NetEase Cloud Music recorded net revenues of RMB2.0 billion (US$274.8 million), down 3.5% from a year earlier, while innovative businesses and other segments brought in RMB1.7 billion (US$237.2 million), a 17.8% decline. "In the second quarter, we grew our player community with thrilling new content that reinforces our position as a creator of high-impact, genre-defining games," said William Ding, CEO and Director of NetEase. "Beyond games, we remain focused on innovation, refining our products and content to deliver long-term value for our users, partners and shareholders," he added. The company also named Kok Chung Johnny Chan as an independent director, effective August 14, 2025. Related articles NetEase misses Q2 top and bottom line estimates, shares dip Apollo economist warns: AI bubble now bigger than 1990s tech mania 7 Undervalued Stocks on the Rise With 50%+ Upside Potential Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
24 minutes ago
- Yahoo
Titanbay Appoints ex-UBS Exec as Head of Switzerland
LONDON and ZURICH, Aug. 14, 2025 (GLOBE NEWSWIRE) -- Titanbay, Europe's leading private markets infrastructure provider, has appointed Timo Paul as Head of Switzerland, reinforcing its commitment to growth across Europe with a focus on local relevance and client-centric delivery. Timo joins the firm's Wealth Solutions team, where he will support Titanbay's efforts in Switzerland, collaborating with private banks and wealth managers to enhance their private markets offering. Titanbay's platform addresses operational, regulatory, and technological bottlenecks, providing the infrastructure needed to make private markets access seamless and scalable. With more than two decades of experience across UBS and Natixis Investment Managers, Timo brings deep understanding of the Swiss financial ecosystem and strong relationships across institutional and wholesale channels. His appointment comes as Titanbay, headquartered in London, continues to scale its presence across the continent to meet rising demand for institutional-grade private markets infrastructure. Michael Gruener, Co-CEO of Titanbay, said: 'We're excited to welcome Timo to the Titanbay team. His arrival marks another important step in our European expansion. Timo's insight into the Swiss market and his ability to translate client needs into real-world solutions will help us strengthen our partnerships and support the next phase of private markets growth across the region.' Timo Paul, Head of Switzerland at Titanbay, added: 'Private markets are a key focus for wealth managers in Switzerland, but many still face operational roadblocks. Titanbay is uniquely positioned to help institutions cut through that complexity. I'm thrilled to join the team and support our partners as they deliver better access and outcomes for their clients.' Switzerland is a strategic priority for Titanbay as the company continues to grow across Europe. Titanbay's model combines global infrastructure with regional expertise, empowering local teams to deliver tailored solutions backed by technology, compliance, and operational excellence. About Titanbay Titanbay is Europe's leading private markets infrastructure provider, dedicated to making private markets simpler and more accessible. The company's integrated platform connects asset managers and distributors, providing the essential technology, operations, and regulatory framework required to effectively manage private market funds. Titanbay supports every stage of the investment lifecycle, including fund structuring, onboarding, capital flows, reporting, compliance, and third-party integrations. Whether raising capital, distributing funds, or expanding a private markets offering, Titanbay enables clients to reduce complexity, improve efficiency, and focus on serving their investors and growing their business. Media Enquiries Danielle Wilde marketing@ A photo accompanying this announcement is available at while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
24 minutes ago
- Yahoo
Zeekr: Q2 Earnings Snapshot
NINGBO, China (AP) — NINGBO, China (AP) — Zeekr Intelligent Technology Holding Ltd. (ZK) on Thursday reported a loss of $55 million in its second quarter. The Ningbo, China-based company said it had a loss of 21 cents per share. Losses, adjusted for stock option expense, came to 20 cents per share. The electric vehicle maker posted revenue of $3.83 billion in the period. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on ZK at Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
