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Hertz shares slump after quarterly results miss Wall Street estimates

Hertz shares slump after quarterly results miss Wall Street estimates

By Chibuike Oguh NEW YORK (Reuters) -Shares of Hertz Global fell more than 20% on Tuesday after the rental car company’s results missed Wall Street expectations due to reduced vehicle fleet and a moderation in bookings. Estero, Florida-based Hertz reported a nearly 13% drop in revenue on Monday to $1.81 billion and a narrower adjusted net loss of $1.12 per share, down 13% from a year ago. Analy ...

2025-05-14 03:19:16
US weighs letting UAE buy over a million advanced Nvidia chips, Bloomberg News reports

US weighs letting UAE buy over a million advanced Nvidia chips, Bloomberg News reports

(Reuters) - The Trump administration is weighing a deal that would allow the UAE to import more than a million advanced Nvidia (NASDAQ:NVDA) chips, a quantity that far exceeds limits under Biden-era AI chip regulations, Bloomberg News reported on Tuesday. The deal, which is still being negotiated and could change, would let the UAE import 500,000 of the most advanced chips on the market each year ...

2025-05-14 03:18:16
Belgium stocks lower at close of trade; BEL 20 down 0.26%

Belgium stocks lower at close of trade; BEL 20 down 0.26%

Investing.com – Belgium stocks were lower after the close on Tuesday, as losses in the Healthcare, Consumer Services and Utilities sectors led shares lower.At the close in Brussels, the BEL 20 fell 0.26%.The best performers of the session on the BEL 20 were Azelis Corporate Services NV (EBR:AZE), which rose 1.70% or 0.25 points to trade at 14.99 at the close. Meanwhile, KBC Groep NV (EBR:KBC) ...

2025-05-14 03:17:15
France stocks higher at close of trade; CAC 40 up 0.30%

France stocks higher at close of trade; CAC 40 up 0.30%

Investing.com – France stocks were higher after the close on Tuesday, as gains in the Technology, Consumer Goods and Oil & Gas sectors led shares higher.At the close in Paris, the CAC 40 rose 0.30% to hit a new 1-month high, while the SBF 120 index added 0.31%.The best performers of the session on the CAC 40 were Stellantis NV (EPA:STLAM), which rose 4.44% or 0.42 points to trade at 9.76 at ...

2025-05-14 03:16:08