market capitalization

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This EV Carmaker Just Had a Huge Day

Vietnam's VinFast hits $85B market cap on first day of Nasdaq trading, now worth more than Mercedes

(Newser) - A Vietnamese carmaker debuted on the Nasdaq on Tuesday and was suddenly worth more than legacy brands including Ford, General Motors, Mercedes-Benz, and Volkswagen. VinFast, one of the biggest automakers in Vietnam, began offering gas-powered vehicles in 2018, per Quartz . It launched electric vehicles in 2021, but only began selling...

Apple Passes Huge Financial Milestone

Company is now worth more than $3T, and analysts expect it to stay that way

(Newser) - Apple, the world's most valuable company, had a market capitalization of more than $3 trillion for the first time at the close of trading Friday—and analysts believe it's likely to stay above that level, unlike in early 2022 when it briefly hit that milestone during daily trading....

Nvidia's Market Cap Is Now $1T
Nvidia Enters a
Highly Exclusive Club
May 30, 2023 12:03 PM CDT

Nvidia Enters a Highly Exclusive Club

Its market cap hit $1T on Tuesday

(Newser) - Nvidia has joined the exclusive club of companies with a $1 trillion market capitalization as the chipmaker benefits from the growing use of artificial intelligence. Nvidia Corp. joins tech titans like Alphabet and Apple in the $1 trillion club. Its stock rose 5% in Tuesday trading, eclipsing $408 per share....

Apple Becomes Most Valuable Company in World, Briefly

It overtakes Exxon for No. 1 spot before falling back again

(Newser) - For the first time since 2005, ExxonMobil found itself only the second-most valuable company in world: Apple briefly took the No. 1 spot today before relinquishing it. Analysts think a more permanent changing of the guard will happen soon, however. At one point today, Apple's market capitalization reached $347....

Nasdaq Swipes $80B in NYSE Listings

Nasdaq offers information, screen-time to woo NYSE clients

(Newser) - In the war for stock listings, Nasdaq is on the offensive, offering companies beefed-up information and appearances on the exchange's towering Times Square video screen to woo them from the NYSE, the Wall Street Journal reports. Nasdaq was "very aggressive in creating marketing opportunities" for Dreamworks, including a 7-story...

Fannie, Freddie Take Another Beating on Bailout Fears

Falling market caps raise investor fears of government action

(Newser) - Share prices of Fannie Mae and Freddie Mac took another precipitous plunge yesterday as investors fear the home mortgage giants will not be able to avoid a government bailout, the Wall Street Journal reports. An article in Barron’s stoked smoldering concerns that the companies will not be able to...

Hong Kong Poised to Become Asia's Big Apple

Port city turning into financial capital

(Newser) - Hong Kong is in decline as Asia's premier shipping hub, but the dip in dockyard activity is nothing to fret over, Newsweek reports. The city is on the brink of becoming one of the world's financial capitals—on par with London and New York. Economic shifts are reconfiguring the political...

7 Stories