The Trading Floor: Tesla's Earnings Drop, Alphabet's Cloud Success and Biden Steps Down
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About this episode
In this episode, we break down the latest financial news in focus this week:
- Tesla's shares plunge after missing earnings for the fourth quarter in a row, despite record revenue. Meanwhile, Alphabet shines with a strong performance in cloud services, surpassing revenue expectations.
- French bank, BNP Paribas reported a record second-quarter profit driven by a surge in equities, while Deutsche Bank struggled with a loss due to weak trading results and legacy issues.
- We look at how the market reacted to US President Joe Biden withdrawing from the election race and what a Trump victory may mean for markets.
Tune in for a concise and insightful look at these key financial stories!
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