SAP Gains, VW Falls, Wise Drops
from Stock Movers Hosted by iHeartPodcasts
Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - SAP shares rise as much as 5.5% after the firm reported 2Q cloud backlog growth that beat estimates, easing investor fears that companies’ software budgets are at risk of increased AI spending. - Volkswagen shares fall as much as 3.2% as a deepening slump in China intensifies pressure on Chief Executive Officer Oliver Blume to overhaul Europe’s largest carmaker. - Wise shares dropped more than 10% after its application to become a national trust bank in the US was rejected by the US Office of the Comptroller of the Currency, delivering a setback for the fintech’s plans to expand in the US.
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