Apple, Klarna, JD.com: Trending Tickers

00:00:00 Speaker A

Now time for some of today’s trending tickers. We are watching Apple, Klarna, and jd.com. First up, Apple, getting a win in its years long legal battle over its blood oxygen tracker. The feature was removed at the end of 2023 due to a patent infringement lawsuit by Masimo and a US customs injunction. But a new ruling will allow the existing watches with the feature to display that blood, those blood oxygen levels on the iPhone, but not on the Apple watch itself. Apple’s announcement states that US customs has ruled that the company will be able to import watches with this redesigned feature. Next up, Klarna, the Buy Now Pay Later company, reporting that it set aside more money for potentially souring loans in the second quarter. That led it to disclose a $53 million net loss for the quarter, which compares to an $18 million loss in the same period a year earlier. It put aside those higher losses to cover higher reserves to cover potential credit losses. The company also reporting it reached 111 million active consumers in the second quarter. Remember, Klarna is still a privately held company, um and it has pushed back its initial public offering several times. Reportedly, may be considering it once again for the fall. And finally, uh China e-commerce giant jd.com out with earnings results, posting revenue that topped estimates, but a costly push into new arenas, such as meal delivery, eating into the company’s profits. JD ignited a three-way battle in e-commerce this year after hiring delivery personnel and launching promotions to break into the meal delivery and fast commerce markets. But pricing battles with competitors have begun to compress its profitability. As always, you can scan the QR code below to track the best and worst performing stocks with Yahoo Finances’s trending tickers page.