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Verizon's quarterly net profit falls more than 23%
21 October 2022
Quarterly report from the company US telephone operator Verizon Communications (NYSE: VZ) reported a 24% decline in net income for the third quarter to $5 billion, compared with $6.6 billion in the s...
BMW to invest $1.7bn in electric vehicles production in the US
19 October 2022
Electric cars from BMW Germany's BMW is investing $1.7bn in electric car production in the US. The head of the company, Oliver Zipse, told Reuters on Wednesday. He said the company plans to produce at least six models of BMW electric...
Johnson & Johnson sells its big plant in India
18 October 2022
J&J in India Johnson and Johnson has sold its largest facility in India, a plant that had been in operation since 2016 in Pengerla, Telengana. The Economic Times reported on Tuesday that Hetero, an Indian compa...
US stock market trades higher on Monday
17 October 2022
Trading on Monday The US stock market rallied strongly in early trading on Monday following the release of quarterly reports from Wall Street's biggest banks. The Dow Jones Industrial Average had added 5...
A Bloomberg journalist says that Apple is developing an unusual accessory for the iPad
16 October 2022
Insider about the new iPad Apple is developing an unusual accessory for its iPad tablets that will be unveiled "as early as 2023". This is reported by a well-known insider and Bloomberg correspondent. According to the correspondent, Apple is consid...
US stock market on Friday: the Dow Jones down 1.34%
15 October 2022
Last day of trading this week The US stock market ended Friday's trading lower on the back of negative dynamics from the oil and gas, commodities and technology sectors. At closing time on the New York Stock Exchange, the Dow Jones fell 1.34%, the ...
Beyond Meat shares fall 12% after cutting sales guidance and staff
14 October 2022
Beyond Meat on the stock market Beyond Meat was down 11.91 per cent to $13.02 at the time, before slowing to 7.38 per cent at $13.69 per share, Nasdaq trading data showed. Investors began selling off after the company reported a cut in its 2022 rev...
U.S. stock indices on Monday: Dow Jones rose 0.06%
10 October 2022
Trading Starts The U.S. stock indices at the beginning of trading on Monday are moving without uniform dynamics, Dow Jones is in a weak plus. Thus, the Standard Poor's 500 Index was down 0.3 percent at 3,627.63 points by 10:58 a.m. ET. The Nasdaq ...
The U.S. stock market closed lower on Friday: Dow Jones drop 600 points
8 October 2022
Friday trading The U.S. stock market ended Friday's trading with a decline amid negative dynamics from the sectors of technology, consumer services and consumer goods. By the closing time on the New York Stock Exc...
Morgan Stanley says emerging market stocks could soon hit bottom
5 October 2022
Morgan Stanley suggests Emerging market stock indices could soon reach the low point in the current bearish cycle, analysts at Morgan Stanley (NYSE:MS) believe. As a consequence, economists of the bank, including strategist Jonathan Garner, changed...
Alex Mashinsky withdrew $10 million of cryptocurrency before customer withdrawals were frozen
4 October 2022
Before the account was frozen Cryptocurrency (СС) lender Celsius filed for bankruptcy in July amid a collapse in the cryptocurrency market. Its founder and Chief Executive Officer Alex Mashinsky also stepped down t...
Tesla shares fall after quarterly sales report
3 October 2022
Tesla shares after the report Shares of electric car maker Tesla (NASDAQ: TSLA) fell 6.5% to $248 in Nasdaq premarket trading on Monday, October 3. At the time of writing, the decline has slowed to 4.62%. Quotes started the decline on the back of t...
Tim Cook explains why Apple avoids the word 'metaverse'
2 October 2022
Company against the word 'metaverse' Apple CEO Timothy Donald Cook says the word 'meta-universe' is still misunderstood by the vast majority of the world. He said this in an interview with the Dutch news agency Bright. "I always think it's importan...
Wall Street on Friday: Nike shares down 11%
30 September 2022
Shares of US companies Shares in Nike (NYSE: NKE) fell more than 11% after the world's largest sportswear maker warned its gross margins would remain under pressure for the year. Meta Platforms (NASDAQ: META) shares rose 0.3% after Facebook's owner...
Goldman Sachs and BlackRock shares fall as recession risk rises
27 September 2022
Global equities Analysts at U.S. bank Goldman Sachs Group Inc. (NYSE: GS) downgraded its recommendation for global equities for the next three months to "below market" and maintained an "above market" recommendation for cash amid recessionary risks,...
Investors buy a record number of contracts to insure risks
26 September 2022
Risk insurance contracts Investors in the US are buying a record number of risk insurance contracts amid a sell-off that has already sent US stocks down several trillion dollars, writes the Financial Times. Purchases of put options and ETFs are ris...
Helmerich & Payne is to pay a dividend of $0.25
25 September 2022
Shares of Helmerich and Payne Investors in Helmerich and Payne, Inc. (NYSE:HP) should receive a payout of $0.25 per share on Dec. 1. This means that the annual payment will be 2.8% of the current share price, which is in line with the industry avera...
JPMorgan will not stop oil and gas financing
24 September 2022
Funding from JPMorgan Chase and Co JPMorgan Chase and Co (NYSE: JPM) CEO James Dimon has told US lawmakers emphatically that his bank has no intention of cutting off oil and gas financing. This was revealed by The Wall Street Journal. US House ...
Integer Holdings shares up 7.2% this week
10 September 2022
Integer shares It was not a good quarter for Integer Holdings Corporation (NYSE: ITGR) shareholders, as the share price fell by 13% during that time. But on the plus side, the stock has risen over five years. Unfortunately, its 39% return is be...
US stock indices close lower in last August trading
1 September 2022
Trading declined The Dow Jones Industrial Average fell 0.88% to 31510.43 points. The Standard and Poor's 500 fell 0.78% to 3955 points. The Nasdaq Composite Index fell 0.56% to 11816.2 points. In all, the Dow Jones lost 3.9% in August, the S&P ...
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