The cost of goods is increasing
Cleaner and razor manufacturer Tide and Gillette announced that it will begin increasing the price of beauty, oral hygiene and personal care products such as razors. This price increase will be achieved with an increa...
New Devices
On 18 October Apple (AAPL) at a presentation called Unleashed announced its new high-performance MacBook Pro laptops, a new generation of AirPods headphones and unveiled the HomePod Mini smart speaker in a variety of ...
Schedule for the week
Shares of Tesla, Intel, Netflix, IBM and Johnson & Johnson could change this week, influenced by the release of Q3 earnings and revenue reports.
It will be a busy week in the US stock market a...
Friday trading
US stock indices rallied on Friday as investors absorbed Goldman Sachs' sharp gain and an unexpected rise in retail sales. The Dow Jones Industrial Average jumped 207 points, or 0.59%, while the S&P 500 and Nasdaq Composite indice...
Rising indices
US stock indices rose on Thursday as major banks released strong quarterly results and jobless claims fell to the lowest level of the COVID-19 pandemic. The Dow Jones Industrial Average rose 418 points, or 1.22%, while the S&P 500...
Shares rise on report backdrop
Shares of major US banks Bank of America (BAC), Morgan Stanley (MS), Wells Fargo (WFC) and Citigroup (C) rose at the premarket after the release of Q3 2021 reports. Banks' earnings and profits beat Wall Street expectat...
Company report
JPMorgan Chase (JPM) was the first major bank to report Q3 earnings and profits, its performance largely reflecting the state of the US economy and the strength of the financial markets.
JPMorgan Chase (JPM), the largest US bank by m...
New data centres around the world
Oracle (ORCL) plans to open 14 data centres over the next year, the fastest growth of any major cloud company. Oracle shares have risen 47.3% since the start of the ...
Stock rises thanks to iPhone 13
The first months of Apple's iPhone 13 (AAPL) shipments have been stronger than the iPhone 12. This will benefit Apple's suppliers, who have already shown growth and expect further benefits from the continued 'upgrade ...
Tesla in Berlin
The Tesla factory in Berlin opened its doors to visitors on Saturday. CEO Elon Musk gave a speech, announcing plans to produce 5,000 to 10,000 cars a day, the timing of the launch of battery production, and the ch...
Faster than Tesla
Xpeng Motors (XPEV), a Chinese electric car startup, has reached the milestone of 100,000 cars produced in six years twice as fast as market leader Tesla. Xpeng models are cheaper than their ...
Moving to Austin
Last May, Elon Musk, frustrated by increasingly draconian management in California, threatened to move Tesla's headquarters to Texas. A month later, Tesla was in talks to build its huge new plant outside Austin. By December Musk him...
New features
Shares in Pinterest (PINS) rose 2.5 per cent on the pre-market Thursday after the company announced it was adding new features to encourage shopping on its platform.
On Wednesday, Pinterest (PINS) announced the launch of its new market...
GM's statements at presentation
General Motors' (GM) presentation to investors this week revealed details of the company's plans to double revenues, transform into a 'platform', build a fleet of 1m robot taxis and more. GM shares were up 4...
Global business
According to a recent study by Euler Hermes, the number of global business failures will increase by 15% by 2022, when government support programs will end in a pandemic. Companies in these countries will be the hardest hit.
Despite...
Profit growth
Shares in Levi Strauss rose in the post-market after the clothing maker's financial results beat market expectations. Levi Strauss claimed benefits from its supply chain and promised a strong holiday quarter.
Shares in Levi ...
Share price rises after disruption
Shares in US company Facebook were up more than 2 per cent by the close of trading on the New York Stock Exchange on Tuesday.
According to data posted on the trading floor's website, the company's shares rose by $...
Stocks fall ahead of jobs report
US stock futures fell sharply on Wednesday morning as investors awaited the latest labour market assessment.
Dow Jones Industrial Average futures fell 350 points, or 1.02%, while S&P 500 and Nasdaq 100 futures f...
The reason for the rise in the company's shares
The share price of Palantir (PLTR) rose sharply after Tuesday's close after the company won a multi-year contract worth 823 million from the US Army. The Palantir Gotham platfo...
Stocks rise
US stock indices rose on Tuesday as the major averages are expected to stabilise at or near their lowest level in months. The Dow Jones Industrial Average rose 114 points, or 0.34 pe...
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