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Shares plummet
Moderna (NASDAQ:MRNA) shares tumbled more than 10% at the opening of trading in New York on Thursday on the back of the Biden administration's decision to support a COVID-19 vaccine intellectual...
Business growth at risk
Uber has reported record-low losses for the first quarter of 2021, thanks to the sale of its unmanned car division. However, Uber shares have fallen as investors see headwinds to profitability this year.
Uber (UBER) shares f...
Peloton business
Peloton has recalled all of its treadmills, which generate the biggest revenue stream, due to an accident in which a child died and dozens were injured. Analysts are giving different forecasts for Pelot...
Neighborhoods app
Social network Facebook has launched Neighborhoods, an app designed to bring neighbours together, in test mode in the United States. The information was posted on the official website of the online community on Wednesday.
Accordin...
Demand for taxis
Lyft has increased revenues compared with the previous quarter and expects a further recovery in demand for its taxi service. Lyft provided an outlook for the coming quarter and reiterated its promise to become p...
Buying in cryptocurrency
British artist Banksy's Love is in the Air will be sold at a Sotheby's auction in New York. According to the auction house's website on Tuesday, the artwork will be available for purch...
Working remotely
Remote working is not suitable for young employees and those looking to move forward and develop. That was the view expressed by Jamie Dimon, chief executive of JPMorgan Chase banking group, at a meeting of chief executive officers ...
Pfizer's earnings
Pharmaceutical company Pfizer (NYSE:PFE) Inc. increased both net income and revenue by 45% in the first quarter.
According to Pfizer press release, its net income in January-March was $4.88 billion, compared to $3.36 billion&...
Buffett's successor
The head of investment fund Berkshire Hathaway, 90-year-old billionaire Warren Buffett has named its vice-president Greg Abel as his successor at the head of the company. CNBC reported this...
Chinese electric car sales in April
Chinese electric car makers Nio, Xpeng and Li Auto reported strong sales in April, but the growth rate was significantly lower than in March. Nio management points to a chip shortage that will hold back sales grow...
Amazon's report
Amazon shares rose after the company reported first-quarter results above analysts' expectations. Amazon's total revenues rose 44 per cent. The company said it will hold its Prime Day sale in June giving it a...
Planned GBTC buyout
Digital Currency Group (DCG) has announced its intention to acquire shares in Grayscale Bitcoin Trust (GBTC) for up to $750m.
The reported figure is three times the amount&n...
Stock slump
Twitter reported a 28% increase in revenues in the first quarter of 2021 and profits were above analysts' expectations. However, Twitter's lower user growth and outlook for the second qua...
Leaving the project
Max Hodak, president of neural interface developer Neuralink, has announced his departure from the project he co-founded with Elon Musk. He posted about it on his Twitter page and added that he hasn't worked at the company for se...
Taking bribes
It has come to light that a former top executive of Netflix Inc. Michael Kail, who served as the company's vice president of information technology, has been convicted of accepting bribes from suppliers in exchange for contracts. Kail ...
Barclays revenue and earnings
Barclays Plc (LON:BARC) posted net profit of 1.704 billion pounds ($2.37 billion) in January-March, up from 605 million pounds a year earlier, the British bank said in a press release. Thus, organization's qua...
Amazon's revenues beat experts' expectations
US corporation Amazon's sales revenues in the first quarter of this year amounted to $108.5 billion, according to the company's financial statements released on Thursday. The figure was a record for this ...
Facebook doubled its profits
Facebook shares rose 6 per cent after the company released its financial report for the first quarter of 2021, far exceeding Wall Street expectations.
Fac...
Microsoft's sales growth
Microsoft shares fell despite posting higher earnings per share and revenue than analysts on average expected. Investors were disappointed by slowing sales growth in Microsoft's cloud division.
Microsoft (MSFT) shares fell ...
Alphabet's earnings growth
Shares in Alphabet, Google's parent company, hit a 52-week high in early trading on Wednesday after the company reported a jump in profits and a 34% rise in revenues.
Alphabet (GOOGL, GOOG) reported its fin...
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