News of New York

Bank of America cuts Virgin Galactic's target price by 39%
23 August 2021
3998
Virgin Galactic target price Bank of America Corp (NYSE:BAC) has cut its target price on Virgin Galactic (NYSE:SPCE) shares by 39%, from $41 to $25, Market Insider reports. Analysts at the bank noted delays in the ...
Brent rises to $66.38 a barrel
23 August 2021
3910
Brent price today Oil prices rose on Monday after falling for seven consecutive sessions, the longest such period since February 2018. The market was supported on Monday by reports that Chinese authorities were able to contain a new wave of COVID-1...
Revenue and profit: Nvidia, Cisco and Estee Lauder
19 August 2021
3933
Nvidia's earnings The world's largest maker of graphics microchips for video games and artificial intelligence chips for data centres Nvidia Corp (NASDAQ:NVDA) on Wednesday reported second-quarter revenue...
Alibaba shares plummet to lows due to pressure from Chinese authorities
19 August 2021
3902
Authorities put pressure on Alibaba Group Alibaba (BABA) shares on the US exchange NYSE fell 4.9 per cent on Tuesday, to two-year levels, due to the release of tougher antitrust rules from China. Market analysts point to fiv...
Chinese electric car maker Xpeng to double the capacity of its plant
19 August 2021
3628
Xpeng plants Shares in Xpeng (XPEV) rose following news of the company's plans to double its production capacity from 100,000 to 200,000 electric cars a year to increase competition with Li Auto, Nio and Tesla in C...
US stock market closes higher on Thursday
13 August 2021
4017
US stock market The Dow Jones was up 0.04% at the close on the New York Stock Exchange, the S&P 500 was up 0.30% and the NASDAQ Composite was up 0.35%. The top gainers among Dow Jones index components in yesterday's trading were Salesforce.com ...
AMC will accept bitcoins in cinemas
10 August 2021
3721
Cryptocurrency in cinemas AMC Entertainment (NYSE:AMC) is set to start accepting bitcoins in cinemas to appeal to an army of Reddit investors who have backed the company's stock price, The Wall Street Journal reports. CEO Adam A...
Robinhood shares jumped nearly 10 per cent, surpassing IPO price
3 August 2021
3857
More than the IPO price Only 1.3% of Robinhood Markets Inc (NASDAQ:HOOD) users participated directly in the online trading app's IPO. According to the publication, 301,573 customers of the online broker bought sha...
Li Auto again outperformed Xpeng in July deliveries
2 August 2021
3590
Deliveries for July Shares in Li Auto and Xpeng rose 8.9% and 6.4%, respectively, ahead of the companies' delivery reports. Chinese start-up Li Auto reported another record delivery of its Li ONE&nbs...
New York Stock Exchange pre-market on Thursday
29 July 2021
3863
State of the stock market on Thursday Facebook (NASDAQ:FB) shares fell 3.1% on the New York Stock Exchange premarket on Thursday after the social media giant warned of a significant slowdown in revenue growth in the current third quarter and next. ...
Lucid Motors' debut on the stock exchange is in jeopardy
23 July 2021
3808
Lucid Motors' exit to the stock exchange Electric car maker Lucid Motors was about to go public on the New York Stock Exchange through a merger with SPAC company Churchill Capital Corp IV. However, some of Churchill Capital's shareholders declined t...
Nasdaq plans to spin off private equity trading into a separate business
20 July 2021
4072
Marketplace for stock trading Exchange operator Nasdaq Inc. plans to spin off its private equity marketplace into a separate segment in partnership with a group of US banks, including Goldman Sachs G...
Morgan Stanley warns of 20% correction in US market
20 July 2021
3954
Correction in the US market After the US Federal Reserve expressed confidence in the economic recovery some time ago and signalled that a tightening of its already ultra-soft monetary policy would begin somewhat earlier than planned, US stock indice...
Bank of America's Q2 net profit nearly triples
14 July 2021
4720
Bank of America earnings Net income of Bank of America Corp (NYSE:BAC)., one of the largest U.S. banks, increased 2.7 times in the second quarter to $8.96 billion, or $1.03 per share, from $3.28 billion, or 37 cents per share, in the same ...
Large companies on the New York Stock Exchange
6 July 2021
4876
Company shares on the New York Stock Exchange Shares in taxi service Didi Global Inc ADR (NYSE:DIDI) plummeted 20% on the New York Stock Exchange premarket after Chinese authorities blocked the company's ability to get new customers and ordered mobi...
China to remove Didi taxi service from app shops
5 July 2021
4711
Taxi service Didi Chinese giant Didi Global Inc said Beijing's order to remove the taxi-calling service from app shops in China could hit revenues. At the same time, other Chinese companies that recently went public in the US have also been the targ...
Xpeng Motors could raise $2bn in a dual listing in Hong Kong
24 June 2021
4645
Hong Kong dual listing Shares in Xpeng Motors rose 4 per cent on Wednesday amid reports that the Hong Kong regulator has approved the carmaker's listing on the Hong Kong Stock Exchange. Going public on the Asian exchange will allow Xpeng t...
U.S. stock market closes higher
23 June 2021
4677
Company stocks on the New York Stock Exchange The US stock market ended Tuesday's trading with gains in the technology, consumer services and oil and gas sectors. The Dow Jones was up 0.20 per cent at the close on the New York Stock Exchange, the S...
GameStop, CureVac and Amazon shares rise on pre-market
21 June 2021
4602
Stocks of companies on the stock exchange Amazon (NASDAQ:AMZN) shares gained 0.2% on the New York Stock Exchange premarket after the e-commerce giant launched its two-day Prime Day event, which last year brought it $10.4bn in gross sales. Shares of...
The US stock market closed lower on Friday
19 June 2021
4206
Friday trading The US stock market ended Friday's trading lower amid negative dynamics from the oil and gas, utilities and financial sectors. By the closing bell on the New York Stock Exchange, the Dow Jones fell 1.58% to a one-month low, the S&...
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