Dividends and shares
The US banking sector and Wall Street as a whole received a positive signal after stress tests conducted by the Fed for 23 major US banks showed better capitalisation results than required by the ce...
Nike's report
Nike on Thursday reported a successful end to fiscal 2021 after the close of trading, beating Wall Street expectations. Nike's quarterly revenue nearly doubled to an all-time high of $12.34 billion.
Shares in Nike (NKE) rose 14.1...
Adobe's shares rise
Adobe shares rose 2.5% in after-hours trading after the cloud software maker reported revenue growth of 23% and gave an outlook for the coming quarter above analysts' average...
Wall Street reforms
The new head of the US Securities and Exchange Commission (SEC), Gary Gensler, has unveiled 49 solutions to reform Wall Street rules, including a call for stricter regulation of platfo...
Didi and IPO
China's largest passenger taxi service company Didi has filed paperwork to go public in the US, the BBC reports.
The company is known to have the backing of major Asian technology investment firms, including Softbank (T:9984), Alibaba ...
A record quarter for NVIDIA
NVIDIA's report beat Wall Street estimates, with earnings doubling and revenues rising 84%. Despite this and the company's strong outlook, NVIDIA shares have fallen as investors assess whether to expect much from its cryp...
Shares rebound
Shares in veggie producer Beyond Meat (BYND) have risen 12.45% in the past two trading days, continuing a 1.5% rise before the start of trading on Wednesday.
Shares have recovered slightly from a one-year low of $101.66 on 13 May, bu...
NVIDIA to date
NVIDIA shares rose last week on strong valuations from analysts and the announcement of a 4-to-1 stock split. This Wednesday, Nvidia reports firt quarter earnings profits are expected to be record highs.
NVIDIA (NVDA) is&nb...
IPO Access
Robinhood is launching a new IPO Access product that aims to "democratise IPOs" by allowing ordinary users to invest in companies' shares before they go public.
Robinhood, whose stock trading app has revolutionised access to Wall Street ...
Home Depot report
Home Depot (HD) shares reacted to the company's quarterly report by rising 2.18% before the opening of trading on Tuesday, as investor fears of a slowdown in demand for home improvement products failed to materialise.
Demand for b...
Walmart's report
Walmart, the biggest US supermarket chain focused on home goods, posted stronger results from February to April than analysts had expected. Shares rise before the opening of trading on Tuesday.
The biggest US retailers reported the...
Losses due to fine
Alibaba reported stronger revenues and number of active users in the March quarter than Wall Street expected, but posted its first loss in nine years because of a major antitrust fine.
Shares in Chinese e...
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...
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...
Revenues beat Wall Street forecasts
Snap shares reacted strongly to successful first-quarter results and high revenue growth forecasts of 80% to 85% in the second quarter, according to management expectations. Snap outperformed analysts' e...
Tencent Holdings quarterly profit
Chinese internet giant Tencent Holdings Ltd.'s fourth-quarter net profit rose 2.7 times to a record 59.302 billion yuan ($9.09 billion), up from 21.582 billion yuan in the same period in 2019.
The figure was booste...
Report from Zoom
Zoom reported record growth in quarterly revenues and profits, exceeding Wall Street estimates. Zoom's projections for the first quarter and full fiscal year 2022 are also above expectations.
Shares in Zoom Video Communications (ZM...
Salesforce shares and forecasts
Salesforce shares fell despite a good quarterly report as Wall Street expected higher profits in the new year with the Slack acquisition.
Salesforce (CRM) shares, up 29.2% over the past 12 months, fell 3.9% on Thursd...
Selling the division
IBM is in the early stages of talks to sell or spin off its unprofitable Watson Health division. This could help IBM streamline its business and speed up restructuring.
IBM (IBM) is considering selling or separating its Watson ...
Covid-19 immunity study
In total, more than 4,000 company employees were tested. The authors of the study, which included the founder of SpaceX, concluded that a certain level of antibodies could provide longer-lasting immunity.
SpaceX has conducte...
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