Deal with SPAC
A source familiar with the matter said Pagaya Technologies Ltd. was nearing an agreement to put a value of about 9.90 billion toward a joint public offering through a merger with a specialty acquisition company.
Pagaya, based in New ...
Oracle's report
Oracle (ORCL) shares fell 1.9 percent after the report as the company reported quarterly earnings below analysts' average expectations. Oracle continues to grow its cloud business by increasing inve...
Losses for three years
GameStop (GME) investor enthusiasm continues to fall, despite the video game company's financial report showing quarterly revenues above Wall Street analysts' forecasts. GameStop is perhaps the best-known 'stock meme', but the...
Li Auto has record sales
Shares in Li Auto, the Chinese electric car maker, fell 1 per cent on Monday amid reports of record sales but posting a loss, while analysts had expected a break-even. Li Auto says it plans to expand in Europe.
Li Auto (LI)...
Peloton forecasts and statement
Peloton (PTON) reported a worse quarterly loss than analysts expected and also gave a weaker outlook for the current quarter. Investors should not expect profitability from Peloton before 2023.
Pe...
All about Robinhood shares
The Congress Finance Committee has shelved plans to ban Robinhood's earnings model, which has positively impacted shares. However, the risks of the ban have not been completely removed. Robinhood shares could also be affec...
Revenues and deliveries
Nio released its second-quarter financial report on Wednesday, announcing an expansion of production capacity and plans to launch three new electric vehicles in 2022.
Chinese electric car maker Nio (...
Robinhood & Say Technologies
There's a lot of similarity between the stock market debut of Robinhood Markets (NASDAQ:HOOD) and the IPO of Facebook (NASDAQ:FB) over 9 years ago: both were met with a chill from investors, Robinhood shares started ...
Revenue growth
Lyft continues to recover from the pandemic, posting quarterly revenue growth of 125% and pre-tax profits. Despite a new increase in illness and concerns about the Delta strain "July was Lyft's best month since March 2020".
Shares in...
Square and Afterpay
US fintech company Square Inc, founded by Twitter founder Jack Dorsey, has entered into an agreement with Australian online payment merchant Afterpay Limited to swap shares worth $29bn, according to a statement from Squ...
Robinhood shares
One of the most anticipated IPOs of 2021 for Robinhood, a popular trading app, was followed by an 8.4 per cent drop in shares at the close of trading on Thursday.
Shares i...
E-sales slowdown
Amazon's second-quarter earnings came in below analysts' estimates; the company's third-quarter forecast also disappointed Wall Street. E-sales growth slowed, not even the Prime Day sell-off helped.
The world's largest e-retailer A...
Strong revenue growth
Visa and Mastercard posted stronger-than-expected quarterly results than Wall Street had anticipated, driven by growth in consumer spending on entertainment and tourism.
Visa (V) and Mastercard (MA) shares rose after post...
Strengthening the US economy
At the end of the meeting, the Fed reassured financial markets by stating its commitment to maintaining current policy and zero rates until substantial progress on inflation and employment. The Fed do...
Apple report
Apple's financial report showed strong growth compared to last year's difficult year, beating forecasts and reporting a 50% increase in iPhone sales. However, this growth rate will not continue due to chip shortages.
Apple (AAPL) repor...
Britney Spears' finances
Mathew Rosengart A new lawyer for singer Britney Spears is demanding that control of her finances be transferred to a professional auditor. This was reported by Fox News television on Monday,&nb...
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 ...
JPMorgan's profit
JPMorgan, the biggest US bank by asset size, posted strong earnings growth on the back of a release of reserve funds and a significant jump in investment banking revenues.
JPMorgan Chase Co. (JPM...
Sales in the second quarter
General Motors reported strong growth in its car deliveries in the second quarter, but the figures were slightly below forecasts. Investors see a rapid recovery in the industry after the...
Record sales
Shares of Nio and Xpeng Motors rose on reports of higher sales of their electric vehicles in June than in May, as well as strong second-quarter delivery totals for the full second quarter, despite a global&...
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