Fiscal Q3 results
Micron reported record sales and a jump in profits in the third quarter and gave a higher outlook for the fourth quarter than market analysts. Micron will sell its Utah plant for $9...
Tesla CEO's finances
Tesla and SpaceX CEO Elon Musk's fortune has risen by $9.9bn in the past week, Forbes reports.
Musk is in third place on the Forbes list, his fortune is estimated at $165.9 billion. The entrepreneur is ahead of Amazon CEO Jeff ...
Record revenues didn't help
FedEx reported quarterly results that beat analysts' estimates and summed up a record earnings year. However, investors see serious cause for concern.
Shares in FedEx (FDX), one of the largest in...
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...
Chinese stock market
Chinese shares ended Wednesday's trading lower, led by the materials and health care sectors, as investors were concerned about overvalued securities and the upcoming US Federal Reserve meeting results.
The Shanghai Composite i...
New manufacturing plants
General Motors will increase its spending on electric cars, following a similar move by rival Ford, and also plans to open two new battery plants, Reuters reports. GM is counting on the US government to help f...
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 ...
Annual inflation
US inflation data for May showed a jump of 5% year-on-year, the highest since the summer of 2008 and worse than the 4.2% figure in April. That said, some economists be...
GameStop shares
GameStop on Wednesday reported a 25% rise in sales, a reduction in losses and the appointment of former Amazon executives to top management positions. However, this does not make up for the company's problems, which intends ...
Stock rises
Shares in Zoom Video Communications rose after the company reported earnings and revenue above analysts' average estimates and raised its full-year financial forecast. Zoom added about 30,000 customers during the quarter, indicating a mo...
Aircraft delivery delay
Aircraft maker Boeing (NYSE:BA) has halted deliveries of the 787 Dreamliner, and customers will now have to wait again after a recent five-month delay in aircraft deliveries due to production problems, The Wall Street Journal...
Dell and HP financials
Dell and HP's quarterly revenues and profits beat Wall Street analysts' expectations, with the companies expecting continued strong demand for personal computers during the year. However, investors are pessimistic, which was r...
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...
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...
Disney+ subscriber growth
Disney reported quarterly earnings above market analysts' expectations, but its revenues came in below estimates. Disney's streaming business added fewer new users than Wall Street forecast, similar to Netflix's latest quar...
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...
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...
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...
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...
NEW YORK NEWS
News from GlobalNY.biz is the freshest and most relevant information about high-profile events in the region. The task of the resource's news feed is to convey to readers with maximum accuracy and objectivity information about important events in business, politics, economy, healthcare, culture and other spheres of life in New York.
GlobalNY.biz news is a coverage of economic processes taking place in New York, the latest news of public life, incidents and an overview of political events. New York news is information about the activities of small and medium-sized businesses, the work of housing and communal services and utilities, the implementation of significant projects.
The site's journalists describe not only the life of the region, but also talk about the current state of the US economy. Everything you need to know about innovations in the field of industry and agriculture, economy and power is collected in the "News" section at GlobalNY.biz.
New York news quickly informs the reader, shows the real picture and opens up hot topics. Communication with government structures and business enables us to provide our readers with reliable, information-rich material. The main page of the portal contains the key news of New York!
Alena Potapova
Development Director
