News of New York

Stock market plunges after reports of dangerous new COVID strain from South Africa
27 November 2021
3976
Coronavirus and stock markets Stock markets in the US and Asia fell sharply on Friday amid reports of a dangerous new strain of COVID from South Africa, with cases of infection detected in Hong Kong. Countries are closing air borders and WHO will ho...
Tesla shares fall after Musk says he will sell 10% stake
9 November 2021
5027
Musk Sells 10% of Tesla Tesla (TSLA) shares fell sharply on Monday after Elon Musk tweeted about selling a large stake of his stock to pay taxes. Market analysts see no reason to sell Tesla stock to retail investors, instead pointing to a good buyin...
Lyft shares up 12% after report
3 November 2021
3946
Reasons for the stock rise Lyft's shares rose sharply on Tuesday after a 73 percent quarterly revenue increase. Lyft welcomed investors with news of the return of a director to the company's business and drivers. This allowed for continued growth du...
iPhone 13's rise in popularity could affect Skyworks and Cirrus Logic's share price
12 October 2021
4112
Stock rises thanks to iPhone 13 The first months of Apple's iPhone 13 (AAPL) shipments have been stronger than the iPhone 12. This will benefit Apple's suppliers, who have already shown growth and expect further benefits from the continued 'upgrade ...
A sharp rise in interest rates would affect equities: Goldman Sachs
4 October 2021
5154
Hitting stocks According to Goldman Sachs, a stock market crash would likely require a sharp rise in rates The S&P 500 index has fallen 5 per cent from its all-time high as inflation and potential Fed policy changes have awakened investors to th...
Rise in bond yields calls into question investor confidence in large technology companies
30 September 2021
3718
Stocks of companies at a time of rising bond yields Shares in General Electric, Caterpillar and Boeing as well as financial and energy companies would be the best bet as US Treasury yields return to annual highs. This ...
Nasdaq down 2.8% and S&P 500 down 2% on rising bond yields
30 September 2021
3835
US stock indices fell sharply on Tuesday After 10-year treasury bond yields rose to 1.54%, which hit tech growth stocks the hardest. Uncertainty around the raising of the US government debt limit and the risk of a lockdown is causing further worries...
Gores Guggenheim SPAC nears merger agreement with Polestar
27 September 2021
3937
Approaching SPAC Polestar is moving closer to a public listing deal through a merger with a specialist acquisition company that would value the Swedish electric carmaker at $21 billion, according to sourc...
Rising bond yields could affect equities
27 September 2021
3648
Bond yields continue to rise Bond yields rose sharply last week and market experts see preconditions for a further rise. This will not necessarily be reflected in a fall in the stock market, but analysts point to opposite reactions of equities, depe...
Salesforce shares after hitting price highs and raising forecasts
24 September 2021
4025
The state of the company's stock Salesforce (CRM) stock rose 7 percent on Thursday after the company raised its sales forecast for 2022 and 2023. Several analysts have raised ...
FedEx report reveals supply chain problem and rising labor costs
22 September 2021
3761
The state of the company's stock FedEx (FDX) shares fell 4.4% in after-hours trading after its financial report. The second US delivery company lowered its profit forecast for fiscal 2022 and said rising labour costs an...
Stock indices fell on Monday
21 September 2021
3593
Crisis in the making Nasdaq Composite, S&P 500 and Dow Jones fell sharply on Monday, with the financial sector hardest hit shares of major US banks JPMorgan Chase (JPM), Goldman Sachs (GS) and others fell by 3% or more. The market sees risks in ...
Shipping options sell out as businesses try to recover from the pandemic
13 September 2021
3813
Shipping Integration The consolidation of shipping over the past 5 years has exacerbated supply chain problems caused by the occurrence of Covid-19, further delaying the movement of cargo across the sea. Cargo owners and forwarders say that a handf...
GameStop shares down 9%
10 September 2021
3725
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...
Elon Musk held a meeting for Tesla employees
7 September 2021
3657
Meeting with Tesla employees CEO Elon Musk on Friday revealed Tesla Cybertrack delivery dates, a new low-cost model and Tesla's "craziest deliveries" of electric cars in September. Tesla (TSLA) CEO Elon Musk held an all-staff meeting on Friday. The...
The stock market continues to rise
2 September 2021
3725
Stock market on Tuesday Major stock indices recovered from a slight decline on Tuesday on the back of three bad government reports concerning the US economy. Major US stock indices recovered very quickly after a small decline on Tuesday despite a s...
The U.S. stock market closed higher, with the Dow Jones gaining 0.09%
25 August 2021
3970
The US stock market on Tuesday Tuesday's trading closed with gains in the oil and gas, commodities and consumer services sectors. The Dow Jones rose 0.09%, the S&P 500 rose 0.15% and the NASDAQ Composite rose 0.52% at the close of tra...
Investors recommend buying Uber shares
20 August 2021
3954
Best time to buy Uber shares Uber shares are trading at a lower price today than on the first day of trading. However, investors have four strong arguments for buying Uber stock right now to take advantage of the lower price. Uber (UBER) shares are...
Dow Jones down for 3rd straight day
20 August 2021
4017
Stock market trading on Thursday The Dow Jones Industrial Average US stock index fell for the third straight session on Thursday, while gains in technology stocks contributed to gains in the S&P 500 and Nasdaq. The Dow Jones Indu...
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...
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