Uber's business
Uber shares fell after the report, repeating the trajectory of its smaller rival Lyft. Despite the good quarterly results, investors saw warning signs for the profitability of Uber's business.
Uber Technologies (UBER) posted higher ...
Losses and plant closures
General Motors reported strong second-quarter results thanks to strong price increases for its pick-up trucks. However, the loss of $800m on the recall of nearly 69,000 Chevrolet Bolt EVs and the closure of GM factories due...
Nikola's shares
Hydrogen-fuelled truck start-up Nikola reported its quarterly results on Tuesday, posting a loss and halving its year-end delivery forecast to just 25-50 units.
Nikola (NKLA) is a developer and manufacturer of zero-emission battery-...
Profit in the second quarter
CVS Health Corp (NYSE:CVS) reported second-quarter results on Wednesday that beat analysts' estimates. The earnings figure beat forecasts.
The company reported $2.42 earnings per ...
Arm and Nvidia
Nvidia shares were down slightly at the pre-market on Wednesday following news that a preliminary investigation by UK authorities into Nvidia's deal to buy UK tech giant Arm showed "worrying implicat...
Sports stocks
Amid harsh criticism of the video game industry in China's state-run media the previous day, a "tidal wave" touched stocks of Chinese manufacturers of sportswear, trainers and other spo...
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...
Company reports
Amgen released its second-quarter results on Tuesday, beating analysts' estimates. The earnings figure exceeded forecasts.
The company reported earnings per share of $4.38 and revenues of $6.53B.
Amgen's share price, up 6% this yea...
Marriott revenue below expectations
US-based Marriott International Inc (NASDAQ:MAR). the operator of the world's largest hotel chain, returned to profitability in the second quarter of 2021 amid renewed demand for summer travel.
Accordin...
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...
Alibaba shares fall
Chinese e-commerce giant Alibaba reported 1.18 billion active customers and increased its share buyback programme to a record $15 billion. However, the negative trends seen by investors outweighed and Alibaba ...
Goole and Qualcomm's chips
Google announced on Monday that it will start producing its own processors called Tensor for its new range of Pixel 6 and Pixel 6 Pro smartphones. This is the "beginni...
A pandemic in New York
New York State Governor Andrew Cuomo has called on private businesses, including restaurants and bars, to serve only people vaccinated against the coronavirus.
Such a principle is already in place in stadiums, music halls. No...
Facebook and Kustomer
The European Commission (EC) on Monday began examining the impact on the European market of Facebook's acquisition of Kustomer, headquartered in New York, which specialises in creating to...
Infrastructure bill
US stock indices rose significantly before the opening of trading on Monday as investors welcomed the expected imminent passage of a bipartisan bill that would allow the US to spend a record amount on infrastr...
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...
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...
From New York to Florida
New Yorkers continue to move to Florida in droves amid a pandemic, according to recent statistics.
According to data from the Florida Department of Highway Safety and Motor Vehicles, 51,108 New Yorkers moved to the sunshine...
Vaccine for private companies
US authorities are studying the possibility of introducing compulsory vaccination at the federal level. The head of the US Centers for Disease Control and Prevention (CDC), Rochelle Walensky, told Fox News on Friday.
T...
Elon Musk for justice
Tesla and SpaceX CEO Elon Musk has criticised Apple, backing Fortnite video game developer Epic Games in a dispute with it.
"The commission on the Apple App Store has de facto become a global tax on the internet," the entrepre...
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