Entering new markets
Investors in General Motors are now assessing the pace of the company's transition to electric vehicles and the chances of competition. But GM shares can get a boost not only from successes in the electric car market, but also i...
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 ...
Mark Zuckerberg's stake
Facebook founder Mark Zuckerberg has been selling shares in the company he owns almost every working day since November 2020, bringing his stake down to 14%. This was reported by Forbes magazine on Tuesday...
Trading on Tuesday
US stock indices declined in trading on Tuesday, retreating from recent records. Investors were assessing June US inflation data as well as quarterly reports from some of the country's largest banks.
US consumer prices (CPI) jump...
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...
Soda demand
PepsiCo Inc (NASDAQ:PEP) raised its earnings forecast for 2021 on Tuesday, betting on rising demand for carbonated drinks in cinemas, restaurants and stadiums as viewers return after the easing of ...
Production problems
Boeing Co (NYSE:BA). is likely to face additional delays in delivering its products to customers due to the discovery of a manufacturing defect on its popular 787 Dreamliner wide-body aircraft, ...
License to fly into space
The U.S. Federal Aviation Administration (FAA) has approved a license for Blue Origin to fly suborbital spacecraft New Shepard with people on board. This was reported by Reuters on Monday, citing a statement from&...
Fighting crime
US President Joe Biden has unveiled a new strategy for the US administration to tackle the rise in gun crime, which includes hiring more police officers. On Monday, the US leader held a meeting at th...
Fine for Google
France's antitrust regulator has issued a €500m fine against Google, the regulator said in a statement on its website on Tuesday.
It noted that "the regulator fined the company for failing to comply with several court orders is...
State of Emergency Regarding Hong Kong
US President Joe Biden decided on Wednesday to extend until 14 July 2022 the so-called state of emergency for Hong Kong. The White House press office circulated the relevant document.
"The situation in Hong Ko...
Large-company stocks
US stock indices rose in trading on Wednesday, with the S&P 500 and Nasdaq Composite reaching record highs at one point in the session.
The Dow Jones Industrial Average index rose 25.00 points (0.07%) to 34602.37 points.
T...
Democrat primary ahead of mayoral election
Brooklyn Borough Supervisor Eric Adams has won the primary election among Democrats running for mayor of New York City. The Associated Press&...
Company shares and new head
Amazon shares rose 7% in the past two trading days after CEO Jeff Bezos handed over to Andrew Jassy, who headed AWS's cloud division. A big boost to the stock was the Pentagon's decision to cancel ...
Company shares on the New York Stock Exchange
Shares in taxi service Didi Global Inc ADR (NYSE:DIDI) plummeted 20% on the New York Stock Exchange premarket after Chinese authorities blocked the company's ability to get new customers and ordered mobi...
Vaccine effectiveness
BioNTech (NASDAQ:BNTX) and Pfizer (NYSE:PFE) shares weakened in Tuesday's premarket as a study in Israel found that in recent weeks their vaccine began to lose effectiveness in preventing the COVID-19 delta strain and the&...
Fireworks in New York on Independence Day dedicated to the success in the fight against the pandemic
US Independence Day
Americans celebrated a major bank holidays, US Independence Day, on Sunday. In New York, in light of the success of the coronavirus vaccination, a long-standing tradition was revived w...
Labour market
Reports from the US Department of Labor show a good rate of decline in the unemployment rate and a recovery in American employment. Economists see clear signs of a full "pre-pandemic" recovery in the&...
Taxi service Didi
Chinese giant Didi Global Inc said Beijing's order to remove the taxi-calling service from app shops in China could hit revenues. At the same time, other Chinese companies that recently went public in the US have also been the targ...
COVID pandemic in the US
US federal authorities are sending medical teams to various parts of the country where new outbreaks of COVID-19 have recently been observed. This was reported by Bloomberg news agency on Thursday, citing administration offi...
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