NIO and Xpeng shares
Shares in Chinese electric car makers NIO and Xpeng rose after the companies released higher figures for shipments of their cars in May compared to April, despite a global chip shortage.
Shares in ...
Stock market rises
The US stock market is rising on Tuesday after the US Memorial Day holiday weekend.
The Dow Jones Industrial Average index was up 157.57 points (0.46%) at 34687.02.
The Standard Poor's 500 rose 17.58 points (0.42%) to 4221.69 po...
Costco Wholesale Corporation (NASDAQ: COST), the world's largest club-type self-service warehouse (shop) chain, reported fiscal Q3 2021 results. The company's revenues increased 21.5% YoY to $45.28 billion.
Operating income rose 41% YoY to $1.66 bil...
Powerful chips and 5G modems
Intel unveiled its most powerful Tiger Lake-U chips and 5G modem for laptops at the Computex 2021 digital show on Monday, but said it would take several years to solve the chip sho...
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...
US defence
US President Joe Biden's administration has requested $752.9bn from Congress for national defence spending, of which $715bn should go to the Pentagon. This was stated in a DOD statement released on Friday.
The DOD stressed that the budge...
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...
A record quarter for NVIDIA
NVIDIA's report beat Wall Street estimates, with earnings doubling and revenues rising 84%. Despite this and the company's strong outlook, NVIDIA shares have fallen as investors assess whether to expect much from its cryp...
Shares rebound
Shares in veggie producer Beyond Meat (BYND) have risen 12.45% in the past two trading days, continuing a 1.5% rise before the start of trading on Wednesday.
Shares have recovered slightly from a one-year low of $101.66 on 13 May, bu...
Li Auto's earnings
Li Auto reported first-quarter 2021 revenues above Wall Street expectations. Li Auto's electric vehicle sales were up 334% year-on-year but down 15% quarter-on-quarter. Li Auto gave a strong outlook for the second q...
Compensation from Tesla
Tesla has been ordered by a court in Norway to pay compensation to 30 owners of old Model S and Model X. Each of the company's customers will receive $16,000.
The reasons for the lawsuit are slo...
Epic games and Apple
A court in Oakland, California, will rule on Epic Games' antitrust suit against Apple within the next few weeks. This was reported by The Wall Street Journal.
At Monday's hearing, Judge Y...
Buying $1 million worth of stock
AT&T shares fell about 7% after the company confirmed last week that its WarnerMedia unit would be merged with Discovery in a $43bn deal.
Meanwhile, CEO John Stankey ...
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...
Animal Rebellion against McDonald's
Animal rights activists have blocked the supply of meat from four refrigerated warehouses in Britain, Animal Rebellion has announced on its website.
"Animal Rebellion protesters have turned their efforts to fight...
New specs
Shares in Snap rose nearly 6 per cent on Thursday following a series of updates and new product announcements unveiled by the company during the Snap Partner Summit online presentation.
On Wednesday, Snap (SNAP) unveiled a new generation ...
IPO Access
Robinhood is launching a new IPO Access product that aims to "democratise IPOs" by allowing ordinary users to invest in companies' shares before they go public.
Robinhood, whose stock trading app has revolutionised access to Wall Street ...
Online streaming
Facebook intends to improve the monetization of its Facebook Live product for live online streaming by including the ability to sell viewings of sporting events. Facebook plans to start by partneri...
US indices
US Fed minutes for the first time hinted at a possible policy tightening reducing bond purchases on the back of economic recovery. However, economists point out that the fall in&...
Google conference
Google held a developer conference on Tuesday, showcasing Android OS updates and its software innovations.
Google's "for developers 2021 conference kicked off on 18 May, with Alphabet subsidiary (GOOG, GOOGL) hosting it online, st...
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