Positive report
Nike's revenue and profit for the three months ended 30 November were above analysts forecasts, thanks to a strong sales recovery in China and another jump in digital sales growth. Nike raised its revenue forecast for fiscal 2021.
S...
The Chinese billionaire Jack Ma, who has fallen out of favor with the Chinese authorities, is trying to save the first public sale of shares in Ant Group.
Ant Group is a subsidiary of Alibaba Group, with a 33% shareholding, and the largest fin-tech ...
Congress leaders reach a deal on almost $1 trillion relief bill, Republican Senate Majority Leader Mitch McConnell reported on Sunday.
“More help is on the way,” McConnell said in Senate regarding pandemic aid measures.
The comments pro...
Helping the economy
On Sunday, Democrats and Republicans finally agreed to pass a $900bn package to help the US economy in a pandemic. The new law should be approved by the House, Senate and signed by the White House this week, as the...
Frozen business
Workers rioted at the factory over non-payment of wages and lengthened work shifts. They vandalised the company's offices and destroyed equipment. Apple has frozen cooperation until the situation is rectified.
Apple&n...
Tesla chief's condition
Elon Musk's fortune rose by $7.6bn to more than $150bn on Friday, putting him back in second place on the list of the world's richest billionaires. Tesla shares hit an all-time high ahead of next week's in...
Securities dispute
Robinhood agreed to settle the dispute with the Securities and Exchange Commission (SEC) out of court, paying $65m. The regulator accused the cryptocurrency-friendly platform of misleading users by claiming tha...
Employees to be laid off around the world
The Coca-Cola Corporation will lay off up to 2,200 employees worldwide, including 1,200 in the US. This was reported by The Wall Street Journal on Thursday.
It is noted that the number o...
Profit growth
Net income for U.S. FedEx Corp (NYSE:FDX). one of the world's largest transportation and logistics companies, soared 119%, or 2.2 times, to $1.226 billion, or $4.55 per share, for the 2nd fiscal quarter ended November 30, up from $560 ...
Asian markets rally
Asia-Pacific stock indices were broadly up on Thursday morning as they continue to wait to see whether the US Congress can come to a consensus on the latest stimulus measures.
Japan's Nikkei 225 index was up 0.09% by 9:56pm ET (...
The company's shares have risen
Apple wants to increase its production in the 1st half of 2021 by 30% compared to the same period in 2020, Nikkei Asia was told. Production growth for Mac computers, including t...
Billionaire capital
Chinese, American and French billionaires were the most successful in a pandemic year.
"The total wealth of Chinese billionaires has grown by 60%, or $750 billion, over the year. The fortu...
20 million was donatived to Mile High United Way by Mackenzie Scott. This is the greatest individual voluntary endowment of a single amount to a single non-profit organization to date.
Scott's contribution is variable and will be spent as part of th...
A significant number of citizens has left New York as pandemic outbreak started. Yet, many others with lower earnings have moved into the city instead, study delivered on Tuesday reveals.
All things considered, the city has lost about 70,000 residen...
Indexes close in the negative
The S&P 500 and Dow Jones indices closed lower on Monday as Walt Disney (NYSE:DIS) shares fell, while Alexion Pharmaceuticals jumped on news of a $39 billion takeover offer from AstraZeneca (LON:AZN), which would be...
NIO shares
NIO took advantage of a 919% increase over the year to raise $2.65bn by selling 68m ADSs, more than originally planned, but at a 7.1% discount to Friday's closing price. Here's what that means for the company and investors.
Chinese elect...
Upcoming events
The news affecting the stock market this week will be the Fed meeting economic forecasts for GDP and unemployment are expected, as well as the release of the government report on US retail sales in Novem...
New version of the strategy
Hyundai shared a news version of its automotive business strategy at an investment forum last Thursday. According to it, electric vehicles, fuel cell powertrains and autonomous driving systems are the news ...
Large BTC outflow
A record daily bitcoin (BTC) outflow from cryptocurrency exchanges is causing optimism that the price of the largest cryptocurrency by market capitalisation will continue its parabolic rise.
Bitcoin has risen more than 1...
Alibaba's company has been fined by Chinese regulators for failing to notify authorities of past acquisitions. In general, the fines for such a company are small and will not cause significant material damage, except for the fact that the company's s...
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