The cost of goods is increasing
Cleaner and razor manufacturer Tide and Gillette announced that it will begin increasing the price of beauty, oral hygiene and personal care products such as razors. This price increase will be achieved with an increa...
New Devices
On 18 October Apple (AAPL) at a presentation called Unleashed announced its new high-performance MacBook Pro laptops, a new generation of AirPods headphones and unveiled the HomePod Mini smart speaker in a variety of ...
Schedule for the week
Shares of Tesla, Intel, Netflix, IBM and Johnson & Johnson could change this week, influenced by the release of Q3 earnings and revenue reports.
It will be a busy week in the US stock market a...
Charges of perjury
Five members of a US congressional committee have suspected Amazon executives, including Jeff Bezos, of giving false testimony at hearings in 2019 and 2020. The Wall Street Journal reported this on Mo...
Friday trading
US stock indices rallied on Friday as investors absorbed Goldman Sachs' sharp gain and an unexpected rise in retail sales. The Dow Jones Industrial Average jumped 207 points, or 0.59%, while the S&P 500 and Nasdaq Composite indice...
Approval from the SEC
Although dozens of companies, such as VanEck and Fidelity, have applied to the Securities and Exchange Commission to create the first bitcoin ETF, none have yet received approval.
Instead, the SEC...
Rising indices
US stock indices rose on Thursday as major banks released strong quarterly results and jobless claims fell to the lowest level of the COVID-19 pandemic. The Dow Jones Industrial Average rose 418 points, or 1.22%, while the S&P 500...
Shares rise on report backdrop
Shares of major US banks Bank of America (BAC), Morgan Stanley (MS), Wells Fargo (WFC) and Citigroup (C) rose at the premarket after the release of Q3 2021 reports. Banks' earnings and profits beat Wall Street expectat...
Stimulus cut
Fed minutes on September showed that if the US economic recovery continues at current levels, the central bank will start cutting bond purchases by 15 billion a month from...
Company report
JPMorgan Chase (JPM) was the first major bank to report Q3 earnings and profits, its performance largely reflecting the state of the US economy and the strength of the financial markets.
JPMorgan Chase (JPM), the largest US bank by m...
Policy tightening
The IMF slightly lowered its forecasts for global GDP growth and US GDP pointed out that the current rise in inflation is causing "high uncertainty". The IMF called on central banks ...
New data centres around the world
Oracle (ORCL) plans to open 14 data centres over the next year, the fastest growth of any major cloud company. Oracle shares have risen 47.3% since the start of the ...
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 ...
Tesla in Berlin
The Tesla factory in Berlin opened its doors to visitors on Saturday. CEO Elon Musk gave a speech, announcing plans to produce 5,000 to 10,000 cars a day, the timing of the launch of battery production, and the ch...
Faster than Tesla
Xpeng Motors (XPEV), a Chinese electric car startup, has reached the milestone of 100,000 cars produced in six years twice as fast as market leader Tesla. Xpeng models are cheaper than their ...
Comic-Con is back
Fans of comic books and superhero movies returned to the Javits Center in New York on Thursday. Comic-Con, which was a virtual event due to the Covid virus last year, has returned to the Big Apple once again.
Participants expresse...
Moving to Austin
Last May, Elon Musk, frustrated by increasingly draconian management in California, threatened to move Tesla's headquarters to Texas. A month later, Tesla was in talks to build its huge new plant outside Austin. By December Musk him...
US jobs below expectations
The US economy added a record low number of new jobs outside agriculture in September since the start of 2021, with the unemployment rate falling t...
Increase in national debt
The Senate on Thursday approved a bill that raises the US national debt limit by $480 billion, but this funding will be exhausted by 3 December. A long-term bill is due to be decided in Decembe...
New features
Shares in Pinterest (PINS) rose 2.5 per cent on the pre-market Thursday after the company announced it was adding new features to encourage shopping on its platform.
On Wednesday, Pinterest (PINS) announced the launch of its new market...
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