The Chairman of the US Federal Reserve Jerome Powell has just caused a US Dollar's surge. The head of the central bank has hosted a speech at the Jackson Hole Symposium revealing future monetary policy. The central bank is sticking to its 2.00% inflation target. The Federal Reserve sees room for more tightening. Interest rates are expected to be increased
The share price of NVidia has jumped 5.21% or $24.52 at the market open. The surge was caused by the company smashing its earnings expectations and announcing a $25 billion share buyback. The results were boosted by the ongoing global AI boom that has caused a major demand for semiconductors. Due to the news, various analysts have started to increase their
Amazon has published its second quarter results and third quarter forecasts. The company has rvealed that its cloud sales remain resilient and shopping trends are boosting earnings. The news caused an almost 10.00% surge of the company's stock price during pre-market hours. Shares were expected to start Friday's NYSE trading at $141.37, which would mark a 9.60% gain.
Despite beating earnings expectations in the second quarter of 2023, Apple has reported bad news. The company has revealed that it expects sales to continue to decline in the third quarter of the year. This would mark a fourth quarter of sales decline. The news caused an immediate decline of the stock in the aftermarket trading. On Friday, August 04,
In the first quarter of 2023, Toyota Motor Corporation has managed to double its quarterly profit due to larger productivity and sales. In addition, the company's profits have increased due to the weak Japanese Yen, as costs are paid out in Yen, but most income is in foreign currency. The news have caused a 2.30% jump of the company's stock
The owner of Facebook released its quarterly financial results after Wednesday's market close. Good results have caused a surge of the stock price in Thursday's pre-market trading of $25.00 or 8.50%. The company has reported increases of both revenue and costs. However, the end balance reveals an increased net income of 16% and growth of earnings per share of 21%.
The stock price of Alphabet has started the day's New York trading with a gap up of 6.43% or $7.86. The surge of the company's value was caused by the company reporting better than expected second-quarter profit. Profits were boosted by steady demand for cloud services and a recovery in advertising. Moreover, some analysts noted that the company has
The aero-engineering company Rolls-Royce has beat its first-half-year earnings expectations and has increased 2023 profit forecast by 45%. The announcement caused a 24.00% surge of the company's stock price. In addition, the stock has reached highest levels since March 2020. The company's earnings have been boosted by operational improvements, recovery of long range aero flights and increased global military spending.
RTX Corporation, which previously was known as Raytheon Technologies Corporation, has revealed that a major portion of its Pratt & Whitney GTF engines require removals and inspections. The engines are used in the Airbus A320neo jets. The announcement caused a stock price drop of more than 15.50% during the first half hour of the day's New York stock trading
The Hong Kong Hang Seng stock index has jumped more than 5.00% during Tuesday's trading. The move was attributed to the Chinese government announcing that it would increase its pace of policy adjustments that are aimed at stimulating the economy. The new measures are set to increase domestic demand, raise consumer confidence and prevent economic risks.
On Sunday, Tesla announced that the company had delivered 466,000 vehicles in the second quarter of 2023. The market consensus was that the carmaker would deliver around 445,000 cars. Market commentators indicate that the company managed to sell more cars due to decreasing prices. The news caused a surge of the stock price during Monday's pre-market hours. The shares
The stock price of Hennes & Mauritz AB were surging during Thursday's trading, as the company reported that a long standing inventory build-up had ended. By 12:00 GMT, the stock price of the retailer had surged by 27.45 SEK or 17.47%. The CEO of the company Helena Helmersson has revealed that H&M has made progress in reducing inventory and
The stock price of NVidia has started the day's trading with a 26.08% or $79.68 gap up. The price action was caused by the company's last night's earnings release. NVidia beat earnings and revenue forecasts despite total earnings decreasing more than ten percent. Earnings per share were forecast to be at $0.924 and total revenue $6.532 billion. The actual numbers
The US Federal Trade Commission has been reportedly preparing to block Amgen's acquisition of Horizon Therapeutics. The potential deal was valued at $27.8 billion. As a result of the announcement, the stocks of both companies became highly volatile. Horizon Therapeutics plummeted 17.61%. Amgen stock experienced a dip down of more than 1.00%.
The stock price of Facebook owner Meta has jumped $31.23 or 14.93% in US pre-market opening trading. The jump of the equity was caused by better than expected quarterly financial results. Meta reported earnings per share at $2.20 instead of expected $2.021 which is a beat of 8.86%. Meanwhile, total revenues were higher by 3.53% than the forecasts. In addition, note
Microsoft published its quarterly results after Tuesday's trading hours. The company has revealed stunning results, which caused the stock to trade up 8.37% at $298.72, before Wednesday's open. The stock price has reached levels not seen since April 2022. In general, the company has beat its quarterly revenue and profit expectations. Namely, earnings are 9.42% and revenues are 3.60% higher
The stock price of Nestle has spiked almost 2.00% due to the publication of the company's quarterly financial results. The company appears to be resilient against inflation, as it has hiked its product prices by 9.8%. However, as sales volumes have decreased, the company has experienced a -0.5% decline of what it calls real internal growth.
The stock price of Tesla started the day's trading with a -8.70% gap down to $164.85. The stock drop was caused by the company's earnings revealing that the company's gross profit margins have reached a two year low level. Margins have been decreasing due to the company cutting prices on its models and competing with other electric vehicle makers.
The stock price of First Citizens BancShares opened the day's trading by 49% higher than the Friday's close. The stock price started the day at $868.27, compared to Friday's $581.80. The surge occurred due to the bank announcing that it would buy out the Silicon Valley Bank deposits and loans from the Federal Deposit Insurance Corporation. The markets appear to
The stock price of Deutsche Bank has plummeted, as the insurance costs for a possible default of the bank have surged. By 10:00 GMT on Friday, the stock price of the company on the German stock exchanges had lost 14.54%.
The stock price of Block Inc has plummeted from the prior close of $72.65 down below $60.00 at the start of the day's trading. The stock dropped due to Hindenburg research revealing that the fund is shorting the company's stock and would soon release its research on it.
The stock price of Credit Suisse has reached a new record low level, as the biggest backer of the bank has announced that he can no longer increase its stake in the bank. The Chairman of the Saudi National Bank Ammar Al Khudairy stated on Wednesday that an increasing of the stake in Credit Suisse would bring their holding above
Credit Suisse Group has reported its worst yearly loss since the 2008 financial crisis. In addition, the bank has warned that it expects losses to continue into 2023. During the recent months the bank has been involved in one scandal after another and suffered outflows of nearly $120 billion. On the announcement, the company's stock price declined almost 12.00%, compared
The tobacco company's stock price declined by as much as 6.45% on during today's early trading due to a company announcement. British American Tobacco has revealed that it expects a smaller increase in earnings in 2023 than previously expected. No share buybacks are planned, despite recent rumours of an upcoming buyback. In addition, the company pledged to sell off its business