The stock price of Snap plummeted at the start of the day's trading, as the company reported that it expects zero revenue growth in the current quarter. The news impacted all social media stock prices, as YouTube owner Alphabet, Meta Platforms and Twitter stocks declined from 1.70% up to 9.2%.
AB Volvo has revealed that despite higher earnings in the third quarter of 2022, the company is experiencing a rise in material costs and disruptions of supply. The announcement caused a 6.10% or 10.78 SEK decline of the company's share price.
The US Dollar has reached above a new benchmark level against the Japanese Yen. During the day's morning hours, the rate shortly traded above the 150.00 level. The event marks a new level for the ongoing depreciation of the Yen. The Japanese Yen has continued to lose value against peer currencies despite the Bank of Japan efforts to stop it. The
The stock price of Netflix surged more than 15.00% during the first 30 minutes of the day's US trading due to better than expected quarterly earnings report. The company reported earnings per share of $3.10 instead of market expected $2.14. Meanwhile, the company's total revenue increased by only 1.12%.
The stock price of the Japanese multinational conglomerate Toshiba jumped on Thursday by 8.05% or 412 JPY. A consortium of private equity firms has announced that it seeks to buy out shares for a total value of $19 billion. The news agency Kyodo has revealed that the total premium for the buyout stock amounts to 26%, compared to Wednesday's
The electric vehicle maker Tesla has revealed third quarter results. Due to logistics issues for the company it has delivered less vehicles than the market expected. Markets expected 359,162 new cars to reach their drivers, compared to the actual number of 343,830. The company's stock price reacted to the news with an immediate drop at the start of the day's
The stock price of FedEx plummeted 23.25% during Friday's trading. This is the company's biggest price drop ever. However, by Monday's 17:45 GMT, the shares had staged a recovery of 4.82%. The decline occurred, as the CEO of the Company Raj Subramaniam stated to CNBC that the company expects a global recession, as demand for shipping has been tumbling in
As the day's US trading started, the stock price of Take-Two Interactive Software declined by 2.04%. The drop occurred due to the leaking of early footage of Grand Theft Auto VI during the weekend. The leak included dozens of videos revealing gunplay, driving and robberies. Bloomberg has confirmed the leak as authentic.
Crude oil prices have reacted to the oil producing country cartel OPEC+ announcing that they would decrease their output targets by 100,000 barrels per day. Namely, the global supply of oil is going to be reduced. The markets took in the news, as crude price surged. Brent oil gained nearly 4.00% and Light crude 2.50%.UPDATE 07.09.2022.Despite the OPEC+ production
Lululemon stock price surged at the start of the day's trading by 11.50% or $33.84. The reason for the surge was the earnings announcement of the athletic apparel company. Earnings per share beat expectations by 18.20% and total revenue was higher than expected by 5.43%.
Snap has revealed that it would cancel various projects and reduce up to 20% of its staff in an effort to cut costs. The markets reacted to the news, as the stock price of the company surged nearly 14.00%, prior to retracing and giving up half of the gains.
The stock price of Zoom Video Communications started the day with an opening 13.20% below the previous market closing price. Namely, a drop from $97.49 down to $84.62 occurred. The reason for the event was the publication of the company's quarterly results. Despite beating earnings per share by 10.51%, the total revenue of the company failed to meet expectations. In general,
Prior to Tuesday's US trading start, Nvidia announced that the company expects its second quarter revenues to decrease by 19.00%, compared to the previous quarter. The decline of income has been caused by a 44.00% drop in the gaming sector. The company's stock reacted to the news with an opening at $175.40, which is 7.21% lower than the Friday's closing
The British multinational communications, advertising, public relations, technology, and commerce holding company WPP has released its second quarter earnings results. The quarterly results missed market expectations During the first two hours of London trading the stock price lost 8.17% or 72.8 GBP. The company has missed its earnings per share estimate by 2.12%, but the major hit to the stock occurred
Uber has announced that for the first time ever the company had managed to turn its cash flow positive. The stock price of the company jumped 16.51% at the start of trading at 13:30 GMT.
The stock price of Carnival Cruises has suffered a major drop, as during European trading hours on the London stock exchange the stock price plummeted 5.80%. The decline was caused by the management of the company announcing a new share issue. Namely, the company is raising cash to cover its liabilities each time the stock price surges by issuing
On Tuesday, July 19, the stock price of EDF jumped by 15.00% at the start of the day's European trading. The surge was caused by news that the French government would buy out the debt ridden company for a total of 9.7 billions Euro. In the meantime, note that the stock has been recovering, as talks of an upcoming buyout
On Tuesday, the stock price of FedEx surged by 14.18% or $28.52. The surge occurred due to the company making an announcement prior to the US market opening. The parcel delivery firm added two new directors to its board and raised its quarterly dividend by 50.00%. Namely, as the yield of holding the stock surged, its value immediately adjusted. In
At the start of Monday's trading, the stock price of Twitter plummeted 5.20% or $2.08. The start of trading with a gap down was caused by Elon Musk requesting more information from Twitter about fake accounts and being denied the info. As a result the potential buyer stated that he might not acquire the firm unless the information is
At the start of Thursday's US trading hours, Microsoft stock plummeted 3.88% or 10.55 USD, as the company lowered its 2022 profit forecast. In general, the company revealed that it is suffering majorly due to the high value of the US Dollar. Namely, its services export unit is charging outside the US its clients in other currencies, which are
During the pre-market hours the stock price of Target plummeted by nearly 25.00%. The drop was caused by the company reporting that its quarterly profits had decreased by half, compared the previous quarter. CEO of the company Brian Cornell stated that the company's profits suffered due to rising fuel prices and a decline in consumer demand.
At the start of Wednesday's US trading hours, the stock price of Netflix dropped nearly 30.00%. The drop was caused by the quarterly earnings report, which revealed a decline in subscriptions, increase in costs and an expectation of further subscriber decrease. In the aftermath of the initial drop, the price was approaching the 2018 low level at 233.63.
As the French food company Danone published better than forecast quarterly earnings, the stock price of the firm started a surge. By the middle of Wednesday's trading, the stock price had gained almost 10.00%. The company's quarterly sales increased by 7.10%, compared to a market forecast of 5.50%. The company also announced that despite ongoing increase in food prices it would
On Monday, the Bank of Japan was the cause of an all-out decline of the value of the Japanese Yen. The USD/JPY surged more than 150 base points or 1.20% during Monday's first half of trading. The central bank decreased its economic forecasts for eight out of nine regional economies. The Governor of the Bank Haruhiko Kuroda stated that the