During today's trading session, the price for US Natural Gas has plummeted more than 10.00%, as the price reached the $2.30 mark. The today's drop is another extension of the broad decline that started after the pair touched the $3.64 level in late October. Since the event, the price has decreased by 37.05% over the span of six
The stock price of Advanced Micro Devices has jumped 2.80% or $3.28 during the pre-market hours and is expected to continue to surge due to announcements made by the company last night. AMD has launched a new generation MI300 AI chip that is set to compete with NVidia's top processors. Meanwhile, the company expects that its data centre AI
After the US stock market closed on Tuesday, NVidia published the company's third quarter financial results. In general, the company has beaten expectations. However, concerns regarding future sales in Asia persist. The company was expected to have made earnings per share of $3.367, but the actual earnings were 19.40% higher at $4.02. Meanwhile, the total revenues of the company
The stock price of PayPal is set to start the day's trading with a gap up of 6.88% or $3.55. The move has been caused by the quarterly earnings release. PayPal has reported earnings per share of $1.30 instead of forecast $1.229, which is an increase of 5.79%. Meanwhile, total Revenue has increased by just 0.44%. However, these results were
The quarterly earnings publication of AMD has caused a 8.13% surge of the company's stock price. Although, the Q3 results have not been that spectacular, compared to expectations. The company beat the earnings per share forecast by 3.02% and the total revenues by 1.77%. The surge could be attributed to the fact that prior to the earnings report the stock had
British Petroleum has reported its third quarter financial results. The markets expected the company to have earned $4.0 billion. However, the actual earnings were $3.3 billion. The company suffered due to weak results in the gas sector and a write off of its major US wind project. Namely, gas prices declined during the last quarter, which impacted income. However, the
The stock price of Amazon is jumping from the Thursday's closing price of $119.66 up to $126.22 at the start of Friday's US trading. The reason for the jumps is the fact that the company has reported quarterly earnings per share that are higher than expected by more than 60.00%. EPS were expected to reach $0.585. Actual released number is
The stock price of Volkswagen has dropped more than 3.00% during Monday's trading due to the company reducing its annual profit margin outlook. Volkswagen has announced that due to its blunder in raw material price hedging it expects a return on sales of 7.0-7.3%. The new margins are a downgrade from the precious 7.5%-8.5%. Meanwhile, the company expects the previously
Crude oil prices are reacting to the United States tightening Russian crude oil export restrictions. The new rules have caused an expectations of reduced global supply. Starting from 18:00 GMT up to 11:00 GMT, the crude oil price benchmarks reversed their direction and gained nearly 5.00%. At mid-Friday, US light crude traded near the 85.00 mark and Brent crude was
Natural gas, oil and other energy resource prices plummeted on Wednesday. The decline was attributed to Exxon securing the deal to buy its rival Pioneer for a total of $60 billion. It is expected that the reduction of overhead costs is set to reduce final prices for all Exxon products and alternative energy sources. US crude oil prices declined as
The stock price of LVHM has plummeted more than 6.00% at the start of Wednesday's European trading. The French luxury group's stock trades at a low level not observed since December. The drop was caused by low sales volumes in the third quarter of 2023.
The events that unfolded during the weekend in Israel and Gaza have caused a major impact on the financial markets, as soon as trading had resumed. The Israeli currency hit an 8-year low. Oil prices surged. The price for gold and other safe haven assets started to rise. The USD/ILS currency rate experienced a fall of the Israeli currency due to
On Wednesday, October 4, crude oil prices declined by more than $5.00. Both US light crude oil and UK Brent crude oil prices have broken their ascending channel patterns. The breaking of the patterns occurred due to US data indicating weak demand for gasoline. The US Energy Information Administration was the catalyst of the price drop, as it reported that
Due to the release of the Nike quarterly financial results, the stock price of the company started Friday's trading with a gap up of 10.72%. However, the higher opening was followed by a step decline. The stock price had ended Thursday's trading at $89.64. Friday's trading started at the $99.25 level. However, by 15:45 GMT, the equity price had
Recently, the stock price of Apple has declined due to a string of bad news. Namely, China has increased restrictions on iPhone use and researches have found spyware on Apple devices. China increases iPhone restrictions - The Chinese government has increased its curbs on use of iPhone by government employees. Namely, employees have been forbidden to use phones at work. Researchers
The 3M Company has agreed to settle nearly 260,000 lawsuits from military service members that have suffered hearing loss due to the 3M Combat Arms earplugs. The case is set to be settled by paying out $6 billion over the span of next five years. Due to the fact that the markets expected the settlement amounts to reach up
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.