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
The stock price of Alphabet plummeted at the start of the day's trading due to the company revealing its new AI platform. Namely, the AI failed to answer questions correctly in an advertisement, which resulted in the stock drop of more than 5.50%.
Last night, three top US companies Apple, Alphabet and Amazon have published their quarterly earnings results. In general, all companies have missed earnings and revenue estimates, which were already reduced due ongoing decline of consumer demand. Apple missed earnings per share by 3.03%. Earnings came in at $1.88 instead of expected $1.939. Total revenues were below expectations by 3.44%. The company
The stock price of the Facebook owner Meta soared at the start of the day's trading, the surge was attributed to the company announcing a $40 billion stock buyback and the CEO of the company announcing a "Year of Efficiency". Meanwhile, the company's profits have fallen from $10.29 billion to $4.65 billion and earnings per share are down to $1.76
At the start of the day's trading, the stock price for Tesla jumped by nearly 10.00%. The stock price started the day at $158.37, compared to the previous close of $144.44. The boost of the stock price occurred due to the quarterly earnings results that were released after Wednesday's market close. The company had beaten its earnings forecast by
The stock price of Microsoft dropped below $235.00 at the start of the day's trading, as a 3.30% decline occurred. The move was caused by the company revealing its quarterly results and future outlook, which has disappointed the financial markets.
The CEO of Tesla and owner of Twitter Elon Musk has revealed a $3.6 billion sale of Tesla stock. The latest sale of shares has brought the total sold amount to $40 billion. The stock price of Tesla was expected to start the day's trading with a gap down of almost 3.00%, as pre-market deals had occurred below the
The stock price of Microsoft surged at the start of the day's trading, despite a broad stock sell off taking place. The company's share price reacted to the US FTC banned the Microsoft's $69 billion acquisition of Activision Blizzard. During the first fifteen minutes of the day's trading the stock price gained almost 2.00% and had surged above
At the start of the days US trading, the stock price for Tesla declined by 3.00%. The stock price reacted to a report about production cuts in China. It has been reported by Bloomberg news agency that Tesla has decreased its Model Y output in Shanghai by 20%, compared to November levels. The company has not responded to the reports.