News

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Thu, 04 Feb 2021 11:14:35 GMT

European stock indices surge

During Thursday's European trading hours, European stock indices surged and extended a four day rally.

Thu, 04 Feb 2021 09:59:29 GMT

Robinhood to allow investors to buy shares

Online trading app Robinhood announced on Wednesday that it would allow investors and traders to purchase shares of GameStop and AMC Entertainment.

Thu, 04 Feb 2021 08:09:01 GMT

McKinsey to pay $573M in settlement

According to source knowledge of the matter, McKinsey & Co has agreed to pay $573M to settle claims over their role in the opioid epidemic crisis.

Thu, 04 Feb 2021 07:00:31 GMT

Parler's board fires CEO

The Chief Executive Officer of the social media platform Parler John Matze said on Wednesday that he was fired by the company's board.

Thu, 04 Feb 2021 05:53:34 GMT

Yellen to meet with top financial regulators

The US Treasury Department announced on Wednesday that Janet Yellen, the Treasury Secretary, would meet with the heads of financial market regulators on February 4.

Thu, 04 Feb 2021 05:41:27 GMT

Ford Motor halts EV plans with Zotye

Ford Motor has made a decision to terminate its plans to form electric car joint ventures together with the Chinese firm Zotye Automobile, according to the US auto giant's statement made on Thursday.

Thu, 04 Feb 2021 05:02:15 GMT

PayPal beats quarterly profit estimates

PayPal Holdings topped Wall Street's forecasts for quarterly profit, driven by the coronavirus-related shift to digital transactions and online shopping that boosted annual and quarterly payment volumes to record levels.

Thu, 04 Feb 2021 04:35:26 GMT

Qualcomm shares fall amid weaker sales

On Wednesday, Qualcomm's shares dropped 7.6%, as the company's semiconductor supply constraints affected its sales growth.

Wed, 03 Feb 2021 22:11:49 GMT

Microsoft reaches all-time high

During Wednesday's US trading hours, the stock price of Microsoft reached a new all-time high.

Wed, 03 Feb 2021 20:45:52 GMT

Daimler plans new listing

Daimler announced on Wednesday that the company would evaluate a separate stock for Daimler Truck.

Wed, 03 Feb 2021 19:45:35 GMT

Amazon stock trades flat

On Wednesday, the gains in the stock price of Amazon were muted by the announcement of the CEO Jeff Bezos moving on to the position of the Chairman.

Wed, 03 Feb 2021 18:42:58 GMT

US services sector recovers

Data published by the Institute of Supply Management on Wednesday revealed that the US services sector activity had reached a two-year high level.

Wed, 03 Feb 2021 17:42:10 GMT

US Dollar consolidates

On Wednesday, the surge of the US Dollar paused, as the US Dollar Index appeared to have encountered resistance at 91.30.

Wed, 03 Feb 2021 17:10:01 GMT

Oil prices reach high level

During Wednesday's US trading hours, crude oil prices reached a one year high level, as OPEC+ revealed that it expects a deficit in the oil markets in 2021.

Wed, 03 Feb 2021 15:54:50 GMT

Alphabet stock jumps

As Alphabet announced their quarterly earnings, the stock price of the company started Wednesday's trading with a 7.74% gap up.

Wed, 03 Feb 2021 15:01:44 GMT

Mazda to trim global vehicle production

Mazda Motor is thinking over cutting its global car production by 34K vehicles within February and March amid chip shortage.

Wed, 03 Feb 2021 14:16:31 GMT

Sony lifts outlook in higher demand

Japan's Sony has lifted its full-year profit forecast by one-third due to robust demand for its entertainment products and content, driven by the coronavirus-related global lockdowns.

Wed, 03 Feb 2021 12:56:06 GMT

Ant Group plans restructuring

Ant Group is planning a restructuring after reaching an agreement on the plan with China's regulators, in a move that will turn the fintech giant into the financial holding group, according to Bloomberg News.

Wed, 03 Feb 2021 11:44:19 GMT

Amazon breaks high level

During Tuesday's US trading, as Amazon announced earnings, the stock price of the company broke past a three month high level, which kept the price down since the start of November.

Wed, 03 Feb 2021 10:56:58 GMT

Mazda cuts production output

On Wednesday, Mazda announced that it would decrease its vehicle output by 34,000 in February and March.

Wed, 03 Feb 2021 10:01:15 GMT

Tencent blacklists 37 firms over bribery

On Wednesday, Tencent Holdings blacklisted 37 companies from its future contracts and fired over 100 employees over bribery and embezzlement incidents.

Wed, 03 Feb 2021 08:45:58 GMT

Lenovo Q3 results top estimates

China's Lenovo Group posted record revenue and profit in its Q3 on Wednesday, driven by strong demand for its devices during the coronavirus-related lockdown that prompted people to work remotely.

Wed, 03 Feb 2021 06:18:01 GMT

GameStop shares decline

On Tuesday, shares of GameStop edged lower, as buying spree led by retailer investors diminished.

Wed, 03 Feb 2021 05:04:38 GMT

Amazon agrees to pay $61.7M in settlement

According to the US Federal Trade Commission, Amazon.com has agreed to pay over $61.7M in settlement to Amazon Flex drivers.

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