On Thursday, Pfizer Inc. reported its quarterly results but did not change the sales forecast for the year of its COVID-19 antiviral treatment and vaccine. This saw the company’s shares record losses of 5% before they managed to trim some of them. Pfizer report Even though the sales of Pfizer’s Paxlovid antiviral pills for the […]
On Thursday, US stock indexes rallied, while Treasury yields declined for the third consecutive day, as investors were weighing data showing a decline in the US economy for the second quarter in a row, a day after the US Federal Reserve hiked the interest rate. Dollar movements and data Along with Treasury yields declining, the […]
On Thursday, solar stocks rose after Senator Joe Manchin and Chuck Schumer, the Senate Majority Leader, announced that they had reached a deal on climate spending. The said deal is the most ambitious package on climate spending to be seen in the history of the United States. Big relief There is an amount of $369 […]
On Wednesday, European shares came close to seven-week highs, thanks to a series of strong earnings results from companies. This included Smurfit Kappa from Britain and Russian-exposed lending company UniCredit, which helped give some comfort in an uncertain and bleak environment. Shares rise The pan-European STOXX 600 index rose 0.5% for the day, with a […]
On Tuesday, Shopify announced that it was going to reduce its global workforce by 10%, which means it would lay off about 1,000 workers. The shares of the company plunged 14% after the announcement. Laying off workforce The chief executive of Shopify, Tobi Lutke, sent a memo to the staff in which he acknowledge that […]
On Friday, a gauge of world stocks recorded declines to end the week lower, after having recorded gains for five sessions in a row. Meanwhile, the US dollar also declined against a basket of major currencies because the US business activity data turned out soft. Heavy declines Early trading had seen modest losses on Wall […]
On Friday, the Japanese yen rose, while the country’s stocks lost most of their gains after reports said that Shinzo Abe, the former Prime Minister of Japan, had been shot and was gravely injured. Fumio Kishida, the current Prime Minister, said that the former premier was in critical condition and had condemned the attack harshly. […]
According to data, the Canadian dollar is not expected to gain as much ground in the coming year as previously expected because the demand for safe-haven currencies like the US dollar has gone up, thanks to the growing risks of a global economic slowdown. Canadian currency strengthening The forecast had indicated that there would be […]
Li Auto, one of the major Chinese electric car manufacturers has made an announcement in regards to its future plans. The EV maker has announced that it plans on raising a total of $2 billion and it aims to do it through investors from the United States. Li Auto to Raise $2 Billion from Stock […]
On Wednesday, European shares rose after the strike in Norway of oil and gas workers came to an end, thereby easing worries about energy supplies. A 15.5% rise in the shares of Just Eat Takeaway.com was also recorded thanks to Amazon’s announcement about buying a 2% stake in its floundering Grubhub business. Index gains There […]
On Wednesday, global indexes saw stocks edge lower for the most part, while Treasury yields eased, as investors were taking in the comments of Jerome Powell, the Chairman of the US Federal Reserve. He said that while there was certainly a risk of the economy slowing down too much because of aggressive hikes in interest […]
On Tuesday, shares in the Asia-Pacific region climbed higher, as investors were weighing the economic concerns. Most indexes record gains The Hang Seng index in Hong Kong had been trading at a loss but rose 0.7% in the last hour of trading. There was also a 0.73% gain in the Hang Seng Tech index. On […]
On Monday, European shares rose to a high of two weeks, thanks to mining stocks as China lifted COVID-19 curbs, which gave global commodities a lift and also eased fears of inflation. Meanwhile, Prosus’ plans of trimming its stake in Tencent saw the Dutch company’s stock rally. Index records gains There was a 1.1% gain […]
On Monday, volatile trading pushed global indexes higher, for the most part, allowing them to extend the sharp gains recorded in the previous week. Meanwhile, there was also a rise in Treasury yields and oil prices. Oil records gains After the rout seen in the previous week, oil finally managed to climb up, as investors […]
In recent weeks, the borrowing and lending spaces within the cryptocurrency industry have come under the microscope of regulators. These spaces have undergone scrutiny in recent months and the reason behind the growing pressure is the sell-off observed in the crypto-verse. Now, the investors and users within the cryptocurrency industry want to know exactly how […]
On Friday, there was a 2.6% rise in European stocks, which helped them enter positive territory. The week saw investors moving into riskier assets, as they began to scale back on bets of central bank tightening. Best Session for Indexes The STOXX 600 index of European countries recorded its best session in over three months. […]
A look at the trading price of Celsius (CEL) from June 19 until now shows that it has undergone a significant surge. It can be seen from the performance graph that the trading price of CEL has increased 4X times since June 19. Many analysts are predicting that the rise in the trading price of […]
On Monday, shares in Asia-Pacific remained mixed, as investors were keeping an eye on the reaction of the market to the announcement of the latest benchmark rates in China. Losses in the Markets The losses in the major markets of the region were led by the Kospi index in South Korea that shed 2.04% and […]
Global markets are quaking and investors have become rattled due to worsening expectations about how aggressively central banks would have to tighten their respective monetary policies in order to stave off the surging inflation. Monetary Authorities Turn Aggressive In recent days, global monetary authorities have made some eye-catching moves that have people and markets rattled. […]
Briefly- The Hamm Family non-binding acquisition application saw Continental Resources gaining 8%. The Hamm Family pays $70 to buy outstanding shares. Hamm Family sent a proposal recently. Continental Resources Inc. shares gained 8% following the announcement that its directors received an offer from Harold Hamm to buy its outstanding common shares, not in Hamm Family […]
