Stocks news

Elon Musk to Buy Twitter

Elon Musk to Buy Twitter

Stocks news
1 year ago

Twitter’s board has unanimously agreed to accept Elon Musk’s purchase offer of around $44 billion, the company said Monday. The deal is expected to close later this year. It has led employees to question the billionaire’s plans f...

Nestle Hikes Food Prices By 5%

Nestle Hikes Food Prices By 5%

Stocks news
1 year ago

Nestlé, the world's biggest food and drinks company, increased prices by more than 5% in the first quarter of 2022 as it passed on rising costs to consumers. North American shoppers were worst affected, facing an 8.5% rise in prices. La...

Tesla Record Profit Surpasses Estimates

Tesla Record Profit Surpasses Estimates

Stocks news
2 years ago

Tesla has posted record profits, overcoming supply chain issues that have troubled the auto industry to blow away Wall Street's company forecast for the first quarter of 2022. The company earned adjusted income of $3.7 billion, much higher tha...

Netflix Stock Plunges after Subscriber Losses

Netflix Stock Plunges after Subscriber Losses

Stocks news
2 years ago

Netflix lost 200,000 subscribers in the first quarter of 2022, sending its stock down as much as 25% in after-hours trading. The company's share price has fallen more than 40% year to date. The bad news did not end there. During its quarterly...

Bank Earnings Signal Tough Times Ahead

Bank Earnings Signal Tough Times Ahead

Stocks news
2 years ago

Some of the biggest US banks saw reduced profits in the first quarter of 2022. Prominent names, like Citi, Goldman Sachs, Morgan Stanley, JPMorgan Chase and Wells Fargo, all announced significant year-on-year profit declines in earnings reports this...

Honda Joins Global Electric Vehicle Race

Honda Joins Global Electric Vehicle Race

Stocks news
2 years ago

Honda is joining the global race for electric vehicle (EV) dominance by announcing an investment of almost $40 billion to electrify its fleet of cars in the next decade. The Japanese automaker’s stock price was unchanged on the Tuesday annou...

Rising Interest Rates Complicating Financial Picture

Rising Interest Rates Complicating Financial Picture

Stocks news
2 years ago

The Federal Reserve's interest rate hikes should boost lending profits for major financial firms in the US. Blue chip banks, like JPMorgan Chase, Wells Fargo and Citigroup, are expected to report first-quarter earnings this week. Investors are...

Global Bond Yields Increase on Inflation Fears

Global Bond Yields Increase on Inflation Fears

Stocks news
2 years ago

Yields in the global bond market spiked on Tuesday as investors braced for the inflationary impacts of the war in Ukraine, with central banks expected to begin aggressive monetary tightening moves. The yield on 10-year Australian notes jumped eigh...

Defense Stocks on the Rise Amid Russia Conflict

Defense Stocks on the Rise Amid Russia Conflict

Stocks news
2 years ago

No matter when the conflict in the Ukraine comes to an end, analysts are convinced we have entered into a period of increased defense spending. The STOXX Europe Total Market Aerospace and Defense Index has risen 5% this year. Meanwhile, the S&...

Investors Jittery Despite Solid Earnings

Investors Jittery Despite Solid Earnings

Stocks news
2 years ago

Positive corporate earnings data is pouring into Wall Street, but it is not doing much to calm the nerves of investors who are fixated on increasing inflation, the Fed’s next move, and events in Ukraine. Earnings growth for S&P 500 compa...

Asian Stocks Welcome US Tech Stock Rally

Asian Stocks Welcome US Tech Stock Rally

Stocks news
2 years ago

Major Asian shares held firm this week after a strong showing from tech stocks on Wall Street. All three main Wall Street indexes closed higher, with tech stocks, including Apple and Microsoft, showing gains. The MSCI Emerging Market Index, coveri...

Meta Networks Suffers Market Cap Rout

Meta Networks Suffers Market Cap Rout

Stocks news
2 years ago

Facebook’s parent company, Meta Networks, suffered an unprecedented market cap rout in last week’s trading. After reporting disappointing quarterly results, the company lost an eye-watering $251 billion worth of value in a day’s...

Asian Markets End the Year Mixed

Asian Markets End the Year Mixed

Stocks news
2 years ago

Asian stock markets showed mixed performance in trading from the last week of the year. With Omicron still looming over many countries, investors were listless. Although the Omicron variant is proving to be less deadly than previous strains, recor...

US Stocks Rally as Omicron Fears Recede

US Stocks Rally as Omicron Fears Recede

Stocks news
2 years ago

Early data showing that the Omicron variant is not as serious as previous strains led to a rush of positive trading on Wall Street this Thursday. The S&P 500 was close to its record high from late November. Buoyed by positive gains from stocks...

Omicron Puts the Skids on the Global Economy

Omicron Puts the Skids on the Global Economy

Stocks news
2 years ago

Fears over the growing threat of the COVID-19 Omicron variant have started to creep into stock market performances around the world. After Monday’s trading, the Dow Jones fell by 1.2%, continuing a downward trend that saw it lose 1.5% last w...

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