Wed, May 22, 2024

News

Stocks and various factors

Manufacturing Activity in October and Stocks in Asia

It was an interesting day, as stocks in Asia-Pacific saw gains on the day, as China’s manufacturing activity grew in October. Let’s have a look at the stocks to learn more about the situation.  Interestingly, mainland Chinese stocks strengthened their positions on the day. The Shanghai Composite was slightly higher at around 3’225.12. At the …

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night scenic view at Istudio Apple store

Apple One Subscription Service and Interesting Details

Tech giants are working round the clocks to expand its services. It not surprising as there is no lack of products and services. The Cupertino-based tech giant is working hard to offer interesting products as well as services. It is worth mentioning that, Apple One is a bundle that combines services like Apple Music, Apple …

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Chevron gas station sign.

Chevron Posts Profit on Deep Cost Cuts, Better Oil Prices

Chevron Corporation posted a surprise Q3 profit on Friday. Oil prices recovered from spring lows and spending cuts contributed to operating results. Chevron, along with its peers have slashed spending budgets in 2020 on plummeting demand. Moreover, on crude oil prices that remain about 40% below where they began the year.  Royal Dutch Shell Plc …

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Apple and interesting details

Apple’s Fourth Quarter Earnings and Expectations

The coronavirus pandemic created a lot of problems for the companies, and Apple is no exception. It is worth noting that, Apple reported fourth-quarter earnings on Thursday, which slightly surpassed expectations. People should keep in mind that, Cupertino-based company did not offer investors any guidance for the quarter ending in December. Interestingly, iPhone sales fell …

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US Economy

U.S. Economy Grew at its Fastest Pace in the Third Quarter

The world’s largest economy suffered serious losses due to the coronavirus pandemic. Hopefully, the country’s economy surpassed expectations, as the economy grew at its fastest pace ever in the third quarter. As a reminder, the second quarter was really bad. It is worth mentioning that, third-quarter gross domestic product (GDP), a measure of the total …

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Bang & Olufsen and Beolit 20

Bang & Olufsen and its Latest Portable Bluetooth Speaker

Bang & Olufsen is a world-famous company and its new products attract attention from media as well as fans. It is worth mentioning that, its latest portable Bluetooth speaker is the Beolit 20. Interestingly, it is a lunchbox-sized successor to Beolit 17. Importantly, the new speaker comes with a new Qi wireless charging pad that …

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Capital Goods and U.S. economy

Orders for U.S.-Made Capital Goods in September

On Tuesday, the Commerce Department released a report. It is worth noting mentioning that, new orders for key U.S.-made capital goods rose more than expected in September. Let’s have a look at this report to learn more about the situation. Importantly, the outcome of next Tuesday’s hotly contested presidential election could also affect business as …

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Oil refinery at night.

Oil Extends Losses on Renewed Lockdowns, Oversupply Worries

Oil prices declined on Thursday, extending a 5% slump in the previous energy commodities session. Renewed restrictions to curb a second wave of COVID-19 infections and signs of an increasing oil supply glut send prices tumbling. By 0743 GMT, U.S. West Texas Intermediate crude futures fell 8 cents, or 0.21%, to $37.31 a barrel. Brent …

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