According to Wedbush’s calculations, Tesla has made roughly $1 billion over the last month. Dan Ives, an analyst of Wedbush, believes that Tesla is on a trajectory to make more from its Bitcoin investments than profits from selling cars. Tesla Inc. TSLA caused a sensation earlier this month. It became the most well-known significant corporation …
Tesla’s bitcoin investment is competing car sales Read More »
Major players in the GameStop stock frenzy destabilized Wall Street in late January. They told skeptical US lawmakers that their financial strategies are legal and in line with common trading activity on Thursday. The US House Committee on Financial Services held a virtual hearing to shed light on this fever that hit the New York …
Hedge fund bosses face irate questions in GameStop hearing Read More »
The European shares opted for caution after rising without much energy in the opening. The negative sentiment has predominated in the Asian markets, where investors have taken profits, and the falls in Wall Street futures dragged the Asian indices. Only the German Dax manages to trade with slight gains, but the rest registered small decreases. …
The Japan Stock Market closed lower on Wednesday. Declines in the paper and pulp, rail and bus, and real estate sectors drove the indices down. At the close in Tokyo, the Nikkei 225 lost 0.58%. The best performers of the Nikkei 225 were Mitsui Engineering & Shipbuilding (T: 7003). The Japanese company rose 10.61% or …
Lunar New Year is a very important holiday for hundreds of millions of people in China and abroad. It was a really good day for cinema stocks listed in Hong Kong. However, before discussing this topic, let’s have a look at the stocks in Asia-Pacific. Interestingly, stocks in Asia-Pacific saw gains on the day as …
Hong Kong-listed Cinema Stocks and Lunar New Year Read More »
It is worth noting that, stocks in Asia-Pacific strengthened their positions on February 15, with multiple markets in North Asia closed for the Lunar New Year holidays. Let’s start with Nikkei 225. In Japan, the Nikkei 225 exceeded the 30,000 level for the first time in more than 30 years. Importantly, it added 1.91% on …
Nikkei 225 Surpassed 30,000 for the First Time in Decades Read More »
Lunar New Year is one of the most important holidays for millions of people across Asia and beyond. Usually, millions of people celebrate Lunar New Year with their families. Many of them travel to their home provinces to spend time with their loved ones. Interestingly, stocks in Australia, as well as Japan, declined on Friday …
On Thursday, PepsiCo reported fourth-quarter earnings, and let’s have a look at the details. Interestingly, the company surpassed expectations fueled by pandemic snacking and higher sales of drinks like Gatorade Zero as well as Bubly sparkling water. Pepsi is one most recognizable brands in the world. It is worth noting that, on the heels of …
It was not an easy period for carmakers. However, General Motors reported fourth-quarter earnings that surpassed Wall Street expectations. Nevertheless, the automaker warned that a global semiconductor chip shortage could cut its earnings by $2 billion in 2021. It is worth noting that, carmakers, as well as parts suppliers, began warning of the shortage in …
General Motors Exceeded Wall Street Expectations Read More »
It was an interesting day, as stocks in Asia-Pacific mostly advanced on February 9 with mainland Chinese stocks leading gains. However, European stocks closed slightly lower on Tuesday as the rally that’s seen global stocks nudging to record highs appeared to be cooling. It is worth noting that, the benchmark Shanghai Composite added 2.01% to …
The Mondays started wonderfully got stock-index futures as they rose y, indicating major benchmarks would build on their strongest week since November. What are major benchmarks up to now? The Dow Jones Industrial Average YM00, 0.44%, rose 141 points or 0.5%. Meanwhile S&P 500 shares ES00, 0.40% riled up 155 points, or 0.4%. NASDAQ-100 …
Stocks point to the biggest weekly rise since November Read More »
BNP Paribas is one of the major banks not only in France but around the world as well. This French bank has a rich history. Interestingly, the world’s one of the largest banks reported earnings. It is worth mentioning that, BNP Paribas surpassed expectations. Importantly, the bank reported a net income of 1.59 billion euros …
World’s One of the Largest Banks and its Results in the Q4 Read More »
South Korea has one of the largest economies in Asia but after the Korean War, the country was struggling to deal with challenges. However, in several decades once-poor country became an economic powerhouse. It was a good day for South Korean carmakers. However, before discussing shares of Hyundai and Kia, let’s have a look at …
Many companies are struggling to avoid the worst-case scenario. However, Amazon is not one of them. Interestingly, Amazon delivered its largest quarter by revenue of all time at $125.56 billion. The revenue surpassed the symbolic $100 billion mark for the first time. It is worth noting that, Amazon Web Services CEO Andy Jassy will replace …
Tech Giant Amazon Surpassed Expectations in the Q4 Read More »
Pfizer was a famous company even before the coronavirus. However, the coronavirus pandemic made this company even more popular around the world. Based on the information provided by the company, it expects to sell about $15 billion in coronavirus vaccine doses in 2021. Pfizer announced in releasing its fourth-quarter earnings on February 2. It worth …
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