People across the U.S. heard about the JPMorgan Chase. Interestingly, JPMorgan Chase posted a third-quarter profit of $9.44 billion or $2.99 per share. Moreover, the firm generated revenue of $29.94 billion and this result surpassed expectations. Interestingly, JPMorgan Chase is the bank by assets. Importantly, rather than building loan-loss reserves as it had done in …
The aviation industry suffered losses due to the coronavirus pandemic, as for several months international air travel all but disappeared in most countries. This week, Delta Air Lines posted another multibillion-dollar net loss after the coronavirus pandemic affected what is usually a peak summer travel period. Hopefully, travelers not only in the U.S. but in …
Delta Lost Billions of Dollars in the Third Quarter Read More »
The coronavirus pandemic continues to continue to dominate the headlines, but there are other issues as well. Interestingly, stocks in Asia-Pacific mostly advanced on October 12, with investors monitoring the currency of the world’s second-largest economy. Importantly, mainland Chinese stocks were among the biggest gainers in the region. For example, Shanghai Composite added 2.64% to …
Stocks in Asia-Pacific, Investors, and Chinese Yuan Read More »
The week-long holiday in China that started on October 1 ended on October 8. Interestingly, mainland Chinese stocks saw gains on the day. For example, the Shanghai Composite added 1.68% to about 3’272.08. At the same time, the Shenzhen Component jumped 2.958% to around 13’289.26. According to a private survey, services sector activity in China …
Mainland Chinese Stocks on the First Day after Holidays Read More »
It was a positive day for stocks in the Asia-Pacific, as most of them saw gains on the day. Interestingly, shares of Samsung Electronics fell on October 8, and shares of China’s largest chipmaker SMI dropped 1.5%. Let’s have a look at the stocks in Asia-Pacific before discussing the shares of famous companies. In …
Shares of Samsung Electronics and SMIC on October 8 Read More »
Two days ago shares of Levi Strauss & Co jumped more than 9% after the American clothing company reported online sales growth of 52%. This factor helped offset losses elsewhere in the business during the fiscal third quarter. The company’s management expects strong performance will continue into the holiday quarter. However, management expects sales to …
There are numerous factors that have the potential to affect stocks. For example, the Reserve Bank of Australia made the decision to keep its current policy settings on hold. Interestingly, stocks in the Asia Pacific saw gains on the day thanks to this decision. Notably, Hong Kong’s Hang Seng index gained 0.9% on the day …
Asia-Pacific Stocks and Australia’s Central Bank Read More »
U.S. President Donald Trump was transferred to the Walter Reed National Military Medical Center on Friday. Investors are closely monitoring the situation to learn more about Trump’s health. Interestingly, shares of oil companies in Asia-Pacific were mixed on Monday. For example, in Australia Beach Energy added 5.6% and Santos advanced 4.71%. Also, Japan’s Inpex …
President Donald Trump and first lady Melania Trump tested posited on coronavirus, this news had a dramatic impact on U.S. stock futures. Importantly, Dow futures dropped on October 2. Moreover, futures tied to the Dow Jones Industrial Average lost 400 points or 1.5%. Notably, the move indicated an opening loss of about 410 points. Also, …
U.S. Stock Futures Fell Due to Trump’s Positive Test Read More »
It was not a typical day for the stocks in Asia-Pacific, markets in China, Hong Kong, South Korea, as well as Taiwan were closed on October 1 for holidays. It is worth noting that, Japan’s Tokyo Stock Exchange (TSE) halted trading on the first day of October. Based on the information provided by the Japan …
On Wednesday, several factors affected stocks in the Asia Pacific, as investors reacted to the release of Chinese economic data. Moreover, the first U.S. presidential debate also dominated the headlines. It is worth mentioning that, mainland Chinese stocks were mixed on the last day of September. For example, the Shanghai Composite dropped 0.2% to about …
How Stocks Reacted to Presidential Debate and Economic Data Read More »
It was a tough day for the Asia-Pacific markets. Interestingly, markets were mixed on the last day of September, as investors reacted to the release of China’s manufacturing activity data for September. Another factor was the first U.S. presidential debate. The Shanghai Composite fell 0.2% to about 3’218.05. At the same time, the Shenzhen …
Manufacturing Activity, Presidential Debate, and Investors Read More »
It is no secret that K-pop short for Korean pop is popular not only in South Korea but in other countries as well. It is worth mentioning that, all members of the famous K-pop group BTS are set to become multi-millionaires. Importantly, their label Big Hit Entertainment goes public in less than a month. Consequently, …
South Korea’s Largest Initial Public Offering in Three Years Read More »
Singers have the opportunity to make a lot of money in many countries. Interestingly, K-pop short for Korean pop is a genre of popular music. This genre originated in South Korea. Members of K-pop group BTS are set to become multi-millionaires. As a reminder, their label Big Hit Entertainment goes public in October. As a …
The relations between the world’s largest economies are quite complex. Moreover, it is hard to determine how long, it would take to solve all issues. Importantly, the U.S. decided to impose restrictions on exports on the Chinese chipmaker SMIC due to risks of military use. According to the company, it has no ties with the …
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