The economy of Australia was growing for decades. However, bushfires, as well as the coronavirus pandemic, caused serious damage to the local economy. Consequently, the country’s economy fell into its first recession in nearly 30 years. Based on the information provided by the Australian Bureau of Statistics, the country’s gross domestic product (GDP) fell 7% …
State of the Australian Economy and Stocks on September 2 Read More »
It is not a secret that companies around the world suffered heavy losses due to the coronavirus pandemic. However, Zoom Video Communications was able not only to deal with the pandemic but to generate profit as well. Notably, due to restrictions, millions of people spent most of their time at home for several months. Consequently, …
Impact of Coronavirus on the Zoom Video Communications Read More »
On Monday, Zoom Video Communications reported their second-quarter fiscal earnings. Interestingly, second-quarter earnings surpassed expectations. Also, the company raised its full-year guidance. People should take into consideration that, Zoom’s market cap now stands at more than $129 billion. As a result, the San Jose-based company is now larger than IBM as well as AMD. …
Last week, the prime minister of Japan, Shinzo Abe made the decision to leave his post due to worsening health. However, he would serve as the prime minister until the next leader is appointed. This decision affected stocks on Friday. Japanese stocks saw gains on the day. The Nikkei 225 gained 1.12% to close at …
Manufacturing PMI for August, Politics, and Stocks Read More »
Stocks in the Asia Pacific were mixed on the last day of August. Interestingly, Japanese stocks led gains among the region’s markets. It is worth noting that, investors are closely monitoring the political situation in the country. Interestingly, mainland Chinese stocks fell on Monday. The Shanghai Composite dropped 0.24% to about 3’395.68. At the same time, the …
Japan’s Longstanding Prime Minister and Stocks in Asia Read More »
Apple is a famous company around the world. People all over the world have at least some knowledge about the company. This month more precisely on August 19, the U.S. tech giant reached a market cap of $2 trillion. As a result, Apple became the first publicly traded U.S. company to reach this result. Interestingly, …
U.S. Tech Giant Apple and its Market Capitalization Read More »
Salesforce is a famous American cloud-based software company based in San Francisco. This week, the company reported fiscal second-quarter earnings that exceeded expectations. Interestingly, the S&P Dow Jones Indices made the decision to replace Exxon Mobil with Salesforce in the 30-stock Dow Jones Industrial Average on August 31. Let’s have a look at the results. …
Salesforce Reported Better Than Expected Results Read More »
Mainland Chinese stocks led losses among the region’s major markets. Interestingly, it was a good day for Alibaba however, as its shares rose 4.16% on Wednesday. Let’s have a look at the stocks in the Asia Pacific. The Shanghai Composite fell 1.3% to close at about 3’329.74. At the same time, the Shenzhen Component dropped …
Shares of Alibaba Listed on the Hong Kong Stock Exchange Read More »
It was a positive day for the major Asian airlines. Shares of China Eastern Airlines jumped 4% and shares of China Southern Airlines added 5.19% in Hong Kong. Furthermore, shares of ANA Holdings gained 7.18%. Moreover, in Singapore, shares of Singapore Airlines rose 3.26%. As a reminder, two days ago U.S. Trade Representative Robert Lighthizer …
Stocks in the Asia Pacific mostly strengthened their positions on August 25. It is worth noting that South Korea’s stocks led gains among the region’s major markets. Kospi index added 1.58% to close at 2,366.73. Moreover, Japanese stocks strengthened their positions on Tuesday. The Nikkei 225 gained 1.35% to 23,296.77. At the same time, the …
Stocks in Asia, Phase One Deal and Coronavirus Treatment Read More »
The U.S. stock index remained quite resilient since Friday. Also, supported by positive economic data, it reached new records. However, trading volume was low, and some experts noticed that the rally remains dependent on a few large-capitalization technology names. The S&P 500 posted another record close after its most extended series of wins since the …
Major U.S. stock indexes finished Tuesday for the most part on record highs. Despite the never-ending debate in Congress over further COVID-19 aids, worries about how the economy will fare when a raft of fiscal stimulus eventually burns off do not stop. The S&P 500 scored a new record close on Tuesday, setting another high-water …
On August 12, a ridesharing company, Lyft, reported its second-quarter earnings. It is worth mentioning that the revenue in the second quarter fell by 61% in comparison to the same period of time last year. According to the president and co-founder of Lyft, John Zimmer, the company may need to suspend its ride-hailing operations in …
Ridesharing Company Lyft Reported Second-Quarter Earnings Read More »
Stocks in the Asia Pacific mostly traded higher on Friday. However, investors are closely monitoring the situation related to the coronavirus stimulus bill. Importantly, investors remained cautious after lawmakers in the U.S. seemed unable to reach a coronavirus stimulus bill. In Japan, the Nikkei 225 gained 0.17% to 23,289.36. At the same time, the Topix …
This week, Tencent released information for the second quarter of 2020. As a reminder, the Chinese tech giant is the owner of WeChat. It is worth mentioning that, U.S. President Donald Trump signed an executive order that prohibits any transaction related to WeChat. The executive order comes into effect in September. However, analysts don’t think …
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