Thu, March 28, 2024

Stock Markets

The Nasdaq website on mobile phone shows upward trend

Technology Firms on NASDAQ List Report Impressive Earnings

There is nothing that can make life more convenient than technology. Frontrunners in the Nasdaq list pulled companies upward while Wall Street’s other two indices went down. Standard and Poor’s 500 fell by 12.22 points or 0.38%, to 3,426.22. However, it was up by 4.71% on month to date. The Dow 30 has gained 1.94% …

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stock market, Asian stocks

European Index Firms Closed on Chaos

The second quarter of the year has not been the most fruitful for European stock index firms. London’s FTSE 100 ended flat while the pan-continental STOXX 600’s, with 60% of constituents tradeing lower, slipped by 1.6%. Similarly, Germany’s DAX 30 fell by 0.10%, while France’s CAC 40 climbed 0.60%. Europe’s three best performing sectors include …

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Starbucks

Starbucks and Fiscal Third-Quarter Results

It was a tough quarter for the global coffee chain, as its same-store sales fell by 40% due to the coronavirus pandemic. Starbucks released information about its fiscal third-quarter results. Nevertheless, the company appears optimistic about the future. Interestingly, Starbucks decided to raise the outlook for its adjusted earnings for the fiscal fourth quarter. The …

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Boeing in the second quarter

Boeing Lost $2.4 Billion in the Second Quarter

The aviation industry suffered serious losses due to the coronavirus pandemic. As one can see from the information provided by Boeing, it struggled to cope with problems in the second quarter. For instance, the losses per share reached $4.79 vs the expected $2.54. Furthermore, the company’s revenue compared to the second quarter of 2019 fell …

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Boeing in the second quarter

World-Famous Aircraft Manufacturer Boeing and Wall Street

Companies are trying to adapt to the everchanging environment to avoid a worst-case scenario. This makes sense, as the coronavirus pandemic created a lot of problems, even for the major companies. World-famous company Boeing was struggling to deal with their problems even before the coronavirus reached the U.S. However, the pandemic created additional pressure on …

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NASDAQ 100 on keyboard..

Major US Index Up, Tech Stock Firms Drive Market to Gains

It’s a bright tech day to start the week. Despite many US stock companies falling below sustainable levels, major stock index firms soar to new highs. Thanks to tech giants driving the market to an increase after two straight days of unpleasant blows. Big tech companies in the NASDAQ-100 propelled the increase as fear for …

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eBay and its classified ads business

E-Commerce Corporation eBay and its Classified Ads Business

Famous American e-commerce corporation eBay made the decision to sell its classified ads business to Norwegian group Adevinta. Importantly, Adevinta will pay $9.2 billion for eBay’s classified ads business, creating the world’s largest classified ads group. It is worth mentioning that eBay will receive $2.5 billion in cash as well as 540 million shares of …

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Stocks and various challenges

Mainland Chinese Stocks Fell Due to Ongoing Situation

Tensions between the U.S. and China continue to affect stocks. This is worrying, as tensions between the two largest economies in the world represent a serious issue. Investors are closely monitoring the situation to learn more about the severity of the problem. On Friday, not only mainland Chinese stocks but stocks the whole Asia Pacific …

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South Korea and its economy

Asia’s Fourth-Largest Economy and Stocks

Recently, the Bank of Korea released advanced estimates regarding the country’s gross domestic product (GDP). Interestingly, stocks were mixed on July 23. Based on this data, growth declined by 3.3% in the second quarter of 2020. Consequently, compared to the first quarter, this number increased from 2.9% to 3.3%. Importantly, exports fell by 16.6% due …

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United and second-quarter results

United Airlines, Second-Quarter Results, and Plans

One of the world’s largest airlines released information about their second quarter. Quite unfortunately for them, during that second quarter, United Airlines lost $1.63 billion. As a reminder, last year, in the second quarter, the Chicago-based carrier generated profit. Unfortunately, its revenue dropped to $1.48 billion in the second quarter, this would the quarter ending …

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Airline industry and coronavirus pandemic

World’s One of the Largest Airlines Lost $1.63 Billion

It is not a secret that due to the coronavirus pandemic, airlines all over the world suffered serious losses, and the world’s one of the largest airlines is not an exception. This week, United Airlines released information about the second quarter. Unfortunately, during the second quarter, the carrier lost $1.63 billion. For example, last year …

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Coca-Cola and interesting details

Coronavirus Pandemic and its Impact on Coca-Cola

The coronavirus pandemic continues to affect the companies. They are working hard to minimize the damage caused by the coronavirus pandemic. As can be seen from the example of Coca-Cola, it won’t be easy to return to pre-COVID 19 levels. It is worth mentioning that, beverage giant reported its largest decline in quarterly revenue in …

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