It has been a historical day for china’s biggest chipmaker SMIC. Let’s have a look at this historical event. Its shares soared nearly 202% on its first day of trade in Shanghai. The shares sale is an important moment not only for the company but for the domestic semiconductor industry in general. Moreover, the trade …
It was a difficult day for the stocks in the Asia Pacific, investors reacted to the information about the economic data than came from China. Importantly, mainland Chinese stocks led losses among the region’s main markets. The Shanghai Composite fell 4.5% to about 3,210.10. At the same time, the Shenzhen Component dropped 5.372% to end …
China’s Biggest Chipmaker SMIC and its First Day of Trade Read More »
The coronavirus pandemic continues to dominate headlines. This is not surprising as it has created a lot of problems. In other news, this week, Goldman Sachs released information about the second-quarter earnings. Notably, Goldman Sachs generated $2.42 billion in profit or $6.26 a share, while analysts expected a profit of $3.78 a share. Interestingly, the …
Bank’s Biggest Earnings Outperformance in Nearly a Decade Read More »
On Wednesday, New York-based bank released information about the second-quarter earnings. Notably, earnings surpassed expectations as its reliance on trading and investment helped to mitigate problems caused by the coronavirus pandemic. In the second quarter, Goldman Sachs generated $2.42 billion in profit or $6.26 a share. Importantly, this result surpassed expectations. Analysts expected a profit …
Goldman Sachs Reported Better than Expected Results Read More »
JPMorgan Chase is one of the major banks in the country. Moreover, it is the biggest bank in the U.S. in terms of assets. JPMorgan Chase was the first major lender to report earnings for the second quarter. People should remember that JPMorgan Chase is worth closely watching for clues on how the coronavirus pandemic …
On Tuesday, JPMorgan Chase became the first major lender to report earnings for the second quarter that ended in June. Importantly, the bank’s profit for that quarter surpassed analysts’ expectations on record trading revenue, bolstered by surging volatility as well as the Federal Reserve’s actions to boost credit markets. JPMorgan Chase posted earnings of $4.69 …
Biggest U.S. Bank by Assets and its Q2 Earnings Results Read More »
PepsiCo is famous for its products around the world. However, even for this company, the coronavirus pandemic is a serious challenge. Based on the information provided by the company, it decided not to provide an outlook for the fiscal year of 2020 at this time, due to two factors. These were the continued volatility as …
Companies around the world are trying to adapt to the new reality and world-famous company PepsiCo is not an exception. On Monday, the company reported that its quarterly revenue fell as fewer customers bought its drinks at restaurants or convenience stores. The governments implemented various measures to limit the spread of the virus. Hopefully, its …
PepsiCo, its Quarterly Revenue and Coronavirus Pandemic Read More »
It was a tough day for Hong Kong’s Hang Seng index. On Friday, the Hang Seng index fell to 25,727.41. As a reminder, the city suspended all schools starting from this week, due to a recent spike in coronavirus cases. Last week more precisely on Friday, Hong Kong’s Education Bureau announced the suspension of all …
Chinese stocks continued to strengthen their positions for several days in a row. However, mainland Chinese stocks fell on Friday. Moreover, stocks dropped across the Asia Pacific as investors analyzed the situation regarding the growing number of coronavirus cases around the globe. Let’s have a look at the mainland Chinese stocks. The Shanghai Composite dropped …
How Investor Sentiment Affected Stocks Across the Region Read More »
China’s National Bureau of Statistics released information about inflation data for June. According to this information, the producer price index dropped 3% year-on-year. However, that result is lower than expected. Analysts had expected the produced price index to fall by 3.2%. In the meantime, the consumer price index grew by 2.5% compared to the same …
National Bureau of Statistics and Stocks in Asia Read More »
It is worth noting that, China is the world’s largest manufacturing economy and exporter of goods. However, the coronavirus that emerged from the Chinese city of Wuhan, caused serious damage not only for the local but the global economy in general. Investors and analysts are closely monitoring the situation in the country. On Thursday, stocks …
There are numerous factors that have the potential to affect stocks. The coronavirus pandemic is one of them. However, sometimes even one article is enough to boost stocks. For example, on Monday, the Shanghai Composite soared nearly 6% thanks to an article published in the state-owned China Securities Journal. Let’s have a look at this …
It was a positive day for mainland Chinese stocks. Moreover, stocks in mainland China saw robust gains this week, while the Shanghai Composite jumping nearly 6% on Monday. Interestingly, stocks benefited from the article published by the state-owned China Securities Journal. According to this front-page editorial, investors should look forward to the wealth effect of …
Mainland Chinese Stocks and China Securities Journal Read More »
The purpose of “Operation Warp Speed” is to boost access to vaccines and treatments. The U.S. government allocated hundreds of millions of dollars to achieve this goal. Most importantly, the government awarded $1.6 billion as part of this program to Novavax. Authorities are ready to do whatever it takes to cope with the coronavirus pandemic …
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