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Lufthansa shares plummet as biggest shareholder opposes €9 billion bailout

June 22, 2020 10:05 am
Shares in Lufthansa dropped 5.7% in Monday trading as the biggest shareholder in the company disagreed with the terms of a €9 billion ($10 billion) bailout. If the rescue plan fails, this will put the biggest airline in Europe in serious danger of collapsing. This week is expected to be one of the most important […] Read more

Marathon Petroleum shares gain, company to sell Speedway gas stations

June 19, 2020 1:54 pm
Shares in Marathon Petroleum surged 8% in premarket Friday trading, following the successful trading session of the previous day. The reason for the interest in the stock was the news about Marathon Petroleum’s potential sale of Speedway gas stations. The company was in talks for the sale of the gas unit earlier this year but […] Read more

Spotify shares surge after deal with Warner Bros. and DC

June 19, 2020 8:59 am
Shares in Spotify Technology gained 12.7% in Thursday trading. The reason for the jump is the news for exclusive Warner Bros. and DC podcasts launching on the streaming platform. For a certain period, Spotify will be the only streaming service that will allow users to stream scripted podcasts with iconic DC and Warner Bros. characters. […] Read more

United States Steel shares slump after forecast for second-quarter losses

June 18, 2020 2:44 pm
Shares in United States Steel Corp. declined 14% in premarket Thursday trading. The reason for that was the company’s forecast for second-quarter losses that surpassed analysts’ expectations. Early on Monday, the company announced its decision to sell 50 million common shares. This number, however, can increase to 57 million common shares if there is bigger […] Read more

Kawasaki Kisen Kaisha shares surge while Japan stocks close lower

June 18, 2020 10:06 am
Thursday was not that successful for Japan stocks as there was a significant decline in sectors like Paper & Pulp, Railway & Bus and Real Estate. The Nikkei 225 dropped 0.45% on Thursday, with falling stocks outnumbering those that gained. Despite the decline in Japanese shares, one of the best performers in the trading session […] Read more

Norwegian Cruise Line shares drop, company extends voyage suspensions

June 17, 2020 2:53 pm
Shares in Norwegian Cruise Line declined 7.2% in Wednesday premarket trading. The reason for the company’s slump was the extension of the cruise suspension period. On early Tuesday evening, the cruise company announced that its Norwegian, Oceania and Regent voyages will not be resumed until the end of September. The suspended cruises include sailings that […] Read more

HSBC stock gains, company to shed about 35,000 workers

June 17, 2020 9:46 am
The British bank, HSBC, was on focus in Wednesday trading after it announced plans to lay off about 35,000 of its employees. The shares in the company gained 1% in the early hours of Wednesday trading. The banking institution was planning to shed a significant number of workers before the huge coronavirus outbreak. Now, as […] Read more

Genius Brands stock declines despite big gain on Monday

June 16, 2020 2:43 pm
While Monday was a successful day for Genius Brands, the company’s shares dropped 11.1% to $1.14 in premarket Tuesday. On Monday, it was reported that Arnold Schwarzenegger made a deal to become an investor in the entertainment company. Genius Brands also launched its new Kartoon Channel! on various major streaming platforms, including Amazon Prime, Apple […] Read more

Yamaha Motor shares rise as Japan stocks close higher on Tuesday

June 16, 2020 9:47 am
Japan stocks traded higher on Tuesday, with sectors like Paper & Pulp, Railway & Bus and Real Estate leading the way. The Nikkei 225 was the best-performing index among all Asian stocks and it gained 4.88% at the close of the trading session. Yamaha Motor was one of the stocks that gained the most, with […] Read more

Moderna shares surge, company in talks to sell vaccine to Israel

June 15, 2020 2:49 pm
US stocks were trading lower in premarket Monday as fears for a second pandemic wave increased. Despite that, shares in Moderna surged 4% in premarket trading. After it was announced that Israel is in talks to purchase an mRNA vaccine that is being tested by Moderna, the shares of the company gained in Monday trading. […] Read more