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T-Mobile shares decline after SoftBank announces stock sale plans

June 23, 2020 2:43 pm
Shares in T-Mobile dropped 1.50% in premarket Tuesday after SoftBank decided to sell its stock in the mobile telecommunication company. On Tuesday, the Japanese tech company announced its intention to sell more than 198 million shares in T-Mobile. The shares that SoftBank plans to shed roughly amount to $21 billion. The offering is part of […] Read more

Bayer stock gains, company close to glyphosate settlement

June 23, 2020 12:49 pm
Shares in Bayer AG surged 1.6% in Tuesday trading following the news of the court denying California the request for Bayer to label its weed killer, Roundup, with a cancer warning. The German pharmaceutical company is close to reaching a settlement that amounts to $8-$10 billion in a lawsuit over Bayer’s glyphosate-based weed killer. After […] Read more

Microsoft shares gain amid partnership with Facebook

June 23, 2020 9:47 am
Shares in Microsoft Corporation reached all-time highs in Monday trading. The company’s stock gained 2.78%, or 5.42, to trade at 200.57. The technology giant announced that it will close its streaming service Mixer on July 22 and it will team up with Facebook Gaming. The news about the change in partners would mean that all […] Read more

Nike shares trade higher ahead of company’s earnings report

June 23, 2020 7:59 am
US stocks closed higher on Monday, with Nike being one of the top performers. The shares in the company surged 3.89%, or 3.73 points, to close at 99.51 on Monday. The reason for the gain is the upcoming Nike earnings report scheduled for Thursday. Investors believe that Nike could reach an all-time high, with predictions […] Read more

American Airlines shares decline, company to raise $3.5 billion

June 22, 2020 12:44 pm
Shares in American Airlines Group Inc. dropped 5.8% in premarket trading as the company announced its new financing strategy to raise $3.5 billion. The company needs this funding to handle the losses that came after the travel bans imposed during the coronavirus pandemic. The airline shared its plans to raise $1.5 billion by selling shares […] Read more

Apple shares decline as company closes reopened stores

June 22, 2020 7:58 am
On Friday, stocks in Apple Inc. dropped as the company announced the closing down of its stores in four states. The locations that the company decided to close again include 6 stores in Arizona, 2 in Florida, 2 in North Carolina and 1 located in South Carolina. Although Apple has recently reopened its stores, it […] Read more

BMW shares jump, company to lay off 6,000 workers

June 19, 2020 11:53 am
Shares in BMW gained 1% in Friday trading after the company reached an agreement with employee representatives to continue with its redundancy plan. The German carmaker announced that it will shed 6,000 workers in Germany. This measure is taken to cut losses which the company sustained due to the low demand and the lockdowns during […] Read more

Hertz shares decline after it terminates $500 million shares offering

June 19, 2020 6:53 am
Shares in Hertz declined 10% in Thursday trading after the company terminated its share offering for $500 million. The reason for the retrieval of the stock sale is the Securities and Exchange Commission’s disapproval of the deal. After the company announced bankruptcy, the shares in Hertz enjoyed a strong rally last month. To make the […] Read more

Wirecard stock drops as company delays annual report again

June 18, 2020 12:54 pm
Shares in Wirecard plummeted as much as 65% on Thursday after the company postponed its annual report for the third time. The huge decline marked a three-year low and the reason for the most recent delay is the fact that auditors were not able to track about €1.9 billion ($2.1 billion) in cash. The payment […] Read more