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 moreJune 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 moreJune 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 moreJune 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 moreJune 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 moreJune 18, 2020 7:48 am
Shares in Zoom reached an all-time high on Tuesday, trading at more than $242 per share at the close. On Wednesday, however, the stock dipped 2% to close at $236.76. Despite the decline on Wednesday, the Zoom stock is still up almost 250% compared to its value for the previous year. On Wednesday, the company […]
Read moreJune 17, 2020 12:51 pm
Shares in Boohoo surged in Wednesday trading after it announced its intention to acquire the fashion brands Oasis and Warehouse. The online fashion company’s stock rose 10% in early trading hours, marking a record high of 433.50 pence. The online retailer gained popularity while the pandemic forced many land-based stores to close. To expand its […]
Read moreJune 17, 2020 8:01 am
US stocks closed higher on Tuesday after retail companies were among the top gainers. Nordstrom was one of the top performers in Tuesday trading, with shares surging 15.2%. As many states began to lift lockdown restrictions, Nordstrom announced the reopening of all of its Washington stores. One of the reasons for the good performance of […]
Read moreJune 16, 2020 12:54 pm
Shares in iQIYI jumped 35% in Tuesday trading after it was reported that Tencent Holdings Ltd. plans to become the biggest shareholder in the video streaming company. The trading volume of iQIYI increased to 1.9 million shares, which made it the most active stock before the beginning of the trading session. According to people who […]
Read moreJune 16, 2020 7:53 am
US stocks were declining in Monday trading as the fear of a second COVID-19 wave increased. Cruise operators were some of the worst performers, with shares in Carnival Corporation leading the way by dropping 2.7%. Over the weekend, 22 states in the US reported an increased number of coronavirus cases. In addition to that, the […]
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