June 1, 2020 2:28 pm
Amid the protests that spread across the US and the simmering Sino-US tensions, Wall Street futures remained steady in Monday trading. This being said, the protests against police brutality and racism caused a drop in the shares of some companies that were forced to close stores or adjust their working hours. Target’s shares declined 2% […]
Read moreJune 1, 2020 10:10 am
European shares increased on Monday as hopes for economic recovery were restored. Investors were relieved after President Trump’s warnings towards China were not as harsh as everyone expected. This led to a 1% jump of the STOXX 600 Index in early Monday trading, with a potential for a three-month high for European shares. The Italian […]
Read moreMay 29, 2020 2:07 pm
Sonoma Pharmaceuticals’ shares almost tripled in premarket trading Friday. The huge jump is due to the latest news surrounding one of the company’s products. Sonoma Pharmaceuticals, along with MicroSafe Group, developed the Nanocyn disinfectant and sanitizer, which was added to the Australian Register of Therapeutic Goods (ARTG) and can be used against COVID-19. In premarket […]
Read moreMay 29, 2020 12:08 pm
Friday was JDE Peet’s stock market debut and the company’s shares surged 13%. Investors were impressed by the coffee retailer’s IPO, which was one of the few high debuts on the stock market during the coronavirus pandemic. JDE Peet’s is the owner of brands like Douwe Egberts, Peet’s Coffee and Jacobs and its shares were […]
Read moreMay 29, 2020 6:46 am
On Thursday, General Electric’s shares dropped 3.2%, following the warnings of bigger cash burn for the second quarter of 2020. The CEO of the company, Larry Culp, stated at an investors conference that the aviation division of General Electric was severely damaged due to the pandemic crisis. This is why it came as no surprise […]
Read moreMay 28, 2020 1:08 pm
The social media stocks will be one of the investors’ main focuses in Thursday trading. Following President Trump’s statement for signing an executive order against social media companies, Twitter’s stock declined 2.7% in premarket trading. The executive order is due to be signed on Thursday and it targets social media companies like Twitter and Facebook. […]
Read moreMay 28, 2020 8:08 am
Wall Street stocks rose in Wednesday trading, with the financial and industrial sectors leading the jump in shares. JPMorgan Chase & Co. was among the top performers on Wednesday, with shares going up 4%. Bank stocks surged significantly as investors were motivated by the hope for recovery that sprung up after businesses started reopening. In […]
Read moreMay 27, 2020 12:49 pm
On Wednesday, the European stocks rose as investors hoped that the European Union would soon introduce a massive stimulus recovery plan. Airlines ranked as the top performers in Wednesday trading and the Stoxx Europe 600 Index rose 0.3% to 350.21. The shares of the Anglo-Spanish airline company, International Airlines Group (IAG), jumped 5%. Meanwhile, TUI […]
Read moreMay 27, 2020 8:09 am
Sanofi’s shares closed lower in Tuesday trading despite the recent deal for selling its shares in the U.S. biotechnology company Regeneron. Sanofi will earn about $13 billion after selling a huge part of its 20.6% stake in Regeneron. Despite that, the company’s shares dropped 1% on Tuesday, along with other healthcare companies’ stocks. On Monday, […]
Read moreMay 26, 2020 1:20 pm
After the holidays in the U.K., the European travel stocks rose on Tuesday as Spain decided to welcome foreign tourists. The multinational travel and tourism company, TUI Group, was also among the best performers with shares surging 35%. The investors were motivated by TUI’s update on resuming flights at the end of June. As the […]
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