Articles by: Miroslav Marinoff

Tesla shares fall for a second session in a row on Thursday, drive event for Model 3 exceeds expectations

At a drive event hosted by RBC, Tesla Incs Model 3 received predominantly positive feedback. According to Joseph Spak of RBC, the vehicle felt “like a smaller version of the Model S, but with a fresh view”. Tesla shares closed lower for a second consecutive trading session on Thursday. The stock went down 0.46% ($1.40) […] Read more

General Electric shares close lower on Wednesday, conglomerate signs deals in China worth $3.5 billion

Three aviation and engine deals worth $3.5 billion were reportedly signed between General Electric Company (GE) and its partners in China during US President Trumps visit to Beijing today. General Electric shares closed lower for the 11th time in the past 13 trading sessions on Wednesday. The stock went down 0.45% ($0.09) to $20.12, after […] Read more

FedEx shares close lower on Wednesday, up to 50 freighter planes ordered from ATR

The largest turboprop plane manufacturer globally, ATR, said on Wednesday that FedEx Express had ordered up to 50 72-600F freighter planes. The deliveries are expected to begin in 2020. FedEx shares closed lower for the seventh time in the past eight trading sessions on Wednesday. The stock edged down 0.30% ($0.66) to $220.50, after touching […] Read more

Tesla shares close higher on Tuesday, company to acquire automation equipment manufacturer Perbix

According to a statement by Tesla Inc (TSLA) on Tuesday, an agreement has been reached over the acquisition of Perbix Machine Co Inc, a privately held automation equipment manufacturer, which has also been a supplier for Tesla over the past three years. However, financial details of the deal remained undisclosed. Tesla shares closed higher for […] Read more

Ford shares fall the most in two weeks on Tuesday, vehicle sales in China shrink 5% in October

According to a press release by Ford Motor Company (F), total vehicle sales in China shrank 5% last month to 105 809 units from a year ago. Customer demand remained strong for models such as Mondeo and Kuga during the period, as both nameplates registered double-digit growth compared to October 2016. Ford shares closed lower […] Read more

AMD shares gain the most in four months on Monday, company forms a partnership with Intel to challenge Nvidia

According to a report by Reuters on Monday, a partnership has been formed between rivals Advanced Micro Devices and Intel, aimed to help both companies to compete with Nvidia Corp. Shares of Advanced Micro Devices Inc closed higher for a third consecutive trading session on Monday. It has been the steepest daily surge since July […] Read more

Goldman Sachs shares fall for a second session in a row on Monday, a $5-billion fund to be launched in partnership with China Investment Corp

According to people with knowledge of the matter, who wished to remain anonymous, Goldman Sachs is to launch a $5-billion fund in a partnership with sovereign fund China Investment Corp. The new fund is to invest in companies that operate within the US manufacturing industry. The precise amount, which each side will contribute to the […] Read more

Wells Fargo shares close lower on Friday, group faces litigation related to mortgage, auto loans

According to a filing by Wells Fargo & Company (WFC) with the US Securities and Exchange Commission on Friday, the group is faced with litigation related to sales issues with its auto and mortgage lending. Wells Fargo’s shares closed lower for the second time in the past seven trading sessions on Friday. The stock edged […] Read more

Apple shares hit a fresh all-time high on Friday, company set to reach $1 trillion in market capitalization, analysts say

An increasing number of analysts project a valuation of $1 trillion for Apple Inc (AAPL), after fourth-quarter sales outstripped market expectations and eased concerns surrounding the companys iPhone X. Apples first-quarter revenue forecast also exceeded a consensus of analyst estimates. Apple shares closed higher for a second consecutive trading session on Friday. It has also […] Read more

JP Morgan Chase shares close lower on Friday, group boosts its Greater China equities research team

According to a report by Reuters, citing a senior banker, six new recruits have been added to JP Morgans Greater China equities research team during 2017. The group was also reported to be planning a further expansion into this field next year. JP Morgan Chase shares closed lower for the third time in the past […] Read more