Articles by: Miroslav Marinoff

McDonald’s shares touch a fresh all-time high on Wednesday, company’s office in Seoul raided in relation with burger investigation

McDonald’s office in Seoul was reported to have been raided yesterday in relation with a burger probe. Yonhap News Agency reported a number of complaints that involved children feeling ill, following the consumption of allegedly undercooked hamburger patties. A spokesperson for McDonald’s Korea confirmed the raid. McDonald’s shares closed higher for a second consecutive trading […] Read more

JP Morgan Chase shares hit a fresh all-time high on Wednesday, bank announces the acquisition of payments start-up WePay

JP Morgan said earlier this week that it would acquire payments start-up WePay. However, no financial details of the deal have so far been revealed by the two entities. This would be JP Morgan’s first major purchase of a financial technology company. JP Morgan Chase shares closed higher for the second time in the past […] Read more

Johnson & Johnson shares hit a fresh all-time high on Tuesday as third-quarter earnings beat estimates, full-year forecast revised up

Johnson & Johnsons third-quarter earnings, reported yesterday, outstripped market expectations, supported by strong performance at the companys pharmaceuticals segment. J&J also revised up its full-year earnings forecast due to potentially stronger demand for its new cancer drugs. Johnson & Johnson shares closed higher for the eleventh time in the past thirteen trading sessions on Tuesday. […] Read more

General Motors shares fall for a second session in a row on Tuesday, company to test level 4 vehicles in New York next year

According to a statement by New York Governor Andrew Cuomo, General Motors Company (GM) intends to test fully autonomous vehicles in the state early next year. The tests are to be conducted in Manhattan and will include two-person crews – an engineer sitting in the drivers seat who will evaluate the vehicle’s performance, and another […] Read more

Netflix shares hit a fresh all-time high on Monday on upbeat third-quarter subscriber growth

Shares of Netflix Inc (NFLX) reached a fresh record-high level yesterday, as third-quarter subscriber growth outstripped market expectations. Netflix shares closed higher for a third consecutive trading session on Monday. The stock went up 1.60% ($3.19) to $202.68, after touching an intraday high at $202.83 and also a fresh all-time high. After-hours trade saw the […] Read more

Wells Fargo shares close higher on Monday, bank ordered to return $3.4 million to brokerage customers

On Monday Wells Fargo & Company (WFC) was reported to have been ordered by the Financial Industry Regulatory Authority (FINRA) to return $3.4 million to clients in relation with the sale of high-risk investment products that were not suitable for their profile. Wells Fargo shares rebounded during the trading session on Monday, following the sharp […] Read more

Tesla shares close lower on Friday, about 400 employees fired during the past week

According to a post by Reuters on Friday, citing a former Tesla employee, the luxury electric car maker fired approximately 400 employees during the past week. The main reason behind dismissals was performance, Tesla said in an emailed statement. Tesla shares closed lower for the third time in the past eleven trading sessions on Friday. […] Read more

Amazon shares gain for a third session in a row on Friday, company to open new distribution center in Bolton

According to a statement by Amazon.com Inc (AMZN) on Friday, it intends to open a new distribution center in Bolton, England, next year, as the company continues to expand in the UK, its third-largest market outside North America. The center is to ensure 1 200 new full-time job positions, while advanced robotics technology is to […] Read more

Wells Fargo shares close lower on Thursday, Mike Roemer appointed as new Chief Compliance Officer

Wells Fargo & Company (WFC) was reported to have appointed Mike Roemer as the groups new Chief Compliance Officer, who is expected to take charge in January. Roemer is to replace interim CCO Kevin Oden, who assumed the post in June, taking over from Yvette Clark. Wells Fargo shares closed lower for the third time […] Read more

General Motors shares fall the most in five weeks on Thursday, auto maker plans production cuts, lay-offs at Detroit facility

According to a report by the Wall Street Journal, citing people with knowledge of the situation, production at General Motors’ assembly plant in Detroit is to be scaled back, while approximately 1 500 workers – laid off. However, the auto maker refused to comment on the matter. General Motors shares closed lower for a second […] Read more