Articles by: Miroslav Marinoff

Tesla shares gain for a second session in a row on Monday, CEO Musk tweets pictures of the first Model 3 sedan to come off assembly line

On July 9th Tesla Incs Chief Executive, Elon Musk, published on Twitter pictures of the first Model 3 sedan to come off the assembly line. Musk also tweeted that board member Ira Ehrenpreis had been the first to make a $1 000 deposit on the Model 3, while gifting the vehicle to Teslas CEO for […] Read more

Goldman Sachs shares close higher on Monday, $27 billion in outflows from Goldman Sachs Asset Management reported by the FT

According to a post by the Financial Times, citing Morningstar data, an estimated $26.7 billion have been pulled by investors from Goldman Sachs Asset Management’s mutual funds so far this year. This ranked Goldman Sachs as the worst-selling fund manager worldwide. Goldman Sachs shares closed higher for the third time in the past five trading […] Read more

Amazon shares close higher on Friday, Amazon Prime members in the United States reach 85 million

The number of Amazon Prime members in the United States had expanded to 85 million, the latest report by Consumer Intelligence Research Partners showed. That figure represents approximately 63% of all local users on the site. Amazon shares closed higher for the second time in the past six trading sessions on Friday. The stock went […] Read more

Lockheed Martin shares gain the most in seven weeks on Friday, company receives $5.6 billion as an interim payment for its F-35 program

According to a July 7th statement by the US Department of Defense, Lockheed Martin Corporation (LMT) received an interim payment of $5.6 billion in order to fund the 11th set of 141 F-35 aircraft, which are to be supplied to the United States and its allies. This way Lockheed is enabled to continue with its […] Read more

Microsoft shares close lower on Thursday, company to reduce workforce by 3 000 to focus on Azure

As reported by CNBC, Microsoft Corporation (MSFT) intends to reduce its workforce by 3 000, with the majority of cuts expected to occur in sales, due to restructuring efforts and a shift of the tech companys focus towards the Azure cloud platform. Microsoft shares closed lower for the fifth time in the past eight trading […] Read more

AIG shares close higher on Thursday, company’s new COO to receive $15 million sign-on bonus

According to a July 6th filing by American International Group Inc (AIG), its new global Chief Operating Officer, Peter Zaffino, is to receive $15 million as a sign-on bonus and a base salary of $1.25 million per year. The sign-on bonus includes options to purchase 1 million shares of AIGs stock. AIG shares closed higher […] Read more

Delta Air shares gain for a second session in a row on Wednesday, passenger unit revenue expected to be close to upper end of forecast

Delta Air Lines Inc (DAL) now projects that its second-quarter passenger unit revenue will be close to the upper end of its forecast, due to rising revenues. The carrier also revised up the lower end of its second-quarter forecast for operating margin from 17% to 18%. At the same time, the upper end of that […] Read more