November 3, 2021 9:04 am
The US stock market reached another portion of records on Tuesday, with all of its three popular benchmarks, with the DJIA crossing the psychological border of 36000. For a third consecutive session the indices reach higher and higher, not bothered by tapering, supply shocks, pandemics or energy prices. The VIX is trending lower, indicative of […]
Read moreNovember 3, 2021 8:09 am
Jacobs Engineering Group Inc (J) said earlier this week it had entered into a definitive agreement to buy BlackLynx, a high-performance software provider, in an attempt to bolster its portfolio of cyber, intelligence and digital solutions. However, the financial details of the agreement remained undisclosed. After the acquisition closes, BlackLynx is expected to help expand […]
Read moreNovember 2, 2021 8:42 am
American Airlines Group (AAL) said on Saturday that it had canceled over 1,400 flights over the weekend because of staff shortages and unfavorable weather conditions. The company was forced to cancel 376 flights on Friday, 551 flights on Saturday and 480 flights on Sunday, it said. “With additional weather throughout the system, our staffing begins […]
Read moreNovember 2, 2021 7:36 am
The DJIA made a 5.8% growth in October, while the S&P and the Nasdaq added respectively 6.9% and 7.3% gains to their market value – all digits which are enviable for a monthly return of a passive index investor. The bulls ruled in an environment of rising 10year Treasuries’ yield, world supply chain serious issues, […]
Read moreNovember 1, 2021 8:23 am
Technology group Robert Bosch said last week that it planned to invest more than EUR 400 million in microchip production in Germany and Malaysia in 2022 in an attempt to ease a global shortage. The biggest part of the investment will be focused on an accelerated expansion of Bosch’s facility in Dresden, Germany for 300-millimeter […]
Read moreOctober 29, 2021 9:47 am
The basic US indices advanced yesterday boosted by the general optimism in the tech sector, as well as the online retailing. The Nasdaq reached a new record hi at 15448.12, with a daily gain of 1.39%, the DJIA and S&P500 added respectively .68% and .98% to their market values. Oil did not manage to correct […]
Read moreOctober 29, 2021 7:44 am
Nokia’s third-quarter operating profit, reported on Thursday, outstripped market expectations due to robust demand for 5G gear. “The 5G market is still growing and we expect that it will still take a couple of years before it reaches its peak,” Nokia’s Chief Executive Officer Pekka Lundmark, was quoted as saying by Reuters. Nokia’s third-quarter net […]
Read moreOctober 28, 2021 12:33 pm
The stock markets stepped back from their recent his yesterday, with corrections of .74% and .51% for the DJIA and S&P500 respectively. Nasdaq was spared with the bearish market wave, namely due to the stellar performance of its tech-giants, MSFT and GOOGL, both of which had posted favorable corporate results in the previous day’s after-hours […]
Read moreOctober 28, 2021 7:54 am
Advanced Micro Devices Inc (AMD) forecast earlier this week higher fourth-quarter revenue than market expectations, as it expects to cope with supply chain issues and to satisfy robust demand for chips used in gaming consoles and data center servers. AMD said it expected its revenue to come in at $4.5 billion plus or minus $100 […]
Read moreOctober 27, 2021 9:36 am
General Motors Company (GM) said on Tuesday that it would install up to 40,000 electric vehicle charging stations in the United States and Canada, as part of the company’s $750 million initiative to expand its positions in the fast growing sector. The company said that it would expand home, workplace and public charging infrastructure through […]
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