Stock News

Lowe’s shares jump in premarket trading, same-store sales exceed expectations

After Lowe’s has reported same-store sales that surpassed everyone’s expectations, the company’s stock jumped 6.1% in premarket trading Wednesday. Surveys show that analysts predicted that the earnings per share will be around $1.32, while the actual gain is estimated to be $1.77 per share. Meanwhile, the expected revenue of the company was $18.32 billion but […] Read more

Marks & Spencer shares rise after conjoined business with Ocado shows potential

Marks & Spencer Group PLC reported lower revenue for the fiscal year 2020 due to the cash burn associated with the measures the company took to deal with the coronavirus pandemic. The company had a pretax profit of ₤67.2 million ($82.2 million) at the end of March 2020, which is significantly lower compared to the […] Read more

Spotify shares close higher on Tuesday after exclusive podcast deal with Joe Rogan

On Tuesday, Spotify Technology SA announced that Joe Rogan’s brand new podcast will be available to stream on the platform. Spotify users will be able to listen to the podcast as of September 1 and, later this year, the show will become part of Spotify’s exclusive content. This deal brought the company a jump in […] Read more

Expedia stock drops after its biggest single-day percentage gain since 2012

Expedia Group Inc’s stock jumped 20% in Monday trading, marking the company’s biggest percentage gain in a single day ever since July 27, 2012. Unfortunately, this climb lasted only a day since, on Tuesday, the company’s stock dropped more than 2% in premarket trading. The Jefferies analyst, Brent Thill, has decided to change his ratings […] Read more

Thyssenkrupp shares jump after talks with rivals for consolidating steel business

The German mega-conglomerate Thyssenkrupp is planning to slim down its business drastically in an attempt to cut down losses from the global coronavirus pandemic. Several conversations have revealed that the company is planning to sell some of its steel assets as it is struggling to handle the negative impact of COVID-19 on the business. Thyssenkrupp’s […] Read more

Sony shares jump as the company joins forces with Microsoft for innovative imaging chip

Sony is about to improve its latest imaging chip by incorporating Microsoft’s artificial intelligence technology. This will help Sony to further increase the quality of its products and allow an easier and more secure way to analyze video files. The improvements that Sony will introduce to its imaging chip will allow users to utilize AI […] Read more

French Group Total acquires some of Portugal’s EDP assets, European shares jump due to rebound in oil prices

Total, a French energy group, will acquire a portion of Portugal’s EDP assets by buying a customer solar energy portfolio and two of EDP’s power plants, said the company on Monday. The entire purchase is estimated to cost €515 million ($556.9 million). The customer portfolio is composed of business-to-consumer (B2C) customers as well as two […] Read more

Pfizer shares fall for a second straight session on Wednesday, company plans to expand human trials of experimental COVID-19 vaccine

While presently testing four different coronavirus vaccine variations, Pfizer Inc (PFE) intends to expand human trials of its experimental COVID-19 vaccine to thousands of test patients by September. Last week the drug maker injected doses of its potential BNT162 vaccine into the first human participants in the United States. Pfizer said it expected to test […] Read more

Amazon shares close higher on Wednesday, warehouses in France to be closed until May 18th, company says

Amazon.com Inc (AMZN) said earlier this week that its 6 warehouses in France would remain closed until May 18th. The warehouses have been closed since April 16th after Amazon was ordered to restrain deliveries during the COVID-19 pandemic. Amazon shares closed higher for the eighth time in the past ten trading sessions on NASDAQ on […] Read more

Hyatt Hotels shares fall the most in 1 1/2 weeks on Tuesday, 1 300 employees to be laid off as pandemic bites

Hyatt Hotels Corp (H) said earlier this week that it would lay off 1 300 of its employees across the globe in an attempt to handle the COVID-19 crisis, which has crippled international travel. Shares of Hyatt Hotels Corp closed lower for a second consecutive trading session in New York on Tuesday. It has also […] Read more