Spotify shares surge after deal with Warner Bros. and DC

June 19, 2020 8:59 am
Shares in Spotify Technology gained 12.7% in Thursday trading. The reason for the jump is the news for exclusive Warner Bros. and DC podcasts launching on the streaming platform. For a certain period, Spotify will be the only streaming service that will allow users to stream scripted podcasts with iconic DC and Warner Bros. characters. […] Read more

Hertz shares decline after it terminates $500 million shares offering

June 19, 2020 6:53 am
Shares in Hertz declined 10% in Thursday trading after the company terminated its share offering for $500 million. The reason for the retrieval of the stock sale is the Securities and Exchange Commission’s disapproval of the deal. After the company announced bankruptcy, the shares in Hertz enjoyed a strong rally last month. To make the […] Read more

United States Steel shares slump after forecast for second-quarter losses

June 18, 2020 2:44 pm
Shares in United States Steel Corp. declined 14% in premarket Thursday trading. The reason for that was the company’s forecast for second-quarter losses that surpassed analysts’ expectations. Early on Monday, the company announced its decision to sell 50 million common shares. This number, however, can increase to 57 million common shares if there is bigger […] Read more

Wirecard stock drops as company delays annual report again

June 18, 2020 12:54 pm
Shares in Wirecard plummeted as much as 65% on Thursday after the company postponed its annual report for the third time. The huge decline marked a three-year low and the reason for the most recent delay is the fact that auditors were not able to track about €1.9 billion ($2.1 billion) in cash. The payment […] Read more

Kawasaki Kisen Kaisha shares surge while Japan stocks close lower

June 18, 2020 10:06 am
Thursday was not that successful for Japan stocks as there was a significant decline in sectors like Paper & Pulp, Railway & Bus and Real Estate. The Nikkei 225 dropped 0.45% on Thursday, with falling stocks outnumbering those that gained. Despite the decline in Japanese shares, one of the best performers in the trading session […] Read more

Zoom shares slip, company to offer end-to-end encryption to all users

June 18, 2020 7:48 am
Shares in Zoom reached an all-time high on Tuesday, trading at more than $242 per share at the close. On Wednesday, however, the stock dipped 2% to close at $236.76. Despite the decline on Wednesday, the Zoom stock is still up almost 250% compared to its value for the previous year. On Wednesday, the company […] Read more

Norwegian Cruise Line shares drop, company extends voyage suspensions

June 17, 2020 2:53 pm
Shares in Norwegian Cruise Line declined 7.2% in Wednesday premarket trading. The reason for the company’s slump was the extension of the cruise suspension period. On early Tuesday evening, the cruise company announced that its Norwegian, Oceania and Regent voyages will not be resumed until the end of September. The suspended cruises include sailings that […] Read more

Boohoo shares surge as retailer acquires Oasis and Warehouse

June 17, 2020 12:51 pm
Shares in Boohoo surged in Wednesday trading after it announced its intention to acquire the fashion brands Oasis and Warehouse. The online fashion company’s stock rose 10% in early trading hours, marking a record high of 433.50 pence. The online retailer gained popularity while the pandemic forced many land-based stores to close. To expand its […] Read more

HSBC stock gains, company to shed about 35,000 workers

June 17, 2020 9:46 am
The British bank, HSBC, was on focus in Wednesday trading after it announced plans to lay off about 35,000 of its employees. The shares in the company gained 1% in the early hours of Wednesday trading. The banking institution was planning to shed a significant number of workers before the huge coronavirus outbreak. Now, as […] Read more

Nordstrom shares gain, company to reopen Washington stores

June 17, 2020 8:01 am
US stocks closed higher on Tuesday after retail companies were among the top gainers. Nordstrom was one of the top performers in Tuesday trading, with shares surging 15.2%. As many states began to lift lockdown restrictions, Nordstrom announced the reopening of all of its Washington stores. One of the reasons for the good performance of […] Read more