J.P. Morgan shares close higher on Wednesday, bank fires employees over misuse of EIDL funds for coronavirus relief

September 10, 2020 8:20 am
According to a report by the Financial Times, citing a source with knowledge of the matter, several J.P. Morgan Chase employees were fired on allegations they had violated the bank’s code of conduct by misusing funds that were meant to aid businesses to overcome the negative effects of the coronavirus pandemic. Those persons fraudulently got […] Read more

General Motors shares close higher on Friday, GM venture’s Hongguang MINI EV is now the most sold electric vehicle in China

September 8, 2020 11:23 am
The Hongguang MINI EV, a compact electric vehicle produced by General Motors Co’s joint venture in China, has become the most sold EV model in the country. According to industry data, 15,000 Hongguang MINI EVs were sold in August compared with 11,800 Tesla Model 3 sedans. The China Passenger Car Association, which has a different […] Read more

Citigroup shares close lower on Monday, bank appoints Robin Rousseau as Vice Chairman of Investment Banking for EMEA

September 1, 2020 11:20 am
According to a report by Reuters, citing a corporate memo, Citigroup Inc (C) has appointed Robin Rousseau as its new Vice Chairman of Investment Banking for Europe, the Middle East and Africa (EMEA). He is expected to report to Philip Drury, the head of Citigroup’s banking, capital markets and advisory business across EMEA. Citigroup shares […] Read more

Boeing shares gain for a second straight session on Friday, eight 787 Dreamliners removed from service due to manufacturing flaws in fuselage section

August 31, 2020 7:03 am
Boeing Co (BA) said last Friday that eight 787 Dreamliners had been removed from service at several airlines, after the US company had found manufacturing issues in the fuselage section of the jets. Boeing shares closed higher for a second consecutive trading session in New York on Friday. The stock went up 0.92% ($1.60) to […] Read more

Walmart shares gain for a second straight session on Thursday, retailer ties up with Microsoft in its bid for TikTok

August 28, 2020 11:20 am
Walmart Inc (WMT) said on Thursday that it intended to tie up with Microsoft Corp in the software giant’s bid for TikTok, owned by China’s ByteDance. The Chinese company has been discussing the potential sale of TikTok’s operations in Australia, New Zealand and North America to companies such as Microsoft and Oracle. According to Reuters, […] Read more

Facebook shares gain for a second straight session on Tuesday, company to introduce news service in Germany, France, UK, Brazil and India

August 26, 2020 11:31 am
Having launched its news service in the United States in 2019, Facebook Inc (FB) revealed plans to introduce the feature in Germany, France, the United Kingdom, Brazil and India during the upcoming months. Facebook shares closed higher for a second consecutive trading session on NASDAQ on Tuesday. It has also been the sharpest single-session gain […] Read more