October 4, 2021 7:10 am
Last week BMW AG (BMWG) raised its full-year profit margin forecast to a range of 9.5% to 10.5% from a previous range of 7% to 9%, since higher prices for new and used vehicles overshadowed the effect of supply chain-related issues. The auto maker also raised its return on equity forecast in its financial services […]
Read moreOctober 1, 2021 7:26 am
Walmart Inc (WMT) said earlier this week that it intended to hire nearly 150,000 new store workers in the United States, with the majority of roles being permanent and full-time, as the retailer prepares for the holiday shopping season. The company also said that many of its store workers would be offered extra hours during […]
Read moreOctober 1, 2021 6:25 am
The American stocks’ session dipped down on Thursday with the DJIA, S&P500, Nasdaq, shedding off 1.59%, 1.19% and 0.44% from their market values, respectively. The weak performance is sending the September results with a 4% drop, the worst month since March 2020 when the pandemics economic concerns were just reflected in the markets. As mentioned […]
Read moreSeptember 30, 2021 7:17 am
Ford Motor Co (F) has become the second Detroit-based auto maker to require of its US salaried employees to provide information about their vaccination status against COVID-19 in an attempt to comply with broader federal guidelines. Ford’s salaried employees are now required to submit their vaccination status against COVID-19 by October 8th. However, this is […]
Read moreSeptember 29, 2021 9:53 am
Lockheed Martin Corp (LMT) said earlier this week that it had agreed with the Pentagon to deliver 151 to 153 F-35 fighter jets in 2022, or fewer compared to the number it had earlier expected to deliver – 169 aircraft. The defense company also said it would likely deliver 156 such aircraft to the United […]
Read moreSeptember 29, 2021 8:49 am
In the last US trading session the bears ruled, sending the Dow with 1.66% to 34292.21, the S&P down with 2.05% to 4352.03 and the Nasdaq Composite down to 422.27, shedding off 2.82% from its market value. The 10 year Ts are continuing to climb to a 3 month hi, reaching 1.558%. All sectors and […]
Read moreSeptember 29, 2021 7:48 am
Endeavor Group Holdings Inc (EDR), which owns the Ultimate Fighting Championship, said earlier this week that it would acquire sports betting business OpenBet from Scientific Games Corp in a $1.2 billion cash and stock deal. Endeavor also said it would combine OpenBet with its existing sports betting business IMG ARENA. The acquisition is expected to […]
Read moreSeptember 28, 2021 7:34 am
ASSA ABLOY said on Monday that it had signed a definitive agreement to acquire Arran Isle, a leading designer, manufacturer and distributor of door and window hardware in Ireland and the United Kingdom. The acquisition is expected to be finalized during the fourth quarter of 2021, subject to regulatory approval and customary closing conditions. “I […]
Read moreSeptember 28, 2021 6:19 am
The market ended mixed yesterday with Dow Jones, S&P500, Nasdaq, Gold, Crude Oil and Bitcoin with 0.20%, -.28%, -.52%, flat, 0.9%, -3.1% respectively and a multy-colored picture in the stock sectors. The VIX , volatility index, which can be traded as VXX ETF on BATs exchange, has gained almost 1%. In the forthcoming days, as […]
Read moreSeptember 27, 2021 7:26 am
Last week Nike Inc (NKE) revised down its fiscal 2022 sales forecast and said it expected delays during the busy holiday shopping season due to a supply chain crunch. The company now projects full-year sales growth in the mid-single digits, compared with the low-double-digit growth it had forecast previously. The sporting goods manufacturer also said […]
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