November 9, 2021 8:05 am
The three basic indices reached new record his yesterday with another encouraging factor, besides the brilliant massive corporate Q3 results and the favorable macroeconomic data released, including the employment situation. The S&P’s 8th consecutive session of record his streak is an event unseen since 1997: After straining and fluctuating negotiations for months, the USD1T Infrastructure […]
Read moreNovember 5, 2021 8:47 am
Delta Air Lines Inc (DAL) said earlier this week it had signed a long-term lease agreement with San Francisco-based Vmo Aircraft Leasing for two Airbus A350-900 jets, delivered in October 2021. “We are very pleased to partner with Delta Air Lines on executing this transaction for these latest-technology Airbus A350 aircraft,” Peter Watson, Vmo Aircraft […]
Read moreNovember 4, 2021 8:38 am
BMW AG’s (BMWG) third-quarter results, reported on Wednesday, exceeded market estimates, driven by robust electric vehicle sales and higher prices. The auto maker reported a 42.4% year-on-year surge in its net profit to EUR 2.58 billion during the quarter. BMW’s vehicle deliveries dropped 12.2% year-on-year during the third quarter, but still, the company reported a […]
Read moreNovember 4, 2021 7:57 am
Breaking new records is no more news for the US stock market – the Fed minutes from yesterday left a general optimism with its small steps for a monthly USD15B decrease of the USD120B asset purchases, in light of the strong economic recovery. The last part of the sentence is very important, as now we […]
Read moreNovember 3, 2021 11:05 am
A.P. Moller-Maersk said on Tuesday that it would acquire freight-forwarder Senator International in addition to two Boeing jets in the company’s latest attempt to expand its businesses beyond ocean shipping. Maersk said it would buy the German logistics company at an enterprise value of nearly $644 million. The acquisition is expected to be finalized in […]
Read moreNovember 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 […]
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