June 22, 2020 10:05 am
Shares in Lufthansa dropped 5.7% in Monday trading as the biggest shareholder in the company disagreed with the terms of a €9 billion ($10 billion) bailout. If the rescue plan fails, this will put the biggest airline in Europe in serious danger of collapsing. This week is expected to be one of the most important […]
Read moreJune 22, 2020 7:58 am
On Friday, stocks in Apple Inc. dropped as the company announced the closing down of its stores in four states. The locations that the company decided to close again include 6 stores in Arizona, 2 in Florida, 2 in North Carolina and 1 located in South Carolina. Although Apple has recently reopened its stores, it […]
Read moreJune 19, 2020 1:54 pm
Shares in Marathon Petroleum surged 8% in premarket Friday trading, following the successful trading session of the previous day. The reason for the interest in the stock was the news about Marathon Petroleum’s potential sale of Speedway gas stations. The company was in talks for the sale of the gas unit earlier this year but […]
Read moreJune 19, 2020 11:53 am
Shares in BMW gained 1% in Friday trading after the company reached an agreement with employee representatives to continue with its redundancy plan. The German carmaker announced that it will shed 6,000 workers in Germany. This measure is taken to cut losses which the company sustained due to the low demand and the lockdowns during […]
Read moreJune 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 moreJune 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 moreJune 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 moreJune 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 moreJune 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 moreJune 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 […]
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