December 8, 2020 9:39 am
According to a report by Reuters, citing two sources familiar with the matter, J.P. Morgan Chase (JPM) has appointed UBS banker Peihao Huang as the co-head of its Equity Capital Markets (ECM) business in Asia, excluding Japan. J.P. Morgan Chase shares closed lower for the fifth time in the past ten trading sessions in New […]
Read moreDecember 7, 2020 8:45 am
According to Tesla Inc’s first US diversity report, black employees occupy only 4% of the company’s US leadership roles and account for 10% of its total US workforce. Tesla shares closed higher for a second consecutive trading session on NASDAQ on Friday. The stock went up 0.95% ($5.66) to $599.04. The latter also was the […]
Read moreDecember 4, 2020 8:45 am
Delta Air Lines Inc (DAL) said on Thursday that it forecast a cash burn rate within the range of $12 million to $14 million per day during the fourth quarter amid slowing demand for air travel and surging new COVID-19 infections. Delta Air shares closed higher for a second consecutive trading session in New York […]
Read moreDecember 3, 2020 8:37 am
Ford Motor Co (F) reported on Wednesday a 20.9% year-on-year slump in its total vehicle sales in the United States to 149,931 units in November. Last month Ford’s truck sales plummeted 20.9% year-on-year to 78,630 units, car sales plunged 39.1% year-on-year to 11,037 units, while sales of SUVs went down 16.4% year-on-year to 60,264 vehicles. […]
Read moreDecember 2, 2020 8:34 am
Kohl’s Corp (KSS) said on Tuesday that it had inked a long-term strategic partnership with Sephora, under which 850 Sephora shops will be opened inside Kohl’s own sites by 2023. Kohl’s shares closed higher for the sixth time in the past ten trading sessions in New York on Tuesday. It has also been the sharpest […]
Read moreDecember 1, 2020 9:04 am
Loop Capital has raised its rating on Apple Inc (AAPL) from “Hold” to “Buy”, while assigning a 12-month price target of $131, as the firm highlighted stronger iPhone build and shipment outlook. Apple shares closed higher for a fourth consecutive trading session on NASDAQ on Monday. It has also been the sharpest single-session gain since […]
Read moreNovember 30, 2020 9:26 am
Amazon.com Inc (AMZN) announced plans to spend over $500 million on one-time bonuses for its US front-line employees who are working during the busy holiday season amid the pandemic. Amazon shares closed higher for a third consecutive trading session on NASDAQ on Friday. The stock edged up 0.32% ($10.27) to $3,195.34, after touching an intraday […]
Read moreNovember 27, 2020 9:03 am
Walt Disney Co (DIS) said in a filing that it intended to dismiss 32,000 employees, mostly at its theme parks business, with effect during the first half of fiscal 2021. In September, the company had announced plans to lay off 28,000 workers. Walt Disney shares closed lower for the fifth time in the past ten […]
Read moreNovember 26, 2020 8:45 am
According to a report by Reuters, citing a document submitted to the Shanghai authorities by Tesla Inc (TSLA), the US company intends to begin producing electric vehicle chargers in China in 2021. Tesla shares closed higher for a third consecutive trading session on NASDAQ on Wednesday. The stock went up 3.35% ($18.62) to $574.00. The […]
Read moreNovember 25, 2020 9:00 am
A stock trading hub will be launched in Paris by Goldman Sachs Group Inc (GS), the bank said on Tuesday, as it seeks to avoid disruption to clients after Britain fully parts ways with the European Union on December 31st. Goldman Sachs shares closed higher for a second consecutive trading session in New York on […]
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