June 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 […]
Read moreJune 17, 2020 2:53 pm
Shares in Norwegian Cruise Line declined 7.2% in Wednesday premarket trading. The reason for the company’s slump was the extension of the cruise suspension period. On early Tuesday evening, the cruise company announced that its Norwegian, Oceania and Regent voyages will not be resumed until the end of September. The suspended cruises include sailings that […]
Read moreJune 17, 2020 12:51 pm
Shares in Boohoo surged in Wednesday trading after it announced its intention to acquire the fashion brands Oasis and Warehouse. The online fashion company’s stock rose 10% in early trading hours, marking a record high of 433.50 pence. The online retailer gained popularity while the pandemic forced many land-based stores to close. To expand its […]
Read moreJune 17, 2020 9:46 am
The British bank, HSBC, was on focus in Wednesday trading after it announced plans to lay off about 35,000 of its employees. The shares in the company gained 1% in the early hours of Wednesday trading. The banking institution was planning to shed a significant number of workers before the huge coronavirus outbreak. Now, as […]
Read moreJune 17, 2020 8:01 am
US stocks closed higher on Tuesday after retail companies were among the top gainers. Nordstrom was one of the top performers in Tuesday trading, with shares surging 15.2%. As many states began to lift lockdown restrictions, Nordstrom announced the reopening of all of its Washington stores. One of the reasons for the good performance of […]
Read moreJune 16, 2020 2:43 pm
While Monday was a successful day for Genius Brands, the company’s shares dropped 11.1% to $1.14 in premarket Tuesday. On Monday, it was reported that Arnold Schwarzenegger made a deal to become an investor in the entertainment company. Genius Brands also launched its new Kartoon Channel! on various major streaming platforms, including Amazon Prime, Apple […]
Read moreJune 16, 2020 12:54 pm
Shares in iQIYI jumped 35% in Tuesday trading after it was reported that Tencent Holdings Ltd. plans to become the biggest shareholder in the video streaming company. The trading volume of iQIYI increased to 1.9 million shares, which made it the most active stock before the beginning of the trading session. According to people who […]
Read moreJune 16, 2020 9:47 am
Japan stocks traded higher on Tuesday, with sectors like Paper & Pulp, Railway & Bus and Real Estate leading the way. The Nikkei 225 was the best-performing index among all Asian stocks and it gained 4.88% at the close of the trading session. Yamaha Motor was one of the stocks that gained the most, with […]
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