December 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 […]
Read moreNovember 24, 2020 9:09 am
General Motors Company (GM) will have to recall 5.9 million trucks and SUVs equipped with Takata air bag inflators, after its petition to avoid the callback has been rejected by the US National Highway Traffic Safety Administration. General Motors shares closed higher for a fourth consecutive trading session in New York on Monday. It has […]
Read moreNovember 23, 2020 8:50 am
Nike Inc (NKE) said on Friday that its quarterly dividend would be increased by 12%, or $0.03 per share, following another 11% raise in 2019. The company will pay a cash dividend of $0.275 per share on its outstanding class A and class B stock on December 29th. Nike shares closed higher for a second […]
Read moreNovember 20, 2020 9:03 am
United Airlines (UAL) said in a Thursday filing that there had been an uptick in flight cancellations and a drop in bookings during the week ended November 18th, because of a recent surge in new coronavirus infections in the United States. United Air shares closed lower for the sixth time in the past ten trading […]
Read moreNovember 19, 2020 8:52 am
American Airlines Group (AAL) announced on Wednesday plans to return Boeing Co’s 737 MAX to commercial flights by the end of the year, following an approval from the US Federal Aviation Administration to fly the aircraft again. The air carrier said it intended to resume non-commercial flights in early December, after which passenger flights would […]
Read moreNovember 18, 2020 11:14 am
Pfizer Inc (PFE) said that it had launched a pilot delivery program for its experimental COVID-19 vaccine in 4 US states, while the company attempts to deal with distribution challenges related with the vaccine’s frigid storage requirements. The vaccine, which has proven to be more than 90% effective against the COVID-19 disease based on preliminary […]
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