May 11 2023 🕓 3 min
Rivian rises with strong results and future plans
Rivian may be in a good spot for a buy, as the company reported not as bad results as expected. Will this be only a correction?
Market Movers
May 12 2023
NZD weakens on all fronts
The New Zealand dollar (NZD) fell on all fronts on Friday. NZD/USD is down 1.4% and NZD/JPY dropped 1.2%, while GBP/NZD is up 1.3%.
May 12 2023
Inflation levels update
The annual inflation rate in India dropped from 5.6% in March to 4.7% in April. Brazil’s inflation fell from 4.6% to 4.1%. However, inflation in Spain accelerated from 3.3% to 4.1%, and France’s inflation jumped from 5.7% to 5.9%.
May 12 2023
Mark Cuban praises AI
The potential of AI, according to Mark Cuban, is “beyond anything I’ve ever seen,” and he compared ChatGPT to the early days of the internet. Cuban has a straightforward piece of advice for businesses: join the AI race or perish. Cuban stated, “There are two types of companies in the world: those who are great at AI and everyone else.”
August 7 2022 🕓 2 min
Berkshire Hathaway reported a loss of $43.8 billion
The company was mainly affected by the situation on the stock markets. However, despite this, the company posted a positive operating profit.
August 5 2022 🕓 2 min
Allianz’s net profit down 23% in the Q2
This was partly due to a restructuring charge of around €140 million to wind down part of its US business, which has been linked to fraud.
August 5 2022 🕓 3 min
From $7.8 to $2 555 in 17 days – the story of AMTD
AMTD Digital is a Hong Kong-based company that came out of nowhere and took over the American stock exchange with massive gains.
August 3 2022 🕓 2 min
CATL will not invest in the US for now
CATL postpones investment in US battery production. This is due to the deteriorating situation between the US and China.
August 3 2022 🕓 3 min
DAX flies after miserable EU data
It looks like investors are ignoring mounting economic problems in Germany, buying the German DAX index.
August 3 2022 🕓 2 min
Uber achieves positive free cash flow
US company Uber Technologies achieved positive free cash flow in the second quarter. This was the first time in its history.
August 2 2022 🕓 2 min
BP posts highest profit in 14 years
BP, like other oil and gas firms, is among the record earnings growth leaders. The company is raising its dividend thanks to record results.
August 1 2022 🕓 2 min
Shell doubles its adjusted net profit in the second quarter
Shell's performance was mainly driven by high oil prices, refinery margins and good gas trading results. Still, it has faced criticism.
August 1 2022 🕓 2 min
Pfizer increased quarterly net profit by 78%
Pfizer reported big increases in Q2 earnings and nearly all key metrics almost entirely due to its Covid vaccine and antiviral pill.
July 29 2022 🕓 2 min
Amazon had a good quarter
Amazon has shown an increase in sales in the last quarter and expects a positive development in the future, which pleased investors.
July 27 2022 🕓 2 min
Microsoft’s profit rose but missed expectations
In the current earnings season, a lot of attention is focused on the big tech giants. Let's take a look at one of them and that's Microsoft.
July 26 2022 🕓 2 min
Volkswagen investors are concerned about the new CEO
Volkswagen carmaker investors are having doubts over the plan to make Oliver Blume the new CEO of the Volkswagen Group.