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.”
July 25 2022 🕓 2 min
Ryanair posts profit after 3 years
The Irish airline's results still fall short of the pre-Coronavirus pandemic levels, but at least the company has finally turned a profit.
July 23 2022 🕓 3 min
Orange and MasMovil combine efforts in Spain
The companies have signed an agreement to merge their operations in Spain, with the value of the combined entity approaching $19 billion.
July 22 2022 🕓 3 min
German government will take a 30% stake in Uniper
This is done to prevent the company from going bankrupt. At the same time, Uniper received a large financial injection.
July 22 2022 🕓 3 min
Ford to lay off approximately 8,000 employees
Ford wants to cut its operating costs to increase profits and raise more funds to invest in electric vehicles.
July 21 2022 🕓 2 min
Tesla nearly doubles its profit in the second quarter
Tesla nearly doubled its profit in the fourth quarter. It also produced the most cars in its history in June.
July 20 2022 🕓 3 min
Netflix lost nearly a million subscribers in Q2
The drop was expected to be as high as 2,000,000, so half are viewed positively by investors and the stock is rising.
July 19 2022 🕓 2 min
IBM weakens after cash estimate cut
Shares of the tech giant are weakening by more than 6% after the release of quarterly results, despite a rise in revenue.
July 18 2022 🕓 2 min
Goldman Sachs reported a profit decline in Q2
Goldman Sachs Bank announced its results for the second quarter of this year. The stock is gaining slightly despite the earnings decline.
July 17 2022 🕓 3 min
Lithium batteries as the main topic of electromobility
Lithium batteries are the subject of investment all over the world. We see investment in China, the US and other countries.
July 16 2022 🕓 11 min
MercadoLibre – the new Amazon in Latin America
7/10 is the overall rating for the business because of the excellent possibility for further growth and potential for margin expansion.
July 15 2022 🕓 2 min
Citigroup rises more than 10% after the results
US bank Citigroup reported its Q2 results today, beating all market estimates on both earnings and revenue.
July 14 2022 🕓 3 min
SP500 remains bearish after massive US inflation
The bearish remains intact as the market expects a 1% rate increase at the Fed's July meeting.