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.”
May 15 2022 🕓 2 min
Saudi Aramco reported a very strong first quarter
Oil producer Saudi Aramco has reported a more than 80% rise in first-quarter net profit. This was primarily due to the high oil price.
May 13 2022 🕓 2 min
Apple is no longer the most valuable company in the world
Apple lost its position as the most valuable company in the world by market capitalization due to a massive sell-off in technology stocks.
May 13 2022 🕓 3 min
Dow Jones jumps after six days of losses
Sentiment appeared positive on Friday as we are experiencing some pause in the heavy selling from previous days.
May 11 2022 🕓 3 min
Electronic Arts grow after earnings thanks to positive news
EA reported positive results and a promising future outlook. Shares are up 10% despite the announcement of the end of cooperation with FIFA.
May 10 2022 🕓 2 min
Pfizer buys migraine drug maker Biohaven Pharmaceutical
US pharmaceutical company Pfizer will buy migraine drug maker Biohaven Pharmaceutical for about $11.6 billion.
May 9 2022 🕓 2 min
BioNTech triples key financial results in the first quarter
German biotechnology company BioNTech performed well in the first quarter. However, it expects a reduction in demand by the end of the year.
May 8 2022 🕓 2 min
Shares of Under Armour weaken by more than 23%
Under Armour disappointed investors in its results for the first quarter of the year. The company is experiencing problems mainly in Asia.
May 6 2022 🕓 3 min
Nasdaq bleeds as sentiment deteriorates
Markets remain nervous - as seen by the recent volatility in US equities.
May 6 2022 🕓 3 min
Volkswagen is increasing its investment in Spain
The German carmaker Volkswagen is investing €10 billion with its partners in the production of electric cars and batteries in Spain.
May 5 2022 🕓 3 min
S&P 500 flirts with yearly lows, awaits FOMC verdict
Stock indices across the globe are getting ready for this evening’s Fed decision. So far on Wednesday, volatility has been minimal.
May 2 2022 🕓 3 min
This bitcoin miner is showing interesting production growth
Bitfarms had a 75% year-over-year increase in production. It now mines an average of 13.5 BTC per day but is not currently selling any.
May 2 2022 🕓 2 min
Warren Buffett announced big purchases in the first quarter
Berkshire Hathaway is shrinking its big cash cushion and announcing big purchases in the first quarter of this year.