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.”
April 21 2022 🕓 2 min
Tesla beats all estimates in Q1
Tesla's earnings and sales in this year's first-quarter beat analysts' estimates. The US electric carmaker also raised prices.
April 20 2022 🕓 2 min
Netflix loses users and shares fall significantly
Netflix lost 200,000 subscribers in the first quarter, the first drop in paid users in more than a decade, and warned of deepening problems.
April 10 2022 🕓 2 min
Is a new media giant emerging?
WarnerMedia and Discovery have completed their merger, the companies announced Friday. The new company will be called Warner Bros. Discovery.
April 7 2022 🕓 2 min
Berkshire Hathaway reveals stake in HP
Berkshire Hathaway bought a stake in computer and printer maker HP Inc. in a deal worth $4.2 billion. That's about 11% of the company.
April 6 2022 🕓 3 min
SP500 falls to 200-day average as yields jump
Tuesday brought strong selling pressure to stocks, which continued on Wednesday, pushing US benchmarks lower.
April 5 2022 🕓 2 min
Elon Musk becomes Twitter’s largest shareholder
Elon Musk acquired a 9.2% stake in Twitter Inc. a week after hinting that he could shake up his own socia media platform.
April 4 2022 🕓 2 min
DAX fights for 50-day average
Monday has started in a slow regime as the DAX index showed no desire to move anywhere, trading unchanged ahead of the US session.
April 4 2022 🕓 2 min
Is Starbucks turning away from shareholders?
Longtime former CEO Howard Schultz on Monday announced the suspension of the company's stock buyback program.
April 2 2022 🕓 2 min
China and the US on the same wavelength?
Chinese authorities are preparing to grant U.S. regulators full access to the audit reports of most of the more than 200 companies.
March 31 2022 🕓 3 min
FTSE trades flat following UK GDP numbers
This morning, UK GDP numbers came out better than expected but failed to provide any support for the FTSE 100 index.
March 31 2022 🕓 2 min
Does Tesla have a competitive advantage?
The invasion of Ukraine has contributed to supply chain disruption in many sectors. This has not missed the electric vehicle manufacturers.
March 29 2022 🕓 2 min
S&P 500 in green numbers
The S&P 500 Index rose for a third day on Monday as a sharp rise in Tesla shares overshadowed weakness in energy and banking stocks.