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.
Tag: investing
July 15 2022 🕓 2 min
European Commission approves large hydrogen project
The European Commission has approved a €5.4 billion project. It will deal with hydrogen and will be jointly financed by 15 EU countries.
June 29 2022 🕓 3 min
Nasdaq stays bearish, eyes cycle lows
The bearish trend in equities remains intact, with investors possibly sending the tech-heavy Nasdaq toward the current cycle lows.
June 27 2022 🕓 3 min
G7 leaders unveil $600 billion plan to invest
The investments will involve developing countries and are an effort to compete with China's Belt and Road Initiative.
June 20 2022 🕓 2 min
SP500 ticks higher but remains in a bear market
Volatility will likely be low throughout the day, possibly helping the SP500 index to stay in positive territory.
June 20 2022 🕓 3 min
Will Zoom grow by more than 1200% by 2026?
Zoom was one of the hottest stocks during the covid pandemic. After the release it's still falling. However, Cathie Wood sees huge potential.
June 16 2022 🕓 2 min
Ferrari on the road to electromobility
Ferrari is venturing into electromobility. The Italian automaker expects fully electric cars to account for 40% of its sales by 2030.
June 16 2022 🕓 3 min
Fed fights inflation and raises interest rates by 0.75%
The US Federal Reserve raised the base interest rate by 0.75%. It continues to tighten monetary policy in an attempt to tame high inflation.
June 12 2022 🕓 2 min
Tesla plans another stock split
Tesla Inc. is planning a 3:1 stock split, and to do so, they need to increase the number of authorized common shares first.
June 10 2022 🕓 2 min
Mastercard will allow NFT purchases using its cards
Mastercard will migrate its payment network to Web3 and enable NFT purchases using its debit and credit cards.
June 8 2022 🕓 2 min
Spotify shares rise on news of podcast growth
Spotify shares gained nearly 6% after its investor day. The rise was mainly due to news regarding the podcast.
June 7 2022 🕓 2 min
Under Armour will be removed from the S&P 500 index
Under Armour Inc. will be removed from the S&P 500 index. It's due to poor corporate results and a not-so-cheerful future outlook.