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.
Tag: shares
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 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 12 2022 🕓 2 min
OECD plans biggest overhaul of cross-border tax rules
The Organisation for Economic Co-operation and Development is planning the biggest overhaul of tax rules in a generation by 2024.
July 11 2022 🕓 2 min
Twitter shares plunge on Musk deal
Twitter shares plummet as the board of directors take to a judge, Elon Musk walks away from $44 billion takeover.