Tag Archives: Market News

Tech and internet companies were the first that succeeded to reach $1 trillion in stock market value. However, the next U.S. companies that could join this prestigious clique are better known for something else. We are talking here about card companies as are Mastercard Inc. and Visa Inc.Take Mastercard for example. In its fourth-quarter earnings report, the company said that its GAAP earnings per share (EPS) surged incredible 138% in the fourth quarter to arrive at $2.07, while revenues...

An American technology leader IBM has shared positive news: IBM stock jumps 5%, which results from appointing a new CEO.On Thursday, IBM closed at $137.69 per share, 5% more than the day before. And it is continuing its growth, the price makes up $142.10.IBM stock jumps 5% after its announcement about the change in the board of directors. Arvind Krishna, the current IBM Senior Vice President for Cloud and Cognitive Software, will serve as CEO. Further, Jim Whitehurst, Red Hat’s former CEO,...

Michigan-based General Motors (GM) is turning heads with a new announcement. The automaker has announced that it will resurrect the popular Hummer truck, making it all-electric, and a lot more power-packed than previous offerings.The New GM HummerDescribing it as a “super truck”, GM has said that the new vehicle will be launched as a GMC. It will be called the GMC Hummer EV as it is an all-electric vehicle and will have improved torque and acceleration. The company says that the new GM Hummer...

Amazon has released impressive earnings figures for its fourth quarter. The figures show that the company beat its expectations for what its efforts for the quarter would yield. Amazon announced that its holiday sales profit crossed $3 billion. In response, Amazon stock jumped 13%, pushing its valuation into the neighborhood of $1 trillion.Amazon Holiday Sales Quarter HighlightsAmazon reported a total profit of $3.3 billion for the holiday quarter recently concluded with a total revenue of...

Tesla stock is beating Bitcoin – and when we say “beating” we mean it. Bitcoin investors are surely not happy with this fact that Tesla is outperforming Bitcoin (except if they didn’t invest in Tesla as well). If we look at the exact figures starting from January 1, the Bitcoin price rose around 30% while Tesla went 38% up.New Record – AgainTesla stock wasn’t like this all the time. Just for the reminder, in November, when the famous Cybertruck was revealed (and smashed, but hey every PR is a...

Google is starting a painful process of eliminating direct contact with key people in Wuhan, and across China. FAANG members officially closed four offices thanks to the virus. It is spreading fast, and the companies around the world understand that they have to act quickly.Numerous Companies Flee Away Because of Virus, Economic Freeze is OngoingGoogle is banned in China, but the locals are working as marketers, sales engineers and so on. They do not develop the local version of Google, they...

Swedish multinational clothing-retail company H&M has appointed a new CEO. As a part of a complete board reshuffle, former chief executive Karl-Johan Persson stepped down. The new CEO is Helena Helmersson, who was previously the head of operations. Notably, Helmersson is the first female chief executive officer of the fast-fashion pioneer.Now Karl-Johan Persson will succeed his father, Stefan Persson, as chairman of the supervisory board. The change came after his father Stefan said he...

The ongoing epidemic is still doing a strong and deep dive throughout the world’s financial markets. Generally, the coronavirus has caused stocks in Asia to plunge as panic continues to spread around the continent and even to the rest of the world.Coronavirus Crashes Asia StocksSeveral markets across the continent are having a bad time of the event. The Hang Seng index, which covers the largest companies in Hong Kong, closed at 26,499.13 after losing 2.62%.Most of the hardest-hit stocks all...

Apple TV+ and Apple Watches have been in the news for a bit now and while it might seem like they are the reason behind the boost in Apple’s Q1 earnings this year, there is another quiet star that isn’t even on the market yet is actually behind all the hype.On Wednesday morning, shares in the trading market rose following an announcement from the largest U.S-based mobile phone manufacturer regarding their earnings in December’s first quarter which to the surprise of everyone was substantially...

After several years of failing to meet the excessively optimistic forecasts, Tesla Inc. delivered in 2019. The company continued its profitability streak in Q4. It earned around $105 million and generated $7.4 billion in revenue. That represents 56 cents a diluted share, compared with $140 million, or 78 cents a share, in the same year-ago period. These results beat expectations and sent shares flying in after-market trading on January 29.Most of the promises that the Chief Executive Elon...